Greatest Opportunity in Corporate America - Anonymous employee New York Life Employee Review

5.0
9 Oct 2015
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Right out of college, I had an opportunity with the New York Life. Being young I felt that I was at a disadvantage but I worked hard, I was relentless, and ambitious. My first full year, I was able to make a six-figure income. It wasn't easy but is medical school easy? Is law school easy? The training and development at New York Life was unmatched. I knew nothing about the Insurance and Financial Services industry until I was given an opportunity at New York Life and the training was exceptional and has led me to the success I have today.

Cons

You have to work hard, be relentless, entrepreneurial, invest a lot of time and effort into the business and above all, expect a higher standard of living and strive towards that goal every single day.

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New York Life Response
9y
Thanks for taking the time to share your feedback – we appreciate it. As you say, a successful career as an agent requires dedication and commitment. For many, including you, the professional rewards are worth it. But we do understand that starting out in this career is not always easy. That’s why we offer new agents continuous training and support, to give them the advantages they need to succeed.

Explore other reviews about New York Life

5.0
3 Jun 2026
Recommend
CEO approval
Business outlook

Pros

Great brand with high levels of training and support. Good work-life balance and supportive managers who don't micromanage. Benefits include good pay, decent PTO, tuition reimbursement, bonuses. Agents enjoy full autonomy over their schedule, the ability to work with clients they choose, and untapped commission potential. Training is strong, with clear advancement paths toward financial advisor and management roles.

Cons

Commission-only structure. Agents must generate their own leads with no real structure to daily activities.

1.0
12 Apr 2026
Recommend
CEO approval
Business outlook

Pros

Pros Amazing Managing Director. Knowledgeable senior NYLIC agents. Helpful development managers. Knowledgeable staff—what’s left of them.

Cons

Since the new regime took over in 2018, the culture has deteriorated. What was once one of the top offices in the Northeast has experienced a steady decline in morale, leadership quality, and employee retention. Highly qualified individuals have been overlooked, while others without the same level of experience have been placed into leadership roles. A major issue has been promoting home office employees into management positions without adequate leadership experience. Staff were often left training these managers, which created frustration and inefficiency. This approach has negatively impacted staff and contracting departments, contributing to dysfunction and, in some cases, leadership turnover. Micromanagement is excessive, and favoritism and nepotism appear to play a role in advancement. Meanwhile, seasoned employees are consistently overlooked, leading to disengagement and, ultimately, departures. Many long-tenured, high-performing employees chose to leave or retire early rather than continue in the current environment. The result is a workplace where remaining staff are overworked, underpaid, and burned out. New hires quickly become discouraged, and turnover continues. What was once a strong, high-performing team has been reduced to a fraction of its former self.

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