I applied through a recruiter. I interviewed at New York Life (State College, PA) in Mar 2015
Interview
Very conversational. Everyone who works here is easy to get along with (hence why they are financial professionals). If they like your personality and see that you have a drive for success the likelihood that you will get the job is very high. Overall it was a great experience, but if they like you they really try to lure you in before telling you the job is straight commission.
I applied through college or university. The process took 2 weeks. I interviewed at New York Life (Wall, NJ) in May 2015
Interview
I met with a recruiter at a college career fair. She seemed to like me, took my resume, and then called me the following week to set up an interview with the office "partner". I met with the partner and he asked me mainly resume based questions and really wanted to make sure I was informed on what the job required. I was asked then to fill out an online application and background check and if it all comes back good, that I would get a call setting up a second interview. All of my credentials passed and I was set up for a second interview with the partner. This interview was more of an info session about how the sales process works and how you build your connections. I was then asked to call ten friends/family and ask them a series of questions about life insurance agents and their knowledge of the industry. You also have to ask them for three people who you could call, but you only need to call five of them. Once you finish that, you are called in for the third and final interview. I decided after doing some of the questionnaire calls that this wasn't the right industry for me, and informed the partner that I wouldn't be continuing on in the process.
The benefits were decent and the training program seemed to be amazing compared to any other financial company. Its a three year program. You start selling once you have your licenses though. Its a base salary of 30k plus any commission you make. There is a lot of potential to make a lot of money, it just wasn't something I saw myself doing for the rest of my life.
I applied in-person. The process took 4 weeks. I interviewed at New York Life (Salt Lake City, UT) in May 2015
Interview
The interview was a little MLM / fraud like. I recognize that NYL is a well established company, but they need to revisit their recruiting process. Upon applying, I received an email inviting me to interview. When I arrived, I interviewed with the district sales manager, whose interview style was to flip through a packet of info to show me that NYL was legitimate. I then took an assessment, and was given "homework", as he called it, to fill out a questionnaire. He indicated that during the next visit we would be reviewing my answers and seeing if NYL would be a good fit or not. He also stated that we would review my assessment scoring at that time. This interview was an hour.
During our followup he shared that I had received "the highest assessment scoring he has seen". Not surprised based on my sales experience. The second interview he discussed more of why NYL was a good company, and about how they wanted to grow this area. The second interview lasted an hour as well. I was then asked to go to the corporate office, 40 minutes north, to participate in a training. I was told that they would go over Marketing and Training. As of this stage, I wasn't yet offered employment. Following that 1.5 hour unpaid meeting (still not even an employee?) I was invited back to talk about the commission scale. Another 1.5 hr meeting, 40 minutes away.
Unless you like to be jerked around, don't interview for NYL unless you have no other options or are interested in their commission only lengthy interview process.
Interview questions [1]
Question 1
Are you comfortable selling life insurance to your whole family?