High stress environment - Director New York Life Employee Review

1.0
Oct 31, 2014
Recommend
CEO approval
Business Outlook

Pros

Challenging environment, smart co workers, decent compensation and benefits. Senior management is communicative and keeps us informed, even when they have bad news to share.

Cons

Major "transformation" initiative is underway in Technology. In the end we are told there will be a major downsizing in the NY-NJ workforce. Most jobs will be going to India, Dallas, Atlanta. No chance of relo or training. This process is just starting, not clear the impact on specific individuals. Knowledge transfer process is also underway. Teams of young Indians come around, interview and record you on what you do, how you do it, etc. Assisting these teams is #1 priority we are told. My manager is a micromanager who has lost or fired all his employees over the years. I am the last. Daily 15-20 minute lecture sessions are painful but tolerated. Earned time off is difficult to take - every year most of my vacation time is piled up to be taken in Nov and Dec. when I get lectured on why I should have taken it during the year even though it often was refused to be approved. Manager expects you to be working 10-12 hours / day, available on weekends. Does not "get" the importance of American holidays such as Christmas, Thanksgiving, other family time. Vacations in summer with family is more important than vacation in October, November, etc. alone. Company used to be a great place to work. Now it feels abusive, unpleasant to come to every day.

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5.0
May 11, 2026
Anonymous employee
Recommend
CEO approval
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Pros

Great culture and leadership team.

Cons

None as yet so far

5.0
Oct 9, 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.
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