AXA Advisors

  www.axa-equitable.com
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AXA Advisors Reviews

Updated Jul 17, 2014

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All Employees Current Employees Only

3.0 269 reviews

76% Approve of the CEO

AXA Advisors Chairman and CEO Henri de Castries

Henri de Castries

(72 ratings)

41% of employees recommend this company to a friend

Review Highlights

Pros
  • Flexible hours most of the time(in 13 reviews)

  • You can make a lot of money if you are truly dedicated and passionate about the job (or about the money)(in 7 reviews)


Cons
  • No base salary offered in Manasquan(in 8 reviews)

  • Sell to family and friends" marketing mentality(in 6 reviews)

269 Employee Reviews
Relevance Date Rating
in
    • Culture & Values
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    An OK Advisory Firm

    Financial Advisor (Former Employee) Honolulu, HI (US)

    ProsThere are good smart people that you work with that made it easy to come into work every day. There is access to a wide range of product.

    ConsThe management was poor. They had an every man for themselves attitude. There was not much direction and guidance for new young advisors. They seem to care more about the money they make from their own clients instead of the overall performance of the whole office.

    Advice to Senior ManagementThe management team needs to concentrate more on cultivating their young advisors.

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    • Approves of CEO

    1 person found this helpful  

    AXA is a decent company

    Anonymous Employee (Current Employee)

    ProsGreat entry level Finance job and a very stringent learning curve. Great way to get your licences and get sponsored by the company to do so.

    ConsYou will definitely want a way out due to low compensation unless you truly understand the Entrepreneurial aspect. Very self-driven style of getting things done and you will be out on a limb.

    Advice to Senior ManagementYou should as what goals your associates have and help the co-exist with your own.

    No, I would not recommend this company to a friend

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    • No Opinion of CEO

     

    Good, not great.

    Anonymous (Current Employee)

    ProsMassive company, dominating market share, offers many different types of investment options, plenty of external support from various internal but offsite call centers.

    ConsTerrible processes and procedures, limited training, very unorganized

    Advice to Senior ManagementProvide better support system for ALL employees of axa advisors, not just financial professionals.

    Yes, I would recommend this company to a friend

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    • Culture & Values
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    Investment Management intern

    Investment Management Intern (Current Employee) New York, NY (US)

    Pros1. Know people who work there.
    2. Get the hand-on experience on cold calls.

    Cons1.Everyday you just did the same job.

    Advice to Senior ManagementThis company should provide more opportunities to international students.

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    • No Opinion of CEO

    1 person found this helpful  

    Misleading

    Financial Advisor (Current Employee) Los Angeles, CA (US)

    ProsIt is an old company that offers opportunities for an entrepreneurial spirit.

    ConsGood luck managing your book of business, because your on your own and its not easy getting a simple policy through.

    No, I would not recommend this company to a friend

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    World class training and support!

    Financial Consultant - Sales Force Associate (Current Employee) Akron, OH (US)

    ProsGreat training and high retention rate. AXA offers one of the best total packages in the industry. Whether you are just starting out or have been in the career for years.

    ConsAs with any career that offers unlimited income potential and freedom to your own hours it up to you to make good decisions. It can be hard to stay disciplined.

    Advice to Senior ManagementKeep up the good work!

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    • No Opinion of CEO

    2 people found this helpful  

    Employment requires more luck than hardwork

    Financial Consultant (Former Employee) Stamford, CT (US)

    Pros*Free to set schedule (most of time, if traditional, or non-RBG group)
    *Easy to join even with no finance background; may help you get experience other firms need before they'll consider you.
    *Online training and frequent branch training (though sometimes too frequent).
    *Cumulative quotas means, if you are lucky, one big case can set you ahead for years. (Though falling behind can also make the next "validation" period much harder.).

    Cons*High turnover rate - majority stay less than a year; better (or luckier) offices keep maybe 25% of new hires past 4 years, though a lot retain less than 5%.
    *Rigid quotas (Contrary to popular opinion, they CAN make AN exception once if you miss the deadline however it's VERY rare. Even if you do, you must make up the missing production on top of your next quota or else.)
    *Sure, can set own schedule, but new "advisors" should expect to spend 80% or more of their time as a telemarketer/mailbox stuffer if you want to stay expect 80+ hrs/wk unless you have a lot of rich friends/family or if you pay for an assistant.
    *Cannot retain clients upon leaving. Your accounts will eventually be given out in orphan call lists for other new hires to telemarket. (Note: Plenty of firms do not put a non-compete in their contract.)
    *Even if you close more life sales than your peers, a string of bad luck could cause every one of your cases to be rejected by underwriting.

    Advice to Senior ManagementBranch and district managers: Thanks for the training and all your support the past three years.
    Divisional/national VPs: While quotas are necessary to maintain the bottom line, consider giving un-validated DSF/ESF an option to stay if they pay for their office space/expenses. Thus, those destined to fail no longer suck company resources and those who simply had really back luck with underwriting don't become a competitor with intimate knowledge of AXA's market.

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    1 person found this helpful  

    Grinding sales role

    Financial Advisor (Current Employee) New York, NY (US)

    ProsPeople are great and the managers are all incredibly smart and talented.

    Conslong hours, 8 to 8 everyday, cold calling is what you'll spend 80% of your time doing.

    No, I would not recommend this company to a friend

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    • No Opinion of CEO

    1 person found this helpful  

    Good Learning Experience

    Financial Professional (Current Employee) Houston, TX (US)

    ProsFlexible Schedule, Make your own hours, great coworkers

    People I worked with were very friendly and helpful when asked a question.

    ConsVery sales driven, which is not what I expected. Lots of pressure to hit minimum 'numbers'.

    Typically long hours, and not much emphasis on work/life balance.
    Lots of fees associated with running your 'business'.

    Advice to Senior ManagementBe more upfront about job expectations and during interview process including fees and expenses, amount of time spent in field, income expectations.

    No, I would not recommend this company to a friend

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    comfortable but boring

    Anonymous Employee (Former Employee)

    Prosclean environment, nice mentor leadership

    Consoffice culture, personal growth, training

    Yes, I would recommend this company to a friend

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