MassMutual

  www.massmutual.com
  www.massmutual.com

MassMutual Reviews

Updated 19 November 2014
Updated 19 November 2014
317 Reviews
3.2
317 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
MassMutual Chairman, President, and CEO Roger W. Crandall
Roger W. Crandall
131 Ratings

Review Highlights

Pros
  • Rewarding work environment with the flexibility to take on additional responsibilities to build skills (in 13 reviews)

  • Great Benefits along with exam reimbursements if you are in the Actuarial Student Program (in 9 reviews)


Cons
  • No base salary and only sales commissions (in 16 reviews)

  • They try to convince you that success relies in making friends and family become your clients (in 5 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Has been a great experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Advisor in Youngstown, OH (US)
    Current Employee - Financial Advisor in Youngstown, OH (US)

    I have been working at MassMutual full-time (more than 3 years)

    Pros

    the support from higher ups has been amazing.
    flexible schedule
    work life balance

    Cons

    everything is on you when it comes to finding clients

    Advice to ManagementAdvice

    management is great

    Recommends
    Positive Outlook
    No opinion of CEO
  2.  

    A fantastic place for ambitious professionals

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Services Representative in Lehigh Valley, PA (US)
    Current Employee - Financial Services Representative in Lehigh Valley, PA (US)

    I have been working at MassMutual as a contractor (more than an year)

    Pros

    The company offers a tremendous amount of support to agents in regards to support and technology and offers a great amount of flexibility and industry-leading products

    Cons

    No base salary. It is very difficult to get started and stay on your feet, though once you do, the payoff is tremendous.

    Recommends
    Positive Outlook
    Approves of CEO
  3. 1 person found this helpful  

    100% Sales

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Services Professional
    Current Employee - Financial Services Professional

    I have been working at MassMutual full-time

    Pros

    Valuable training
    Co-workers are nice and friendly
    Work-life balance

    Cons

    During interview process they do not fully tell you that the job will be 100% sales and how difficult it will be to generate sales
    After training they throw you under the bus and forget about you
    No guidance
    When you go on company trips you have to pay for everything

    Doesn't Recommend
    Negative Outlook
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  5. 1 person found this helpful  

    Good opportunity, if you have the financial backing.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Agent
    Current Employee - Agent

    I have been working at MassMutual full-time

    Pros

    Work life balance is great, there are no clocks to punch. However your success depends on your motivation to work.

    Cons

    You won't get paid for a while; the interview (open to close) process with a client takes at least a month, another month for the underwriting process. So unless you have enough financial stability to go two or more months without a paycheck, I would not recommend this job. Also the training program is not efficient enough.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  6.  

    Solid company but need to modernize

    Former Employee - Financial Services Representative in New York, NY (US)
    Former Employee - Financial Services Representative in New York, NY (US)

    I worked at MassMutual full-time (more than an year)

    Pros

    Decent benefits. Solid reputation. Solid financials.

    Cons

    Opportunities limited. Need to get up to date with the times.

    Advice to ManagementAdvice

    Get rid of old systems.

  7.  

    I have been working at MassMutual

    Pros

    Products and support are strong
    Marketing money and ideas
    Independence

    Cons

    This business is hard
    But that is obvious

    Advice to ManagementAdvice

    Bring more young talent in
    Continue building this great team

  8.  

    Best financial institution to work for. Very flexible and most opportunities given to agents.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Registered Representative in Raleigh, NC (US)
    Current Employee - Registered Representative in Raleigh, NC (US)

    I have been working at MassMutual full-time (less than an year)

    Pros

    The marketing support at the local agency level is unmatched by any other company. Commissions are top in industry if you produce well. Local agency management is helpful, knowledgeable, and most importantly loyal and honest. The GA and SM's are there every time you need them. Opportunities to grow includes managing associate position which is a great plus!

    Cons

    It is difficult to start in this industry even with huge support from company. That being said, MassMutual Raleigh/Durham is dedicated to experienced agents and does not do a ton of recent college grad recruiting.

    Advice to ManagementAdvice

    Keep up the great work and support.

    Recommends
    Positive Outlook
  9. 2 people found this helpful  

    Overall good compensation.

    Former Employee - Underwriter in Enfield, CT (US)
    Former Employee - Underwriter in Enfield, CT (US)

    I worked at MassMutual full-time (more than 3 years)

    Pros

    There are flexible schedules available at the discretion if your manager so that you can balance family and work responsibilities. The offer great bonuses and education reimbursement.

    Cons

    The Peter principle is alive and well at MassMutual. Unfortunately some folks get promoted to their level of incompetence. Management is fragmented.

    Advice to ManagementAdvice

    Management needs to listen more to employees on work process issues.

  10.  

    Good company for ambitious people

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Advisor in San Francisco, CA (US)
    Current Employee - Financial Advisor in San Francisco, CA (US)

    I have been working at MassMutual full-time (more than an year)

    Pros

    You have a flexible schedule and everything you produce is on you. You truly have to earn it. Training received is very strong. Techniques for referral generation are very effective. There is no limit to how much you can make. You truly get to help people make good financial decisions.

    Cons

    VERY difficult to get your practice off the ground when starting. Helps to have a network already in place. no salary, so you have to produce in order to receive supplements and bonuses. Not for shy people, you have to be hungry and willing to push your comfort zones.

    Advice to ManagementAdvice

    there is no set management structure and managers come and go jsut like agents. Otherwise they provide good training and sales support. They usually start out as being top producers so they have insight into how they can help.

    Recommends
    Positive Outlook
    Approves of CEO
  11. 2 people found this helpful  

    Lies, lies, and more non-truths.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Advisor
    Former Employee - Financial Advisor

    I worked at MassMutual full-time (less than an year)

    Pros

    Nothing. I would not recommend their financial advisor program to anyone.

    Cons

    Big promises, they inflate your self of sense-worth. They will make you feel good and tell you that you can get the perfect work-life balance as a financial advisor; they are going to mentor you and help you make six figures. Oh and it gets better too.... they typically prey on just graduated college students who have very few job prospects and are desperate/hard-working. They want to put their efforts somewhere but do not know where.

    I got sucked into the whole "be a financial advisor" scam from Mass Mutual about March 2013 of last year. I formerly was in auto sales, and education. I was looking to try something new and was referred by my wife to one of her friends who worked for the company. He interviewed me four times saying I gotta make sure this is for you, blah blah blah blah. In hindsight I should have known he was one of the worst snake-oil salesman I have ever met; but it was my wife's friend.

    They will sponsor you for your life, health, and series 6/63. But everything else you pay for. These fees and study materials can average around 1k or more dollars overall. Pretty hard for a recent college student who now averages 80k+ in student loan debt. The hardest and most discouraging part of this job is after they build you up so much, encourage you strongly to get your licenses.... once you get all that stuff the question than becomes: "now what?"

    The leads are not provided. So you are expected to go seek out your friends and family to sell life insurance, financial products, and accident/health products as well. This can get pretty awkward as although you might find these parties initially wanting to help you; when you mix business and family/friends together or any type of monetary transaction it can sour things. Mass Mutual doesn't care though. They want numbers and look at you as their new pack mule to sell their products.

    You do not get paid any kind of weekly compensation so you better produce. Without a lead network to tap into, and be expected to canvass your own network or outside of it to sell you better live at home with Mom or Dad or be on section 8/welfare. Because believe me it can get expensive working for this company. I was probably about 4-5 grand when it was all said and done. They do not help you despite how much your general agent will claim they do.

    Advice to ManagementAdvice

    The company is very well respected and your products are highly rated. Treat your new financial advisors like any other investment as you are a business. Nurture their talents, pay them some kind of stipend, and get rid of the counterproductive pay structure system where one's financial advisor's general agent gets paid on his own deals/can work on the field. What incentive is your general agent/supervisor going to have to nurture new talent if he can get paid on his work?

    Completely overhaul your financial advisor program and invest more into your new employees. You are angering and causing disaffection with potentially dynamic, new, and young talent that could revitalize your company. Your loss though and you do not seem to care about it with the way you conduct business.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

MassMutual Photos

MassMutual Headquarters
MassMutual Convention Center (Photo thanks to Flickr user informationgoddess29, available under by-nc-sa v2.0)
MassMutual Tokyo (Photo thanks to Flickr user teikan, available under by-nc-nd v2.0)

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