I was recently offered a FinAdvisor at New York Life with a base of around $63k and commission of 55% AP per sale. From my initial discussion with the recruiter, they made it sound like my job would just be to attended events and mixers provided by the company as the main avenue for getting clients. This would be in the San Jose Bay Area. Does anyone have any experience they would be willing to share with me. There were many other perks offered but I am just looking for the cons of the job. TYIA

like
Posting as :
works at
You are currently posting as works at

I mean, I think that the cons will be typical cons of sales. Difficulty with the current sales market, long hours.. You might want to talk to other sales reps at New York Life about what their actual commissions look like. Would you be happy enough if you only made the base pay? I think it's a rough sales market right now so just be prepared that commissions might be few and far between.

like

I’ve worked as an all commissions sales rep for the past 3 years and been moderately successful throughout my career. This would be the first time I would have a base salary, and since I’m a licensed insurance producer already I know I will be making sales. I guess my main concern is with lead sourcing. They way they described how they would position me to obtain the clients sounded like a great fit for me, I just want to make sure it’s all legit and is as advertised

like

new york life offers a base??? since when

like

NYL doesn’t offer a base.

Sales is always a numbers game. It just really depends on your competitiveness of being top performer if you thrive on it or not. Best sales roles are uncapped commission regardless on how low the % starts at.

From the 10+ years of experience from SME from b2b, b2c, it's always better to be consistent in reaching your Targets than excelling 1 week and not the next. Be humble, don't sell the customer, be upfront and tell them straight how much it will save them long term at the same time how much it will help them ROI short term. You will gain a following, support your clients and they will support you.

like

I was offered the base directly by the manager and he offered to bring me in person to check out everything. I appreciate the input, hopefully I’ll be able to find someone who works there. The role is as a financial advisor with a 1 year road to management - at least that’s how it was laid out to me

like

Get the base in writing. Also if you don’t sell the base in product do you have to pay it back?

Potential con: how you feel about the ethics of what you're selling. I think some products like whole life insurance are almost scams, others (unnecessarily expensive mutual funds and ETFs) are poor value products, and both of these prey on people who trust you. You haven't mentioned exactly what you're selling, so maybe it isn't this stuff, but if it is, please do some research and see how you'd feel about these things.

like

I work on 100% commish some days I wish I earned a salary, working 9hours and not making a sale is exhausting but let me tell you when I do make a sale and usually its more than one in a day, I earn around 800-2000 for the day

like

that's a great job+salary

like

If I was you I would accept the job only on this terms as California and fedral taxes take roughly 46% of that pay negotiation for higher pay

like

Related Posts

Is the difference between big 4 and MBB in compensation huge at top levels (SM and up)?

likefunny
like

Have an offer from Deloitte. In advanced stages of a discussion with Evosys (certain that theyll give me a higher pay)

Folks working in Evosys, any thoughts on how to proceed? Worth picking Evosys over Deloitte? Please share your thoughts.

What's the salary band for a Senior Manager of Product Operations in HelloFresh?

like

Hansen Technologies : £72k
NTT Data: £80k
Tech M:£75 k(with sponsorship covered of worth £10k for 3 years)
Role: solution architect Teleco domain.

Any suggestions?

like

What is the salary for Cloud expert in Government at PwC and anyone can tell about their experience in this role.

Whats the appraisal cycle period at lti and is there any mid year hike happening in 2022.

Also when do we get the bonus amount? And is it in whole or bifurcation happens ?

like
like
like

Hi Fishes,

What percentage hike can I negotiate in the HR round of Accenture if I have a second offer of 17 lacs (CTC) in hand and a relevant experience of 2 years?

Inputs from people who are working or have worked in Accenture would be really appreciated. 🙂

13 LPA fixed for Package Specialist. Is it good for a 3.2 years exp candidate? How much can we expect in hand?

like

Data science consultant. 3 years exp, AWS developer, and masters in stats. What's a good range?

like

I’ve interviewed for several positions AVP and VP roles since October of ‘21 internally with Citi. Didn’t take any of them because it would have been only $8k - $11k salary bumps. For double or even triple the work. So I’m leaving to go from $70k to $235k in September at a competing firm for a VP level role. The moral of the story: hop if you need to. No reason to stick around for low pay and not being compensated fairly by the company that expects “loyalty” from you.

likeupliftinghelpfulsmart

can anyone help me with standard package for Customer success manager/ key account manager salary. I have 2 years of experience. Need to know what can I expect for this role.

like

What will be my take home salary?HCL Technologies
Thanks

Post Photo
like

What should be expected package for Senior Bizops Engineer.

YEO - 7.9
Current CTC -13.13
Offer form another company -18.70

Could you please provide your suggestion .

Thanks in advance

like

Hi Fishes,
I have an interview coming up with
Tavisca for Product Manager profile. Can someone please guide on how to prepare for it and salary expectations for a 10 yoe??

Hello Friends, I have 2 questions please help to clarify.

I am joining in CTS on September last week so when i will be considered for appraisal ?

And also for variable compensation I will get in this March right? For this we don't need to wait for a year I guess.

like

What will be the in-hand for this offer?

Post Photo
like

More Posts

Bain & Company Bain & Company Do you have any insights into what they are expecting in the second (last) round? I saw that there are two cases and a presentation. Are they more interested in professionalism than the "analytical" skills assessed in the first round? Do you have any more insights into the presentation?

Many thanks in advance

like

how many opinions/bench rulings should I aim to complete by the end of the clerkship?

like

What is your favorite book about how to achieve high levels of success at your current job?

like

I have completed 8 months in the current org and my Notice Period is 90 Days.
If I resign and serve notice , my tenure at current workplace will be 11 months.
Should I work for one more month and resign ?
Or should I resign right away and serve 2 months notice period and buy out one months notice ?

Please guide.!!

like

Aside from MBB, which firm pays their employees the best?

like

Thoughts for a upscale networking event

Post Photo
like

Any recommendations for large dog (100lb+) costumes/ outfits for the winter?
Themed would be awesome too.

Post Photo
likehelpfulfunny
like

Hi. Do I qualify for CFRA in California if our firm has at least five employees but a couple of them are W-2 and the rest are 1099?

like

I am an email marketing specialist. I am approaching my one year at my new job. I have been going above & beyond. I have been recognized by my boss that I have been doing great as well. I have been implementing new strategies, completing all assignments on time, and I do the most in all of our meetings, interviews and business events. How much can I ask for a raise?

like

can a writer explain the new season of Dave to me?

like
like

Why is this bowl so quiet?

like

Single 🐟 joining business school in the fall... is dating within your class/cohort considered bad practice?

like

Any ladies in DC want to meet up? I just moved here and looking for love, friends, and everything in between. 33M with a job and a pulse.

likefunnyuplifting

There might be lots of offerings and competitions in market. It is not so easy to come out with customer choice and bringing the flagship.
Here is the way to look the product with the easiness, expertise and acceptance.

Post Photo
helpful

Creative artwork roles in London?

like

Which Company should I join and Why?
1. FIS global - 11 LPA
2. Tech Mahindra - 14 LPA

like

Has anyone else told their religious parents that they were moving in with an SO before marriage? I did, it didn’t go super well- they disapprove of it (cont)

like

Once you’ve applied via referral link to a position, does it keep you in a referral pool or do you need to constantly get a new referral link if you apply to another role say 4 months later? Curious since they only last 30 days and i feel bad asking for a link a 3rd time now…..

like

Additional Posts in Jobs in Sales

I have to do a mock cold call to a business (restaurant) for Square Give me your best cold calls!

like

Anyone else in “I’ll do my job description and nothing more” mode? I’ve gone above and beyond for my company for a while, and all I got was my quarterly bonuses and remote work taken away without explanation. Owner says he wants more “team building” from his florida mansion (we’re in the northeast). Half the company remote, half the company in the office with 0 explanation why. You want us cracking new accounts? Banging out 100 calls a day? PAY US ACCORDINGLY. Don’t piss on us and call it rain

like

Interviewing at DocuSign, pretty excited but should I be concerned about where SaaS is headed with recent talks of recession and how it’s affecting tech?

How would you suggest dealing with a toxic boss? They gossip and seem to purposely be vague about critical information, likely so they can't be held accountable.

like

Hey fellas. Has anyone heard about Sales career in consulting? Specifically Accenture? Is it a good career start and progression to someone new to sales? Would appreciate any insights.

like

Hey FishBowl Friends, so I’m currently trying to break into tech sales/FinTech and I feel that due to my previous work history, I might not look like the ideal candidate on paper but I’m an extremely fast learner and very coachable. I’ve been a manger at a gym, got my degree in finance, worked as a client advisor at a top 3 auto dealer in the nation and now I’m a project manager at a solar company. I really want something that’s remote and steady, any recommendations on how to spruce myself up?

like

My company blames my generation for not being able to hire everyday. “You guys don’t want to work” coming from some overweight, racist, old coaster. I’ve barely taken any days off this year and pick up “skeleton crew” days any chance I get. I was able to work out a deal with my company before I came because of prior experience luckily, but they offer a terrible base salary and sham of a commission structure to new hires + no remote. Then sit here and can’t figure out why…

likefunny

Currently looking for an outside sales position in Massachusetts.

I have 7 years experience in sales. But I am relocating from North Carolina to Massachusetts.

Would anyone happen to know any great companies hiring?

A majority of my experience is in the logistics and logistics technology side of sales. I’ve been working remotely doing over the phone/ zoom demo sales. But I would love the opportunity to service my clients in person!

like

I left my job about a year ago to relocate, make sure it was the right decision and start a side business in the mean time. Now I’m actively looking for a new sales position, have tons of experience, but am struggling to even get a response from job apps. I am wondering if this is because of my employment gap? I don’t have my side business listed on my resume because I don’t feel like I have enough positive “stats” to report yet given it’s new. Any advice or recommendations?

like

Hi Gang, really feeling the burnout a bit heavy now after ~5 years in SaaS and Consulting Sales. What are some of the most transferable roles AEs can move to post sales?

like

Been searching for work for about 2 months now, and I can’t tell what companies are looking for anymore. I have 2+ years as an AE full cycle. And I get rejected left and right. My resume is up to date, I’m applying non stop, what else can I do?

like

I had a job interview for a role that I really want. The hiring manager scheduled me for an interview and did not show up. Emailed me an hour later stating that he got super busy and couldn’t attend, and would like to reschedule. This is a major red flag, but I can’t help but feel that I am missing out since this role pays 50% over what I currently make. Should I let the recruiter know? What’s your take on this?

like

I was scooting around some podcasts and found a podcast addressing “ageism” in hiring! Im just wondering is this a thing? In the podcast the author stated some hiring managers won’t hire under 25 or over 60. Thoughts on this.

like

Who is hiring?

like

Has anyone transitioned from Strategic Sales to Corporate Strategy? I love the strategic thinking and problem solving in sales and want to transfer those skills to a corporate role where I can have more influence on my company’s strategy and investments.

like
like

I'm shameless! Who wants to hire me? Full cycle corporate and commercial real estate sales rep who wants to get into BDR/SDR roles. #ninja

like

Hey fellow professionals, how do y’all feel about cover letters? Are they truly necessary or should I only do them when required?

like

Looking for licensees banker to join chase bank in clearwater area?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal