Working At New York Life Insurance: Employee Reviews and Culture

The Culture At New York Life Insurance

Information provided by the company

Are you interested in a career with an industry leader If so, becoming a Customer Service Professional at New York Life is a perfect fit for you!

Are you interested in helping people protect their future Are you interested in a career with an industry leader If so, New York Life Insurance Company may be the company for you.

We are looking for customer focused accountable, efficient and engaged professionals who are dedicated to and guided by a commitment to service excellence.

Embrace diversity and inclusion, and demonstrate commitment to highest ethical standards

Understands and is excited by disruptive technologies

New York Life Insurance Overview

New York Life Insurance Company (NYLIC) is the largest mutual life-insurance company in the United States, and one of the largest life insurers in the world, ranking #88 on the 2014 Fortune 500 list with over $540 billion in total assets under management, and more than $19 billion in surplus and AVR. In 2007, NYLIC achieved the best possible ratings by the four independent rating companies (Standard & Poor's, AM Best, Moody's and Fitch). In June 2009, the same four rating companies reaffirmed New York Life's "superior" financial strength, which became a selling point in national TV ad campaigns that same year. The company is now one of only three life insurers to hold the highest ratings currently awarded to any life insurer by all four rating agencies (Moody's: Aaa, A.M. Best: A++. Standards & Poor's: AA+, Fitch: AAA. All of these are for financial strength. Other New York Life affiliates provide an array of securities products and services, as well as institutional and retail mutual funds.

The staff at New York Life Insurance come from unusually diverse demographic backgrounds. The company is 39.2% female and 42.7% ethnic minorities. The diversity in New York Life Insurance employees extends to employee political beliefs. Its employees are politically diverse and represent a balanced blend of political orientations, with 51.1% Democrats and 48.8% Republicans. Despite their political differences, employees at New York Life Insurance seem to be happy. The company has great employee retention with staff members usually staying for 3.9 years. The average employee at New York Life Insurance makes $59,051 per year. Pay at New York Life Insurance is significantly lower than some of its highest paying competitors, like Morgan Stanley, Brown Brothers Harriman, and Citigroup, which pay $117,587, $104,551, and $81,932, respectively.

Based in New York, NY, New York Life Insurance is an industry leader with 11,388 employees and an annual revenue of $44.1B.

The Organization’s Mission

Help individuals and businesses protect and preserve their financial security.

Perks of Working at New York Life Insurance

One on one training, field and on the job training as well as classroom. NYLIC University: One of the most comprehensive, award winning, and well-respected training programs in the financial services industry. Health/Dental/Life/Disability Insurance 401(k) plan and Defined Benefit Pension Plan. Reimbursement for courses taken on industry designations. Partial health benefits paid for in retirement. After two years as a Successful Financial Professional, the career advancement opportunities that may be available include: Partner, sales development manager, product consultant, and also home office opportunities.

Industry

Insurance

Revenue

$44.1B

Employees

11,388

Founded in

1845

Headquarters

New York, NY

Website

www.newyorklife.com

Organization Type

Private

Cutthroat and commission based pay

What Are Your Favorite Benefits/Perks?

Retirement plans and health benefits

Anonymous review of New York Life Insurance

Do you work at New York Life Insurance? Rate New York Life Insurance as an Employer.

How would you rate working at New York Life Insurance?

Work at New York Life Insurance? Share your experience anonymously.

What do you like about working for New York Life Insurance?

The Team At New York Life Insurance

Key People

Theodore A. Mathas

New York Life Insurance Company Rankings

New York Life Insurance is ranked #36 on the Best Insurance Companies to Work For in America list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

#36 in Best Insurance Companies to Work For in America
#5 in Best Insurance Companies to Work For in New York
#19 in Best Fortune 500 Companies to Work For in New York
#5 in Best Insurance Companies to Work For in New York, NY
#16 in Best Fortune 500 Companies to Work For in New York, NY

New York Life Insurance Salaries

How much does New York Life Insurance pay?

The national average salary for a New York Life Insurance employee in the United States is $59,051 per year. Employees in the top 10 percent can make over $114,000 per year, while employees at the bottom 10 percent earn less than $30,000 per year.

9.2

Salary Score

Average New York Life Insurance Salary

$59,051 yearly

$28.39 hourly

Updated December 14, 2021

$30,000

10 %

$59,000

Median

$114,000

90 %

Average Employee Earnings

Highest Paying Jobs At New York Life Insurance

Rank	Job Title	Avg. Salary	Hourly Rate
1	Director	$172,057	$83
2	Sales Manager	$125,263	$60
3	Sales Person	$123,995	$60
4	Senior Associate	$115,849	$56
5	Partner	$99,735	$48
6	Business Analyst	$99,560	$48
7	Technical Support Specialist	$86,655	$42
8	Finance Advisor	$85,291	$41
9	Account Executive	$76,296	$37
10	Consultant	$75,528	$36
11	Accountant	$68,726	$33
12	Service Associate	$64,323	$31
13	Recruiter	$61,815	$30
14	Registered Representative	$61,747	$30
15	Office Manager	$59,628	$29
16	Secretary	$48,872	$24
17	Finance Service Representative	$46,407	$22
18	Internship	$42,957	$21
19	Agent	$38,825	$19
20	Recruiting Coordinator	$37,210	$18

New York Life Insurance Demographics Summary

9.9

Diversity Score

We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce.

New York Life Insurance Gender Distribution

Male

61%

Female

39%

Research Summary. Using a database of 30 million profiles, Zippia estimates demographics and statistics for New York Life Insurance. Our estimates are verified against BLS, Census, and current job openings data for accuracy. After extensive research and analysis, Zippia's data science team found that:

New York Life Insurance has 11,388 employees.
39% of New York Life Insurance employees are women, while 61% are men.
The most common ethnicity at New York Life Insurance is White (57%), followed by Hispanic or Latino (16%) and Black or African American (11%).
New York Life Insurance employees are most likely to be members of the Democratic Party.
On average, employees at New York Life Insurance stay with the company for 3.9 years.
The average employee at New York Life Insurance makes $59,051 per year.

Jobs from companies you might like

Do you Work At New York Life Insurance?

Help us make this company more transparent.

New York Life Insurance Employee Political Affiliation

New York Life Insurance employees are most likely to be members of the Democratic Party. The largest donation made to a political party by a New York Life Insurance employee was by Theodore Mathas. Theodore Mathas donated $101,500 to the Democratic Party.

New York Life Insurance

Parties

Democratic Party

51.1 %

Republican Party

48.8 %

Libertarian Party

0.1 %

Employee Political Donations

Name	Job Title	Party	Donation
Theodore Mathas	Chief Executive Officer	Democratic Party	$101,500
John KIM	Executive	Democratic Party	$86,400
James Powell	Investment Banker	Republican Party	$78,010
Seymour Sternberg	Chief Executive Officer	Republican Party	$76,000
Sheila Davidson	Attorney	Democratic Party	$56,100
Christopher Blunt	Executive Vice President	Republican Party	$31,300
Thomas MacArthur	Executive	Republican Party	$31,050
Yolande Strawinski	Insurance Agent	Republican Party	$30,198
George Nichols	Senior Vice President	Democratic Party	$28,900
Jonathan Jaramillo	Managing Partner	Democratic Party	$27,900

New York Life Insurance Employment Videos

New Beginning | My New Career | New York Life Insurance

New York Life Insurance Financial Performance

9.8

Performance Score

We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Revenue

> $1B

Founded in

1845

Organization type

Private

How Would You Rate The Company Culture Of New York Life Insurance?

Have you worked at New York Life Insurance? Help other job seekers by rating New York Life Insurance.

New York Life Insurance Competitors

Some of the competitors of New York Life Insurance are Morgan Stanley, Brown Brothers Harriman, and Citigroup. The average salaries at Morgan Stanley rank the highest, with their employees earning an average salary of $117,587 per year. The salaries at Brown Brothers Harriman average $104,551 per year, and the salaries at Citigroup come in at $81,932 per year.

Company

Average Salary

Morgan Stanley

$118k$117,587

Brown Brothers Harriman

$105k$104,551

Citigroup

$82k$81,932

Federal Deposit Insurance

$79k$79,200

Prudential Financial

$65k$65,271

Massachusetts Mutual Life Insurance

$64k$63,938

Equitable Holdings

$63k$62,591

Lincoln Financial Group

$61k$61,468

MetLife

$56k$55,795

Aetna

$55k$54,713

$31k

$155k

Frequently Asked Questions about New York Life Insurance

When was New York Life Insurance founded?

New York Life Insurance was founded in 1845.

How many Employees does New York Life Insurance have?

New York Life Insurance has 11,388 employees.

How much money does New York Life Insurance make?

New York Life Insurance generates $44.1B in revenue.

What industry is New York Life Insurance in?

New York Life Insurance is in the insurance industry.

What is New York Life Insurance's mission?

New York Life Insurance's mission statement is "Help individuals and businesses protect and preserve their financial security."

What type of company is New York Life Insurance?

New York Life Insurance is a private company.

Who are New York Life Insurance's competitors?

New York Life Insurance competitors include Morgan Stanley, Citigroup, Brown Brothers Harriman, Aetna, Federal Deposit Insurance, Massachusetts Mutual Life Insurance ..., Equitable Holdings, Aflac, Northwestern Mutual, MetLife, M&T Bank, Prudential Financial, Bankers Life Insurance, Transamerica Service Company, American Family Insurance, Mutual of Omaha, Farmers Insurance Group, Western & Southern Financial Group, Allstate, Lincoln Financial Group.

Who works at New York Life Insurance?

Theodore A. Mathas (CEO)

Are You An Executive, HR Leader, Or Brand Manager At New York Life Insurance?

Claiming and updating your company profile on Zippia is free and easy.

Updated December 14, 2021

Zippia gives an in-depth look into the details of New York Life Insurance, including salaries, political affiliations, employee data, and more, in order to inform job seekers about New York Life Insurance. The employee data is based on information from people who have self-reported their past or current employments at New York Life Insurance. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by New York Life Insurance. The data presented on this page does not represent the view of New York Life Insurance and its employees or that of Zippia.

New York Life Insurance may also be known as or be related to NEW YORK LIFE INSURANCE CO, New York Life Foundation, New York Life Insurance, New York Life Insurance Co and New York Life Insurance Company.

Working At New York Life Insurance

The Culture At New York Life Insurance

New York Life Insurance Overview

New York Life Insurance Employee Reviews

What Do You Like About Working There?