Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
New York Life Insurance salaries
New York Life Insurance salary estimate
$62,006yearly
Understanding New York Life Insurance Salaries
The salary structure at New York Life Insurance reveals notable disparities depending on role and department. The average annual salary of $62,006 masks significant variations within the company. For example, positions such as senior associate and recruitment director command higher salaries, averaging $95,965 and $90,227 respectively. In contrast, entry-level roles like customer service representative earn around $34,543.
Salaries by Department
Departments like engineering and IT tend to offer higher average salaries—$95,394 and $89,343 respectively. This contrasts sharply with lower-paying departments such as customer service and administration, where averages are $40,123 and $45,816. The competitive compensation landscape at New York Life Insurance reflects the cost of living in New York, impacting overall salary structures.
Comparison with Competitors
When compared to competitors like Morgan Stanley and Citi, the salary offerings at New York Life Insurance are relatively competitive, though Morgan Stanley leads with an average salary of $103,933.
Highest paying jobs at New York Life Insurance
The highest paying jobs at New York Life Insurance are senior associate, recruitment director, sales manager, and partner. Senior associate jobs at New York Life Insurance earn an average yearly salary of $95,965, New York Life Insurance recruitment director jobs average $90,227, and New York Life Insurance sales manager jobs average $90,059.
The lowest paying New York Life Insurance roles include customer service representative and receptionist. New York Life Insurance customer service representative average salary is $34,543 per year. So while the average New York Life Insurance salary is $62,006 there is a big variation in pay depending on the role.
Highest paying jobs at New York Life Insurance
| Rank | Job title | Average New York Life Insurance salary | Hourly rate |
|---|---|---|---|
| 1 | Senior Associate | $95,965 | $46.14 |
| 2 | Recruitment Director | $90,227 | $43.38 |
| 3 | Sales Manager | $90,059 | $43.30 |
| 4 | Partner | $86,390 | $41.53 |
| 5 | Consultant | $84,984 | $40.86 |
| 6 | Sales Person | $81,431 | $39.15 |
| 7 | Finance Advisor | $78,037 | $37.52 |
| 8 | Business Analyst | $74,372 | $35.76 |
| 9 | Accountant | $65,296 | $31.39 |
| 10 | Finance Professional | $63,770 | $30.66 |
| 11 | Account Executive | $63,308 | $30.44 |
| 12 | Registered Representative | $62,832 | $30.21 |
| 13 | Recruiter | $61,921 | $29.77 |
| 14 | Agent | $61,401 | $29.52 |
| 15 | Technical Support Specialist | $58,975 | $28.35 |
| 16 | Secretary | $57,097 | $27.45 |
| 17 | Office Manager | $55,771 | $26.81 |
| 18 | Service Associate | $50,097 | $24.09 |
| 19 | Recruiting Coordinator | $47,937 | $23.05 |
| 20 | Internship | $41,998 | $20.19 |
Rate New York Life Insurance's fairness in compensating employees.
Average New York Life Insurance salary by state
New York Life Insurance pays the highest salaries in New York due to higher costs of living and competition in the state.
| Rank | State | Average New York Life Insurance salary | Hourly rate |
|---|---|---|---|
| 1 | New York | $87,045 | $41.85 |
| 2 | Massachusetts | $79,227 | $38.09 |
| 3 | District of Columbia | $76,879 | $36.96 |
| 4 | New Jersey | $72,682 | $34.94 |
| 5 | Minnesota | $72,588 | $34.90 |
| 6 | Wisconsin | $70,026 | $33.67 |
| 7 | Illinois | $69,977 | $33.64 |
| 8 | Kansas | $68,093 | $32.74 |
| 9 | Colorado | $68,006 | $32.70 |
| 10 | California | $66,906 | $32.17 |
| 11 | Texas | $65,266 | $31.38 |
| 12 | Pennsylvania | $65,235 | $31.36 |
| 13 | Virginia | $65,103 | $31.30 |
| 14 | Michigan | $65,020 | $31.26 |
| 15 | Florida | $61,628 | $29.63 |
| 16 | Georgia | $61,231 | $29.44 |
| 17 | Oklahoma | $56,602 | $27.21 |
How much does New York Life Insurance pay by location?
Highest paying New York Life Insurance locations
| Rank | Location | Average New York Life Insurance salary | Hourly rate |
|---|---|---|---|
| 1 | New York, NY | $87,039 | $41.85 |
| 2 | Norwalk, CT | $75,249 | $36.18 |
| 3 | Spokane, WA | $74,593 | $35.86 |
| 4 | Jersey City, NJ | $72,749 | $34.98 |
| 5 | Milwaukee, WI | $70,116 | $33.71 |
| 6 | Chicago, IL | $70,089 | $33.70 |
| 7 | Fargo, ND | $69,103 | $33.22 |
| 8 | Denver, CO | $68,096 | $32.74 |
| 9 | San Jose, CA | $67,250 | $32.33 |
| 10 | Raleigh, NC | $67,181 | $32.30 |
| 11 | Scranton, PA | $65,627 | $31.55 |
| 12 | Falls Church, VA | $65,563 | $31.52 |
| 13 | Dallas, TX | $65,374 | $31.43 |
| 14 | Grand Rapids, MI | $64,686 | $31.10 |
| 15 | Tampa, FL | $61,529 | $29.58 |
| 16 | Alpharetta, GA | $61,327 | $29.48 |
| 17 | Knoxville, TN | $60,705 | $29.19 |
| 18 | Clovis, NM | $56,972 | $27.39 |
| 19 | Reno, NV | $56,207 | $27.02 |
Do you work at New York Life Insurance?
Were you satisfied with New York Life Insurance's salary and benefits?
New York Life Insurance salaries by department
Salaries at New York Life Insurance vary depending on the department you work in. New York Life Insurance salaries in the engineering department are the highest with an average salary of $95,394. Employees in the it department at New York Life Insurance receive relatively high salaries as well, with an average salary of $89,343 per year. Departments that don't pay as well at New York Life Insurance include the customer service and the administrative organizational functions, with employees earning average salaries of $40,123 and $45,816, respectively.
Average New York Life Insurance salary by department
| Rank | Department | Average New York Life Insurance salary | Hourly rate |
|---|---|---|---|
| 1 | Engineering | $95,394 | $45.86 |
| 2 | IT | $89,343 | $42.95 |
| 3 | Accounting | $84,071 | $40.42 |
| 4 | Marketing | $70,840 | $34.06 |
| 5 | Sales | $65,806 | $31.64 |
| 6 | Finance | $62,345 | $29.97 |
| 7 | Human Resources | $58,106 | $27.94 |
| 8 | Administrative | $45,817 | $22.03 |
| 9 | Customer Service | $40,124 | $19.29 |
How much does New York Life Insurance pay by department?
Best paying New York Life Insurance sales salaries
| Rank | Position | Average New York Life Insurance salary | Hourly rate |
|---|---|---|---|
| 1 | Sales Agent | $80,044 | $38.48 |
| 2 | Insurance Agent | $67,507 | $32.46 |
| 3 | Account Executive | $63,308 | $30.44 |
| 4 | Sales Representative | $56,513 | $27.17 |
| 5 | Account Associate | $49,938 | $24.01 |
| 6 | Insurance Representative | $39,851 | $19.16 |
Best paying New York Life Insurance finance salaries
| Rank | Position | Average New York Life Insurance salary | Hourly rate |
|---|---|---|---|
| 1 | Actuary | $108,996 | $52.40 |
| 2 | Actuarial Assistant | $106,376 | $51.14 |
| 3 | Actuarial Associate | $104,156 | $50.08 |
| 4 | Investment Advisor | $94,851 | $45.60 |
| 5 | Consultant | $84,984 | $40.86 |
| 6 | Senior Analyst | $84,941 | $40.84 |
| 7 | Finance Advisor | $78,037 | $37.52 |
| 8 | Claims Analyst | $74,018 | $35.59 |
| 9 | Finance Professional | $63,770 | $30.66 |
| 10 | Claim Specialist | $63,158 | $30.36 |
| 11 | Registered Representative | $62,832 | $30.21 |
| 12 | Claim Processor | $55,404 | $26.64 |
| 13 | Claims Representative | $45,136 | $21.70 |
| 14 | Insurance Specialist | $35,347 | $16.99 |
Best paying New York Life Insurance administrative salaries
| Rank | Position | Average New York Life Insurance salary | Hourly rate |
|---|---|---|---|
| 1 | Administrator | $82,082 | $39.46 |
| 2 | Administrative Manager | $78,339 | $37.66 |
| 3 | Data Entry Associate | $64,501 | $31.01 |
| 4 | Student Internship | $60,222 | $28.95 |
| 5 | Secretary | $57,097 | $27.45 |
| 6 | Office Manager | $55,771 | $26.81 |
| 7 | Administrative Assistant | $41,370 | $19.89 |
| 8 | Office Assistant | $37,409 | $17.99 |
| 9 | Receptionist | $35,511 | $17.07 |
| 10 | Data Entry Clerk | $35,093 | $16.87 |
| 11 | Mail Clerk | $32,923 | $15.83 |
New York Life Insurance competitors’ average salaries
Average salaries at New York Life Insurance competitors, like Morgan Stanley, Citi, and Piper Jaffray, vary. Morgan Stanley employees earn the highest salaries, with an average yearly salary of $103,933. The average salary at Citi is $75,483 per year, and the average salary at Piper Jaffray is $73,442 per year.
Highest paying New York Life Insurance competitors
| Rank | Company name | Zippia score | Average salary |
|---|---|---|---|
| 1 | Morgan Stanley | 4.6 | $103,933 |
| 2 | Citi | 4.6 | $75,483 |
| 3 | Piper Jaffray | 4.8 | $73,442 |
| 4 | Federal Deposit Insurance | 4.8 | $71,995 |
| 5 | MassMutual | 4.3 | $68,354 |
| 6 | Mutual of Omaha | 4.7 | $62,751 |
| 7 | Aetna | 4.5 | $61,847 |
| 8 | Equitable Holdings | 4.8 | $61,005 |
| 9 | Prudential Retirement Insurance And Annuity Co | 3.5 | $60,890 |
| 10 | Prudential Financial | 4.8 | $59,696 |
| 11 | Transamerica Corporation | 4.1 | $58,757 |
| 12 | American Income Life Insurance | 4.2 | $56,550 |
| 13 | Western & Southern Financial Group | 4.8 | $55,656 |
| 14 | MetLife | 4.4 | $52,477 |
| 15 | American Family Insurance | 4.5 | $52,133 |
| 16 | Bankers Life Insurance Company | 4.5 | $50,274 |
| 17 | Aflac | 4.4 | $49,956 |
| 18 | Northwestern Mutual | 4.5 | $49,484 |
| 19 | M&T Bank | 4.7 | $45,852 |
| 20 | Farmers Insurance | 4.4 | $43,125 |
Recently added New York Life Insurance salaries
| Job | Location | Date added | Salary |
|---|---|---|---|
| Associate, Technology Audit | New York, NY | 06/28/2025 | $62,400 |
| GBS Claim Operations Director, AI Solutions & Business Insights | Farmington, CT | 06/28/2025 | $120,000 |
| Content Marketing, Institutional Senior Associate | New York, NY | 06/28/2025 | $90,000 |
| Corporate Vice President | Philadelphia, PA | 06/28/2025 | $152,735 |
| Experience Specialist-Retail Annuities | Enon, OH | 06/28/2025 | $30,000 |
What employees say about salary at New York Life Insurance
The company had really good training and offer a lot of opportunities
turn around time for policies approvals was a little too long.
the awards for meeting quotas
There are many areas with different ways to grow within the company
There is a lot of favoritism which takes opportunities away from people who genuinely work hard.
Work from home opportunity
diversity / challenge
not enough physical training in the field
enlightening of something new
Flexibility, benefits, remote, culture, professionalism.
pay, covid test mandate
401 k
Reputable company
Cutthroat and commission based pay
Retirement plans and health benefits
Being able to control my own Schedule
Commissions based pay.
Schedule work from home opportunity and work life balance. Incentives and company trips.
Helping People
Inconsistent pay
working with people, helping people, different every day
Once you are in management, life is pretty easy and well paid.
To get to management is extremely difficult because you need to go through the sale route to get there.
Time off
Flexibility
The commission instead of a fixed salary
Besides the flexibility, the company gives a lot of opportunity to grow and also great social life
New York Life is the strongest mutual insurer in the country. They provide great training and support to their agents to go out and succeed in the field of financial sales. Any sales minded, self-starter who's willing to follow a tried and true system can build a great career at New York Life providing protection, investment and retirement focused financial solutions.
Frequently asked questions about New York Life Insurance salaries
Search for jobs
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.