Nightmare - Financial Advisor Equitable Advisors Employee Review

1.0
Dec 27, 2017
Recommend
CEO approval
Business Outlook

Pros

None. The worst job I have ever had by far.

Cons

Please do not make the same mistake I did. There is a reason AXA is a global fortune 500 company, but not a US fortune 500 company. Americans are smart enough to not buy into their lies. You may get a few people who feel sorry for you to buy a policy at first, but then it's all down hill. A few things you should know before working for AXA: no salary, over worked, no benefits, unprofessional managers, and micro managed. Staff avoid any questions about when salary starts, commission, etc until you have invested a thousand dollars of your own money. During the weekly training calls they call people out individually on how little they have sold. I do not know of any other company that thinks embarrassing their employees is effective. A manager who had never met me chewed me out over something I said over the training call with everyone listening. Just one example of the unprofessionalism. You will spend a thousand dollars of your own money, which is not refunded if you do not meet all of their requirements in the hazing phase. They tell you that you will learn about securities, but really they just push you to push your friends and family to buy term life insurance policies because they benefit AXA the most. Definitely be prepared to hardcore sell to all of your friends and family and be ready to lose some friends. They sell you on a dream job, but once you begin they make you feel trapped because of the money you have already invested and cannot get back. They lied about commission, telling me I would receive 100% of what I sold when in reality it is less than 1%. It's a work hard not smart career. The typical pyramid scheme where everyone over you is more concerned about there own book of business than helping you learn and build your own. There are much better insurance companies out there to work for that will actually coach and mentor you. If you want the same experience without costing a thousand dollars I suggest working for another pyramid scheme company that does not start you off a thousand dollars in the hole.

Explore other reviews about Equitable Advisors

5.0
Jul 2, 2026
Recommend
CEO approval
Business Outlook

Pros

Very fun work place and great work environment. Awesome incentive trips, great culture. Good management. Very motivational culture. Very lenient schedule depending on manager.

Cons

Bad pay within first couple of years. Back paying salary through "recovered commissions". Not much support in terms of finding clients.

1.0
Jun 26, 2026
Recommend
CEO approval
Business Outlook

Pros

Complete freedom to build your book of business anmd schedule.

Cons

Horrendous place to start. Managers run their own practice and have little to no time to actually help you outside of your joint meetings so you're on your own. They only give you 2 options to get clients, cold calling or their retirement benefits group through schools. Basically the whole advising piece is to just to sell life insurance and annuities. The support staff is thin so you're kind of on your own with paperwork and compliance docs. They just genuinely offer you nothing. No help with covering costs (you pay for all your licensing and marketing materials), they even charge you for using the company laptop and fees for programs you will never use. They will mislead you about the commission payouts and you only really get something if you get them to buy an annuity or life insurance. If you also have a remaining balance of any fees when you leave, they will literally sending you threatening letters demanding the money and threaten you with claims court if you don't pay it back.

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