Do Your Research!! - Financial Consultant Equitable Advisors Employee Review

- It is literally the exact business model of a pyramid scheme. Seniors "hire" juniors who just cold call everyday and get meetings booked for the seniors. Juniors get paid little to nothing and usually quit after 1 year. The seniors don't have to pay them anything after they quit so there is a benefit to seeing juniors fail. - Through your first year you will make about $10,000. Second year about $25,000. And that is considered being on track. Absolutely no way to sustain living in NYC on that pay. - Your start is very closely tied to your manager. DO YOUR RESEARCH on them. If they are bad at closing business you will make NO money. Mine was terrible and blew multiple sales - For your first 2-3 years you will do the same thing every single day: Cold call people who want nothing to do with Equitable because they either don't know what it is or know that bad reputation it has. - Very slimy in the sense that you basically have to lie/con these random people into taking meeting with you - Culture is terrible. All the junior consultants absolutely hate being there because they are basically working for free. My first month there I heard someone say "would you rather work here or be unemployed", another answered "unemployed because I'd be making more money" and that is true!