New York Life Management Fast Track Program
Are you looking for a job where you can use your experience to propel your career into management? At New York Life, we will invest in you from the start to help you learn and grow as a financial professional first. We’ll train you in valuable skills, such as marketing, business development, and customer relationship management, and provide you with the tools you need to further your career. Then we’ll train you and provide you with access to the tools you need for a career in management.
What we’re looking for
We’re looking for people who want to make a lasting impact on the financial well-being of individuals, families, and small businesses—motivated people who can answer yes to one of the following questions:
· Do you have sales or managerial experience in another industry?
· Have you previously run your own business?
· Do you have an MBA or other equivalent degree?
In the Accelerated Path to Management Program, you’ll start off as a financial professional, learning how to sell our products, building client relationships, and meeting specific requirements1 before transitioning into a management role. You’ll then undergo a six-month intensive training program designed to prime you for success as a manager. You will use that experience to understand how to recruit and coach others to success.
What we offer
Your First Year
You’ll learn firsthand about a financial professional’s role and day-to-day work by working as a financial professional for the first year of your career journey with New York Life. We will provide you with complete training, access to digital tools, and a comprehensive product suite.
Training and Resources
You will receive top-notch training that will give you an understanding and appreciation for the strength and value of New York Life. Beyond this training and support, New York Life will provide access to the resources you need to succeed day-to-day, including experts on hand to answer your questions and a suite of digital sales, prospecting and marketing tools that will help you attract and retain your clients with web, social and email content.
You will learn about our robust products and services that can help clients and their families achieve their financial goals. Together with its subsidiaries, New York Life provides a range of competitive insurance and financial products, including life insurance, annuities, long-term care insurance, disability income insurance, and investment products such as mutual funds through our broker-dealer, NYLIFE Securities LLC (member of FINRA and SIPC), a Licensed Insurance Agency. You will be required to hold securities licenses and FINRA registrations and affiliate with NYLIFE Securities as a registered representative before you can offer investment products.
Your Transition to a Field Manager Role
After meeting specific requirements for the first 12 months as a financial professional, you will enter a specialized six-month Associate Partner training program. We’ll help you to lead and build your team of financial professionals. Throughout your career journey with New York Life, you’ll continue to have opportunities to grow and be promoted to increasingly senior levels of management.
How we will compensate you
When you begin with New York Life as a financial professional*2, you will receive income that is commission-based.*3
If you meet the requirements and approvals to become an Associate Partner, you will receive a salary. The salary range for an Associate Partner is $60,000–$150,000 (in California, the salary range is $62,400–$150,000), plus you will be eligible for additional compensation related to the agents you recruit and develop (“R&Ds”). R&Ds are additional compensation that is designed to increase your income and to reimburse for any reasonable and necessary expenses we do not otherwise reimburse. You will also be eligible for medical, dental, and vision benefits, life, long-term disability, and accidental death and dismemberment coverages, a pension plan,*4 and a 401(k) savings plan.*5
New York Life will value and reward your hard work and success. You’ll have significant income potential over time, because our field managers’ compensation is directly aligned with their recruiting performance and the production level of their team of financial professionals. The average income among our 586 recruiters at all levels in 2021 was $270,890.*6
About New York Life
New York Life is a Fortune 100 company with a long history of doing good. We have been in business for over 175 years, helping generations of Americans protect their families and attain their financial goals. As a mutual company, we are accountable only to our policyholders, not to Wall Street or outside investors. We are focused on long-term success for our clients. To prepare for the future, we are constantly innovating and looking ahead to find more ways to increase value for our clients.
Awards & Accolades
We’re proud of our financial strength *7
· A++ Superior (A.M. Best)
· AAA Exceptionally Strong (Fitch)
· Aaa Exceptional (Moody’s)
· AA+ Very Strong (Standard & Poor’s)
We’re proud of our positions in the industry *8
· Training Magazine’s APEX Award for 2022
We’re proud to be recognized by organizations that also value diversity
· Latino Leaders: 2022 Best Companies for Latinos to Work For
· Human Rights Campaign: 2022 Corporate Equality Index
· Forbes 2022: America’s Best Employers for Diversity
We’re proud of the way we serve our clients *9
· 5.5 million lives protected (includes all owners of individual life insurance and annuity policies)
· $4.9 billion in living benefits awarded (includes life and annuity cash value accumulation and qualifying policy dividends paid. Dividends are not guaranteed.)
· $938 million lifetime annuity paid (includes all payouts on individual income annuity products)
· Over $1.1 trillion life insurance protection in force (includes term, whole, and universal life)
Job Type: Permanent
Pay: $134,000.00 per year
- Dental insurance
- Disability insurance
- Flexible schedule
- Health insurance
- Parental leave
- Tuition reimbursement
- Vision insurance
Supplemental pay types:
- Bonus opportunities
- Commission pay
Weekly day range:
- "Are you currently living in or moving to the State of Alabama? If not, please apply to the closet New York Life office where you currently reside. (Required)"
- Sales: 3 years (Preferred)
- Driver's License (Required)
- Series 7 (Preferred)
Work Location: In person