AxA for a lawschool grad?

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May 7, 2006 6:31 pm

I am 6 days away from graduating law school and while I will be taking the bar exam this summer, I'm interested in becoming a financial advisor (even though I do not have an undergraduate degree in finance).  One of my best friends is an FA at AxA in N.J.; he loves his job and highly recommends it.  Any suggestions/ comments on AxA?

May 7, 2006 7:32 pm

Work for AXA if:


1. you want to work for a large global financial services company with NO brand recognition in the US,


2. a strong internal push for you to sell ONLY their proprietary annuities and life insurance products,


3. you want to be nickle/ dimed for every monthly expense (200 for E&O insurance, 100 for computer, all postage/shipoping needs, 100 for software,etc,etc,etc,


4. you want to work for a glorified insurance company where your benefits are determined ONLY by the amount of AXA products you sell...


I could go on.... I worked there for over 3 years and realized about 12 months in that it wasnt the place for me long term..... Of course, your situation may determine thast is is an ideal option.....


good luck

May 7, 2006 10:22 pm

Thanks for the advice...  However, I fee as though I've heard the same tale of whoas about Axa from many other people (all on this forum).  I'm not sure whether or not to believe the horror stories. 


I was offered a position in a central N.J. office with supposedly great managers/co-employees.  Would this make a difference- or is it the lifestyle and atmosphere at Axa that just sucks?

May 8, 2006 10:07 am

law - AXA reps are not mentioned in the same sentence as Merrill Lynch FAs, LPL, etc.  Their products are horrible, as well as training, support, client service, reputation.  I don't recruit for them and I will not even try to recruit a rep out of there because they are, frankly, considered undesirable in the rest of the industry.  If you have your law degree, you are - I would assume - highly overqualified to go into AXA.  Shoot for a firm where you will have more than one arrow in your quiver.  Your friend may love it, but his/her jaw would hit the floor if they saw what was available at other firms.

May 8, 2006 10:16 am

"I was offered a position in a central N.J. office with supposedly great managers/co-employees.  Would this make a difference- or is it the lifestyle and atmosphere at Axa that just sucks?"


Let me guess- the Edison, NJ branch with good ol Beal/Deliso???? AXA in NJ has a stronghold on the TSA market becuase the RBG has been peddling annuities there for 25 years and the market share is impressive. At the end of the day, you are still expected to sling their proprietary annuities and insurance. Do yourself a favor- explore other options.

May 9, 2006 12:36 am

Again... Thanks for the input. 


Actually, the Axa office that I was referring to is in New Jersey, but outside of Philly (near Cherry Hill) - I forget the name of the town. 


Anyway, does anyone have any suggestions on which company's to apply to?- maybe a hierarchy or even a list of the top companys would be helpful. 

May 10, 2006 11:35 pm

LawGrad,


Why would a highly educated and intelligent person like you want to get a job which even a high school drop-out can get?


Why would you want to beg your relatives to buy low commission term policies instead of making $200/hr as a lawyer?

May 12, 2006 8:40 pm

AG Edwards, Smith Barney, Merrill Lynch, Edward Jones. Jones has the best rankings in reputation with clients, customer service, etc. But commonly made fun of by many people in the rest of the industry because they make themselves out to be a "clean firm" when in reality they have conflicts of interest and skeletons in their closets too. If you go to Jones, never come back on here again as you will be tortured.

May 12, 2006 10:48 pm

"AG Edwards, Smith Barney, Merrill Lynch, Edward Jones"


Two of those firms are large, industry-leading wirehouses... One is a well-respected regional/national firm... One is a joke...