Scam! - Financial Professional AXA Employee Review

The management at AXA are a bunch of liars and crooks. They make absurd claims like you'll make $250,000 your first year. The pre-employment phase (PEP) is basically a slave labor racket which exploits the ambitions of recent college graduates. What they don't tell you in the "interview" process is that most people do not make it out of PEP and those who do make essentially no money for 5 months. Moreover, the amount of time and effort that they demand out of you during PEP is absurd considering that they pay you absolutely nothing. There are dozens of boutique firms in Manhattan where you can do the same exact thing and have significantly more autonomy. On your first day in the office, you find out that, in order to go on contract, you have to obtain licenses in multiple states which you have to pay several hundred dollars for out of pocket. Also, financial advisers at AXA are really just glorified insurance salespeople. The "advisers" at AXA push life insurance on everyone (even people who clearly don't need it) because that is where the most commissions are obtained. If you are interesting in selling stocks, bonds, and mutual funds, forget about working here. To be sure, private wealth management is a potentially lucrative field. If you are truly interested in the industry there are far more reputable firms that you can and should consider: Morgan Stanley, Meryl Lynch, UBS, Charles Schwab, Fidelity, Edward Jones, etc. Stay away from AXA.... far away!