A Legal Pyramid Scheme - Financial Consultant Equitable Employee Review

1.0
Mar 9, 2022
Recommend
CEO approval
Business Outlook

Pros

They sponsor you to get your financial licenses which if you can't get an elite company to pay for you, you get $500 or so if you pass half of them and it's worth finishing off anyways if you're serious about pursuing a career in finance.

Cons

Cognitive Dissonance forever. It's a legal pyramid scheme that hypes you up as wealth management financial professionals but in reality you're cold calling random school teachers trying to get them to invest in a 403b so you can split the commission with your boss. You don't even get a guaranteed salary until you make like $3000 in commission after the first year. Senior management is nonexistent except to give random trainings which are just hour long motivational speeches on getting creative on "prospecting" aka finding friends and family to ask to invest.

Explore other reviews about Equitable

5.0
Jul 9, 2026
Recommend
CEO approval
Business Outlook

Pros

Great entry level job - they pay for licenses and have a formal training program to introduce you to the industry.

Cons

Comp is variable and based on territory performance. The territory you are placed in greatly impacts your trajectory.

4.0
Jul 16, 2026
Recommend
CEO approval
Business Outlook

Pros

acceptable salary. leaders are good

Cons

........yahoo nothing to say really

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