Old Mutual Life Assurance Company
4,0 out of 5 stars.
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Old Mutual Life Assurance Company Pay & Benefits reviews: Financial Advisor

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The worst wotking for old mutual is that the company does not look after its employees. For an example the company do not offer basic salary, its a commission based salary only. It is very difficult to survive months to months without getting paid some of the months due to lot of reasons, one of those reasons being lapses from a client.If it wasn't for the salary structure I would have been still working there till today.
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Theres a lot of room for growth, skills and qualification training programmes, needs dedication, hard work and be always eager to learn new things as we continuously learn.
Pros
Rewards and many other incentives
Cons
Hard work and long working hours, you work for your ow salary
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It was fine. But some managers must put personal issue aside special at work, and they must encourage education because education is the key in future. Thank You
Pros
Travel allowance, car allowance etc.
Cons
Long hours
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It is a nice company to work in and the people are friendly as well and they have a good team and we help one another and they have fairness in everything that they do
Pros
Free lunch
Cons
Long hours
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Working hours 8 till 4Pressured to have your clients in full weekly if not you get to sign a poor performance every weekToo much admin work to be done
Pros
Petrol allowance
Cons
Salary not fair
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A basic salary should be offeres for years of employment and commitment when building your practice. Cannot survive on commission only and therefor the loss of good experienced staff and replaced with young in experienced staff
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.Payment structure kept change resulting in us not getting paid at PFA.I would go back but in a different department.I loved the challenge but PFA no.
Pros
Working hours
Cons
Salary
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Don't do it, not a necessary place to work for, management us bad and you can go for months with no pay. The support system is not good and everyone resigns.
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We can support our family and be able to lwork individuals and be able to perform well. Working there as a financial advisor was the best job I ever had. I meet my target every week and every month. I get my bonuses every 3rd month. My job was challenging but I joy doing what I was doing without any push
Pros
Good salaries
Cons
Good benefits
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It's a good company to work for, you are your own boss u decide how much u want to earn, you have to build your own client base though, it will require you to get out of your comfort zone.
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Working at Old Mutual is the worst thing one can do... especially if you are qualified in other fields and end up working there due to lack of employment. You do all the ground work and top management gets all the fat cheques. You dont get paid some months and you still expected to perform with no basic salary or a salary at all. You are sold dreams when you go through the interview process and you only get to learn the spade work when you start working. Leaving Old Mutual mean debt follows you. They make you pay to the last training and meals they served you there. For such a big Company, it is actually treating it employees bad. All that leads to severe stress, non performance and the lowest rate of employee retention. 90% Employees resign from the 4th month normally.
Pros
Upmarket, beautuful and well maintained offices that end up empty
Cons
You have flexible working hours.
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Challenging but secure environment. There is room for growth both personal and as an employee. Hard work- long hours and extra efforts put but with great rewards.
Pros
Career development programs
Cons
Long hours
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Stressful but manageable. Flexibility, only stress is going out to the field to look for clients. Salary not guaranteed if don't meet your monthly target.
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I would not recommend to any one to work for old mutual broker, you subimit lot of work only to get a change, no opportunity to grow no traveling allowance no benefits it a waste of time
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The company is a good company to work for however the salary is poor. The atmosphere is good. It's diverse. If they work on the academy and ways to keep them it will be better.
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I loved working there so much, even when you don't find clients you don't feel discarriaged, mangers are very helpful indeed, and benefits are worth it
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Working at old mutual I can say its very stressful but pays very well because you get paid basic of about R8000 and also get paid bonuses for the work you put in.
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Old mutual is a good company with lot if benefits both for now you currently working and for refinement . Working at old mutual you need to be able to adapt easily beacuse is a very fast pased environment.
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Its good to work for old mutual. If they can not put tooo much pressure and treat employees to fire them And another thing they employ inexperienced advisor and pay them more salary tgan experience advisors.At client service there must be a booth number that is special for the advisors to do their claims Coz when we want to claim they treat us like clients we must stay on the Queue queue the queue
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Productive, fun and stressfull at the same time. I have learned how to work under pressure and in a team. I have learned how to manage time, learned many ways of handling challenges, and leadership skills as well. The hardest part about the job is to meet the target and keeping your thousands of clients in your books. The enjoyable part are outings, the functions and team outings.
Pros
Free Lunches and SNT
Cons
Long hours
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Sales skill and closing tips was the best lesson i had at the institution and team work. The benefits were the best too, relationship with people was the best
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