While the Bureau of Labor Statistics has forecasted an increase in the demand for financial services, which will continue to grow, New York Life will try to meet that challenge by hiring more than 3,700 insurance and financial professionals this year alone, according to a press release.
The Fortune 100 company will also be focused on making sure that more than half of these new hires will be women or “individuals who represent cultural communities.” The company currently employs around 12,000 agents in the U.S., many of whom have qualified for the Million Dollar Round Table (MDRT) and have helped place the insurer among the top companies with representatives in that sales organization.
“For results-driven professionals, New York Life offers a career where individuals can create their own work schedules and find pride in assisting families and businesses in their own communities. They will also find a career that offers them support of full-time managers and trainers in every office, backed by a company investing heavily in digital tools and technologies to help them succeed,” said Mark Madgett, senior vice president and head of New York Life’s field force on the press release.
In it, the company also states that in 2015, 69 percent of their new hires were women or individuals who represent cultural markets “and the company will continue its focus on hiring and supporting women and individuals serving the African-American, Chinese, Korean Latino, South Asian, and Vietnamese communities in the United States.”
New York Life also said that insurance and financial professionals serving the cultural markets accounted for 51 percent of the company’s new life insurance sales in 2015.
For more information, visit New York Life’s recruiting website here.