Nationwide Financial

  www.nationwidefinancial.com
  www.nationwidefinancial.com

Nationwide Financial Reviews

Updated October 17, 2014
Updated October 17, 2014
67 Reviews
3.8
67 Reviews
Rating Trends

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Approve of CEO
Nationwide Financial CEO Steve S. Rasmussen
Steve S. Rasmussen
21 Ratings

Review Highlights

Pros
  • Sometimes the work/life balance could be better (in 6 reviews)

  • Great people and a great leadership team (in 5 reviews)


Cons
  • You may not get rich at Nationwide, but you can make good money and have a work life balance (in 3 reviews)

More Highlights

29 Employee Reviews Back to all reviews

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  1.  

    salar

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Nationwide Financial

    Pros

    good work life balance and culture

    Cons

    Too laid back for my taste

  2.  

    Great employer to start your career in finance!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Analyst, Internal Sales and Services in Dublin, OH
    Former Employee - Senior Analyst, Internal Sales and Services in Dublin, OH

    I worked at Nationwide Financial full-time (more than 3 years)

    Pros

    The employee benefits package is excellent, leadership, is very supportive of individual needs, and compensation is just average.

    Cons

    No real opportunities for advancement because management positions rarely open and when they do they will consider individuals with management experience first. It is also difficult to change career paths in the organization.

    Recommends
    Positive Outlook
    No opinion of CEO
  3.  

    Great place to start a career

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Customer Service Representative in Dublin, OH
    Former Employee - Customer Service Representative in Dublin, OH

    I worked at Nationwide Financial as a contractor (less than an year)

    Pros

    A friendly work environment
    A good amount of team bonding

    Cons

    I wasn't given a lot of training and I had to ask for more.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Nationwide

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Nationwide Financial as an intern (less than an year)

    Pros

    Office culture was good, the benefits and salary were average.

    Cons

    Promotion potential was lacking, and middle management was not always the best at providing direction.

    Recommends
    Neutral Outlook
    Approves of CEO
  6.  

    Entry level to novice opportunity

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Producer in Atlanta, GA
    Current Employee - Producer in Atlanta, GA

    I have been working at Nationwide Financial full-time (less than an year)

    Pros

    Prospecting existing client base volume

    Cons

    Below industry standard commission rates

    Advice to ManagementAdvice

    Step up commission level for producers

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Great Internship

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - IT Analysis in Columbus, OH
    Current Employee - IT Analysis in Columbus, OH

    I have been working at Nationwide Financial part-time (more than an year)

    Pros

    management, team oriented, technology, organized, importance on interns

    Cons

    Little, work, contract, work, nothing else

    Advice to ManagementAdvice

    Involve everyone in the team.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Great Place to Learn and Grow

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Associate Actuary in Columbus, OH
    Current Employee - Associate Actuary in Columbus, OH

    I have been working at Nationwide Financial full-time (less than an year)

    Pros

    I've been impressed with the transparency that upper management gives regarding earnings and expenses. They also do a great job through out the year telling you how the bonus structure looks (done quarterly). I was even surprised when HR sent out emails telling everyone that they should up their 401(k) because bonuses are given out and that money is not put into the 401(k) automatically.

    The company is doing very well. Nationwide has 2 pillars P&C (auto, home, commercial, ect.) and Life (financial, life insurance, annuities, group & health, ect.) They earn about the same revenue each year now making Nationwide the most diverse insurance company in America. I really am confident that there is no single one even that can completely destroy this company (well there could be, but I think everyone in the nation/world would have a lot bigger issues than how my employer is doing). Nationwide also has many more products with special risk, vet pet insurance, agribusiness and much more.

    The pay isn't to bad either, at least where I sit. I was able to get a raise when I moved here from another company. I feel like they are competitive and overall work to get you to a point that is equal to your peers. Nothing is perfect, but they do try by being transparent with paybands. Each job has a payband of A-H. H being AVP level and up. Bonuses start at Level A. A-C at 1.5%, D-F at 2.0%. G&H use a different bonus model that is dependent on the earnings of your department and not just the enterprise. G bands get 5% and H bands much more. All bonuses are multiplied by a factor 0 through 2 based on metrics. We've done well the last few years. getting over a 1.5 for 2013.

    Work life balance is pretty good. Depending on your level and department some may work more than others. I was a consultant before and the balance can not even be compared. I can leave after 8 hours if I want/need.

    Vacation time is PTO and dependent on PayBand Level and years of experience.

    401(k) is 3% on 6%. Nationwide has a pension that basically gets you to the other 3%. I verified that through using my actuarial background/experience.

    Engagement is very important and they do surveys every year. Often times rewarding teams upper management for good engagement.

    There are perks like blue jackets tickets and other engagement activities throughout the year.

    Cons

    Getting into Nationwide can be somewhat difficult if you didn't land here out of college. Many times they hire within and then fill low positions with new people out of college typically or people willing to go down a level. I fortunately didn't have to go down a level, but I received a very hard interview process to get the job. In my opinion harder because I wasn't a Nationwider.

    Health Benefits are eh. They have lots of coverage but now use high deductible plans and then fund back with HSA's. They also make people jump through hoops with fitness plans and health numbers to get money back. Spouses with coverage at their employer will have to pay more to get on the Nationwide plan.

    401(k) could be better, but is on par wit the industry.

    Career discussions really rely on your manager and I can see how people could get lost in a large company.

    Actuarial program is good on study time, but bad on pay and bonuses. They use a $500 per hour model which is the lowest I've ever seen. Most companies are $700 and my previous employers moved to $1,000.

    Advice to ManagementAdvice

    HR is implementing a career focus plan. Please use this and actually talk to your employees about their career instead of just living in the moment. Also if you want to cut expenses, don't worry about printing, worry about our complex distribution and focusing on DIRECT sales.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Plenty of opportunities

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Nationwide Financial full-time (more than 3 years)

    Pros

    There was plenty of training for my position, and, depending on which department you are in, there are plenty of opportunities for growth. As with any large company, it helps to try to stand above the rest.

    Cons

    It's easy to feel lost the crowd.

    Advice to ManagementAdvice

    Maintain transparency about departmental changes.

    Recommends
    Neutral Outlook
    No opinion of CEO
  10.  

    Happy

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Nationwide Financial

    Pros

    great company, the people are fantastic.

    Cons

    fluctuation pay which makes maintaining an income difficult.

  11.  

    Depends on Which Department

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Pension Specialist in Columbus, OH
    Current Employee - Pension Specialist in Columbus, OH

    I have been working at Nationwide Financial full-time (more than 3 years)

    Pros

    Great Company, Good Team, most people work hard. The compensation is high for a Midwestern company. Very little overtime required.

    Cons

    One's experience at Nationwide is highly contingent on the department and business division. Annuities is awful where the margins are low and both employee and management education is relatively low or not apparent. Retirement plans was a great Department. High margins, section of the market cornered. Corporate culture rules in all departments.

    Advice to ManagementAdvice

    Flatten the hierarchy (remove tiers), empower employees, improve career development.

    Recommends
    Neutral Outlook
    Disapproves of CEO

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