Northwestern Mutual

  www.northwesternmutual.com
  www.northwesternmutual.com

Northwestern Mutual Reviews

Updated November 18, 2014
Updated November 18, 2014
1,456 Reviews
3.7
1,456 Reviews
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Northwestern Mutual Chairman and CEO John E. Schlifske
John E. Schlifske
289 Ratings

Review Highlights

Pros
  • If you are one of the few that make it (5%), there is unlimited income potential (in 56 reviews)

  • Unlimited earning potential, full autonomy with work (in 37 reviews)


Cons
  • Will have to sell life insurance to friends and family which could be awkward for some (in 117 reviews)

  • There is no base salary so getting started is very difficult (in 46 reviews)

More Highlights

174 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    College Financial Rep Internship Program

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - College Financial Representative in Greenwood Village, Arapahoe, CO
    Former Employee - College Financial Representative in Greenwood Village, Arapahoe, CO

    I worked at Northwestern Mutual as an intern (less than an year)

    Pros

    Northwestern Mutual tries to do a good job of developing the financial sales skills through classes at the beginning of the program. They show you how to leverage your network to gain meetings. Their motto was to gain a meeting through any means necessary.

    Cons

    They seem to have the internship program for leveraging your own network for their needs than to help you. They want to get the people you know as clients and this program is a great way for creating business. They do give you the opportunity to leverage younger adults by just putting in the time and moving up in the company. Unfortunately that will take years and for one summer you literally are just trying to bring your friends and family in as clients.

    Advice to ManagementAdvice

    Pay your interns better so it doesn't seem like the commission base is there to leverage your network.

    Doesn't Recommend
    Approves of CEO
  2.  

    Great Company, Tough Business

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

    I have been working at Northwestern Mutual as a contractor (more than an year)

    Pros

    Solid company and truly committed to the policyholder. Great professional development as well.

    Cons

    Very competitive environment. Used to weed out those who do not fit the company's mold. Not very nurturing if you are not viewed as a rising star. No real support if you do not bring the company significant business. Can easily lose prospective growth if you are not in the right financial income markets from the start. If you do not have income to fall back on during the growth phase of your business, you can easily go into debt with this company because its purely commission only and there is no draw to help see you through.

    Advice to ManagementAdvice

    Must find a better way to sustain new reps. Charging first year reps for everything under the sun before they can truly develop their business is a sure way to lose great talent.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3.  

    If you are absolutely sure that you want to sell insurance products, go for it. If not, stay far away.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - College Financial Representative in Raleigh, NC
    Former Employee - College Financial Representative in Raleigh, NC

    I worked at Northwestern Mutual as an intern (less than an year)

    Pros

    I loved the opportunity to learn about life insurance and the basics of financial planning. If you have any desire to learn from the company, work for this company. Lots of great mentoring and networking opportunities.

    Cons

    They say you are your own boss, but the college direction was breathing down your neck, watching your every move. No room for independence as they claim. Not an encouraging environment for women. Generally, men do sales, women do the HR.

    Advice to ManagementAdvice

    Create a better environment between work colleagues. Create a warmer environment for women. Get a new architect for your workplaces. (The offices were depressing.)

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
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  5.  

    Not for someone who doesn't have the passion to sell insurance to friends and family

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Representative Intern in Pleasanton, CA
    Former Employee - Financial Representative Intern in Pleasanton, CA

    I worked at Northwestern Mutual as an intern (less than an year)

    Pros

    Great People, very flexible schedule and learned a lot about professional communication

    Cons

    Making you sell financial products to your family isn't not the best way to build a reputation for your company

    Advice to ManagementAdvice

    Pay your interns better. It is sad that a multibillion dollar company does not give off better pay for their interns

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  6.  

    Internship Program

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Representative in Richmond, VA
    Current Employee - Financial Representative in Richmond, VA

    I have been working at Northwestern Mutual as an intern (less than an year)

    Pros

    Unlimited income potential, office culture, ten week program (test drive the industry)

    Cons

    Phoning, contacting family/friends, little work/life separation

    Advice to ManagementAdvice

    Better one week sales training for the internship

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  7.  

    OK for a first internship

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Representative in Los Angeles, CA
    Current Employee - Financial Representative in Los Angeles, CA

    I have been working at Northwestern Mutual as an intern (less than an year)

    Pros

    The other people working there are very sociable and helpful. The company takes care to pay attention to the interns. Also in regards to compensation, it is theoretically unlimited. The more clients you acquire, the more you make.

    Cons

    Training days are long, boring, and not applicable to the actual job. Then, the company expects you to acquire your family and friends as clients (aka sell them a life insurance policy).

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8. 1 person found this helpful  

    Financial Representative Intern

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Northwestern Mutual as an intern

    Pros

    Good product to sell, friendly staff

    Cons

    Expectations of interns were not clear; paint it as a "finance internship" when in reality they want you to contact all your immediate family to discuss your internship, then bring a full time rep with you to hard sell them.

    No opinion of CEO
  9.  

    DIssapointing.

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

    I worked at Northwestern Mutual full-time (more than an year)

    Pros

    Company has a good reputation as far as their products go.

    Cons

    Management has tunnel vision. It's their way or the highway. When they are in a crisis and you help them out, there is no simple "thanks for your help." They don't want to hear suggestions to help them. Also, when they are recruiting you, they leave out a lot of things that you are required to do until you are hired then it's too late to back out, because you need the job.

    Advice to ManagementAdvice

    Be more honest.

  10. 1 person found this helpful  

    Felt Used

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    Current Employee - Financial Representative
    Current Employee - Financial Representative

    I have been working at Northwestern Mutual as an intern (less than an year)

    Pros

    Freedom of work schedule
    Gives you internship experience on resume
    They will pretty much accept anyone

    Cons

    Salary is commission based.
    Interns are pretty much used for their contacts.
    Bad products.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  11.  

    Outstanding company with supurb advisors.

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Northwestern Mutual

    Pros

    Best place to work, great training. While most company are cutting cost for training this company is spending $30 million!

    Cons

    If you choose somewhere else to work!

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