Northwestern Mutual

  www.northwesternmutual.com
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Northwestern Mutual Reviews

Updated Jul 17, 2014
All Employees Current Employees Only

3.6 1,245 reviews

96% Approve of the CEO

Northwestern Mutual Chairman and CEO John E. Schlifske

John E. Schlifske

(189 ratings)

67% of employees recommend this company to a friend

Review Highlights

Pros
  • If you are one of the few that make it (5%), there is unlimited income potential(in 54 reviews)

  • Unlimited earning potential, full autonomy with work(in 36 reviews)


Cons
  • Will have to sell life insurance to friends and family which could be awkward for some(in 107 reviews)

  • No base salary, commission based work is one of challenge for me(in 40 reviews)

285 Employee Reviews Back to all reviews
Relevance Date Rating
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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    Internship

    Financial Services Intern (Former Employee)

    ProsThe pros of interning at Northwestern is that it gives you insight into the corporate world. You get to observe first hand how to handle clients and how to use certain software that can be useful in other positions. Because the company is so big, theres a variety of people that can help you and offer guidance. You could possibly earn a lot if you bring in a lot of new clients.

    ConsI worked under an agent so the internship was based more on sales and bringing in clients even if it came from family and friends which seemed a little invasive. The work was a little mundane as well.

    Advice to Senior ManagementHave better training programs to develop interns to work in positions where they can excel in.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Great company to gain professional experience, horrible to take home a paycheck

    Financial Representative (Former Employee) Jacksonville, FL

    ProsNationally recognized internship program. You get hands on experience dealing with clients and prospects and work with other financial reps to develop your practice. Great training program overall.

    ConsStrictly commissioned based pay, which is extremely difficult for a college grad. A lot of cold calling and rejection, and you feel like you're thrown to the lion's den when you meet with a client for the first time alone.

    Advice to Senior ManagementIf you want to retain talented reps, pay them a small base salary while they're getting their business off the ground.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Financial Analyst Intern

    Financial Analyst Intern (Current Employee) Newport Beach, CA

    ProsFlexible work time
    Friendly working environment
    Well-organized institution
    Full-package benefits

    ConsLack of training
    Less career opportunity
    Poor leadership
    Poor senior management

    No, I would not recommend this company to a friend

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    My experience was okay for my first job.

    Financial Representative (Former Employee) San Diego, CA

    ProsVery helpful and supportive. Good training program and fun environment to be in.

    ConsHave to spend a lot of money and time to be successful with this company.

    • Culture & Values
    • Work/Life Balance
    • Senior Management
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    • Career Opportunities
    • No Opinion of CEO

     

    Associate Financial Advisor

    Anonymous Employee (Former Employee)

    ProsTraining and Independence are good.

    ConsManagement and restrictions are narrow.

    No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Financial Representative

    Financial Representative (Current Employee) Detroit, MI

    Prosgreat internship! learn how to run a business at a early age. I was exposed to a lot of "adult" problems at a early age. which make me understand how important finances are.

    Job is PERFECT for a career changer with a good network.

    Cons100% commission. 100% your natural market. Life insurance driven... Most of my family and friends wont take my calls anymore because they think that I'm calling for business. I have lost all faith in mankind because everyone puts financial planning on the back burner.

    Advice to Senior ManagementLearn how to leverage the older reps with so many leads they cant call the all with the younger reps with not so many

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Good if you are in the right market

    Anonymous Employee (Current Employee)

    ProsReally get control of your own future.

    ConsYou need to know the right people in order to make it

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Sales internship review..or what they call a financial representative.

    Anonymous Employee (Current Employee)

    ProsIf you want to sell insurance to people you know then this is a great job. However most people don't want to have to call people they know to try to sell them insurance. Good training and place to start if you want to do something with sales.

    Cons100% commission based. So if you don't do well, you not going to be making much money. And if you do it still takes time to build up a decent client list.

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    True Sales

    Financial Advisor (Former Employee)

    ProsTruly unlimited income potential, flexible schedule, freedom to manage yourself most of the time. Helping people find financial peace is a plus, if it is done correctly and in the best interests of the customer.

    ConsZero-guarantees, no floor regarding pay, difficult compliance environment (this is an industry-wide issue), excessive overhead. Some representatives fail to think of the customer first and instead are focused on viewing them solely as revenue sources.

    Advice to Senior ManagementEstablish a compensation system that is not so unbalanced toward the delivery of one product.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Excellent company, difficult job

    Financial Representative Intern (Former Employee)

    ProsProfessional development, able to grow your own book of business/client base. Company values are found in every aspect of work with Northwestern Mutual. NM truly cares about the people they work with.

    ConsSelling life insurance and other financial services products is not for everyone. You and only you are responsible for developing leads and growing your client base. Plenty of time spent cold calling disinterested people. Did not like the pressure to sell to friends and family.

    Advice to Senior ManagementPlace a larger emphasis on growing your professional market beyond friends and family.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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