Northwestern Mutual Reviews

Updated August 21, 2014
Updated August 21, 2014
1,295 Reviews

3.7
1,295 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Northwestern Mutual Chairman and CEO John E. Schlifske
John E. Schlifske
210 Ratings

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)

More Highlights

711 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Good place to start but not long term

    • 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 full-time for less than a year

    Pros

    Quiet work environment, nice people, benefits offered, multiple locations, good place to start

    Cons

    Low salary, long hours, boring, no room for advancement, overwhelming workload

    No opinion of CEO
  2.  

    World Class

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Northwestern Mutual

    Pros

    Income, Flexibility, Environment, Passion, Helping others.

    Cons

    Pay fluctuates. Nothing else really.

  3.  

    Best culture, leadership, and training

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

    I have been working at Northwestern Mutual full-time for more than a year

    Pros

    Work environment, visible leadership, mission, vision, values

    Cons

    If you aren't willing to put in the time and effort then it's not for you

    Recommends
    Positive Outlook
    Approves of CEO
  4. We want your feedback – Are these company reviews helpful to you?  Yes | No
  5.  

    The Honest Truth

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Staff  in  New York, NY
    Current Employee - Staff in New York, NY

    I have been working at Northwestern Mutual full-time for more than 3 years

    Pros

    Outstanding company values, always looks out for client, and does a ton of community service. Support is provided to you if they feel like you're actually going to make it. Lots of extra ways to make money that most people don't even know about so ask! If you survive this is a great career for parents because you can shape your schedule around your day which allows you to be home for your kids, but it's not happening after working there for 5 years, definitely 10 years down the road. It's an amazing opportunity for the right person but don't expect to find a ton of them every year, more like a few diamonds in the rough.

    Cons

    Highest turnover I've ever seen. You start out by selling to people you know and branch out from there. They offer you no base salary and give you minimums to hit. If you don't make them, you're out of there. Out of the 60 people they bring in a year, maybe 2 will be able to survive, and I guarantee, they were former interns. Upper management is given this large recruiting target to hit so they can keep their doors open and the recruiters are strung out from it. If you're a rep be prepared to not only get referrals for yourself, but also for the recruiters. Selling model is completely outdated and so is the recruiting model. Be prepared for a lot of nepotism. Lots of these young reps who are thriving are sons/daughters/nieces/nephews of senior reps who have passed down a majority of their practice. Not for finance people, its for outgoing people who don't mind getting rejected 70% of the time.

    Advice to ManagementAdvice

    Need to offer a small base salary to help people survive. Hard for recruiters to watch their hard work walk out the door after recruiting someone who leaves after 3 months. Only put people in leadership positions if they have done the business for more than 5 years and stop hiring consultants to come in and "help your teams". They haven't done the business in years either and offer outdated advice. Need to offer staff a little more money too. Everyone in an office, district or network, has a job to make the whole show go on, so they need to be given as much credit as the reps do.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  6.  

    Great company to work for, all of my co-workers are great people and treat their clients with integrity and respect.

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

    I have been working at Northwestern Mutual full-time for more than 3 years

    Pros

    The best life insurance company in the industry. Their values are above any other company out there. In my 3 years there has never been an instance where one of my coworkers has ever done anything that wasn't in the best interest of the client. That is the main reason I chose this company over the other financial service companies, plus they compensate you very well with their commission rates!

    Cons

    There is no base salary for the financial representatives, it is 100% commission.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Be aware of what you'll be doing.

    • 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 an intern

    Pros

    Good opportunity if you like sales.

    Cons

    They'll literally invite everyone to their interview, no matter what degree you have. They called themselves the best internship opportunity in the nation. However, all they make you do is cold-calling and sell people life insurance that they may not need, such as whole life to someone who doesn't have that much income. Eventually, the managers get the big cuts, and they won't really care about whether you sell products or not because it's 100% commission-based.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  8.  

    They promise a lot.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - FR Representative  in  Naples, FL
    Current Employee - FR Representative in Naples, FL

    I have been working at Northwestern Mutual full-time for more than a year

    Pros

    Friendly people and good environment.

    Cons

    High pressure to perform. Hard to get people underwritten.

    Advice to ManagementAdvice

    Pay people what you promise.

    Recommends
    Neutral Outlook
    No opinion of CEO
  9.  

    Financial Representative

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

    I have been working at Northwestern Mutual part-time for less than a year

    Pros

    It's a company that is very family oriented, they always look out for their own. You have a flexible work schedule and you earn as much as you produce, which is a great motivational tool.

    Cons

    It's definitely a tough start and can become discouraging if nothing seems to go your way.

    Recommends
    Neutral Outlook
    No opinion of CEO
  10.  

    Great place to get feet wet

    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Northwestern Mutual for more than a year

    Pros

    Training is hands on, detailed and quality associates to approach

    Cons

    Assistance with technology and procedures. Teach yourself environment

  11.  

    You get what you put in

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

    I have been working at Northwestern Mutual as an intern for less than a year

    Pros

    Great training, twice a week that will help keep you up to date on current information. Good support system that will help keep you accountable for your goals. Flexible day, its all based on how you set it.

    Cons

    Commission based + $100 a week stipend. Totally based on the people you know and network with. Slow start, takes more than a few months to build your practice.

    Advice to ManagementAdvice

    Reimburse for required trips. Many college age interns can't afford to drive to work and meetings and then conferences on $100 a week.

    No opinion of CEO

Worked for Northwestern Mutual? Contribute to the Community!

Your response will be removed from the review – this cannot be undone.