Northwestern Mutual

  www.northwesternmutual.com
  www.northwesternmutual.com
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Northwestern Mutual Reviews

Updated September 30, 2014
Updated September 30, 2014
1,352 Reviews
3.7
1,352 Reviews
Rating Trends

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

Review Highlights

Pros
  • If you are one of the few that make it (5%), there is unlimited income potential (in 53 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 113 reviews)

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

More Highlights

733 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Great Experience

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

    I have been working at Northwestern Mutual as an intern

    Pros

    Great training program. Ability to make your on schedule. Learned how to effectively communicate and collaborate.

    Cons

    Hard position as an intern.

    Recommends
  2.  

    Experience

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Northwestern Mutual

    Pros

    Great opportunities, and room for growth.

    Cons

    Commission based and lots of flexibility.

  3.  

    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.

  4. We want your feedback – Are these company reviews helpful to you?  Yes | No
  5.  

    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
  6.  

    The culture is great and it's a great place to work if you want to have a flexible work schedule.

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

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

    Pros

    The training program is amazing and new reps do joint-work with senior advisers in order to learn how to conduct meetings on their own. The support system is great as well. You are paired with a mentor to help you succeed.

    Cons

    The job is commission based and you have to pay for everything from office rent to paper clips. You also have to build your own book of business from nothing.

    Advice to ManagementAdvice

    The leadership is outstanding and everyone wants to help you succeed. Since you are your own boss, you get to make your own decisions about how much time you take off.

    Recommends
    Positive Outlook
    No opinion of CEO
  7.  

    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
  8.  

    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
  9. 1 person found this helpful  

    Poor company to get started in

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

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

    Pros

    If you have the right network starting out (rich people who think highly of your family) then you can get a good start

    Cons

    100% Commission makes it really hard to get started. The lack of training does not help much. The hoops you have to jump through to get anything done is absolutely ridiculous. Long hours for minimal reward most of the time.

    Advice to ManagementAdvice

    Be more open with what the job entails when approaching possible candidates for the positions. The training and development is also lacking when

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  10.  

    Northwestern Mutual

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

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

    Pros

    Great company
    Great management
    Pay scale is set up to benefit the first 3 years

    Cons

    Led on by recruiters
    Hard to get started
    Pay for insurance out of pocket
    Payment goes into escro so they can invest it before you get paid out

    Approves of CEO
  11. 2 people found this helpful  

    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

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