Northwestern Mutual

  www.northwesternmutual.com
  www.northwesternmutual.com

Northwestern Mutual Reviews

Updated October 22, 2014
Updated October 22, 2014
1,398 Reviews
3.7
1,398 Reviews
Rating Trends

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Northwestern Mutual Chairman and CEO John E. Schlifske
John E. Schlifske
262 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 37 reviews)


Cons
  • Will have to sell life insurance to friends and family which could be awkward for some (in 115 reviews)

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

More Highlights

757 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Tough business but great if you can last.

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

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

    Pros

    Great sales skills. Freedom of scheduling. Strong residual income from client renewals if you can get a clientele rolling. Great people, very upbeat culture.

    Cons

    Inadequate training. Ridiculously high failure rate. Independence can be a curse. Going off your own market, no given leads and can be very uncomfortable at times. Business is 100% based on referrals, if you don't get any more referrals you will fail.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2. 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
  3.  

    Financial Representative

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

    I have been working at Northwestern Mutual full-time (more than an year)

    Pros

    Flexibility, Results Driven, very client centered culture and truly do what is in the client's best interest

    Cons

    Never truly "Flexible" because if you want to make some good money, you will have to work like a dog.

    Advice to ManagementAdvice

    maybe provide a base salary to make it more appealing

    Recommends
    Neutral Outlook
    Approves of CEO
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  5.  

    I will always be a policy holder, even when I no longer work here.

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Northwestern Mutual

    Pros

    Home office support is wonderful

    Cons

    seems to reward the "in" crowd

  6.  

    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!

  7.  

    Great company, but have to be very comfortable with pestering people

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Northwestern Mutual

    Pros

    NML's internship training program was spectacular. They give you plenty of resources to succeed. Once you get in front of the customer, it becomes very easy.

    Cons

    The work is stressful, no doubt. You need to work very hard at networking within your circle to get in front of as many people as possible. If not, you will not make any money over the summer.

  8.  

    Good company with good values, but not a job for everyone.

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

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

    Pros

    The people are nice and seem to have the client's best interest in mind. The company really believes in giving its financial representatives as much support as they need. Annual Meeting in Milwaukee is very fun and Northwestern Mutual always finds some inspirational speakers to give their reps the extra boost they need to achieve their goals. Overall, a very conservative company that cares about its clients.

    Cons

    From my experiences, the workplace was not very diverse and everything was centered around Northwestern Mutual's workplace culture. A little off-putting and cult-like if you're not used to that kind of thing.

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  9.  

    cutco

    • 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

    Pros

    there is nothing good to say about this

    Cons

    it is all cold calling in really just a cutco sales pyramid

    Advice to ManagementAdvice

    don't trick kids

  10. 1 person found this helpful  

    Financial Rep Intern

    • 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

    working environment, flexible schedule (in charge of your own progress), extensive and VERY helpful training, Mentors are there to help and will encourage you to succeed w/ their goals in place.

    Cons

    Commissions aren't appealing to a college undegrad student...

    Advice to ManagementAdvice

    Pay more, have training for licenses/tests that are need to continue in program

    Recommends
    Neutral Outlook
    Approves of CEO
  11.  

    Caring and forward thinking institution with amazing career potential for financial planners

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

    I have been working at Northwestern Mutual full-time (more than an year)

    Pros

    The company is truly aligned when it comes to industry standards and marketing. Everyone has a great heart and cares about making a difference in the lives of existing and future clients. You will get a world-class training model both on a local and national level. The integrity and business ethics reign true throughout business practices, training/development, and customer service. They bring the human aspect back in to financial planning and take in to account every demographic and population needs help in financial planning.

    Cons

    If you are support staff or working in any capacity that is not a financial representative, it is very difficult to have long-term career aspirations: very low earning growth potential and upward mobility to higher positions. Support staff's success is purely based on success of a financial rep and can be extremely tumultuous if not on a more senor rep's team. On the rep's side of things: the leadership contract can be misleading and harness more "have-to's" then "want-to's" if you seek on being paid for your mentoring/managerial responsibilities. Although we have a higher retention rate than the industry, there is still a high turn over rate in most new rep, support and recruiter positions due to lack of upward mobility and increased compensation.

    Advice to ManagementAdvice

    Truly look into the pros and cons to leadership contracts to ensure compensation can be justified to time/energy commitment on all levels. Look in to more certifications, designations, job mobility for support, administrative and recruiting staff. Support, administrative and recruiting staff initially seek our culture and job duties, but the stay long term for similar career longevity potential and compensation increase as reps and leadership- without this potential retention will always be a challenge.

    Recommends
    Neutral Outlook
    Approves of CEO

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