Northwestern Mutual

  www.northwesternmutual.com
  www.northwesternmutual.com

Northwestern Mutual Reviews

Updated November 19, 2014
Updated November 19, 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

783 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    East Lansing Office

    Current Employee - Associate Financial Representative in East Lansing, MI
    Current Employee - Associate Financial Representative in East Lansing, MI

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

    Pros

    Great people to work with!

    Cons

    Underpaid, and the people who are in management do not know how to manage.

    Advice to ManagementAdvice

    Get new management

  2.  

    Financial Representative Marketing Assistant

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

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

    Pros

    Depending on the management (Financial Rep) you have, if their top priorities are met they usually allow you to work on other marketing projects that could potentially better their practice.

    Cons

    Calling clients is priority #1. Calendar must be full before anything else should be worked on. Meaning you could potentially be cold calling people to meet with a Rep. A lot of tedious paperwork and underwriting processes that are not taught how to do.

    Advice to ManagementAdvice

    Set up actual personal marketing strategies suited for your practice rather than calling "the marketing department."

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  3.  

    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
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  5.  

    Intern

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Intern in Columbus, OH
    Current Employee - Intern in Columbus, OH

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

    Pros

    Autonomy, learning, mentoring is all really good. Basically spend your time doing one of three things 1) Learning sales cycle/techniques 2) practicing language 3) calling/meeting with clients

    Cons

    Selling to everyone you know (making the company money). If you don't stay and become full time you just made them a lot better off with your clients you generated that will be paying that premium for years to come

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  6.  

    new business underwriter

    • 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 part-time

    Pros

    excellent training program-above avg for market share

    Cons

    no work life balance, heavy workload and increasing expectations for a production underwriter,with below average market compensation.

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  7.  

    I have been with the company for 15 years/

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Bookkeeper in White Plains, NY
    Current Employee - Bookkeeper in White Plains, NY

    I have been working at Northwestern Mutual full-time (more than 10 years)

    Pros

    Friendly people,relaxed atmosphere, small company

    Cons

    No Benefits, no growth potential.

    Doesn't Recommend
    Negative Outlook
  8.  

    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
  9.  

    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
  10.  

    Mediocre.

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

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

    Pros

    Ability to set own schedule, unlimited income potential, great product. In the financial services industry, Northwestern Mutual is as good as it gets.

    Cons

    The saying around here goes: "this career provides enough rope to strangle yourself." Not the career for someone right out of college unless you are extremely passionate about selling life insurance. Pesky management, very 'money-hungry' and want to squeeze the money out of your friends and family. I wish I would have gone through the internship beforehand to know the financial services industry is not for me.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  11. 1 person found this helpful  

    A great place to learn sales skills

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Northwestern Mutual

    Pros

    unbelievable opportunity to own and grow your own pratice

    Cons

    the job at the end of the day is sales

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