Northwestern Mutual

www.northwesternmutual.com

Northwestern Mutual Reviews

Updated January 29, 2015
Updated January 29, 2015
1,567 Reviews
3.7
1,567 Reviews
Rating Trends

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Northwestern Mutual Chairman and CEO John E. Schlifske
John E. Schlifske
339 Ratings

Review Highlights

Pros
  • Unlimited income potential, office culture, ten week program (test drive the industry) (in 56 reviews)

  • Unlimited earning potential, full autonomy with work (in 39 reviews)


Cons
  • Will have to sell life insurance to friends and family which could be awkward for some (in 119 reviews)

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

More Highlights

833 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Good company to work for

    • 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

    This company has a wonderful office culture as well as company values. They also provide a lot of training.

    Cons

    The biggest downside is that they don't provide benefits to their staff. In my current position I also don't qualify for any bonuses or extra perks, which is really frustrating.

    Advice to ManagementAdvice

    Give a raise more often.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Pros and cons but a great company!

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

    I have been working at Northwestern Mutual

    Pros

    Flexibility, great products, training is good, great opportunity if you got what it takes

    Cons

    Everyone is out for themselves, to an extent. Reps have to pay for all their staffs training. Reps complain about cash flow, even the successful ones.

    Advice to ManagementAdvice

    Take better care of reps staff or give them allowance. Makes things difficult when you are just as qualified as them but low on totem pole.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  3. 1 person found this helpful  

    Best decision I ever made

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

    I have been working at Northwestern Mutual full-time (more than 5 years)

    Pros

    Atmosphere, culture, values, opportunities, just to name a few.

    Cons

    The start up of building a client base is harder than you think it is....worth it though!

    Recommends
    Positive Outlook
    Approves of CEO
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  5. 1 person found this helpful  

    A lot of upside, and a lot of downside

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

    I have been working at Northwestern Mutual

    Pros

    Great Commission - 50% for interns, 87% for first yr reps
    Flexible - you make your own schedule , but if you don't produce you'll be let go
    No salary cap - make as much as you can sell

    Cons

    No base salary
    Mentally tough position

    Advice to ManagementAdvice

    Management should give reps first starting out a salary, just like the give interns 100$ per week. That would decrease turnover.

    Interns usually do best in this position and I feel its because they had a base salary starting out

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  6.  

    Financial Representative Representative

    • 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

    Hands on experience in the Insurance industry as an intern.
    Gain and improve Entrepreneurial Skills

    Cons

    Not an easy industry, you need to have a good network in order to be successful

  7.  

    Great people

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Northwestern Mutual

    Pros

    Comfortable work environment; friendly positive atmosphere

    Cons

    Long hours; work life balance challenges

  8.  

    Life as an Associate Financial Representative

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

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

    Pros

    Northwestern Mutual is a great opportunity to learn about the finance industry. Highly recommended for new college graduates or career changers hoping to add experience to their resume in the field finance. In general, the position is flexible and provides for a great deal of independence, especially if you're willing to work hard and learn the business in the first couple of years. I have built some of my strongest friendships with current and former employees.

    Cons

    Pay is below average for the industry. Work can seem tedious at times.

    Advice to ManagementAdvice

    Put half as much effort into building and motivating your team as you do into building your clients and you'll be exponentially more successful.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Great place to work

    • 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

    You learn so much and learn an all around approach to be a good financial adviser. You don't just sell life insurance, you work with clients on building relationships and being a all around adviser. Training was very good. There products are very good and very competitive. I was proud to sell them northwestern products.

    Cons

    Of course lot of calling and cold calling. But, if you just do this, you can't fail. Commission only, which is very hard to sustain a living. Only reason why it's not a 5 star.

    Advice to ManagementAdvice

    No Advice

  10.  

    Full service financial planning

    • Work/Life Balance
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Northwestern Mutual

    Pros

    Potential for high earnings, competitive culture

    Cons

    No base salary, tough to break in to and establish business

  11.  

    Very rewarding. I'm able to make a positive impact on my clients lives by preparing a strong financial plan.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Services Representative in Oklahoma City, OK
    Current Employee - Financial Services Representative in Oklahoma City, OK

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

    Pros

    Unlimited earning potential; you're your own boss; you are paid your worth, not just how long you've been there; you make your own schedule.

    Cons

    Only downside, Ive seen people fall victim to the flexible schedule and make no money.

    Recommends
    Positive Outlook

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