Northwestern Mutual

www.northwesternmutual.com
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855 Employee Reviews Back to all Reviews

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  1.  

    Wealth Management and Marketing Intern

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Intern - Wealth Management and Marketing in New York, NY
    Current Intern - Wealth Management and Marketing in New York, NY

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

    Pros

    The people at Northwestern Mutual are generally friendly and the office has a great work-life balance.

    Cons

    Unpaid interns get no structure. Financial Rep I was working for did not bother to give me guidance as to what I should be doing to develop my skills as a wealth manager. Mostly relegated to administrative office functions.

    Advice to ManagementAdvice

    Develop your interns, even if they're not in the Financal Rep track.

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

    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
  3. 1 person found this helpful  

    Comission Only Sales Position.

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

    I have been working at Northwestern Mutual as a contractor (more than a year)

    Pros

    it is great resume builder, you learn about interesting insurance products, and you gain real world sales experience.

    Cons

    Work is Life, Life is Work. you sell to all your friends and families first, which could drive them all away if you are not careful, you are your own boss and if time management isn't your thing prepare for a short career.

    Advice to ManagementAdvice

    offfer more incentives.

    Recommends
    Negative Outlook
    Approves of CEO
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  5.  

    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

  6.  

    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
  7.  

    Don't Let Them Sell You on "The Life You Imagined"

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

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

    Pros

    This company has a lot that is going for it, however if you work for the wrong managing partner your life can be a living nightmare.

    Cons

    While there are a lot of things that make sense, the basic idea is that Life Insurance is the primary basis of a financial plan.....not many people in management really know what they are doing besides showing you how to emotionally sell life insurance. It's a step up from selling Aflac.

    Advice to ManagementAdvice

    Recruit people that actually have some sort of knowledge in the finance and economics world. Personal trainers, people without college degrees, etc. are not people I would want managing my life's assets....

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  8.  

    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

  9. 1 person found this helpful  

    Enjoyable

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Assistant in Las Vegas, NV
    Current Employee - Assistant in Las Vegas, NV

    I have been working at Northwestern Mutual

    Pros

    Flexibility, relaxed atmosphere, nice people, no micromanagement

    Cons

    personal and professional growth, bonuses

    Advice to ManagementAdvice

    take more interest in your team

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  10. 1 person found this helpful  

    Run for your life

    • 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 (more than a year)

    Pros

    Own your own business. Income potential is literally unlimited if you can find the leads and close the sales yourself. That's about it.

    Cons

    Here we go. I work in the NYC Midtown office. I want to try to keep this as concise as possible. The work is great. I love insurance, investments, and owning my business. That being said, the workplace environment is toxic and downright despicable. Well what does it matter if you work for yourself you say? Ha. You are LITERALLY treated like a child with no respect from upper management. You are required to attend ridiculous meetings where everything you say is recorded and written in an email to the partner and other coaches. So watch what you say. The only way they can keep track of their reps is if they funnel these immature messages to each other to keep track of you. Their "trainers" write you little emails and CC the partner if you are late to the office. It's really childish. I own my own business and make a lot of sales, such things do not irk me because I'm not salaried. But it will continue to go on until the end of my career.

    And here comes more. Joint work is a joke. There are very few individuals in this office who are actually intelligent when it comes to things that are a little more complicated than just insurance. Say group policies or working with businesses and investments. Most of the work requires a third party and you are the middle man. You are just a salesman seeking the aid of other salesmen. The problem is I came from a finance background so literally I had to teach myself everything here because no one else was the slightest bit knowledgable. Here comes the worst part, should you even ask another coworker for help to print out some forms, they will demand half of your business. So you learn your lesson in even bothering to ask anyone for help. Most of the reps in the office are aggressive, slimey salesmen. Good luck having them with peers.

    Last bit of info. Should you ask the company, as in anyone internal on a management level for info. regarding your escrow funds, you will be ignored. You should just take a hike. You will never see that money again despite them telling you repeatedly that it's YOUR money. They will dodge your calls, emails, everything. In fact, I once had a coworker stand in front of the individual's desk while I was calling them and my coworker told me they just ignored it on purpose. So, sayonara, Northwestern! I hope your business model changes because you will never retain employees this way.

    Advice to ManagementAdvice

    RESPECT YOUR EMPLOYEES. Fire your internal management workers who are as old as a dinosaur and running things like it's 1975. People demand to be treated like equals, not children. Oh and STOP TAKING OUR MONEY AND DENYING US ACCESS TO IT WHEN WE ASK FOR IT. Or at least ANSWER questions about where our money is.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  11. 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

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