Principal Financial Group

  www.principal.com
  www.principal.com

Principal Financial Group Reviews

Updated December 3, 2014
Updated December 3, 2014
207 Reviews
4.0
207 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Principal Financial Group Chairman, President and Chief Executive Officer Larry D. Zimpleman
Larry D. Zimpleman
132 Ratings

Review Highlights

Pros
  • The pay and benefits are very good, with an excellent work-life balance to boot (in 43 reviews)

  • Great benefits, which is nice because salaries are less than annual averages (in 20 reviews)


Cons
  • Parking is a little ways away since we're located in downtown Des Moines (in 12 reviews)

  • Salary is on the high side of mediocre, other companies will pay more but Principal tries to make up for it with a flexible work environment (in 7 reviews)

More Highlights

132 Employee Reviews Back to all reviews

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  1.  

    In-group out-group mentality

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Tampa, FL
    Current Employee - Anonymous Employee in Tampa, FL

    I have been working at Principal Financial Group full-time

    Pros

    Job requirements are not taxing and decent benefits (medical, retirement).

    Cons

    Management has a closed door policy and leadership style is bottom up rather than top down. They are great at running reports but have no people skills necessary for interacting with team members. Training is insufficient for new hires. In addition, leadership manages office with a high school attitude in which cliques are created with those favored more than others.

    Advice to ManagementAdvice

    Leadership skills begin with management. Its more than expecting subordinates to exhibit the behavior that their direct leadership should show everyday.

    Doesn't Recommend
    Neutral Outlook
  2.  

    A very good company to start working with

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Trainee Associate Consultant in Pune (India)
    Current Employee - Trainee Associate Consultant in Pune (India)

    I have been working at Principal Financial Group

    Pros

    Good work life balance.
    Good exposure
    Great learning
    Good all-round development

    Cons

    Cafeteria food is average.
    Sometime there is less work

    Advice to ManagementAdvice

    Good going

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Good company 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 Principal Financial Group full-time (more than an year)

    Pros

    They have great work-life balance, no shifts.

    Cons

    Managers have no idea of technology and business value.

    Advice to ManagementAdvice

    Please

    Recommends
    Positive Outlook
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  5.  

    Great place to work!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Des Moines, IA
    Current Employee - Anonymous Employee in Des Moines, IA

    I have been working at Principal Financial Group full-time

    Pros

    The people at this company make it a great environment for young professionals. Many employees of PFG have been at the company for a number of years (or have gone elsewhere and come back to the company) and are more than willing to share their knowledge and experiences. Might role might be different than other areas of the company, but I am always being challenged with new and increasingly more important responsibilities. This company also likes places a high value on employees having a healthy lifestyle and encourages work life balance and regular exercise.

    Cons

    PFG has been making very concerted efforts to improve diversity, but it is hard considering Iowa as a whole lacks diversity, and it is not in a major metropolitan city.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    A company this Millennial will retire from.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Strategist in Des Moines, IA
    Current Employee - Strategist in Des Moines, IA

    I have been working at Principal Financial Group full-time (more than 10 years)

    Pros

    As a 10 year + employee of the Principal Financial Group, I am happy with the opportunities, the stability, and the benefits the company has to offer. I buy into the " the grass isn't always greener on the other side" mindset as I've seen peers leave and quickly want to come back. If you are someone that works hard and continues to develop, opportunities will be presented.

    Cons

    As I suspect is true of most large companies, navigating the political scene can be taxing.

    Advice to ManagementAdvice

    Continue to pave the way and mold the talent you have. Find ways to continue to develop and promote the talent you have.

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    Excellent opportunity, career development, employee support

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

    I have been working at Principal Financial Group full-time (more than 10 years)

    Pros

    Great employee culture, lots of diverse opportunities within different lines of business.

    Cons

    Keeping up with technology. We move a bit too slow.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Good Company to Work For

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Customer Service in Des Moines, IA
    Current Employee - Customer Service in Des Moines, IA

    I have been working at Principal Financial Group full-time (more than an year)

    Pros

    Non contributory pension plan in addition to 401k.
    Great work/life balance. If you have an emergency and have to take time off they are very understanding. Good amount of paid time off. My salary is higher than for comparable positions with other companies.
    Opportunities to work from home in a lot of departments.

    Cons

    Medical benefits have high copays until you max out your contributions.
    Difficult to get another position from some departments although they heavily promote from within.

    Advice to ManagementAdvice

    Promote more from within!

    Recommends
    Positive Outlook
    No opinion of CEO
  9.  

    Continuously learning new product and/or sales material, developing skills to guarantee success.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Financial Representative in West Des Moines, IA
    Current Employee - Senior Financial Representative in West Des Moines, IA

    I have been working at Principal Financial Group full-time (more than an year)

    Pros

    Outstanding archived training library available 24/7, augmented with frequent, optional to attend, webinars.

    Cons

    Nothing of note comes to mind. Really.

    Advice to ManagementAdvice

    Keep up the great work.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  10.  

    Best Company Out There from a Financial Advisor

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Advisor in San Diego, CA
    Current Employee - Financial Advisor in San Diego, CA

    I have been working at Principal Financial Group full-time (more than an year)

    Pros

    Principal has the best training program for people who want to get into the business where the real money is at. They start you off with a 4 month salary and even provide benefits. Commissions are complicated but the best out there. The biggest 401k player in the market. Great Managing Director who is a straight shooter. He is very ethical and is an expert at sales.

    Cons

    Expect to work hard, but rewarded handsomely. The biggest challenge to learn to focus and keeping ourselves accountable.

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Best Internship program yet!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Des Moines, IA
    Current Employee - Anonymous Employee in Des Moines, IA

    I have been working at Principal Financial Group as an intern (more than an year)

    Pros

    The program was well-structured, they provided you with a mentor within your team as well as an available leader to help you with anything you needed. I enjoyed the programs that they put on just for interns such as listening to upper level executives speak & professional development seminars. The pay was great too, and they hook you up with housing nearby!

    Cons

    There isn't a lot of internship to full-time conversion if you aren't in the IT field.

    Recommends
    Positive Outlook
    Approves of CEO

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