Principal Financial Group

www.principal.com
Employer Engaged

Principal Financial Group Reviews

Updated March 5, 2015
Updated March 5, 2015
139 Reviews
4.0
139 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
139 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

139 Employee Reviews Back to all Reviews

Sort: Popular Rating Date
  1.  

    Solid Company with good reputation. I have worked for the company for many years and have learned a great deal while gr

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

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

    Pros

    Great benefits, they do encourage career growth and community involvement. They also offer wellness facilities on cite and promote the use of that.

    Cons

    Culture has definitely changed since going public. I understand we need to be accountable to share holders now but we also need to be accountable to our customers (customers are still #1) and it seems like we are sacrificing customer service at times to cut corners.

    Advice to ManagementAdvice

    Keeping good employees on board and promoting and paying them well might be better than continually hiring and training new employees.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Good company with fun people

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

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

    Pros

    Fun people, decent pay, flexible hours

    Cons

    Unfulfilling work that is typically pretty boring

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Real Estate Global Investors Internship

    • 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

    Pros

    Employees are very friendly and easy to get along with. Good working environment and decent entry level pay.

    Cons

    Really large company hard to move up ladder to get promoted. In Des Moines and okay pay.

    Recommends
    Positive Outlook
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  5. 1 person found this helpful  

    Great benefits.

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

    I have been working at Principal Financial Group

    Pros

    Upper management is strong. Ethics are truly in place at that level

    Cons

    Mid level management is terrible. Most micro manage instead of working as a team to meet goals. Many good jobs have been moved to Pune India and more to follow because they'll work for $2.00 an hour. Very high turnover stateside.

    Advice to ManagementAdvice

    Upper management needs to look into what middle management is doing.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  6.  

    Proud to be associated with Principal

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Principal Financial Group

    Pros

    Good company, strong values, concern for clients & employees

    Cons

    Some occasional mixed messages come from senior management as the company tries to serve a variety of constituencies

    Recommends
    Positive Outlook
  7. 1 person found this helpful  

    Great people! Greedy Management

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

    I have been working at Principal Financial Group

    Pros

    Good people throughout the company. Middle management tries to take care of employees but to senior management, it is all about the bottom line.

    Cons

    Typical publicly traded company. The executive team only cares about shareholders. They can't figure out how to manage. They hire like crazy one year then lay people of the next.

    Advice to ManagementAdvice

    Get your act together. Figure out how many employees you really need so you are not constantly hiring and then reducing the work force.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8.  

    Retirement Specialist

    • 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

    Pros

    Company pays for Series 6 license and training materials. Learn phone and customer service skills. Huge company with many avenues for professional movement.

    Cons

    Entry level position. Call center environment.

  9. 1 person found this helpful  

    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
  10.  

    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
  11.  

    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 a 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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