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

Sort: Popular Rating Date
  1.  

    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 Principal Financial Group

    Pros

    Flexible with work life balance

    Cons

    Capped salary at a certain level, not much room to grow

  2.  

    Make sure you have great resources as a career agent

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

    I have been working at Principal Financial Group as a contractor (more than 3 years)

    Pros

    Very good product line and overall integrity of the company. Managers seem to care and want to offer support...especially if you are male! Office culture is good and everyone is friendly. As a company it is one of the best in the industry for range of products.

    Cons

    With a commission only job you need to have a very strong infrastructure of high end referrals and financial resources to fall on until you build the business. Be prepared to hire assistants and work extremely hard. The first years are expensive with memberships to associations, treating prospects to meals, marketing expenses, etc. Long hours and lots of frustration.

    Advice to ManagementAdvice

    Follow through with what you promise and be consistent. Provide tangible help to new agents with leads and prospecting resources.

    Neutral Outlook
    Disapproves of CEO
  3.  

    A company to launch a career

    • 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 (more than 10 years)

    Pros

    - Strong work/life balance
     - Ethical organization who strives to do business which aligns with their values
     - Multiple career paths which offer long term growth opportunities

    Cons

    - Career development primarily focused in Des Moines, Iowa.
     - Decisions may take time given the collaborative nature of the organization

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Fantastic company, people, management!

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

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

    Pros

    The Principal Financial Group is a great company. Very well regarded in investment management globally and retirement services in the US and globally. Award winning company in IT, employer for women, diversity, innovation.

    Cons

    Opportunity to do challenging work here. fast paced.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Great flexibility and culture

    • 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 (more than 10 years)

    Pros

    Flexibility in schedule, where we work, how work gets done. Flexibility is not only offered, but also encouraged! Co-workers, benefits and pay are great. Ethics/doing the right thing is a focus of this company. Love that we have PTO since it's so much easier to manage.

    Cons

    Parking is a little ways away since we're located in downtown Des Moines.

    Advice to ManagementAdvice

    Continue to communicate openly with employees. Much appreciated!

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Great 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 Principal Financial Group full-time

    Pros

    Great values and business ethics

    Cons

    Not a whole lot of work life balance

    Recommends
    Positive Outlook
    Approves of CEO
  8. 3 people found this helpful  

    Not for "go getters"

    • 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

    IT Specific: Some parts of the company are surely "OK". However, you may spend 20 years trying to find that area that fits you. It is nice being downtown with access to the skywalks. Generally, nobody tries to micromanage you.

    Cons

    IT Specific: If you can do lots of things, don't bother here. They want people to be "siloed" and focus on your one tiny piece. Then you can fight the layers upon layers of nonsense to get any little thing done. There are so many redundant groups full of way too many people. The company is not nimble, and they have meetings upon meetings over discussing how things should be done.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  9. 2 people found this helpful  

    Great career balance and competitive total compensation

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

    I have been working at Principal Financial Group full-time (more than 3 years)

    Pros

    The Principal is a force in the community of Des Moines which provides a lot of advantages to the employees. Individual managers have a lot of discretion on HR policies within their team which creates a very comfortable environment with a great work life balance.

    Cons

    While base salaries may be slightly below national averages you will see for similar positions, the total compensation package and overall benefits definitely make up for it.

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Great company, great training and great products

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Services Representative in Downers Grove, IL
    Current Employee - Financial Services Representative in Downers Grove, IL

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

    Pros

    Great company, great training and great products

    Cons

    100% commission after training period

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Good company

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

    I have been working at Principal Financial Group full-time (more than 5 years)

    Pros

    Flexible schedule, talented work force, work-life balance, very good culture.

    Cons

    Hard to get noticed. Work place politic. Not a lot of opportunities within the company. Compensation is fair but not great.

    Advice to ManagementAdvice

    Listen to the employees. The company needs to adapt and innovate to stay ahead of the competition.

    Recommends
    Positive Outlook

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