Principal Financial Group

www.principal.com

Principal Financial Group Reviews

Updated January 18, 2015
Updated January 18, 2015
214 Reviews
3.9
214 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
134 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

135 Employee Reviews Back to all reviews

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  1. 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
  2.  

    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
  3.  

    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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  5.  

    Analyst

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

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

    Pros

    The work/life balance is good

    Cons

    More communication from senior management

  6.  

    Opportunity is there, but you have to make it happen for yourself.

    Current Employee - Registered Representative in Lombard, IL
    Current Employee - Registered Representative in Lombard, IL

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

    Pros

    Great training program, access to all the raw materials you need to be successful. Tom is very supportive and approachable.

    Cons

    You must have a plan! If you don't have a specific area of focus, you will be on a path to nowhere in a hurry.

    Advice to ManagementAdvice

    Senior agents need to look at the mentor role as more than a money grabbing opportunity.

    Recommends
    No opinion of CEO
  7.  

    Financial Accountant

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

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

    Pros

    Retirement Benefits and the flexibility

    Cons

    Long path to meaningful work

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  8. 1 person found this helpful  

    S0-so score at best

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

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

    Pros

    - Flexibility
    - 'nice' company
    - reputable name

    Cons

    - Typical insurance sales 'trickery'
    - no leads provided
    - dog-eat-dog atmosphere

    Advice to ManagementAdvice

    Please stop trying to sell to-be reps on anything but the fact this is a INSURANCE sales roll. Period.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  9.  

    Great company

    • 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 8 years)

    Pros

    People, culture, stability, future growth potential

    Cons

    Comp less competitive than other top companies in their peer group

    Advice to ManagementAdvice

    Break down some political barricades between operating units

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Lots of opportunities for development.

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

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

    Pros

    Employees are supported in their decisions to move between departments and professional development is encouraged. For the most part they also support work life balance and have options to work remote some days of the week (depending on your department) or flexible starting/stopping hours.

    Cons

    They seem reluctant to pay market salaries even when they say they are going to start doing so- I was always at the 25th percentile in pay and it's hurting me now that I am job seeking. Also there are a lot of "lifers" there and it's hard to get people to accept change.

    Advice to ManagementAdvice

    Keep up the ethical "tone at the top."

    Recommends
    Positive Outlook
    Approves of CEO
  11. 1 person found this helpful  

    Okay company to work for.

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

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

    Pros

    PTO accrual, ability to purchase time off, stock purchase options, decent insurance costs

    Cons

    Public company - focused more on shareholders than employees

    Advice to ManagementAdvice

    Listen to employees more. Quit wasting money and use that to increase wages instead.

    Positive Outlook
    Approves of CEO

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