There are newer employer reviews for Northwestern Mutual
There are newer employer reviews for Northwestern Mutual

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Sky is the limit

  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Financial Representative in Seattle, WA
Former Employee - Financial Representative in Seattle, WA

I worked at Northwestern Mutual full-time (More than a year)

Recommends
Positive Outlook
Approves of CEO
Recommends
Positive Outlook
Approves of CEO

Pros

Northwestern Mutual is bar none the best life insurance company in the world. They treat their employees amazingly, have the best products on the market, and offer growth and leadership opportunities.

Cons

The high turnover at a young age causes the quality of service from first time reps to water down the experience some clients have.

Advice to Management

Continue to push your reps and improve training.

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  1. Great Company to work for in you want to be in SALES. If not it is horrible!!

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

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

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Great Culture that cares deeply about helping clients gain financial security. Upper management and specialists are very approachable and always willing to give advice and help you out. Tons of freedom, and you control your own destiny. Also, strong desire for the company to retain good employees. Tons of growth opportunities if you can hit the right sales numbers. Will pay for all your insurance and finance designations!!!This is one of those careers where you really need to trust in the company and management and "drink the punch".

    Cons

    100% commission, and the company penny pinches so much. They charge you for copying, faxing, and other random fees that I do not understand. I feel that the management team is not that realistic with you when you start. They give you a whole income projection analysis which greatly overstates what you will make. Another annoyance is that it is mandatory to go to annual and regional meetings. BUT they make you pay for them! Also, if you want to be successful get ready to work 70 hours a week and make no money!!! Something else that really bothered me was that fact that the management prefers for you to be in a position of financial hardship. They encourage new reps to overspend and create the pressure that is needed to put more effort into the job and see more people. If you are maxing out your credit cards, struggling to pay your rent, and paying $300 a month for insurance products, you will work way harder to see people and make sales. This is not good advice for new financial reps.

    Advice to Management

    I know you want reps to work hard, but STOP encouraging new reps to enter positions of financial hardship as a way to pressure and motivate them to sell more!!!


  2. Best company for amazing, but challenging, opportunity

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Financial Representative Intern in Saint Paul, MN
    Former Intern - Financial Representative Intern in Saint Paul, MN

    I worked at Northwestern Mutual as an intern (Less than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Northwestern Mutual has the best products and methods of service, from a client standpoint. I am happy to remain a client today and will never go elsewhere. Company trains you very well and has great mentorship and support, without micromanaging - you must be independently driven! Our group put a lot of effort into positive self-development as well. Interns receive training and reward-based stipends as well as commissions. A financial services practice has the potential to grow into an amazing career with great flexibility, great pay, and a wonderful service to your clients. But...

    Cons

    Financial services is also a very difficult business, no matter where you go. Your first five years, possibly even longer, you will be "over-worked and under-paid." Building a clientele is very difficult. You have to be tough-skinned and an amazing networker. The 80 or so different groups or "management territories" within NM can be very different from an internal culture standpoint and present you with different experiences. If you're independent, customer relationship-oriented, and want an amazing experience with the potential for a great long-term career that you REALLY have to work for, then give NM a shot!

    Advice to Management

    Try to have Managing Partners create a similar culture and expectations within all regions. Place more emphasis on your Representatives' work ethic and dedication, rather than pure production numbers - turnover is extremely high, which isn't good for the clients.


There are newer employer reviews for Northwestern Mutual
There are newer employer reviews for Northwestern Mutual

See Most Recent

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