Northwestern Mutual

  www.northwesternmutual.com
  www.northwesternmutual.com
There are newer employer reviews for Northwestern Mutual

 

Amazing company to work for, if you can handle the ups and downs in the beginning

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

I worked at Northwestern Mutual full-time (more than an year)

Pros

Unlimited earning potential, great training program and support staff, and best products in the industry

Cons

Strictly commission and a 'eat what you kill mentality' - the company places so much priority on clients it sometimes works against the advisor. Underwriting requirement are some of the strictest in the industry. Prospecting to grow your book of business can be difficult if you don't already have a successful and well-established network.

Advice to ManagementAdvice

Different requirements and standards for intern conversions/ recent graduates and career changers.

Doesn't Recommend
Neutral Outlook
Approves of CEO

1504 Other Employee Reviews for Northwestern Mutual (View Most Recent)

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  1.  

    Not cut out for everyone

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Intern in Richmond, VA
    Former Employee - Intern in Richmond, VA

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

    Pros

    Friendly office environment
    Able to work or set your own schedule- could be good and bad
    Develop client skills with frequent meetings
    In-depth knowledge about insurance
    Expand your professional/personal network

    Cons

    involves cold calling and asking friends and family for client introductions, must use a lot of sales techniques, the pay is based off commission

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2. 1 person found this helpful  

    The job and employer are fine, but be prepared to do A LOT of prospecting with little to no help.

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

    I worked at Northwestern Mutual full-time (less than an year)

    Pros

    You work for yourself (kind of), Flexibility in Schedule, Earning Potential, Training, Decent Start-up Support (minimal office expense, etc.), Good Products

    Cons

    Lack of teamwork: team claims that they will do joint work with you, but will only want to do joint work if the potential client makes decent money. Limited opportunity for advancement: be prepared to wait some time (several years) to become a leader. Product is not cheap: NWM is more expensive than many competitors, (even though returns may be better) it can be difficult to sell. Amount of Prospecting: NWM places more emphasis on Prospecting than competitors. You are expected to place 40 dials PER DAY and Prospect at every meeting. This can be overwhelming.

    Advice to ManagementAdvice

    Competition: There is A LOT of competition in the market. Be sure potential reps have a good understanding of the market place when on-boarding. Also, inform potential reps and new reps of resistance (i.e. Dave Ramsey) and how to overcome objections.

    Importance of Insurance Business: New "financial" reps are insurance salesman. Unless new reps know several very wealthy individuals who want to switch their investment portfolio to the rep, new reps won't be able to make significant money in securities for several years. Don't make securities a focus for potential reps.

There are newer employer reviews for Northwestern Mutual

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