There are newer employer reviews for Principal Financial Group

4 people found this helpful

Principal is a patronage-ridden, old-line insurance company which is incapable of doing anything new and is unethical.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Senior Project Manager in El Dorado Hills, CA
Current Employee - Senior Project Manager in El Dorado Hills, CA

I have been working at Principal Financial Group

Pros

Salary and benefits were good

Cons

Lousy, timid, self-serving management, tolerates unethical sales practices, weak leaders

Advice to ManagementAdvice

Dissolve the old-boy network in Des Moines and dump the management in El Dorado Hills, Cal.

Doesn't Recommend
Disapproves of CEO
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  1. Tough business to start, but worth it when you make it.

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

    I have been working at Principal Financial Group

    Pros

    Great company and support. Independence wihout being on your own entirely. Great group of producers and advisors to lean on and learn from.

    Cons

    More than half will burn out or give up. Toughest job ever. Do not try if you are not commited.

    Advice to ManagementAdvice

    Get long time producers involved in training earlier on. Focus on investment knowledge for new producers as well as insurance.

    Recommends
    Approves of CEO
  2. Great Place to Work.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • 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

    Pros

    Great Place to Work and they offer great benefits

    Cons

    Promotions are difficult to obtain

    Recommends
    Approves of CEO
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