There are newer employer reviews for Principal Financial Group

1 person found this helpful  

Started good, ended bad.....

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

I worked at Principal Financial Group full-time for more than 5 years

Pros

I did go through a training program and I appreciate that. Okay benefits, low wages.

Cons

No hope for advancement unless you are in good with the management team. The pay is low and they wont let you apply for jobs within the company that are more than one notch above where you are currently at. It is not a family friendly place if you are one of the many low level employees. It apparently is family friendly if you are a high level employee, and get all kinds of perks. Middle managers think they are God....It was only after I left and was at another job that I realized how suffocated I was at PFG.

Advice to ManagementAdvice

Nothing... it is what it is.

Doesn't Recommend
Neutral Outlook
Disapproves of CEO

189 Other Employee Reviews for Principal Financial Group (View Most Recent)

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  1.  

    Great company, if you happen to be in the right clique...

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

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

    Pros

    Principal used to be a great place to work. They had great benefits and promoted their culture as a positive reason to remain with the company. This was back when they regularly were named one of Forbes "Best Places To Work", in the mid 2000's.

    Cons

    There's a reason Principal is no longer named on the Forbes list. The atmosphere has really been degraded since 2008. Mid-management has gotten weaker and weaker, while upper management has become more focused on moving the stock price. This has led to a dilemma for many employees: do the right thing for the client and face a backlash from management or toe the company line and leave your professional integrity at the door. Their compensation package tells you all you need to know...

    Advice to ManagementAdvice

    Clean up the "good old boy (and girl)" network in middle management. It's a joke that certain employees are still employed, while great people are leaving out of frustration.

    Neutral Outlook
    No opinion of CEO
  2.  

    good people, ethical company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Account Executive II  in  Chicago, IL
    Current Employee - Account Executive II in Chicago, IL

    I have been working at Principal Financial Group full-time for more than 8 years

    Pros

    Room for development and growth within the organization

    Cons

    have to play politics at times

    Advice to ManagementAdvice

    align incentives with organizational goals then give more autonomy

    Recommends
    Positive Outlook
    Approves of CEO
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