Northwestern Mutual

  www.northwesternmutual.com
Work in HR? Unlock Free Profile

Northwestern Mutual Reviews

These reviews contributed towards 2009's Best Places to Work recognition. See ratings and reviews for all time.

Review Highlights

Pros
  • If you are one of the few that make it (5%), there is unlimited income potential(in 54 reviews)

  • Unlimited earning potential, full autonomy with work(in 36 reviews)


Cons
  • Will have to sell life insurance to friends and family which could be awkward for some(in 107 reviews)

  • No base salary, commission based work is one of challenge for me(in 40 reviews)

51 Employee Reviews
Relevance Date Rating
in
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Best job oportunity ever!

    Financial Representative (Current Employee) Crystal Lake, IL

    ProsThe most amazing place to work if you are trying to help people. It has the best dividends and can not be beat by other companies. Working for other companies and recommending their products over that of Northwestern Mutual's would be short changing your clients serious money in the long run. I believe in Northwestern Mutual and would strongly encourage hard workers to try this job.

    ConsSome of the management was a little pushy at times and would not accept your way of doing things. Some of the critisism was not just constructive - some of it was destructive. Not very compatable with lazy workers or people who have a fear of talking to people about products or sales.

    Advice to Senior ManagementRequire set goals by the end of the week that are necessary to obtain the stipend check at the end of the week.

    Yes, I would recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Northwestern Mutual - great place to work! Amazing company, great culture.

    Director of Recruiting (Current Employee) Chicago, IL

    ProsGreat culture - it's like family! Financial representatives (there are about 8,000 of them) have the best opportunity b/c they are able to be their own boss, make an incredible income, and still have a good work/life balance. As staff, the benefits vary depending on who you work for. The financial representatives are independent contractors who hire their own staff, so unless you work for corporate, you're working for an individual, which means benefits can be great or they can be terrible. At corporate, they have great benefits of course and free lunches, gym, etc.

    Northwestern Mutual is a highly ethical company and they highly value people of integrity. If you want to help people, this is a great company for you. Also, this company provides amazing training and support for its representatives. My husband and I both work here and it's been one of the best things to ever happen to us. We absolutely love this company, and I can honestly say that nearly every person I work with really loves coming to work every day. We have a very positive working environment! As a financial representative, your job is extremely demanding and difficult, but the rewards are amazing.

    Also, in tough economic times, it is great to know that this company is more than 150 years old and it has stood the test of time. It's financial strength is unwavering, and the leadership is always focused on maintaining the company's long-term financial strength and security. No matter how hard times get, no one here is ever worried about losing their jobs.

    ConsThe biggest downside is that unless you work for corporate up in Milwaukee, you are working as a staff person for another financial representative. That means you are basically working for 1 person, not Northwestern Mutual as a whole. Because of that, the benefits packages can be pretty minimal. I don't have a retirement package, little vacation time, and really no room for advancement. I can always grow in my position and my job duties are constantly evolving, but I can't ever really get a promotion, unless I were to work at the corporate offices.

    Advice to Senior ManagementTrain the financial representatives to be better managers. Many of them are great at their job, but they have no clue how to manage...and ultimately they have to have those skills to build a great practice.

    Yes, I would recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Northwestern Mutual is the place to be in financial services.

    Managing Partner (Current Employee) Cedar Rapids, IA

    ProsGreat income, independence, and the ability to impact others. Northwestern Mutual's reputation is second to none.

    ConsIt's not easy! This career requires a lot of determination, and discipline.

    Advice to Senior ManagementKeep it up!

    Yes, I would recommend this company to a friend

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

    2 people found this helpful  

    Proceed with Caution

    Financial Representative (Current Employee) Winter Park, FL

    ProsThe products offered are exceptional, and the overall philosophy of doing the right thing for the clients at all times is attractive. They own the Frank Russell company so their clients have access to them where others would not. They also are a true mutual company so they don't have shareholders to answer to. The profits of the company go back to policyowners in the form of dividends, with five billion to be paid back to policyowners for 2008.

    ConsWhile the home office seems run well, the field office where most of the revenue generating activity takes place has minimal regulation on how employees are treated. They don't explain compensation, encourage debt, feel as independent contractors that nothing is off limits for supervision. I've seen with some of the female reps this could include their marriage, appearance, weight, languages spoken, ethnicity, age, overall attractiveness, what kind of car is driven or clothes worn. Male representatives seem to be treated more favorably, but I wouldn't want my wife working here. While there are guidelines in the Field Code of Conduct they do not seem enforceable and are more like suggestions.

    Advice to Senior ManagementFollow the golden rule, ensure that training in processing paperwork is as adequate as sales training so that clients don't pay the price for inexperienced representatives and support the veterans as much as the new recruits. Soliciting feedback from those who have proven successful and actually listening to it might be useful in improving overall operations.

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    3 people found this helpful  

    Great place to work for benefits, but not for career advancement

    Consultant (Former Employee) Milwaukee, WI

    ProsExcellent welfare and pension benefits; compensation was better than at other firms. May not be worth sacrificing your personal self-esteem or career opportunities at other companies.

    ConsTo much weight at the top of management, limited career opportunities

    Advice to Senior ManagementMove closer to the 21st Century in management ideas and decision making. Consensus decisions are ineffective in todays business climate. To much time is wasted in meetings and not enough time used for productive work.

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Great place to work, great opportunities.

    Associate Financial Representative (Current Employee) Pittsburgh, PA

    ProsGreat training, best I know of in the industry for Financial Representatives.

    ConsA little more recognition to Associate Financial Representatives and Sales Assistants would be helpful. The Associate Financial Representatives, Sales Assistants and Marketing Assistants play a very large roll in helping the Financial Representative meet his goals. The recognition for a job well done is very public at the top, and it gets a little weaker as you go down the chain of command.
    Also, although the training is second to none for the Financial Representatives, I think the training for the sales staff could be a little more organized and concise.

    Advice to Senior ManagementA little more recognition to Associate Financial Representatives and Sales Assistants would be helpful. The Associate Financial Representatives, Sales Assistants and Marketing Assistants play a very large roll in helping the Financial Representative meet his goals.

    Yes, I would recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    2 people found this helpful  

    Great place to work

    Manager In Information Systems (Current Employee) Milwaukee, WI

    ProsThe company provides great benefits like lost-cost medical, dental, and vision insurance. 401k matching in addition to a retirement pension plan. The company provides free lunch to employees and contractors. There are a lot of smart people and the company is very particular about who they hire.

    ConsThe company is very conservative and fairness is a big deal, so high performers don't get significantly higher salaries and benefits than average performers. It takes a long time to change processes and adopt new technology, although in some areas the company is ahead of the curve.

    Advice to Senior ManagementListen to the subject matter experts more to help drive the direction of the company. Take some more risks and make changes quicker.

    Yes, I would recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    1 person found this helpful  

    Nice place to work. You won't be very rich working here, but neither will you be poor either.

    Information Systems - Systems Consultant (Current Employee) Milwaukee, WI

    ProsGreat work environment. Everyone is very respectful of each other. They treat their employees quite well.

    ConsThe salaries are not very competitive. They need to a better job in that area.

    Advice to Senior ManagementNeed to make the salaries more competitive. Need to reduce the number of management layers.

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    1 person found this helpful  

    Great company; Great employees

    Manager (Current Employee) Milwaukee, WI

    ProsCareer opportunities; great benefits; great free lunch; great campuses.

    ConsNo many. With the growth of the company, getting things accomplished takes more time because there's more process/red tape to go through than in the past.

    Advice to Senior ManagementMore empowerment of lower level management staff. Watch work/life balance issues. With technology, people are always working.

    Yes, I would recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    A great company with tons of opportunity

    Financial Representative (Current Employee) Dallas, TX

    ProsNorthwestern is recognized as the leader in the industry. The training and support are second to none. This is truely a career that you can do for the rest of your life without having to play office politics or worry about getting the next promotion.

    ConsIt's a hard industry, especially for recent college graduates. Building a financial practice is difficult, but there is a very defined method for success. Compensation is straight commission right out of the gate, but that's not a big deal if you do what you're told to do.

    Advice to Senior ManagementThe management is in place to give the financial representatives, especially the young ones, every opportunity to succeed.

    Yes, I would recommend this company to a friend

Worked for Northwestern Mutual? Contribute to the Community!

Your response will be removed from the review – this cannot be undone.