Northwestern Mutual

  www.northwesternmutual.com
  www.northwesternmutual.com
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Northwestern Mutual Reviews in Milwaukee, WI

Updated September 20, 2014
Updated September 20, 2014
1,329 Reviews
3.7
1,329 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Northwestern Mutual Chairman and CEO John E. Schlifske
John E. Schlifske
228 Ratings

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)

More Highlights

102 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    AMAZING

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

    I have been working at Northwestern Mutual full-time for less than a year

    Pros

    Self employed, great training, great culture, amazing opportunity

    Cons

    commission is a 100% that is rough

    Advice to ManagementAdvice

    Less focus on the numbers

    Recommends
  2.  

    Good but could be better.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Underwriter  in  Milwaukee, WI
    Current Employee - Underwriter in Milwaukee, WI

    I have been working at Northwestern Mutual full-time for more than 5 years

    Pros

    Great people. Company is very financially sound. Job security.

    Cons

    Lower pay than others in the industry. Outdated systems. Slow to adopt remote work. No work/life balance.

    Advice to ManagementAdvice

    Adopt more modern practices such as remote work. Restructure salary ranges. Invest in better technology.

    Recommends
    Positive Outlook
    Disapproves of CEO
  3.  

    Decent training and great experience in a tough business

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

    I worked at Northwestern Mutual as an intern for less than a year

    Pros

    Lot of good training and experience

    Cons

    Tough market to start in, need to exhaust all personal connection to build client basis

    Recommends
    Neutral Outlook
    Approves of CEO
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  5.  

    Collaborative Environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Milwaukee, WI
    Current Employee - Anonymous Employee in Milwaukee, WI

    I have been working at Northwestern Mutual full-time for more than 10 years

    Pros

    Great people, everyone is very helpful. You can call up a perfect stranger and they will help. Excellent benefits. People in the home office still have a pension which is almost unheard of. Very good work life balance.

    Cons

    Consensus driven organization. Until everyone agrees you don't move forward. Also very old school in use of technology. Meetings are still held face to face and working from home happens rarely depending on the department you are in.

    Advice to ManagementAdvice

    You should do what it takes to keep good workers.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Sr. Budget and Expense Associate

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Budget and Expense Associate  in  Milwaukee, WI
    Current Employee - Senior Budget and Expense Associate in Milwaukee, WI

    I have been working at Northwestern Mutual full-time for more than 5 years

    Pros

    This company is dedicated to the policyowner and it's employees. There are many perks given and the work life balance is great.

    Cons

    The pay here is often lower then what you see a salary for a similar job with another company. They contribute that to the great pension plan that is offered along with the "free" lunch that is not so free since they add that cost in your total compensation package.

    Recommends
    Positive Outlook
  7. 1 person found this helpful  

    NM's Wealth Management Company = Pergatory at best

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Staff Member  in  Milwaukee, WI
    Current Employee - Senior Staff Member in Milwaukee, WI

    I have been working at Northwestern Mutual full-time for more than a year

    Pros

    If you are a below average employee, you will have job security because they don't fire anyone. If you like useless meetings that serve no purpose and accomplish nothing but consuming time, there will be plenty of them. If you would like to work for a company that is obsessed with its unique culture to an almost cult like loyalty, they will serve the kool-aid for you at your free lunch in one of the NM lunchrooms where you can enjoy the company of your fellow followers of the NM Way, NM Truth and NM Life.

    Cons

    They won't fire below average employees. They are obsessed with their culture to the point where dysfunction is excused as just part of the consensus building culture that is the NM Way. Compensation within the Wealth Management Company is below average as compared to the market. There is a lack of leadership - management sets no strategic vision for the department, is disengaged, fails to commit needed resources to support the business and seems to lack experience in the business they have been given responsibility to oversee and grow. Employees are overworked, lack resources and support, get burnt out and leave (if they are lucky).

    Advice to ManagementAdvice

    Senior Management (i.e. management at the life company level) should take a close look at managment within the Wealth Management Company department and consider serious changes.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  8.  

    Great company

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

    I have been working at Northwestern Mutual full-time for more than a year

    Pros

    Help clients, develop a team

    Cons

    my role is commission only

    Recommends
    Positive Outlook
    Approves of CEO
  9. 1 person found this helpful  

    Good company to work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Architect  in  Milwaukee, WI
    Current Employee - Architect in Milwaukee, WI

    I have been working at Northwestern Mutual full-time for more than 5 years

    Pros

    office culture is nice
    reliable company
    job safety

    Cons

    less perks, to grow you need to have connections. Knowing and doing work is not enough.

    Recommends
    Neutral Outlook
    No opinion of CEO
  10. 1 person found this helpful  

    Stable company, dated products

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

    I worked at Northwestern Mutual as an intern for less than a year

    Pros

    Northwestern Mutual is a stable company with a winning business model. They truly care about their policy holders

    Cons

    Sell large quantities of whole life insurance, which is a product that is slowly losing interest in the eyes of the consumer. NM is reluctant to begin selling more modern products.

    Recommends
    Neutral Outlook
    Approves of CEO
  11.  

    Doing right things right

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Training Consultant  in  Milwaukee, WI
    Current Employee - Training Consultant in Milwaukee, WI

    I have been working at Northwestern Mutual full-time for more than 10 years

    Pros

    Northwestern Mutual is the best company in the city to work for. They are a great member of the community and support the employees community involvement through time and financial contributions. They are a large organization with tons of opportunity; you can completely change your career without leaving the company! We have a young CEO who's looking to make a great culture even better. The new motto, "Let's be a force for good" speaks to every role within the organization, always keeping the best interest of our policy owners at the forefront of every decision we make.

    Cons

    Being a large organization there tends to be some beaurocracy in place but campaigns are underway to correct that. Work/life balance is mostly good but some areas of the organization don't offer as much flexibilty for work at home or flexible hours. For long time employees benefits are more costly and confusing than in years past but still a very good benefits package.

    Advice to ManagementAdvice

    Allow employees to embrace, implement "new era behaviors". Mistakes can be learning opportunities. Invest in a learning management system for a better training experience/opportunity.

    Recommends
    Positive Outlook
    Approves of CEO

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