Northwestern Mutual Reviews

Updated July 31, 2015
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3.6
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Approve of CEO
Northwestern Mutual Chairman and CEO John E. Schlifske
John E. Schlifske
323 Ratings

Pros
  • Unlimited income potential and overall good company (in 56 reviews)

  • Unlimited earning potential, full autonomy with work (in 39 reviews)

Cons
  • You first must meet with people in your initial network whether it be friends and family in order to gain new business or referrals (in 119 reviews)

  • They offer you no base salary and give you minimums to hit (in 46 reviews)

More Pros and Cons

1,415 Employee Reviews

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  1. Assistant Director

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

    I have been working at Northwestern Mutual full-time (More than 3 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Inclusive and supportive culture, high integrity, employees believe they are helping people by helping equip the field to deliver financial security to clients, very intelligent workforce, healthy environment: onsite gym, sit-stand desks, walking dock stations, massage and physical therapists onsite, healthcenter onsite, free lunch to network with coworkers, shoe shine and credit union onsite, Alterra and Starbucks coffee available, continuing education and leadership development courses available

    Cons

    Cumbersome review process, overlapping internal and field-facing communication channels- work duplication, sometimes unclear ownership and responsibility duties, lack of measurable results for some internal projects

    Advice to Management

    Need to evaluate and eliminate non or low-value added projects. Clean up and improve communication channels- employees are overwhelmed and confused where to get information and what should be maintained which makes it difficult to have consistent and focused messaging to the field.


  2. Amazing

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

    I have been working at Northwestern Mutual

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Love the atmosphere everyone in my office is generally layed back and highly productive.

    Cons

    More office supplies, better phones

    Advice to Management

    more office materials


  3. Financial Representative

    Former Employee - Financial Representative Intern in West Bloomfield, MI
    Former Employee - Financial Representative Intern in West Bloomfield, MI

    I worked at Northwestern Mutual (More than a year)

    Pros

    Great training! Gave you support when needed.

    Cons

    Have to find your own clients.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Financial Representative

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Northwestern Mutual full-time

    Pros

    good work atmosphere, high energy

    Cons

    must have alot of self motivation


  6. Financial Representative

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

    I have been working at Northwestern Mutual full-time (Less than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Plan your own work day and you get to decide who you work with. Excellent mentors and training programs that help you off to a great start.

    Cons

    Not much opportunity for joint work unless you seek out someone else. Training regarding joint work and admin tasks lack a little.

    Advice to Management

    Continue mentoring and advanced training.


  7. Make a Change That Makes A Difference

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Executive Director in Evansville, IN
    Current Employee - Executive Director in Evansville, IN

    I have been working at Northwestern Mutual

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    At Northwestern Mutual, financial representatives help people meet their financial goals. They can handle the word ‘no,’ but won't take no for an answer when it means doing the right thing for their client. In doing so, they can build a business that gives them financial independence and time to actually have a life outside of work.

    Cons

    We want people with different backgrounds and work experience, including but not limited to: financial services, sales, military veterans and community influencers. We hope you have a Bachelor of Arts or Science degree from a four-year college or university. It’s also a plus if you have strong interpersonal skills, and are a self-starter who is motivated and has had personal success.


  8. Solid Company

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Northwestern Mutual

    Pros

    Hard working and dedicated employees

    Cons

    Commission based makes it difficult for some


  9. Great Company for the Right People

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

    I have been working at Northwestern Mutual full-time

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Excellent training and development. Amazing culture. Opportunity for advancement if you hold the right positions. Employee appreciation and recognition. Great reputation and standing in the marketplace.

    Cons

    As a recruiter, the carrot is always there but very rarely attainable. Short "life cycle" for certain positions. Reps and advisors can make excellent money while staff does not have the same opportunity.

    Advice to Management

    Invest more into staff roles - you will get your return on that investment if employees have opportunity for growth, advancement and healthy earning.


  10. College Financial Representative

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Northwestern Mutual

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Of all of the many life insurance and financial planning companies out there, Northwestern Mutual does a great job of making the onboarding and training process easy and efficient. I got licensed for life, health, disability, fixed annuities, and LTC quickly and all on NWM's dollar. Great company , solid culture, and they are moving more and more toward providing full financial planning services rather than strictly insurance sales.

    Cons

    Its a sales position, plain and simple, which can be both a pro and a con. Ultimately you get out what you put in, and after a few years of hustling you can be set, making upward of 200K easy. However, you have to be comfortable approaching family and friends tenaciously. For me, having a commission based approach to financial planning creates too much of a vested interest, I prefer fee for service approaches

    Advice to Management

    Perhaps offer reps more opportunities to utilize a fee for service approach


  11. Helpful (1)

    It's a go getter's club

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

    I have been working at Northwestern Mutual (Less than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Flexibility of days and time. Autonomy to run the business my way. High incentive and ability to generate a great income. It's a go gets

    Cons

    Very tough to get started. There is lots of instability at first. You must be a go getter and be willing to put yourself out there.



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