Northwestern Mutual

  www.northwesternmutual.com
  www.northwesternmutual.com

Northwestern Mutual Reviews

Updated October 24, 2014
Updated October 24, 2014
1,405 Reviews
3.7
1,405 Reviews
Rating Trends

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Northwestern Mutual Chairman and CEO John E. Schlifske
John E. Schlifske
266 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 37 reviews)


Cons
  • Will have to sell life insurance to friends and family which could be awkward for some (in 115 reviews)

  • There is no base salary so getting started is very difficult (in 46 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1. 1 person found this helpful  

    A great place to learn sales skills

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Northwestern Mutual

    Pros

    unbelievable opportunity to own and grow your own pratice

    Cons

    the job at the end of the day is sales

  2.  

    Financial Representative

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

    I have been working at Northwestern Mutual full-time (more than an year)

    Pros

    The people you work with are great. The atmosphere within the company is outstanding. You work hard, but also play hard. The training you go through is second to none. You have the opportunity to work with the type of clients you desire and have the chance to control your salary.

    Cons

    Work life balance can be difficult at times. The pay can be inconsistent due to you are paid on commission. The job is tough because you are essentially running your own business and are responsible of developing your own clientele.

    Advice to ManagementAdvice

    The internship program should be more challenging.

    Recommends
    Positive Outlook
    No opinion of CEO
  3.  

    Intern

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

    I worked at Northwestern Mutual as an intern

    Pros

    Great experience I loved working with people

    Cons

    Its hard to sell life insurance

    Advice to ManagementAdvice

    More mentorship

    Recommends
    Approves of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review
  5.  

    Great company with excellent management

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

    I worked at Northwestern Mutual as an intern

    Pros

    There's a great sense of camaraderie among the employees and interns. The training program prepares you for the field very well. The training program is run by current employees who give their outlook on what it takes to be successful in the career. Beneficial to hear from lots of people because what works for one may not work for another. The work is very entrepreneurial, so lots of flexibility with hours.

    Cons

    Facing rejection is tough, so really need to be motivated to continue on. Pay is commissions based.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    College Financial Representative

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Northwestern Mutual as an intern (more than an year)

    Pros

    Freedom to make your own hours, give you excellent training and all the tools to succeed.

    Cons

    Don't expect to make huge money as an intern. You are treated like an employee which is great but you trying to balance school and work can be difficult.

    Advice to ManagementAdvice

    Keep doing what you're doing.

  7.  

    Financial Representative

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

    I have been working at Northwestern Mutual part-time (less than an year)

    Pros

    Great people
    Fantastic work/life balance where you control your work schedule
    Income potential is limitless
    Work culture and atmosphere is phenomenal.

    Cons

    -100% commission can make for very tough beginnings in the business
    - running out of people to call is common for young reps and can make it difficult to progress

    Advice to ManagementAdvice

    Longer training time to give new reps a better start in the business

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    At times my position is very satisfying, at times very challenging, overall company has stellar reputation/integrity.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Director of Recruitment in Boston, MA
    Current Employee - Director of Recruitment in Boston, MA

    I have been working at Northwestern Mutual full-time (more than an year)

    Pros

    Company is very well regarded by nearly everyone I speak with, it has excellent reputation for high integrity, doing the right thing and for the right person provides for exceptional personal growth.

    Cons

    The challenges are mostly that you have to be very self-starting, driven, consistent with activity, accountable to achieve results

    Advice to ManagementAdvice

    Embrace more current technology, especially with recruitment, applicant tracking system and try to open up lines of communication between HO and the NO/DOs

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Great Place to Learn the Industry

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Representative in New York, NY
    Former Employee - Financial Representative in New York, NY

    I worked at Northwestern Mutual full-time (less than an year)

    Pros

    Top quality, exclusive products offered through Northwestern Mutual's insurance branch. Very supportive office culture and training staff. Multiple levels of support built into the corporate structure, which make you feel like you are a part of something rather than just a number. Stipends and high commission for first year are definitely a plus. Offer Series 6 and 63 certification among others the further along you get.

    Cons

    Need to have a healthy market to begin with. Difficult to "turn off" at the end of the workday. Somewhat negative connotation towards insurance makes your higher commission products a bit more difficult to pitch, but if you can get someone to hear you out on the benefits of these products, there is so much potential there.

    Advice to ManagementAdvice

    Acknowledge that cold calling should be mixed in with warm market leads ASAP rather than when you are losing steam, so as to prolong the life of the warm market and take the edge off of days of cold calling.
    Need to have personalized business cards ready upfront as the generic Northwestern Mutual business cards caused some confusion/didn't instill a sense of authenticity or credibility to the financial representative.

    Recommends
    Neutral Outlook
    Approves of CEO
  10.  

    Great people, but limited career growth

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

    I worked at Northwestern Mutual full-time (more than an year)

    Pros

    Really enjoyed management and everyone I worked with and for, really felt like a family. Houston firm is very centered on Christian values, and everyone truly believes in what they are doing and the impact they are making on others.

    Cons

    Although I had a great team to work with, and they felt like family, there were limited career opportunities for me unless I wanted to move into a financial representative role. This is through no fault of the firm, however, as my aspirations were outside of what the company was able to provide me, i.e. more employee development opportunities, opportunities for international travel.

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Home Office - nice colleagues & work environment

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

    I worked at Northwestern Mutual

    Pros

    people stay, so you're generally working with smart people who are motivated to do great work that they will want to be associated with for years to come
    fair compensation, demanding expectations, consistent focus on budget and cost management makes spending for comp, etc. consistent but not at the higher end for mid level management
    outstanding community focus - it feels good to be part of something that changes lives

    Cons

    people stay, so you can wait a long time for advancement

    Advice to ManagementAdvice

    nice work - keep communicating!!

    Recommends
    Positive Outlook
    Approves of CEO

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