Northwestern Mutual Reviews

Updated March 30, 2015
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3.7
1,671 Reviews
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Northwestern Mutual Chairman and CEO John E. Schlifske
John E. Schlifske
379 Ratings

Pros
  • Unlimited income potential, office culture, ten week program (test drive the industry) (in 56 reviews)

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

Cons
  • Will have to sell life insurance to friends and family which could be awkward for some (in 119 reviews)

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

More Pros and Cons

Employee Reviews

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  1. Working for northwestern mutual is a great experience and you will gain a lot for working with them

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

    I have been working at Northwestern Mutual

    Pros

    - Potential to make money is only limited by how much effort you put in
    - Learn a lot about the finance industry
    - Learn a lot about sales
    - Friendly work environment and culture
    - you actually help people

    Cons

    - Have to create a warm market identifier and contact people you know
    - potential to make no money
    - Training was not as thorough as i expected, have to learn a lot on the job

    Advice to ManagementAdvice

    Fix sales school process

    Recommends
    Positive Outlook
    Approves of CEO
  2. Incredible Opportunity

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Advisor in Wilmington, NC
    Current Employee - Financial Advisor in Wilmington, NC

    I have been working at Northwestern Mutual full-time (more than 8 years)

    Pros

    Unlimited income
    Freedom and flexibility
    Great benefits for independent planners associated with the firm
    Positive environment
    Fun atmosphere
    Great training and support

    Cons

    Position is difficult everywhere (financial advisor, financial planner)
    Have to be disciplined or you will not succeed

    Recommends
    Positive Outlook
  3. Not an easy job, but a great company.

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

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

    Pros

    Northwestern Mutual gives you the tools to succeed and really lays the foundation for success for you to set up and run your own practice. The training, though brief, is in depth and easily applied. When it comes time to sit down with clients, representing the strongest financial services company in the industry really lends you credibility and can make your job easier simply because Northwestern Mutual has some of the best products on the market. The emphasis on joint work cases is really great and the other reps are usually very supportive and doing joint work will increase your knowledge base and exposure immediately.
    Furthermore, at Northwestern you are given maximum flexibility over your schedule and hours. You are in essence running your own business, and the flexibility that comes with that is hard to match.

    Cons

    As far as working for the company goes there are few downsides here. The work is challenging and rejection is a daily occurrence, but if this is the type of work you want to do then there is no better company to work for.

    Recommends
    Positive Outlook
    Approves of CEO
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  5. Great Place to work

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

    I have been working at Northwestern Mutual

    Pros

    Great for new rep Training and growing

    Cons

    Slow adoption of new technology but changing rapidly

    Recommends
    Positive Outlook
    Approves of CEO
  6. Interning at Northwestern Mutual

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

    I worked at Northwestern Mutual

    Pros

    Hands-on experience, expanded my network, gained confidence meeting with clients, great atmosphere, genuinely a good company

    Cons

    Stressful, not a very high pay if you don't sell well, pressure to sell, often working evenings or weekends

    Advice to ManagementAdvice

    I would have liked a more extensive training on some of the more difficult aspects of the work

  7. Great Internship Program

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - Financial Representative in Pittsburgh, PA
    Former Intern - Financial Representative in Pittsburgh, PA

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

    Pros

    Challenged to create own book of business.
    Trained by industry leader and a lot available to learn.
    Amazing Internship Program - VERY helpful resume builder.
    Culture was fun and management was very hands on.

    Cons

    It is an awkward thing to have to use personal contacts to succeed.
    It is also a shame that many who are out only to make money and not bring people value can still succeed at Northwestern Mutual.

    Advice to ManagementAdvice

    Thank you for investing in my life.
    Thanks for being willing to train me and develop me and for creating a community that allows us to all hang out after work.

    Recommends
    Positive Outlook
    Approves of CEO
  8. Stressful but rewarding

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

    I worked at Northwestern Mutual

    Pros

    great internship program for college students or recent grads

    Cons

    long hours, 7 am meetings every monday morning

    Recommends
    Positive Outlook
    Approves of CEO
  9. Great company to work for.

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

    I have been working at Northwestern Mutual

    Pros

    Freedom to run own business.

    Cons

    Lags behind in some of the technology that other companies offer.

    Recommends
    Positive Outlook
    Approves of CEO
  10. 1 person found this helpful

    Good company, very hard work, potentially terrible pay

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

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

    Pros

    They had very flexible scheduling although this was due to the fact that your pay is tied directly to sales. Their training was good and corporate support was very consistent. They have a large amount of training resources.

    Cons

    It is a sales gig. If you can't sale some insurance you do not get paid. All the touchy-feelgood stuff is great and yes you do help people but at the end of the day your calling people to set meetings to sell them something. Just keep this in mind. They are not entirely upfront about this. Also, it is almost entirely commission only. I only had a couple minor sales and actually owed the company money when I quit.

    Advice to ManagementAdvice

    It is a very rough field with a brutal retention rate. They try to be as honest without scaring off all their recruits but maybe a little more transparency about the actual nature of the job up front would be nice.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  11. 1 person found this helpful

    Financial Representative Intern in New Jersey selling life and health insurance.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - College Financial Representative in Morristown, NJ
    Former Intern - College Financial Representative in Morristown, NJ

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

    Pros

    Great environment fostering joint-work. Entrepreneurial spirit motivates workers to sell policies, with fellow workers spurring one another on after rejection.

    Cons

    Difficult business to break in to. Without solid referrals or warm leads -- either friends or friends of friends -- success is most likely limited. Cold calls are prevalent for those without referrals.

    Advice to ManagementAdvice

    Provide one solid lead to each candidate that allows them to get there feet wet. Additionally, allow new employees and interns to go on sales meetings with successful agents to see their process.

    Recommends
    Positive Outlook
    No opinion of CEO

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