Northwestern Mutual Reviews

Updated March 27, 2015
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3.7
1,668 Reviews
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Northwestern Mutual Chairman and CEO John E. Schlifske
John E. Schlifske
377 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. 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
  2. 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

  3. 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
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  5. 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
  6. 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
  7. 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
  8. 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
  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 full-time (more than 10 years)

    Pros

    Good (not great) benefit package including health, dental and optical insurance. 401k with match and cash value plan. If you don't mind the snow and cold. the greater Milwaukee area is a great place to live.

    Cons

    Great pension plan was replaced by cash value plan which was disappointing but understandable. It is difficult to find a mentor within the company; however, that is changing.

    Advice to ManagementAdvice

    N/A

    Recommends
    Positive Outlook
  10. Great experience, not for me

    • 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

    Wonderful, helpful co-workers. Want to see you succeed. Interested in your personal growth as well as professional growth. Learned a lot of life skills.

    Cons

    dog eat dog, sink or swim in the business. You get out of it what you put in. Need extremely tough skin, self discipline and organization.

    Advice to ManagementAdvice

    Have technologies available that allow employees to succeed.

    Recommends
    Positive Outlook
    Approves of CEO
  11. 1 person found this helpful

    Make sure you have a big network

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Advisor in Baltimore, MD
    Former Employee - Financial Advisor in Baltimore, MD

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

    Pros

    Independence, income potential, a lot of really nice staff, you really get some great sales experience, own your own business

    Cons

    It's the friends and family approach. You will be doing joint work with a more senior member, they will get half of what you sell, and it will be to your friends and family

    Advice to ManagementAdvice

    When doing joint work with the reps, make sure you do prospecting with them and show them how its done. Also, it's totally insurance focused. All awards are insurance focused, the production report is insurance focused. Make it more investment focused and expand your platform

    Recommends
    Positive Outlook
    Approves of CEO

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