Northwestern Mutual Reviews

Updated September 1, 2015
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3.6
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Recommend to a friend
Approve of CEO
Northwestern Mutual Chairman and CEO John E. Schlifske
John E. Schlifske
343 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

1,466 Employee Reviews

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  1. Good place to work.

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

    Pros

    The insurance products that they have are very highly rated, which is always good for the clients. There is more than enough insurance training available to hone your skills.

    Cons

    Investment training could be a lot better.

    Advice to Management

    Since everyone is an independent agent make sure they know up-front what the office will charge them every month for parking, supplies and things of that nature.


  2. Intern

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    Former Employee - Financial Representative in Nashville, TN
    Former Employee - Financial Representative in Nashville, TN
    Recommends
    Approves of CEO

    I worked at Northwestern Mutual (Less than a year)

    Pros

    Great way to sit down, and evaluate your decisions for life. It is also a great way to teach others financial literacy.

    Cons

    There are no cons to the company


  3. College Financial Representative

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Denver, CO
    Former Employee - Anonymous Employee in Denver, CO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great for learning how to network and they provide great resources to develop as a professional. They have an internship leadership team that interns can work towards, and they have a fun culture.

    Cons

    It is hard networking with people that you know. The job is not for everyone.

    Advice to Management

    Make the daily job duties more well known during the interview process.


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  5. Helpful (3)

    Amazing company with great products to believe in.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Representative in Poughkeepsie, NY
    Current Employee - Financial Representative in Poughkeepsie, NY
    Recommends
    Negative Outlook
    No opinion of CEO

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

    Pros

    Products are great. They pay for training and all initial licensing. They have an assistance program to get you on your feet while you building your practice. Great mentoring program.

    Cons

    100% commission. A great target warm market to have is families just starting out. If you don't have the people to call and the persistence to prospect you will not get very far.


  6. Staff Employee

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Tennessee in Nashville, TN
    Current Employee - Tennessee in Nashville, TN
    Recommends
    Positive Outlook

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

    Pros

    Family atmosphere. Company really cares about what it does for it's clients.

    Cons

    Limited upward growth. Hard to gain new experiences.


  7. "Difficult but worth it"

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Representative in Richmond, VA
    Current Employee - Financial Representative in Richmond, VA
    Recommends
    Neutral Outlook

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

    Pros

    Great staff, mentors, and constant teaching seminars. You will definitely receive a crash course in estate planning if you've never worked in finance before. A lot of opportunity to become successful as well as wealthy. The possibilities are endless if hit the ground running and don't stop grinding for two or more years.

    Cons

    There is NO base salary. Be prepared. If you work hard and follow the system, you can start making some serious money. However that won't happen until your 3rd month in. The more you put in the more you get out of it. However, extremely stressful in maintaining sustainability. The first two years are the most difficult. If you can survive them you'll be golden.

    Advice to Management

    Stop highlight how low Northwestern Mutual's expenses are as a positive thing. That's because you don't provide even a minimum base salary that many of the competitors do. Extend the stipends you give to interns to first year full time reps as well.


  8. Grow Boldly

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

    Pros

    Strong and conservative mid-western company.

    Cons

    Generally slow and gradual change.


  9. Worth it

    Former Employee - Recruiting Intern in Aventura, FL
    Former Employee - Recruiting Intern in Aventura, FL

    I worked at Northwestern Mutual (More than a year)

    Pros

    A very organized company, a great place to learn.

    Cons

    They basically brainwash you to thinking they are the best


  10. Financial Representative

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Representative in Elgin, IL
    Current Employee - Financial Representative in Elgin, IL
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Great people! They really care about who you are not just the amount of money you can bring in. And they are willing to help you bring money in through coaching and mentorship, they don't just send you out on your own like some of the other firms.

    Cons

    They start you off only getting your 6 and 63 with the intent you will focus on insurance sales while you build a larger client base. While this is effective for short term profits, it may differ someone who solely wants to manage money.

    Advice to Management

    Give new recruits the option to get their 7 and 66 right out of the gate. Keep being people who care!


  11. Financial rep

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Dallas, TX
    Current Employee - Anonymous Employee in Dallas, TX
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Some of the pros of being contracted with northwestern mutual Dallas is being in the number one office in the nation. The training is second to none.

    Cons

    Some of the pros of being contracted with northwestern mutual Dallas Is initially building your book from business from scratch with little or no network.

    Advice to Management

    Keep up the good work recruiting and training. Maybe add some type of help for people starting their first career. Keep growing.



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