Northwestern Mutual Reviews

Updated August 28, 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
336 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

1,458 Employee Reviews

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  1. 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.


  2. Finacial Representative

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Representative in San Francisco, CA
    Current Employee - Financial Representative in San Francisco, CA
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Flexible work hours and able to really focus in building your practice. I work with a team that offers great support at all times.

    Cons

    In the beginning it is difficult to see any business coming in. Your income in based on how well you do in your own sales with no leads.

    Advice to Management

    Management is good so far but they do tend to leave you in the dark at times.


  3. 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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  5. Professional, polite, successful career

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Representative in Indianapolis, IN
    Current Employee - Financial Representative in Indianapolis, IN
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    I've truly never worked in a more professional environment that NWM. Everyone is super polite and approachable; any time I have an issue I have no trepidations approaching leadership. The interview process can be a little drawn out. But the sign on bonus and training quickly make up for that. So far I'm doing pretty well here and anticipate sticking around for a while and that's repeated by most, but not all of course, of my peers. Either way if you make it here or not the experience you gain will is definitely transferable to your next career.

    Cons

    Some times there can be down time...but no more than any other firm.


  6. Financial Representative

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

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

    Pros

    Great company with a great track record as the leader in Life Insurance products. Huge potential in compensation.

    Cons

    Very hard to start in this type of business. It takes long hours and phoning/social skills to continually make sales and move up market to bigger cases. 100% commission job with all expenses out of pocket. It will take 2+ years to start making some decent money for the average financial rep.


  7. Great Training

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in San Francisco, CA
    Current Employee - Anonymous Employee in San Francisco, CA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great training. Independent. Lots room to grow. everything based on performance

    Cons

    being responsible for yourself.


  8. Financial Representative

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Representative in Whitewater, WI
    Current Employee - Financial Representative in Whitewater, WI
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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

    Pros

    Create your own schedule No ceiling on what you can earn Great retirement accounts

    Cons

    No base salary is given

    Advice to Management

    Partner up new reps with a senior rep and make them do joint work for every meeting


  9. Financial Representative

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Representative
    Former Employee - Financial Representative
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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

    Pros

    Fantastic training program for sales; Mentors and Coaches all want to see you succeed and will help you do so; Technically unlimited earning potential; You're your own boss, essentially; Ample continued learning opportunities to expand your job responsibilities

    Cons

    Very difficult to get started unless you have a great market; They expect you to utilize warm market (friends and family) from the beginning for sales and referrals, which can get uncomfortable; Must devote a ton of time in order to succeed; Until you build your client base and referral network, income will be inconsistent, since it is purely commission-based.

    Advice to Management

    Need to understand that different people will have different markets. Not every financial rep will have potential A+ clients in their warm markets.


  10. Great Company

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    -Fantastic culture -The sky is the limit -This company puts you in a position to really help people and establish long-term relationships that can only grow.

    Cons

    It is not a business where you make killer numbers right off the bat. It Will take at least 2 months to get the ball rolling. That is assuming you are very proactive.

    Advice to Management

    Keep doing what you are doing. The training is great. Continue to have great relationships with upper management and interns.


  11. Great role when working with seasoned advisor in management role.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate Wealth Management Advisor in Woodbury, MN
    Current Employee - Associate Wealth Management Advisor in Woodbury, MN
    Positive Outlook
    Approves of CEO

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

    Pros

    Flexibility of the career and able to participate in the growth of your rep.

    Cons

    Non-standard hours and always have to be "turned on" hard to turn off working.



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