Northwestern Mutual Reviews

Updated August 20, 2015
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Northwestern Mutual Chairman and CEO John E. Schlifske
John E. Schlifske
29 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

235 Employee Reviews

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  1. Helpful (1)

    Working at Northwestern Mutual

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Representative
    Current Employee - Financial Representative
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Great company, great learning experience and training. Very high income potential, but not likely to reach a decent income unless you are connected to a network of wealthy people looking for something to do with their money.

    Cons

    All commission, most likely will not last there very long. Even plenty of the people that have been there a while and seem like they are doing really well are really making under 30k when you factor in all the expenses. Considering how hard they work for that 30k its really not worth it.

    Advice to Management

    Change the compensation structure and don't hire as many people as you can knowing they won't survive.


  2. Financial Representative Internship

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Financial Representative Intern in San Francisco, CA
    Former Intern - Financial Representative Intern in San Francisco, CA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Northwestern Mutual has good products and services to offer, as well as experienced agents that you get the chance to work along side with. Also they have a good initial training program.

    Cons

    Misleading about the internship program, felt they leave you in the dark about certain areas. For example, during the interview process they mentioned how their agents never cold call and they don't expect you to cold call, that is a total lie. Also they want you to sell to your "warm market" which means your immediate family and friends. The internship is unpaid unless you make a sale or go to development meetings. Although once again they are unorganized and slow to pay you, after you attended development meetings. The list goes on, but hopefully you get the gist.

    Advice to Management

    Be clearer and more descriptive about the internship program as a whole and what it entails.


  3. Typical Sales Position

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

    I worked at Northwestern Mutual (More than a year)

    Pros

    - Great training program. It helps in all aspect of workplace environments enabling people to be better socially.

    Cons

    - 100% Commission - No benefits - Just another number, don't really care about their employees


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  5. With the company 22 years

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Communication Specialist in Oak Creek, WI
    Former Employee - Communication Specialist in Oak Creek, WI
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Northwestern Mutual full-time (More than 10 years)

    Pros

    When management is good, then the work life balance is tolerable. When there are wrung climbers in leadership, then the work life balance is intolerable.

    Cons

    The company is always behind the times. They always react to the situation rather than be proactive .in leadership, then the work life balance is intolerable.

    Advice to Management

    Treat your employees as you would valued family members, rather than a means of promoting your agenda


  6. Salary

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

    Pros

    Commission based, free to do your own thing.

    Cons

    Calling people you know to sell them something


  7. Helpful (1)

    Associate Financial Representative

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    Former Employee - Associate Financial Representative in Paramus, NJ
    Former Employee - Associate Financial Representative in Paramus, NJ
    Doesn't Recommend

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

    Pros

    I was a salaried employee and my time off was flexible. The insurance products really are some of the best in the business.

    Cons

    Any assistant, office manager, receptionist, recruiter, or AFR position is not a position held through Northwestern Mutual. You will be hired and paid by a Financial Rep or Adviser to be his assistant, manager, etc. This creates inconsistencies in the positions as the rep hiring you sets the pay, which may or may not be consistent with what others in your position make. This is mostly dependent on how successful the Rep is. You may be the only assistant and need to handle a huge load or you may be farmed out to other reps so they can split your salary, with no benefit to you. It is similar to working for a small business owner...no HR to support you and meager, if any, benefits. In fact, may of the reps do not even offer their employees a 401(k), in spite of the fact that they encourage their clients to actively participate in their own. The office systems are often inconsistent as well and every office and Rep has their own procedures...very confusing. An AFR for one Rep may accompany them to meetings or directly make sales calls, while another Rep's AFR is more of an office manager.

    Advice to Management

    Too many inconsistencies, stop depending on Reps to iron those out and put procedures in place to streamline everyone.


  8. Great Place for a Select Few

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

    I have been working at Northwestern Mutual full-time

    Pros

    Free Lunch and decent benefits

    Cons

    Not accepting of new ways to work.


  9. Internship

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Intern in Los Angeles, CA
    Former Employee - Intern in Los Angeles, CA

    Pros

    nothing, nice building and fellow interns

    Cons

    No training, SALES SALES SALES with little product knowledge training.

    Advice to Management

    Train, salary.


  10. Tough job out of college

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

    I worked at Northwestern Mutual (Less than a year)

    Pros

    Very lucrative business, have the ability to make a lot of money. Give you lots of training in order to be successful. Products are very good.

    Cons

    Do not give you all the information in interview process. After being in the business you all told different things about requirements to hit for minimums and bonuses. Employees have to pay for everything even when you haven't made a dime yet in the business. Very tough for out of college graduates. Very sketchy in many aspects.

    Advice to Management

    Be more up front about what the job entails instead of showing the potential for income. Gets young student very excited and don't see what is really going on.


  11. Helpful (1)

    Internal Recruiter

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Recruiter in Denver, CO
    Former Employee - Recruiter in Denver, CO
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    Pros

    Great training and development to become a solid recruiter, great culture and team environment.

    Cons

    Very low pay, a lot of pressure for not much recognition.

    Advice to Management

    Pay your recruiters more. They are the cornerstone of your business.



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