Northwestern Mutual

  www.northwesternmutual.com
  www.northwesternmutual.com

Northwestern Mutual Reviews

These reviews contributed towards 2010's Best Places to Work recognition. See ratings and reviews for all time.
76 Reviews
3.9
76 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Northwestern Mutual Chairman and CEO John E. Schlifske
John E. Schlifske
72 Ratings

Review Highlights

Pros
  • If you are one of the few that make it (5%), there is unlimited income potential (in 56 reviews)

  • Unlimited earning potential, full autonomy with work (in 37 reviews)


Cons
  • Will have to sell life insurance to friends and family which could be awkward for some (in 117 reviews)

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

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Great place to work, and when I say work, I mean WORK.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Financial Representative in Lombard, IL
    Current Employee - Financial Representative in Lombard, IL

    I have been working at Northwestern Mutual

    Pros

    Career education, growth, and great opportunity.
    Good quick training.
    Potential for unlimited income.
    Great support for your first year in the business (enhanced commissions)
    Friendly work environment.
    Good people in general.
    Recognition and rewards for accomplishments.

    Cons

    Lack of support when it comes to leads.
    Tough place to start out straight out of college.
    Management varies from office to office (Could be good, could be bad) In my case bad.
    Life insurance is the center of attention and the number one recommendation to each prospect.

    Advice to ManagementAdvice

    Supervise those in charge and make sure they stay on topic (be relevant). Some of the people in management are egotistical and quite frankly rude.

    Recommends
    Approves of CEO
  2.  

    Decent Place to Work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Investment Operations Associate in Richmond, VA
    Current Employee - Investment Operations Associate in Richmond, VA

    I have been working at Northwestern Mutual

    Pros

    -Great work schedule
    -Positive atmosphere and amazing coworkers
    -Good Job security
    -Gained valuable expeirence in the financial services industry
    -Had a wonderful and flexible boss and management in general

    Cons

    -No real opportunity for career advancement
    -Very little job responsibility
    -Pay was not great, and benefits were below average as well
    -Had to work on all days the stock market was open.

    Advice to ManagementAdvice

    The management needs to take a better look at the benefits for retaining staff memebers. They are not able to hire young talent because there is no incentive for them to come. Management also needs to identify intelligent employees and give them more responsibility.

    Approves of CEO
  3.  

    Absolutely great company, unquestionably elite in life insurance, but benefits to employees are lacking.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Financial Representative Intern in Houston, TX
    Current Employee - Financial Representative Intern in Houston, TX

    I have been working at Northwestern Mutual

    Pros

    Truly run your own financial services practice.

    Cons

    Sales cycle/language techniques lean on the more manipulative side. Selling insurance is not for everybody.

    Advice to ManagementAdvice

    none

    Doesn't Recommend
    Approves of CEO
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  5.  

    A Great Place to work....but be ready for a great challenge.

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

    I worked at Northwestern Mutual

    Pros

    -Good People
    -A common respect shared with everyone
    -Pay can be very high if you tough it out

    Cons

    -Can be expensive to start
    -No Salary whatsoever
    -Small "incentive" package to get you started
    -Can be hard to convince people to save money for a rainy day when it is raining outside

    Advice to ManagementAdvice

    Overall good Job and good communication between management and the people in the network. Just like any other company, there can be mis-communications, but it is an overall good environment to work for if you have a good contact list and are ready to work 70 hours+.

    Recommends
    Approves of CEO
  6.  

    Good if you have the drive

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

    I have been working at Northwestern Mutual

    Pros

    northwestern is a fantastic company

    Cons

    100% commission which can be very up and down

    Advice to ManagementAdvice

    more support in networking

    Recommends
    Approves of CEO
  7.  

    50/50 - a harder sell during tough economic times

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Associate Wealth Management Advisor
    Former Employee - Associate Wealth Management Advisor

    I worked at Northwestern Mutual

    Pros

    Decent managers generally speaking (depends on your location), solid in their niche of the market, good reputation in most scenarios

    Cons

    Zero salary incentive,
    Not as well known publically as some of the competitors in many of the potential markets.
    Conservative marketing approach most of the time.
    Some political pandering within the sales ranks.
    At this time, a lot of prospective clients don't have much to contribute to their future financial planning

    Advice to ManagementAdvice

    Increase marketing efforts, loosen your tie a bit :)

    No opinion of CEO
  8.  

    Northwestern Mutual is one of the best places to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in Orlando, FL
    Current Employee - Anonymous Employee in Orlando, FL

    I have been working at Northwestern Mutual

    Pros

    Great company, highest ratings and recognition. Excellent training and support from home office. Excellent benefits and awards. Would recommend to anyone who would like to start their own business and be their own boss.

    Cons

    Cons to working at Northwestern Mutual are that you are not only in competion with other providers you are in competition with your own company. Joint work can be messy.

    Advice to ManagementAdvice

    Provide more training in how to deal with joint clients and competing for business with representatives in the same office.

    Approves of CEO
  9. 1 person found this helpful  

    internship

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - College Financial Representative in Salt Lake City, UT
    Current Employee - College Financial Representative in Salt Lake City, UT

    I have been working at Northwestern Mutual

    Pros

    easy money, you also learn a lot about the financial services industry and whether or not it is a place for you

    Cons

    the internship is a sales job, and you need to be comfortable asking friends and family to purchase insurance from you

    Advice to ManagementAdvice

    there is definitely good help at the firm for you, although sometimes they are more interested in their own practice than helping you

    Recommends
    Approves of CEO
  10.  

    Good place to work if you have the right personality/ability

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Financial Services Representative
    Current Employee - Financial Services Representative

    I have been working at Northwestern Mutual

    Pros

    Good work/life balance and the people working there have been great in my experience.

    Cons

    Must pay for many of your own expenses.

    Advice to ManagementAdvice

    Maybe take a percentage point or two off of commissions and stop nickel and diming your employees.

    Recommends
    Approves of CEO
  11.  

    One of the best companies to work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Systems Specialist in Milwaukee, WI
    Current Employee - Systems Specialist in Milwaukee, WI

    I have been working at Northwestern Mutual

    Pros

    NM has a great benefits package and listens to their employees. The work-life balance is important to this company, and its something that comes up during review periods if you seem to be spending too much time at the office. Work at home is flexible within the Information Systems department, so if something comes up (you or child is sick, errands to run, delivery expected) you are allowed to work at home.

    Cons

    The pay is low compared to similar jobs outside the company, but the benefits make up for it. There is a lot of bureaucracy at the company, and its very difficult to get a systems change done. Plus, the rules governing the systems change process is about to get a lot more restrictive, making any systems administrator's job a LOT more difficult! The reason behind the red tape is that it's imperative systems remain available to our clients, as any down time results in lost revenue. Which is understandable, but still makes our jobs harder.

    Advice to ManagementAdvice

    Be a little more lenient in the change management process. Also realize that it seems some teams do not follow the change management process at all, while other teams follow it exactly. There needs to be some more accountability on teams not following the CM process.

    Recommends
    Approves of CEO

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