Northwestern Mutual

  www.northwesternmutual.com
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Northwestern Mutual Reviews

These reviews contributed towards 2010's Best Places to Work recognition. See ratings and reviews for all time.

Review Highlights

Pros
  • If you are one of the few that make it (5%), there is unlimited income potential(in 54 reviews)

  • Unlimited earning potential, full autonomy with work(in 36 reviews)


Cons
  • Will have to sell life insurance to friends and family which could be awkward for some(in 107 reviews)

  • No base salary, commission based work is one of challenge for me(in 40 reviews)

72 Employee Reviews
Relevance Date Rating
in
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

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

    Financial Representative (Current Employee) Lombard, IL

    ProsCareer 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.

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

    Yes, I would recommend this company to a friend

    • Work/Life Balance
    • Senior Management
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    • Approves of CEO

     

    Decent Place to Work

    Investment Operations Associate (Current Employee) Richmond, VA

    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 Senior ManagementThe 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.

    • Work/Life Balance
    • Senior Management
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    • Career Opportunities
    • Approves of CEO

     

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

    Financial Representative Intern (Current Employee) Houston, TX

    ProsTruly run your own financial services practice.

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

    Advice to Senior Managementnone

    No, I would not recommend this company to a friend

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    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

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

    Sales Representative (Former Employee)

    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 Senior ManagementOverall 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+.

    Yes, I would recommend this company to a friend

    • Work/Life Balance
    • Senior Management
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    Good if you have the drive

    Financial Representative (Current Employee) Richmond, VA

    Prosnorthwestern is a fantastic company

    Cons100% commission which can be very up and down

    Advice to Senior Managementmore support in networking

    Yes, I would recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    One of the best companies to work for

    Systems Specialist (Current Employee) Milwaukee, WI

    ProsNM 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.

    ConsThe 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 Senior ManagementBe 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.

    Yes, I would recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    50/50 - a harder sell during tough economic times

    Associate Wealth Management Advisor (Former Employee)

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

    ConsZero 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 Senior ManagementIncrease marketing efforts, loosen your tie a bit :)

    • Work/Life Balance
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    • Career Opportunities
    • Approves of CEO

     

    Northwestern Mutual is one of the best places to work

    Anonymous Employee (Current Employee) Orlando, FL

    ProsGreat 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.

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

    • Work/Life Balance
    • Senior Management
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    • Approves of CEO

    1 person found this helpful  

    internship

    College Financial Representative (Current Employee) Salt Lake City, UT

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

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

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

    Yes, I would recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

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

    Financial Services Representative (Current Employee)

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

    ConsMust pay for many of your own expenses.

    Advice to Senior ManagementMaybe take a percentage point or two off of commissions and stop nickel and diming your employees.

    Yes, I would recommend this company to a friend

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