Northwestern Mutual

www.northwesternmutual.com

Northwestern Mutual Reviews

Updated January 31, 2015
Updated January 31, 2015
1,568 Reviews
3.7
1,568 Reviews
Rating Trends

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Northwestern Mutual Chairman and CEO John E. Schlifske
John E. Schlifske
340 Ratings

Review Highlights

Pros
  • Unlimited income potential, office culture, ten week program (test drive the industry) (in 56 reviews)

  • Unlimited earning potential, full autonomy with work (in 39 reviews)


Cons
  • Will have to sell life insurance to friends and family which could be awkward for some (in 119 reviews)

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

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    a great experience but wasn't for me

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

    I worked at Northwestern Mutual (less than a year)

    Pros

    Unlimited earning potential. Work at your own pace. Manage your own schedule without strict managerial supervision

    Cons

    Commission based until you gain renewals. Lack of strict supervision can be bad for people without a strong work ethic

    Advice to ManagementAdvice

    This is a great company with good values and it was such a great experience working for you as a financial rep. Keep up the good work!

    Also some advice, hire me in HR!

    Recommends
    Positive Outlook
  2.  

    Financial Representative

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

    I have been working at Northwestern Mutual as an intern (more than a year)

    Pros

    Create your own hours and schedule, rewarding, strongest company in the industry, fantastic support and learning environment, reps are treated very well, created a simple, repeatable process. As part of the College program I highly recommend it because the experience and knowledge you gain about being a professional and about financial services is invaluable. However, I do not see myself pursuing this career post-graduation.

    Cons

    Commission, no base pay. It is very challenging at beginning of career to build your book of business (no leads are provided, they are all self-generated). In order to create any success, you must call every person you've ever met at the beginning. If this is a problem for you, you will not be able to make it in the first few months. Full time reps very often end up working 40+ hours a week, you definitely don't leave work at work, it comes home with you.

    Advice to ManagementAdvice

    Base pay would be very helpful.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Invaluable Personal/Professional Development

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

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

    Pros

    -Strengthens character
    -No limit to how much you can make
    -Flexibility/ great work/life balance
    -Impact on individuals and families lives
    -Able to manage own practice

    Cons

    -Difficult to get started
    -Must be able to reach out to personal network
    -Based off of who you know in the community
    -Must have a hunger/ great desire to succeed

    Advice to ManagementAdvice

    help FR's with great potential (without an already established network/ book of business) to get started by brainstorming different strategies/ help them to connect with the right people in the community.

    Recommends
    Positive Outlook
    Approves of CEO
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  5. 1 person found this helpful  

    The BEST business EVER

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

    I have been working at Northwestern Mutual

    Pros

    Unlimited Income Potential

    Autonomy and Ability to Work on Your Own Schedule

    Cons

    Ramp up time is up in the air and dependent on your personal work ethic

    Recommends
    Positive Outlook
  6. 1 person found this helpful  

    Financial Advisor

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

    I have been working at Northwestern Mutual

    Pros

    You could make great income here. A well rounded advisor has both a great insurance business AND a great book of investment business. Overtime, the clients really appreciate the work done for them.

    Cons

    Income is volatile at times. Reorganization of local management can be distracting, particularly for new advisors coming in.

    Advice to ManagementAdvice

    Don't forget about veteran guys.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Lots of opportunity

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

    I worked at Northwestern Mutual

    Pros

    Started in a different department and transferred after 1.5 years - after boss saw talent.

    Cons

    Salary could be higher, recognition

    Advice to ManagementAdvice

    Recognize talent

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Good Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Representative Intern in Rochester, NY
    Former Employee - Financial Representative Intern in Rochester, NY

    I worked at Northwestern Mutual

    Pros

    Personal growth, independence, networking, personal finance exposure. This position requires a large amount of personal accountability, but is rewarding if you intend to pursue a career in life insurance.

    Cons

    If you do not work very hard all the time, it is hard to get your business going. It is possible to get burned out if you are not very passionate about the job and the industry.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Great company with a chance to make a lot of money.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Representative Assistant in Mount Pleasant, MI
    Former Employee - Financial Representative Assistant in Mount Pleasant, MI

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

    Pros

    They give you all the tools to succeed. Your success is based on how much and how hard you want to work. If you put in the time and effort than you will definitely be successful at Northwestern Mutual.

    Cons

    Commission only, no base salary. Its pretty rough at the beginning because of the job being commission only, dont expect a paycheck for at least a couple months.

    Advice to ManagementAdvice

    More training on sales language for interns and entry level employees.

    Recommends
    Positive Outlook
    Approves of CEO
  10. 1 person found this helpful  

    Best decision I ever made

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

    I have been working at Northwestern Mutual full-time (more than 5 years)

    Pros

    Atmosphere, culture, values, opportunities, just to name a few.

    Cons

    The start up of building a client base is harder than you think it is....worth it though!

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    I had a great experience interning as a financial representative.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Representative Intern in Westport, CT
    Former Employee - Financial Representative Intern in Westport, CT

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

    Pros

    Great people, good interpersonal business experience

    Cons

    Slow start to earning a consistent income

    Advice to ManagementAdvice

    Great mentors, should focus on developing young employees phone communication skills

    Recommends
    Positive Outlook

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