Northwestern Mutual Reviews

Updated March 31, 2015
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3.7
1,674 Reviews
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Northwestern Mutual Chairman and CEO John E. Schlifske
John E. Schlifske
379 Ratings

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 Pros and Cons

Employee Reviews

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  1. A great learning experience about the sales process of certain intricate financial products

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

    I worked at Northwestern Mutual

    Pros

    Learning professional semantics and getting a 'hands-on' experience when working with your Director's clients

    Cons

    Can get to be too aggressive on the sales aspect

    Advice to ManagementAdvice

    A formal internship program with directives and narratives

    Recommends
    Positive Outlook
    No opinion of CEO
  2. Working for northwestern mutual is a great experience and you will gain a lot for working with them

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Representative in La Jolla, CA
    Current Employee - Financial Representative in La Jolla, CA

    I have been working at Northwestern Mutual

    Pros

    - Potential to make money is only limited by how much effort you put in
    - Learn a lot about the finance industry
    - Learn a lot about sales
    - Friendly work environment and culture
    - you actually help people

    Cons

    - Have to create a warm market identifier and contact people you know
    - potential to make no money
    - Training was not as thorough as i expected, have to learn a lot on the job

    Advice to ManagementAdvice

    Fix sales school process

    Recommends
    Positive Outlook
    Approves of CEO
  3. Great experience if you have no problem calling on all of your friends and family to meet with you.

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

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

    Pros

    Great sales training. Great people. Can make a lot of money if you are very outgoing and aggressive.

    Cons

    A lot of "warm" calling and trying to meet with anyone and everyone. I always felt a little skeezy and like I was bothering people.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5. Highly sales-based, highly commission-based

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

    I worked at Northwestern Mutual

    Pros

    experience in meeting and speaking with clients

    Cons

    all based on selling a product

    Advice to ManagementAdvice

    focus more on teaching about the insurance itself rather than selling the insurance

    Doesn't Recommend
    Neutral Outlook
  6. Incredible Opportunity

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

    I have been working at Northwestern Mutual full-time (more than 8 years)

    Pros

    Unlimited income
    Freedom and flexibility
    Great benefits for independent planners associated with the firm
    Positive environment
    Fun atmosphere
    Great training and support

    Cons

    Position is difficult everywhere (financial advisor, financial planner)
    Have to be disciplined or you will not succeed

    Recommends
    Positive Outlook
  7. Not an easy job, but a great company.

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

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

    Pros

    Northwestern Mutual gives you the tools to succeed and really lays the foundation for success for you to set up and run your own practice. The training, though brief, is in depth and easily applied. When it comes time to sit down with clients, representing the strongest financial services company in the industry really lends you credibility and can make your job easier simply because Northwestern Mutual has some of the best products on the market. The emphasis on joint work cases is really great and the other reps are usually very supportive and doing joint work will increase your knowledge base and exposure immediately.
    Furthermore, at Northwestern you are given maximum flexibility over your schedule and hours. You are in essence running your own business, and the flexibility that comes with that is hard to match.

    Cons

    As far as working for the company goes there are few downsides here. The work is challenging and rejection is a daily occurrence, but if this is the type of work you want to do then there is no better company to work for.

    Recommends
    Positive Outlook
    Approves of CEO
  8. financial representative review

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

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

    Pros

    income potential, freedom to choose your schedule

    Cons

    commission only, grinding environment, sink or swim

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9. The training was great, the support was not

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

    I have been working at Northwestern Mutual

    Pros

    Great training, learn from experts

    Cons

    Bad follow up/follow through. Not connected enough with new reps

    Advice to ManagementAdvice

    Stay connected with new Advisors

    Recommends
    Neutral Outlook
    Approves of CEO
  10. Interning at Northwestern Mutual

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

    I worked at Northwestern Mutual

    Pros

    Hands-on experience, expanded my network, gained confidence meeting with clients, great atmosphere, genuinely a good company

    Cons

    Stressful, not a very high pay if you don't sell well, pressure to sell, often working evenings or weekends

    Advice to ManagementAdvice

    I would have liked a more extensive training on some of the more difficult aspects of the work

  11. Not a very satisfying internship experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Intern - College Financial Representative in Manchester, NH
    Current Intern - College Financial Representative in Manchester, NH

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

    Pros

    The people are very friendly and do everything they can to help you. The compensation is $100 a week and then its all commissions, so if you do well you can make a lot of money.

    Cons

    They pretty much just want you to sign all your family and friends to life insurance policies and then don't expect you to make it full time. They essentially milk you dry and then you have no real leads on a real career for your future. I do not recommend this job unless you have a very slimy personality, because to be honest it takes a manipulative and shady individual to be truly successful in this career. Horrible benefits and when you convert full time it is 100% commission and a lot of people fail. Would not recommend this job to a friend

    Advice to ManagementAdvice

    Work on your benefits package, give a base salary to help people out, and enough with the greasy salesman approach, I felt like such a scumbag working here

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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