Northwestern Mutual

  www.northwesternmutual.com
  www.northwesternmutual.com

Northwestern Mutual Reviews

These reviews contributed towards 2011's Best Places to Work recognition. See ratings and reviews for all time.
119 Reviews
3.7
119 Reviews
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Northwestern Mutual Chairman and CEO John E. Schlifske
John E. Schlifske
0 Ratings

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 37 reviews)


Cons
  • Will have to sell life insurance to friends and family which could be awkward for some (in 113 reviews)

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

More Highlights

Employee Reviews

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  1.  

    Financial Representative

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Financial Representative in New York, NY
    Current Employee - Financial Representative in New York, NY

    I have been working at Northwestern Mutual

    Pros

    Great opportunity to succeed in self-employment while having the brand and support of a very high quality company with a great reputation. Excellent training and home office support. Financial ratings are the highest, which helps with obtaining new customers.

    Cons

    You need self-discipline and hard work to succeed.

    Advice to ManagementAdvice

    Enhanced advertising of the Northwestern brand could help its agents succeed.

    Recommends
    No opinion of CEO
  2.  

    Review of NML

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

    I have been working at Northwestern Mutual

    Pros

    You won't find a better traininng program for an internship. The opportunity for advancement is great. The people are awesome to work with. A ton of special events for interns. If you fit into the financial services industry there is not a better place out there to work with a balanced approach to financial security. Great place to learn industry through mentor programs and "joint work" with experienced colleagues on cases.

    Cons

    Very Delayed gratification and pay, working on commission is tough. As an intern sometimes your age is discriminated agaist with potential clients.

    Advice to ManagementAdvice

    Make tougher standards, MDRT by the 5th year and for interns power of 10 in the first 4 months.

    Recommends
    Approves of CEO
  3.  

    Good

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

    I have been working at Northwestern Mutual

    Pros

    Great company with ethical values and strong leadership.
    -Growth Opportunity
    -Income
    -Values
    -Fun team environment
    -Independence but still supported
    -

    Cons

    Considerable work upfront and delayed pay off. Pay off fair when received. Not for everyone without apptitude to own business and compete.

    Advice to ManagementAdvice

    Keep up the support/leadership. Make available training opportunities more known- they are good but relatively unknown. Amazing job at honoring policy holders.

    Recommends
    No opinion of CEO
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  5. 3 people found this helpful  

    NFMN- For a College Grad.

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

    I worked at Northwestern Mutual

    Pros

    Sky is the limit. You control your own destiny... You wear a suit to work everyday. You write lives. You have the greatest job in the world.

    Once you fail at this job and you interview at other places...most employers will just laugh and not even care that you failed here...because they know what a joke NMFN is.

    Cons

    You have to pay for EVERYTHING! You really are running your own business. If you don't have friends that are working or that you don't think your friends will give you referrals you might as well not start. The first 6 months are the most important 6 months at that position and if you don't write more than 25 lives...I'd recommend leaving....your just not going to make it unless your writing huge premiums.

    Management tries to impress you with nice suits, nice cars, and taking you out for drinks...but I'd ask management to have a new rep take you out and see what you'll be living like for 3-5 years. I'd also ask management to tell you how many reps have quit within the last year. Its a high turnover position.

    Advice to ManagementAdvice

    Just be honest with reps. Don't try and sugarcoat it. Be straight forward. If you see a kid is going to fail...just cut him. Don't try and make him listen to tapes, and don't have him re-read Granum. Just let him go.

    Doesn't Recommend
    No opinion of CEO
  6.  

    Salesman, nothing more, nothing less

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - College Financial Representative in Boulder, CO
    Current Employee - College Financial Representative in Boulder, CO

    I have been working at Northwestern Mutual

    Pros

    learn a lot about insurance

    Cons

    you have to sell products to your friends and family

    Advice to ManagementAdvice

    better marketing of products, dont rely on personal salespeople

    Doesn't Recommend
    Disapproves of CEO
  7.  

    I was just an intern.

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

    I worked at Northwestern Mutual

    Pros

    How much money you make is up to you

    Cons

    It is hard to get started. I felt bad for some of the first year employees because some worked extremely hard to gain a few clients. While a few inherited a friend/family member's client list and started day one near the top.

    Advice to ManagementAdvice

    N/A

    No opinion of CEO
  8.  

    Great company to move up

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Analyst in Pittsburgh, PA
    Former Employee - Analyst in Pittsburgh, PA

    I worked at Northwestern Mutual

    Pros

    Get what you put in
    Great pay

    Cons

    Weird hours
    hard to get clients
    No real help from veterans

    Advice to ManagementAdvice

    n/a

    Disapproves of CEO
  9.  

    Don't bother

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

    I worked at Northwestern Mutual

    Pros

    Got a series 6 and 63 license, plus workplace training for free.

    Beefs up resume.

    Cons

    Terrible culture.

    The firm uses its financial reps to sell insurance to their personal networks.

    Short terms employment, but Northwestern retains all of your clients, then pesters them for years to come.

    Dead-end job.

    Soul-sucking work that makes you go home feeling guilty everyday.

    Advice to ManagementAdvice

    Well run firm, but I would highly advise nobody take the financial representative internship position...ever.

    Doesn't Recommend
    No opinion of CEO
  10.  

    This job is fun....and stressful...and high paying...and low paying

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

    I have been working at Northwestern Mutual

    Pros

    - Unlimited Earning Potential
    - Unlimited Flexibility
    - Ability to actually make a difference
    - Ability to Learn More than you ever would have known about financial services

    Cons

    - Straight commission is both exciting and stressful
    - Joint work is good from a learning perspective, but keep in mind these reps are also your competitors
    - Constant reporting of numbers gets a little old

    Advice to ManagementAdvice

    This business is built on independence and flexibility, constant monitoring of numbers even for high performers can get very annoying.

    Recommends
    Approves of CEO
  11.  

    Great experience

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

    I have been working at Northwestern Mutual

    Pros

    Great training, leadership, and support. Overall a great learning experience with a top notch organization.

    Cons

    Compensation package is commission only, which makes it difficult starting out.

    Advice to ManagementAdvice

    Keep it up!

    Recommends
    Approves of CEO

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