Principal Financial Group Reviews

Updated April 10, 2015
97 reviews filtered by
  • Des Moines, IA
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4.2
97 Reviews
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Approve of CEO
Principal Financial Group Chairman, President and Chief Executive Officer Larry D. Zimpleman
Larry D. Zimpleman
68 Ratings

97 Employee Reviews

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  1. Open, fair and honest

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Communicator in Des Moines, IA
    Current Employee - Communicator in Des Moines, IA

    I have been working at Principal Financial Group full-time (More than 10 years)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Ethical company, lives its values; great leadership (the Presidents and CEO are so accessible and genuine); financially strong; numerous opportunities; making an investment in Des Moines campus to really improve the workplace. Also, #63 on recent Forbes list of 500 best employers. That's HUGE!

    Cons

    As with any company with longevity in a market, some of the more tenured employees are slow to let go of the way things used to be

    Advice to Management

    I know it goes against Midwest values - but brag more.

  2. client services representative

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Client Service Representative in Des Moines, IA
    Former Employee - Client Service Representative in Des Moines, IA

    I worked at Principal Financial Group full-time

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Decent salary, super benefits, relaxed atmosphere

    Cons

    It's all about making their almost unobtainable "numbers"

    Advice to Management

    Get back to making sure that the customers needs are met

  3. A company founded in Iowa values with international vision.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Des Moines, IA
    Former Employee - Anonymous Employee in Des Moines, IA

    I worked at Principal Financial Group

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great work life balance, pushed to excel but in a healthy manner, great benefits, the food around the work was great, friendly and down to earth management and coworkers, active in the community.

    Cons

    Pay is not comparable to other companies in the industry. They have a lot of outlets to communicate what you think should change in the company, but sometimes it feels as if they don't listen.

    Advice to Management

    If the management wants to continue expanding, they need to keep their down to earth and friendly vibe, but recognize that ultimately what will attract top talent is a competitive pay. They need to look at the pay of their employees. Maybe also make climbing the career ladder a bit clearer.

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  5. Excellent pay, benefits and work life balance at Principal. I'm proud to call Principal Financial Group my employer.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Director in Des Moines, IA
    Current Employee - Director in Des Moines, IA

    I have been working at Principal Financial Group full-time (More than 10 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Leadership, work life balance, autonomy, development, pay and benefits

    Cons

    Normal large company red tape.

  6. Working as an IT Intern

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - IT Business Analyst Intern in Des Moines, IA
    Former Employee - IT Business Analyst Intern in Des Moines, IA

    I worked at Principal Financial Group

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Many opportunities to meet full-time employees. Many intern events, both for networking and for play.

    Cons

    Interns are not given the ability to work from home, and have some less flexibility in their schedule than full-time employees.

    Advice to Management

    Keep up the good work with the program. Felt like a full employee for most of the internship, and enjoyed being a part of the company.

  7. Great Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - IT Applications Analyst in Des Moines, IA
    Former Intern - IT Applications Analyst in Des Moines, IA

    I worked at Principal Financial Group as an intern (Less than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Principal is a great company that I enjoyed working for.
    They have great benefits and above average pay for the state.
    The corporate management seem to really care about their company.

    Cons

    Don't spend a lot on training.

  8. Good company to work for.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Supervisor in Des Moines, IA
    Former Employee - Supervisor in Des Moines, IA

    I worked at Principal Financial Group full-time (More than 8 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Very good internal training for supervisors and managers. Great financial education for employees.

    Cons

    Larger company with lots of red tape.

    Advice to Management

    Good advancement opportunities.

  9. Good, then great...then horrible. Everything changed for the worse. Goodbye quality customer service.

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Pension Call Centers in Des Moines, IA
    Current Employee - Pension Call Centers in Des Moines, IA

    I have been working at Principal Financial Group

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    Okay benefits. Not as good as competition.

    Cons

    Middle management no longer puts the customer first. Customers call fir help and get rushed off the phone. Instead of an eclectic group of financial professionals we morphed into unprofessional poorly educated call center employees. Hello Pune' call center. It's coming soon. Just a manner of time. .

    Advice to Management

    Pay attention to what lower middle management is doing. As a group they're untruthful and not trustworthy. Most of the quality employees have already left or looking to.

  10. Good company with fun people

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Intern - Applications Developer in Des Moines, IA
    Current Intern - Applications Developer in Des Moines, IA

    I have been working at Principal Financial Group as an intern (Less than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Fun people, decent pay, flexible hours

    Cons

    Unfulfilling work that is typically pretty boring

  11. IT interns are treated well.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - IT Infrastructure Intern in Des Moines, IA
    Former Intern - IT Infrastructure Intern in Des Moines, IA

    I worked at Principal Financial Group as an intern (Less than a year)

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Employees at Principal treat the interns like coworkers and not just observers. You are given real work and get to see a great workplace culture.

    Cons

    It does take a while to get used to the acronyms and campus. There were days when there was no work for me to do.

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