Principal Financial Group

www.principal.com
Employer Engaged

Principal Financial Group Reviews

Updated March 5, 2015
Updated March 5, 2015
223 Reviews
3.9
223 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Principal Financial Group Chairman, President and Chief Executive Officer Larry D. Zimpleman
Larry D. Zimpleman
140 Ratings

Review Highlights

Pros
  • The pay and benefits are very good, with an excellent work-life balance to boot (in 43 reviews)

  • Great benefits, which is nice because salaries are less than annual averages (in 20 reviews)


Cons
  • Parking is a little ways away since we're located in downtown Des Moines (in 12 reviews)

  • Salary is on the high side of mediocre, other companies will pay more but Principal tries to make up for it with a flexible work environment (in 7 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    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)

    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.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Solid Company with good reputation. I have worked for the company for many years and have learned a great deal while gr

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

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

    Pros

    Great benefits, they do encourage career growth and community involvement. They also offer wellness facilities on cite and promote the use of that.

    Cons

    Culture has definitely changed since going public. I understand we need to be accountable to share holders now but we also need to be accountable to our customers (customers are still #1) and it seems like we are sacrificing customer service at times to cut corners.

    Advice to ManagementAdvice

    Keeping good employees on board and promoting and paying them well might be better than continually hiring and training new employees.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Good company to work for

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

    I worked at Principal Financial Group

    Pros

    Great environment, very diverse and open to helping if in need

    Cons

    Training isn't great for someone starting in the industry

    Advice to ManagementAdvice

    Better training to a person just starting out to get them going

    Recommends
    Neutral Outlook
    Approves of CEO
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  5.  

    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)

    Pros

    Fun people, decent pay, flexible hours

    Cons

    Unfulfilling work that is typically pretty boring

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Real Estate Global Investors Internship

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

    I have been working at Principal Financial Group

    Pros

    Employees are very friendly and easy to get along with. Good working environment and decent entry level pay.

    Cons

    Really large company hard to move up ladder to get promoted. In Des Moines and okay pay.

    Recommends
    Positive Outlook
  7.  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • 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

    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 ManagementAdvice

    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.

    Doesn't Recommend
    Neutral Outlook
  8. 1 person found this helpful  

    Great benefits.

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

    I have been working at Principal Financial Group

    Pros

    Upper management is strong. Ethics are truly in place at that level

    Cons

    Mid level management is terrible. Most micro manage instead of working as a team to meet goals. Many good jobs have been moved to Pune India and more to follow because they'll work for $2.00 an hour. Very high turnover stateside.

    Advice to ManagementAdvice

    Upper management needs to look into what middle management is doing.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  9.  

    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)

    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.

    Recommends
    Neutral Outlook
  10.  

    A Great Company

    • Comp & Benefits
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    Former Employee - Medical Claims Examiner in Columbus, OH
    Former Employee - Medical Claims Examiner in Columbus, OH

    I worked at Principal Financial Group

    Pros

    PFG provided excellent training from day one, until the day I left. I always felt like I was being treated like a professional. The benefits were excellent, and there were frequent reviews of our performance. I also believed that the company was reputable, and treated their clients with respect too.

    Cons

    As far as the company is concerned, there weren't really any cons. I didn't happen to like what I did, but that was not the company's fault.

    Recommends
  11.  

    Proud to be associated with Principal

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Principal Financial Group

    Pros

    Good company, strong values, concern for clients & employees

    Cons

    Some occasional mixed messages come from senior management as the company tries to serve a variety of constituencies

    Recommends
    Positive Outlook

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