Principal Financial Group

  www.principal.com
  www.principal.com

Principal Financial Group Reviews

Updated October 14, 2014
Updated October 14, 2014
196 Reviews
3.8
196 Reviews
Rating Trends

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Principal Financial Group Chairman, President and Chief Executive Officer Larry D. Zimpleman
Larry D. Zimpleman
127 Ratings

Review Highlights

Pros
  • The pay and benefits are very good, with an excellent work-life balance to boot (in 41 reviews)

  • Great benefits, which is nice because salaries are less than annual averages (in 19 reviews)


Cons
  • Parking is a little ways away since we're located in downtown Des Moines (in 11 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.  

    Human resource

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Human Resource in Pune (India)
    Former Employee - Human Resource in Pune (India)

    I worked at Principal Financial Group full-time (more than an year)

    Pros

    awesome place to work at

    Cons

    none. its is a great place to work

    Advice to ManagementAdvice

    keep doing the best as always

    Recommends
    Approves of CEO
  2.  

    My search is over- I'm sold!

    • 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 as an intern (less than an year)

    Pros

    This is a company that really values their employees from full-time staff to interns. Senior management is very accessible, the culture is fun and inviting, and the opportunities are endless. This is an incredible company for those looking for a 'career company'. I got hooked on the values, the transparency and most of all, the people. I look forward to seeing further global expansion and growth and returning for a full-time position post graduation.

    Cons

    I do not think my experience would have been the same if I had not worked in the headquarter office in Des Moines.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Best Company Out There from a Financial Advisor

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

    I have been working at Principal Financial Group full-time (more than an year)

    Pros

    Principal has the best training program for people who want to get into the business where the real money is at. They start you off with a 4 month salary and even provide benefits. Commissions are complicated but the best out there. The biggest 401k player in the market. Great Managing Director who is a straight shooter. He is very ethical and is an expert at sales.

    Cons

    Expect to work hard, but rewarded handsomely. The biggest challenge to learn to focus and keeping ourselves accountable.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Best Internship program yet!

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

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

    Pros

    The program was well-structured, they provided you with a mentor within your team as well as an available leader to help you with anything you needed. I enjoyed the programs that they put on just for interns such as listening to upper level executives speak & professional development seminars. The pay was great too, and they hook you up with housing nearby!

    Cons

    There isn't a lot of internship to full-time conversion if you aren't in the IT field.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Great first and last Internship

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

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

    Pros

    Real Project Experience
    Encouraged to Learn
    Leaders including Dan Houston willing to meet with Interns

    Cons

    Lots of first time internships.

    Advice to ManagementAdvice

    Continue to invest in Interns as a source of new technology.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Working for Principal was a fantastic experience with great team members.

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

    I worked at Principal Financial Group full-time (more than 3 years)

    Pros

    The pay and benefits are very good, with an excellent work-life balance to boot. Vacation time was excellent, 401K match was standard and the health benefits were great. It is a large company with a lot of room for improvement. Employees are also eligible for bonuses in most areas. Awesome food selections and location.

    Cons

    Promotions are a little lacking, even if just a title promotion such as Sr. etc. There is little to no recognition depending on your area, and the food is so good you gain too much weight!!!

    Advice to ManagementAdvice

    Continue to recognize those who improve processes, work hard and drive results.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Very tech driven

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

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

    Pros

    As an IT Intern I got to work on real projects in many different fields. They also held an intern Code Jam (similar to a hackathon) where teams of interns competed to create the best web app. Overall great learning experience

    Cons

    For interns, it is difficult to get time to view other business units/positions. This would be helpful for young professionals who is not sure what they would like to do for a full time position.

    Advice to ManagementAdvice

    Keep up the good work but keep in mind after College it can be difficult to know exactly what career path an individual would like.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    The best job I ever had.

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

    I worked at Principal Financial Group full-time (more than 3 years)

    Pros

    They have a great culture, good benefits and treat their employees really well. Top notch HR department. Worldwide opportunities.

    Cons

    Large company, so not much contact with top management.

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    One of my best work experiences in my career.

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

    I have been working at Principal Financial Group full-time (more than 3 years)

    Pros

    This is a great company to work for! The compensation package is very good.

    Cons

    I can't find any cons on this company.

    Recommends
    Positive Outlook
    No opinion of CEO
  11.  

    I loved working at this company, great values and dedicated workers

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

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

    Pros

    The Principal is like a family, everyone is on the same team and tries to help out one another. Most supervisors want to help their subordinates grow and progress in their careers. Also, great place to enjoy fun company events.

    Cons

    Most everything that I saw was great, I really cannot think much of the cons of this particular company, other than to request for educational benefits if seeking to attend college while working.

    Advice to ManagementAdvice

    I would say, I always promote educational opportunities to your employees.

    Recommends
    Positive Outlook
    Approves of CEO

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