Principal Financial Group Reviews

Updated April 23, 2015
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Employee Reviews

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  1. 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.

  2. 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.

  3. 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.

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  5. 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.

  6. 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)

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

    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 Management

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

  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 - Financial Representative
    Former Employee - Financial Representative

    I worked at Principal Financial Group

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    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 Management

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

  9. 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

  10. 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

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    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.

  11. Helpful (1)

    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

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    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 Management

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

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