Principal Financial Group

  www.principal.com
  www.principal.com

Principal Financial Group Reviews

Updated December 3, 2014
Updated December 3, 2014
207 Reviews
4.0
207 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
132 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

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  1. 1 person found this helpful  

    Some areas might be good but not all

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

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

    Pros

    Decent, though not outstanding benefits; Fairly stable company; Their public facing image is terrific, very community minded, etc - don't seem as compassionate internally . . .

    Cons

    Training was non-existent; position was presented as one thing but in truth was very different; very indecisive and out-of control management; focused totally on short-term results not the right thing for customers; a lot of back-stabbing low end managers trying at all costs to rise above one another.

    Advice to ManagementAdvice

    Find some maturity in the management training processes. Don't reward those that just shift the blame to others.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2.  

    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
  3.  

    Great group of people in the Nashville office

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

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

    Pros

    The manager is hands on and a true mentor

    Cons

    dealing with big company politics

    Recommends
    Neutral Outlook
    Approves of CEO
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  5.  

    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
  6.  

    Principal Financial Group was a great place to work for,

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

    I worked at Principal Financial Group full-time (more than 5 years)

    Pros

    Our office manager was very nice and very knowledgeable.

    Cons

    Having production goals increase every time you were able to meet them was a bit stressful.

    Recommends
    Positive Outlook
    No opinion of CEO
  7.  

    Great learning experience and great people!

    • 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 full-time (more than 3 years)

    Pros

    Casual wear, great PTO!, good benefits, most departments adhere to a flexible work policy.

    Cons

    Some departments remain very conservative, which is challenging when the rest of the company is so progressive!

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Strong work life balance.

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

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

    Pros

    Flexed hours. New workspace. Good compensation.

    Cons

    Disconnected hr from other departments.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    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
  10.  

    Principal is a good place to work.

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

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

    Pros

    The pay is good, the benefits are great, the work place is nice and comfortable. They are in the process of renovating buildings so the environment is great.

    Cons

    The managers in the department that I work in are kept very busy and they can be difficult to find when you need them because of frequent meetings.

    Advice to ManagementAdvice

    Keep doing what you are doing

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Very Good.

    • 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

    Pros

    knowledgeable staff, comfortable work experience, work hours are a bit odd but excellent transportation service

    Cons

    Geting a promotion might be a long wait.

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