Principal Financial Group

  www.principal.com
  www.principal.com
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Principal Financial Group Reviews

Updated September 15, 2014
Updated September 15, 2014
189 Reviews
3.8
189 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
120 Ratings

Review Highlights

Pros
  • work life balance, collaborative work culture, approachable leadership, good salaries (in 38 reviews)

  • Great benefits, which is nice because salaries are less than annual averages (in 15 reviews)


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

  • could make work environment more appealing such as offering ergonomic options to offices and desks (although this is currently in progress) (in 6 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Make sure you have great resources as a career agent

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

    I have been working at Principal Financial Group as a contractor for more than 3 years

    Pros

    Very good product line and overall integrity of the company. Managers seem to care and want to offer support...especially if you are male! Office culture is good and everyone is friendly. As a company it is one of the best in the industry for range of products.

    Cons

    With a commission only job you need to have a very strong infrastructure of high end referrals and financial resources to fall on until you build the business. Be prepared to hire assistants and work extremely hard. The first years are expensive with memberships to associations, treating prospects to meals, marketing expenses, etc. Long hours and lots of frustration.

    Advice to ManagementAdvice

    Follow through with what you promise and be consistent. Provide tangible help to new agents with leads and prospecting resources.

    Neutral Outlook
    Disapproves of CEO
  2.  

    Encouraging atmosphere

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

    I worked at Principal Financial Group as a contractor

    Pros

    The people are wonderful. Everyone on my team was always willing to help you out!

    Cons

    Thy pay (for a contract) was not as competitive as I had hoped (but still good).

    Recommends
    Approves of CEO
  3.  

    Great company to work for.

    • 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

    Pros

    Great values and business ethics

    Cons

    Not a whole lot of work life balance

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    A company to launch a career

    • 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 for more than 10 years

    Pros

    - Strong work/life balance
     - Ethical organization who strives to do business which aligns with their values
     - Multiple career paths which offer long term growth opportunities

    Cons

    - Career development primarily focused in Des Moines, Iowa.
     - Decisions may take time given the collaborative nature of the organization

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Fantastic company, people, management!

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

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

    Pros

    The Principal Financial Group is a great company. Very well regarded in investment management globally and retirement services in the US and globally. Award winning company in IT, employer for women, diversity, innovation.

    Cons

    Opportunity to do challenging work here. fast paced.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Great flexibility and culture

    • 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 full-time for more than 10 years

    Pros

    Flexibility in schedule, where we work, how work gets done. Flexibility is not only offered, but also encouraged! Co-workers, benefits and pay are great. Ethics/doing the right thing is a focus of this company. Love that we have PTO since it's so much easier to manage.

    Cons

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

    Advice to ManagementAdvice

    Continue to communicate openly with employees. Much appreciated!

    Recommends
    Positive Outlook
    Approves of CEO
  8. 2 people found this helpful  

    Not for "go getters"

    • 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 for more than 10 years

    Pros

    IT Specific: Some parts of the company are surely "OK". However, you may spend 20 years trying to find that area that fits you. It is nice being downtown with access to the skywalks. Generally, nobody tries to micromanage you.

    Cons

    IT Specific: If you can do lots of things, don't bother here. They want people to be "siloed" and focus on your one tiny piece. Then you can fight the layers upon layers of nonsense to get any little thing done. There are so many redundant groups full of way too many people. The company is not nimble, and they have meetings upon meetings over discussing how things should be done.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  9.  

    Give your friends the promotion

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

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

    Pros

    Great benefits, which is nice because salaries are less than annual averages.

    Cons

    This could have simply been my department, but mistakes were never forgotten, no matter how large or small. Promotions and job recommendations were given to friendlies instead of the most qualified.

    Advice to ManagementAdvice

    Hire managers with experience in managing people!

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  10.  

    Company touts values that are not seen in the day to day culture

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

    I worked at Principal Financial Group full-time for more than 8 years

    Pros

    Good to place to work for women in IT. They ensure a high percentage of women leadership. Total compensation package is good.

    Cons

    Integrity of upper management and leaders in departments is suspect. Career advancement and Salary is too dependent on cronyism and favorites. Low performance is tolerated and hard work is not necessarily rewarded.

    Advice to ManagementAdvice

    Be open and honest. Practice what you preach.

    Recommends
    Positive Outlook
    Approves of CEO
  11. 2 people found this helpful  

    Great career balance and competitive total compensation

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

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

    Pros

    The Principal is a force in the community of Des Moines which provides a lot of advantages to the employees. Individual managers have a lot of discretion on HR policies within their team which creates a very comfortable environment with a great work life balance.

    Cons

    While base salaries may be slightly below national averages you will see for similar positions, the total compensation package and overall benefits definitely make up for it.

    Recommends
    Positive Outlook
    Approves of CEO

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