Principal Financial Group Reviews

Updated June 27, 2015
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226 Employee Reviews

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  1. Went looking for a job and found a career/passion.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Managing Director in Mount Pleasant, SC
    Current Employee - Managing Director in Mount Pleasant, SC

    I have been working at Principal Financial Group full-time (More than a year)

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

    Pros

    The company is amazing, the support staff is almost and less and their expertise in the field has made my job so much easier. I have found when I don't feel comfortable talking about a product we offer that I can very quickly find someone who is an expert to guide me. If you work hard they are very good about rewarding you for your efforts and promotions come very quickly.

    Cons

    The office is still small, and the previous director was retiring so we have had to start fresh with the local office

    Advice to Management

    A larger marketing budget would help us grow our footprint in Charleston.


  2. A company founded in Iowa values with international vision.

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

    I worked at Principal Financial Group

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

    Pros

    Great work life balance, pushed to excel but in a healthy manner, great benefits, the food around the work was great, friendly and down to earth management and coworkers, active in the community.

    Cons

    Pay is not comparable to other companies in the industry. They have a lot of outlets to communicate what you think should change in the company, but sometimes it feels as if they don't listen.

    Advice to Management

    If the management wants to continue expanding, they need to keep their down to earth and friendly vibe, but recognize that ultimately what will attract top talent is a competitive pay. They need to look at the pay of their employees. Maybe also make climbing the career ladder a bit clearer.


  3. West so many years of my life.

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Principal Financial Group

    Pros

    Good for managers, no work, so much time to paly, Participate in all iniciative no need to work.

    Cons

    management think they are too smart, so much politics, no value for talent. No groath. After spending 3 year, you will nowhere in industry.

    Advice to Management

    Be little transparent, value your key resources. Keep more resource then manager


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  5. Excellent pay, benefits and work life balance at Principal. I'm proud to call Principal Financial Group my employer.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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.


  6. Good company to work for.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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.


  7. Working as an IT Intern

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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.


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

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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.


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

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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.


  10. Good company to work for

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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


  11. Real Estate Global Investors Internship

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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.



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