Principal Financial Group Reviews

Updated July 1, 2015
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227 Employee Reviews

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  1. Retirement Specialist

    • 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

    Pros

    Company pays for Series 6 license and training materials. Learn phone and customer service skills. Huge company with many avenues for professional movement.

    Cons

    Entry level position. Call center environment.


  2. Good company to work..

    • 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 full-time (More than a year)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    They have great work-life balance, no shifts.

    Cons

    Managers have no idea of technology and business value.

    Advice to Management

    Please


  3. Helpful (1)

    In-group out-group mentality

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

    I have been working at Principal Financial Group full-time

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    Job requirements are not taxing and decent benefits (medical, retirement).

    Cons

    Management has a closed door policy and leadership style is bottom up rather than top down. They are great at running reports but have no people skills necessary for interacting with team members. Training is insufficient for new hires. In addition, leadership manages office with a high school attitude in which cliques are created with those favored more than others.

    Advice to Management

    Leadership skills begin with management. Its more than expecting subordinates to exhibit the behavior that their direct leadership should show everyday.


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  5. Helpful (2)

    I loved my job. But that all depends on what area of the company you work for.

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

    I worked at Principal Financial Group full-time (More than 10 years)

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

    Pros

    Great benefits including free fitness classes and exercise equipment or they pay a portion for gym memberships. They have onsite lunch rooms, Weight Watcher meetings, free lunch n learns, plus good pay and vacation.

    Cons

    I was treated great & loved my 30 year job. I was laid off and ended up working there a year later (different area) for 5 months and am still amazed at what they allowed to happen.

    Advice to Management

    Open your eyes to what is happening around you.


  6. Helpful (1)

    Customer service representative

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Customer Service Representative in Cedar Rapids, IA
    Former Employee - Customer Service Representative in Cedar Rapids, IA

    I worked at Principal Financial Group full-time (More than 8 years)

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    It was a job on the phone talking to members and providers. The providers were nice to talk to and so.

    Cons

    It was a lot of changes and there was a lot expected for you for the pay that we were receiving.

    Advice to Management

    Hire more people and dont expect so much for so little.


  7. Great place to work!

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

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

    Pros

    The people at this company make it a great environment for young professionals. Many employees of PFG have been at the company for a number of years (or have gone elsewhere and come back to the company) and are more than willing to share their knowledge and experiences. Might role might be different than other areas of the company, but I am always being challenged with new and increasingly more important responsibilities. This company also likes places a high value on employees having a healthy lifestyle and encourages work life balance and regular exercise.

    Cons

    PFG has been making very concerted efforts to improve diversity, but it is hard considering Iowa as a whole lacks diversity, and it is not in a major metropolitan city.


  8. A company this Millennial will retire from.

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

    I have been working at Principal Financial Group full-time (More than 10 years)

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

    Pros

    As a 10 year + employee of the Principal Financial Group, I am happy with the opportunities, the stability, and the benefits the company has to offer. I buy into the " the grass isn't always greener on the other side" mindset as I've seen peers leave and quickly want to come back. If you are someone that works hard and continues to develop, opportunities will be presented.

    Cons

    As I suspect is true of most large companies, navigating the political scene can be taxing.

    Advice to Management

    Continue to pave the way and mold the talent you have. Find ways to continue to develop and promote the talent you have.


  9. Excellent opportunity, career development, employee support

    • 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 full-time (More than 10 years)

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

    Pros

    Great employee culture, lots of diverse opportunities within different lines of business.

    Cons

    Keeping up with technology. We move a bit too slow.


  10. Good Company to Work For

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

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

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Non contributory pension plan in addition to 401k.
    Great work/life balance. If you have an emergency and have to take time off they are very understanding. Good amount of paid time off. My salary is higher than for comparable positions with other companies.
    Opportunities to work from home in a lot of departments.

    Cons

    Medical benefits have high copays until you max out your contributions.
    Difficult to get another position from some departments although they heavily promote from within.

    Advice to Management

    Promote more from within!


  11. This is a company with excellent integrity and employees that like where they work.

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

    I have been working at Principal Financial Group

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

    Pros

    Autonomy, opportunities for women, exceptional products. Work life balance.

    Cons

    Priority for technology projects.



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