Principal Financial Group

  www.principal.com
  www.principal.com

Principal Financial Group Reviews

Updated October 14, 2014
Updated October 14, 2014
196 Reviews
3.8
196 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
127 Ratings

Review Highlights

Pros
  • The pay and benefits are very good, with an excellent work-life balance to boot (in 41 reviews)

  • Great benefits, which is nice because salaries are less than annual averages (in 19 reviews)


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

Sort: Popular Rating Date
  1.  

    Great Company

    • 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 10 years)

    Pros

    Ethical and the foresight to stay strong into the future.

    Cons

    Can be slow moving at times.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Tough Industry, Good Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Representative in Roseville, CA
    Current Employee - Financial Representative in Roseville, CA

    I have been working at Principal Financial Group (more than an year)

    Pros

    Excellent Life & Disability Products and Principal Funds are very sound and award winning. Training is average. Workmates are always ready to help.

    Cons

    Like any financial company if you need help, you need to ask. No one will hold your hand. Be ready to subsidize your business for maybe 2 years with cash in the bank. Some get going faster than others. Targets are high to stay on the benefit contract.

    Positive Outlook
    Approves of CEO
  3. 1 person found this helpful  

    The most "click-ish, backstabbing, hateful, fear promoting " company in America!

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

    I worked at Principal Financial Group (less than an year)

    Pros

    Small town location (Des Moines). Easy to get around. Close to many places to eat. Lots of big buildings and long walks to conference rooms.

    Cons

    This company has HORRIBLE middle management. They treat those who actually do the work like slaves. They rule by fear and FEAR ONLY. They treat their consultants like crap. DO NOT WORK HERE...you will regret it. There is no training and you are literally thrown into the fire and nobody helps you. I only stayed long enough to find a job where "Nightmare on Elm Street" isn't the theme movie of all management.

    Advice to ManagementAdvice

    Go to a country that accepts your management style... any country ruled by the elite using fear as a "management style. Just get on a boat on either coast of the US and you will find your kind of place to treat people like trash.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
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  5. 1 person found this helpful  

    Not a great place to work in IT

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

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

    Pros

    This is a great place to work in general. The work/life balance and flexible scheduling is great. The retirement plan is great.

    Cons

    This is not a great place to be a software engineer in many departments. The discipline is not valued. There is a belief that they don't have to be a great software development organization since they aren't selling software...but they still have to support the stuff they create! Much of the entry level development is done by contractors in some departments.

    No opinion of CEO
  6. 1 person found this helpful  

    Great culture and company. Industry leader and well respected.

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

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

    Pros

    Benefits are robust, PTO best in industry, pension still available, and vested after 3 years. Even better opportunities in Des Moines. Great home office campus. Great company to settle into.

    Cons

    Satellite office has limited advancement opportunity. Compensation could be slightly higher for internal candidates.

    Advice to ManagementAdvice

    Keep it up!

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Great company and culture

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

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

    Pros

    benefits, PTO, Work life balance, Culture, Salary

    Cons

    Not a lot of advance opportunity outside of Des Moines.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Great Company

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

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

    Pros

    Great company to work for Great benefits wish I had never left.

    Cons

    It is a growing company and if size matters, you might get caught up in a corporate setting that loses its personal touch

    Recommends
    Positive Outlook
    Approves of CEO
  9. 1 person found this helpful  

    Below average salary and benefits

    Current Employee - Senior IT Analyst in Des Moines, IA
    Current Employee - Senior IT Analyst in Des Moines, IA

    I have been working at Principal Financial Group full-time

    Pros

    People are nice and the work isn't hard.

    Cons

    Welcome to the land of COBOL and the 2% raise. Principal has always paid below market, but at least it used to have good benefits. In the past few years everything got stingier. If you have technical skills, look elsewhere.

  10. 1 person found this helpful  

    satisfactory, although a bit boring, corporate experience

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

    I have been working at Principal Financial Group (more than 8 years)

    Pros

    people are authentic and the work environment is healthy

    Cons

    compensation can be an issue. HR always wants to fall a bit below the curve.

    Recommends
    Positive Outlook
    No opinion of CEO
  11. 1 person found this helpful  

    Started good, ended bad.....

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

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

    Pros

    I did go through a training program and I appreciate that. Okay benefits, low wages.

    Cons

    No hope for advancement unless you are in good with the management team. The pay is low and they wont let you apply for jobs within the company that are more than one notch above where you are currently at. It is not a family friendly place if you are one of the many low level employees. It apparently is family friendly if you are a high level employee, and get all kinds of perks. Middle managers think they are God....It was only after I left and was at another job that I realized how suffocated I was at PFG.

    Advice to ManagementAdvice

    Nothing... it is what it is.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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