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      Northwestern Mutual

      Engaged Employer

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      What is the salary like at Northwestern Mutual?

      Northwestern Mutual reviews

      Great Company

      Consultant
      Current employee
      Milwaukee, WI
      Recommend
      CEO approval
      Business Outlook

      Pros

      The company culture is the best I've experienced in my career.

      Cons

      The company is aware that they are a sought after employer, with great culture and benefits, so their salary offers may not be as high as other companies in the financial sector.

      Great

      Financial representative
      Current employee
      Columbus, OH
      Recommend
      CEO approval
      Business Outlook

      Pros

      Great pay, great people, awesome building and culture

      Cons

      It’s hard!!! You have to stick with it

      Great Culture!

      Associate financial representative
      Former employee
      Lincoln, NE
      Recommend
      CEO approval
      Business Outlook

      Pros

      Great culture, good benefits, good pay.

      Cons

      I don't have a con that I can think of.

      Planning Role

      Sr. director of planning
      Current employee
      New York, NY
      Recommend
      CEO approval
      Business Outlook

      Pros

      flexibility, good pay, great culture

      Cons

      i don't have any cons

      Great company to work for

      Senior software engineer
      Current employee
      Milwaukee, WI
      Recommend
      CEO approval
      Business Outlook

      Pros

      Competitive Salary, Good benefits, Great company culture

      Cons

      Can be gridlocked in the same position

      Not Worth the Headache

      Financial representative
      Former employee
      Franklin, TN
      Recommend
      CEO approval
      Business Outlook

      Pros

      Flexible schedule Nice people Lots of education Depending on the office, opportunities to receive bonuses

      Cons

      There is no salary or hourly, all pay is through commission. If clients cancel insurance policy within 1 year of purchase, you’ll be forced to pay any unpaid months back. You can easily end up owing leadership money instead of making it. Since you’re dealing in insurance, things like underwriting can keep you from receiving commission for several weeks to months and a client still has a year to cancel the policy for which you’re held financially liable. Critical information is buried under mountains of slide shows and links including how you get paid. You’re required to hunt all your own clients which usually consists of friends and family. Job does not feel worker friendly and should only be undertaken by people with reliable connections and a MAJOR conviction for sales. While I appreciate the knowledge and connections I’ve made, I hate that pretty much live in fear of the office secretary calling to collect because another client terminated their policy early even after months of me leaving the company.

      Love it

      Financial advisor
      Current employee
      Wichita, KS
      Recommend
      CEO approval
      Business Outlook

      Pros

      Good culture and good pay

      Cons

      Commission based can be stressful

      FP&A

      Fp&a intern
      Former employee
      Chicago, IL
      Recommend
      CEO approval
      Business Outlook

      Pros

      Team culture is winning, good pay, great mentors, great work trips.

      Cons

      Commission heavy, very sales focused which might work out in favor for some people

      Positive environment and flexibility despite low pay

      College financial representative
      Former intern
      Canton, OH
      Recommend
      CEO approval
      Business Outlook

      Pros

      Positive work environment and flexibility

      Cons

      The pay is terrible unless you are instantly a sales pro, they like to tell you that there is no cap on commission and you can make a ton of money, however realistically in your first year you won't make more than 20k if that.

      Pyramid Scheme, Stay Away

      Financial advisor
      Former employee
      Tampa, FL
      Recommend
      CEO approval
      Business Outlook

      Pros

      There's really nothing good about this company unless you're high in the chain. If you want to have a career where you lie to people in order for them to work for you, knowing employee retention does not exist, then this is for you!

      Cons

      It is a cult, you will have them watch wolf of wallstreet and pretend they are him. From lying to consumers to their own employees, NorthWestern Mutual has a horrific history and the fact that they still operate to this day, is insane. I am an real, certified FA and this job isn't that, you're just an insurance sales person. The most important metric they pay attention to is how much in whole life have you sold. This should've been the first thing that I was were I had to draw the line, but I decided to give them the opportunity. I was able to make money, due to the book of business I already had prior to NM but everyone else failed unless they moved to other positions. The only way as a sales advisor or FA can make money, is by hiring a couple of sellers to sell for you and you handle your own team. They will make you promises of grandour and show you an income path that is not real. I joined NM coming from a managerial position because the business was sold. I told them that I am a serious person, I made a lot of money and I did not want to waste time. They did, they lied to my face, showed me documents that they will not let you keep as to what you're projected to make. I wouldn't recommend NM to my worst enemy. It's a cult, it's a pyramid scheme and everyone there is miserable (front end of the business anyways). The reason they have good reviews everywhere is because they are predatory. They will get college interns on cruise ships and show them a life that's not real in exchange of fake reviews. Then once they're back, they'll have them working for basically nothing and because they've never had a career in their lives before, they'll be too afraid to make a change because this is all that they know. They believe in the "Fake it till' you make it". They will lie to get sales, they will ruin people financially if given the chance. If you want to do insurance sales, go to a real insurance sales company, they'll be transparent but NM is a predatory pyramid scheme designed to take advantage of new employees. They'll have you do Project 250, which is a list of leads that they get to keep of your warm market, your friends, family, anyone that they can sell to once you leave. They'll pay you minimum wage, they won't pay you on the big commissions up front either even though they will tell you that you will get paid on them and once all is done, you open your eyes and leave, they will harass your family and friends, everyone from that 250 list, to try to sell them life insurance. Specifically a whole life policy.

      5