Working at Northwestern Mutual | Glassdoor

Northwestern Mutual Overview

Milwaukee, WI
5001 to 10000 employees
1857
Company - Private
Brokerage Services
$10+ billion (USD) per year
Northwestern Mutual has been helping families and businesses achieve financial security for 160 years. Through a distinctive, whole-picture planning approach including both insurance and investments, we empower people to be financially confident. We combine the ... Read more

Mission: We combine our unsurpassed financial strength, solutions and expertise with time-tested principles, a comprehensive approach to planning and a financial representative’s long-term commitment to listen to, guide and encourage you.


Glassdoor Awards

Best Places to Work: 2018 (#67), 2013 (#41), 2011 (#22), 2010 (#11), 2009 (#5)

Top CEOs: 2017 (#90), 2015 (#8), 2014 (#4), 2013 (#5)

Company Updates

  • Northwestern Mutual's Karl Gouverneur discusses the insurance company's digital transformation journey and IT’s role in digital innovation.

    160-year-old insurance giant transforms into a digital business

    For most of its 160 years, Northwestern Mutual had succeeded by using technology primarily to conduct its back-office functions, streamline its processes and create operational efficiencies - always supporting the work of its corporate office teams and its nationwide network of world-class financial advisors.

  • It’s an honor to be named one of the most admired companies in our industry by Fortune.

    Northwestern Mutual Named One of FORTUNE Magazine's World's Most Admired Companies

    MILWAUKEE, Jan. 19, 2018 / PRNewswire/ -- Northwestern Mutual, a leading financial security company, announced today it has been named one of the World's Most Admired Companies in its industry according to FORTUNE magazine's annual survey.

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Northwestern Mutual – Why Work For Us?


As achieving financial security becomes more complex for people, a few simple truths are becoming even more powerful. Relationships are built on trust. Our lives and businesses matter.  And we’re much stronger together than we are apart. These beliefs launched our company 160 years ago. Today they’re hardwired into our DNA and are just some of the reasons why people turn to Northwestern Mutual to help secure their financial lives.  Why are we so passionate about helping people achieve financial security? To start with, it’s not about profits. As a mutual company, we don’t have stockholders. It’s because we love building brighter futures for our more than four million client, financial representatives, employees and communities. We do it unlike anybody else.  We believe in doing what’s right. This is evident in the way we do business, in how we work with clients, in the values we hold and in the way we’re working together to strengthen local communities.

Recent Awards and Accolades:

FORTUNE® 97(FORTUNE® 500, 2017)
One of the “World’s Most Admired” life insurance companies (FORTUNE® Magazine, 2017)
Best Places to Work #67 (Glassdoor, 2018)
Highest Rated CEO's (Glassdoor, 2017)
Top Companies for Women Technologists – Leadership Index (AnitaB.Org, 2017)
Best Places to Work – 100% Corporate Equality Index (Human Rights Campaign, 2018)
Vault 2016 Top 5 Financial Services Internships (Vault Guide to Internships, 2017)
50 Best Companies for Diversity (Black Enterprise Magazine, 2016)
50 Best Companies to Sell For (Selling Power Magazine, 2016)

Northwestern Mutual is a great place to experiment, learn and grow a career. When you join us, you’ll be part of a team focused on helping people become financially secure. We offer the strength and scale of a Fortune 100 company combined with an entrepreneurial culture. Big ideas don’t happen when you feel boxed in. Our agile, collaborative work environment enables you to do your work how and where you do it best.

We emphasize empowerment, teamwork and innovation—all in an effort to solve problems in a digital world and create an industry-leading digital platform.
Innovation is essential for delivering not just what’s needed now, but also for what people will expect in the future. We’re focused on creating a distinctive digital experience. We’re building muscles around experimentation—generating and testing new ideas as we create our digital future.

Northwestern Mutual's internship offers hands-on experience through teamwork and collaboration, as well as individual work assignments. Interns participate in a wide range of learning and development activities including job shadows, attending various speaking engagements and events designed to expose interns to other areas of the firm. Working in teams, interns collaborate with each other on assigned case studies, to be presented at the conclusion of the internship program.

From the minute you join us as a summer intern, our focus is on providing you with opportunities for learning and professional growth. You will have an opportunity to network with senior leaders, attend company-sponsored events and participate in community volunteer events. You will gain first-hand experience in learning what
it's like to work and live in the city of Milwaukee with access to all the city has to offer.

Becoming a Financial Representative

When you join our team of financial professionals, you will build lasting relationships with clients and help them to achieve their financial goals. In doing so, you’ll help solidify your own future as well. The career offers flexibility at a company where hard work is valued and rewarded. Your local network office wiill help you:

  • Build a practice from the ground up with support from mentors and training tools
  • Guide clients through a financial planning process which reflects our belief that over a lifetime, most people will experience many different financial needs and circumstances.  After assessing your clients needs, you will recommend and provide insurance and investment solutions to help meet their financial security goals.

Learn more about our financial representative career:  

Learn more about a day in the life of a financial representative - Video

Becoming a Financial Representative Intern

As a financial representative intern, you’ll get real-world job experience as you discover a career with flexibility and rewards. 

Teamwork. Training. Hard work. Fun. It’s part of what has made the Northwestern Mutual internship program a Top Ten Internship for 21 years in a row according to Vault Guide to Internships, 2017 Edition. When you join our financial representative intern program, you’ll be supported by a team of people in one of our local network offices that will:

  • Help you master our personalized planning process to provide financial solutions tailored to each client’s needs over his or her lifetime.
  • Help you build on your classroom learning and develop lifelong skills.
  • Work with your school schedule with internships that are available to full-time students either full-time during the summer or part-time during the school year.

Learn more about a day in the life of a financial representative intern- Video

Find a Northwestern Mutual office location in your area.

Northwestern Mutual has been helping families and businesses achieve financial security for 160 years. Our 7,000+ home office professionals are split across two campuses: Franklin and downtown Milwaukee (HQ). We’re continuing to grow, and we believe diversity makes us stronger as we help shape the future of financial security. Help us get to know you by applying for open positions.

In the Fall of 2017, we expanded our campus in downtown Milwaukee overlooking Lake Michigan. The Northwestern Mutual Tower and Commons includes a state-of-the-art employee Learning Institute, and features a natural light-filled, 21st century work environment. This signature development reinforces our commitment to job growth, attracting top talent and drawing new business to Milwaukee.

Northwestern Mutual Reviews

3.8
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Northwestern Mutual Chairman and CEO John E. Schlifske
John E. Schlifske
1,126 Ratings
  • Featured Review

    Helpful (53)

    "Financial Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Fayetteville, AR
    Current Employee - Financial Advisor in Fayetteville, AR
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Northwestern Mutual full-time (More than 5 years)

    Pros

    Over the past 5 years I have been working with the firm, I have grown to understand more about how Northwestern as a platform to begin and grow your financial advisory business seems tough to beat. While NM has allowed me exclusive access to their insurance and investment advisory platform, they also are not captive to just their products and which helps me feel confident when doing financial planning.

    5 years in so far and I have yet to run into a situation that I had to question any ethical or moral move that NM has made. With them acquiring learnvest to turn themselves into one of the largest tech financial firms in the US, I am excited to see where they go over the next few decades.

    Cons

    The first few years of building your own practice is tough. While Northwestern prides themselves on their training program and mentorship, at the end of the day, your business thrives or fails based on how much you are willing to work on crafting your skills and building your client relationships.

    I have seen a lot of people not willing to put the time and energy into starting their own business and end up leaving the career with a bitter taste because they were to focused on "selling" instead of "planning".

    If you are just trying to be an insurance agent or an investment advisor, this isn't the group to join. I have realized NM's focus and current competitive advantage is their focus on comprehensive financial planning that isn't just about selling products.

    Advice to Management

    Many people think NM is just an insurance company but the leadership needs to start educating people that NM is one of the top 5 investment brokers in the US.

See All 4,527 Reviews

Northwestern Mutual Photos

Northwestern Mutual photo of: March Madness
Northwestern Mutual photo of: Tower and Commons Lobby
Northwestern Mutual photo of: Corporate Office Gardens
Northwestern Mutual photo of: Corporate Office Gym
Northwestern Mutual photo of: Corporate Office Landscape
Northwestern Mutual photo of: Corporate Office Roof
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Northwestern Mutual Interviews

Experience

Experience
61%
27%
12%

Getting an Interview

Getting an Interview
34%
25%
18%
16
4
3
0

Difficulty

2.4
Average

Difficulty

Hard
Average
Easy
  1. Featured Interview

    Helpful (1)  

    Financial Representative Interview

    Anonymous Employee in Oak Brook, IL
    Accepted Offer
    Positive Experience
    Easy Interview

    Application

    I applied online. The process took 3 weeks. I interviewed at Northwestern Mutual (Oak Brook, IL) in March 2016.

    Interview

    Long and Lengthy but great people and comfortable interview process. Took about 4 interviews with different people and personality quiz. Very relaxed, if you be yourself you are fine they have a great culture and do a lot for you to succeed.

    Interview Questions

    • Wanted to get to no more about me as a person on an individual basis. Asked about what I do outside of work for fun. Why I want to work for Nothwestern Mutual, and talk about my background and experience   1 Answer

    Negotiation

    There was no negotiation they have a contract as it is commission only and pay very well if you are able to produce.

See All 2,457 Interviews

Northwestern Mutual Awards & Accolades

  • 100 Best Companies to Work, Glassdoor, 2018
  • America's Best Employers for Diversity, Forbes.com, 2018
  • Vault 2016 Top 5 Financial Services Internships, Vault Guide to Internships, 2017
  • Training Top 125, Training Magazine, 2017
  • Worlds Most Admired Companies, Fortune Magazine, 2016
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Work at Northwestern Mutual? Share Your Experiences

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