Northwestern Mutual - Overall company is solid, district office lacks proper management. | Glassdoor
There are newer employer reviews for Northwestern Mutual
There are newer employer reviews for Northwestern Mutual

See Most Recent

"Overall company is solid, district office lacks proper management."

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Financial Representative in Peoria, IL
Former Employee - Financial Representative in Peoria, IL
Doesn't Recommend
Neutral Outlook
Approves of CEO

I worked at Northwestern Mutual full-time (More than a year)

Pros

Stability of company and products is adequate.

Cons

"Be your own boss" means "as long as you do what we ask." Local office lacks sales management and leadership.

Advice to Management

Recruit and train good management first, then you will be able to develop younger reps and new-to-the-business advisors that will stick around.

Other Employee Reviews for Northwestern Mutual

  1. "Unless you are a financial representative, don't expect any growth opportunities professionally or financially."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Chicago, IL
    Former Employee - Anonymous Employee in Chicago, IL
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at Northwestern Mutual full-time (More than 3 years)

    Pros

    Every office has a different culture and I would urge anyone looking at opportunities as a Financial Representative/Advisor or a staff position to look at many different offices. The company overall has a very friendly culture and is usually the reason most people will stay.

    NMFN provides a great internship experience if you can handle rejection and can start a business from contacting your friends and family to sell whole life insurance. Again, your experience will greatly vary depending upon which office you intern with.

    Cons

    Staff: NMFN offers little to no growth opportunities. There are no outstanding company benefits (average vacation time and does not promote work/life balance). There is hardly any opportunity to grow financially (although you find many of the offices claim to help employees grow "personally, professionally, and financially.") This is typically only the case if you are a representative with the company.

    Financial Representative: The FR career has a very difficult start up - roughly 80-85% of all new FRs do not make it to their 5th year. Once you are a 5th year rep, you will most likely stay with the company for the remainder of your career. NMFN has a model for recruiting students directly from the college campus however the retention rate for newly graduated seniors (with no previous internship experience) is the lowest.

    Advice to Management

    Pay attention to your staff and change your recruitment model. NMFN has a poor structure for promoting staff and little to no structure to support the thousands of representatives recruited each and every year.


  2. "Intern"

    Star Star Star Star Star
    Former Intern - Financial Representative Intern in The Woodlands, TX
    Former Intern - Financial Representative Intern in The Woodlands, TX

    I worked at Northwestern Mutual as an intern (Less than a year)

    Pros

    Other interns were supportive and friendly

    Cons

    Not worth doing for an internship, it is based 100% on commission.

    Advice to Management

    Allow the interns to shadow the full time reps.

There are newer employer reviews for Northwestern Mutual
There are newer employer reviews for Northwestern Mutual

See Most Recent

Work at Northwestern Mutual? Share Your Experiences

Northwestern Mutual
  • Star
  • Star
  • Star
  • Star
  • Star
 
Click to Rate
or