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Principal Financial Group

Engaged Employer

Great benefits and work/life balance, mediocre pay and opportunities for advancement - Financial Accountant I Principal Financial Group Employee Review

4.0
Aug 29, 2009
Recommend
CEO approval
Business Outlook

Pros

Great health insurance (medical, dental, vision Great 401(k) match Short and long-term disability provided, which really came in handy when I was diagnosed with cancer Very flexible schedules Friendly and open culture Many potential career paths, when the company is thriving Overall it can be a very welcoming and satisfying place to work without a lot of office politics or back-biting

Cons

Getting my salary cut right when I was finally getting paid a fair market wage Career advancement and professional growth really impacted by swings in the market, leading to less stability and a lot of uncertainty about where my future at least lies with the company Inconsistent leadership at lower levels of management. My supervisors can be really great people and good friends/co-workers, but they're really better analysts than they are managers. In my area there's a lot of hoarding of projects until the very last stages, not enough background communication when someone is included in a project, and many times either the wrong individual is tapped for a project or not tapped early enough in the process to be truly effective.

Explore other reviews about Principal Financial Group

5.0
May 28, 2026
Recommend
CEO approval
Business Outlook

Pros

Three years in and still LOVE it. Great leadership. Work-like balance. Principal invests in their employees with training and professional development. It's very telling when literally thousands of employees have been there for 20-25-30+ years.

Cons

First time in a large company. Sometimes it is tricky to find the right internal partner to get the answer you need.

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Principal Financial Group Response
3d
We appreciate your feedback! Hearing that you felt supported reinforces what we're proud of—the strong community we've built together.
2.0
Jun 4, 2026
Recommend
CEO approval
Business Outlook

Pros

Decent work life balance and benefits. Principal offers a pension which is unheard of in today’s age.

Cons

Pay is below average and Principal does not offer inflation raises. Once you hit the midpoint of your salary, you will get a 0% raise until you’re promoted, which will take multiple years regardless of performance. Performance reviews are vague and often used against employees to avoid promotions. At least in my department, I’ve yet to see any of the remote workers be promoted. This is starting to affect attrition and we’re already starting to see people leaving. It’s well known at this point that the best way to get promoted is to leave Principal and get rehired, which even leadership has stated publicly. This is a huge frustration and blow to morale, as it starts to feel like employees need to compete against their co-workers for raises.

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