Northwestern Mutual Reviews in New York City, NY | Glassdoor

Northwestern Mutual New York City Reviews

Updated July 11, 2017
174 reviews

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New York City, NY Area

3.7
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174 Employee Reviews

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Pros
Cons
  • You will be asking them to give you numbers for close friends and family (in 327 reviews)

  • The turnover rate is very high because there is no base salary for full-time reps (in 121 reviews)

More Pros and Cons

  1. "Good Experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Financial Representative in Paramus, NJ
    Former Intern - Financial Representative in Paramus, NJ
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Good work environment.
    Real world work experience.
    More than just an internship.
    Great potential to grow within the company.
    Ability to begin growth of a network.

    Cons

    Can be hard at the beginning for college students.

    Advice to Management

    None


  2. "Director of Recruitment"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director of Recruiting in New York, NY
    Current Employee - Director of Recruiting in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Northwestern Mutual full-time (More than 10 years)

    Pros

    Great company, great people, great financial products, lots of freedom to execute on new recruiting strategies and ideas as long as you perform

    Cons

    Lack of training and resources for recruiters new recruiters, lack of recognition to recruiters from leadership for meeting and exceeding recruiting targets, lack of growth for experienced recruiters.

    Advice to Management

    Recruiter turnover is high, so focus on recognizing the recruiters that perform well. Also spend less time on high maintenance recruited who don't put in the work and don't meet their recruiting targets.

  3. "Great place to work for driven, motivated, and coachable individuals looking to build a financial planning practice."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Planner in New York, NY
    Current Employee - Financial Planner in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Compensation. Flexibility after a few years and the ability to work with people from all over the country. There aren't territory or house accounts issues.

    Cons

    Most people will fail because they don't adhere to the basics and try to reinvent the wheel. Following the formula works.


  4. "Financial Representative Intern"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Intern - Financial Representative Intern in New York, NY
    Current Intern - Financial Representative Intern in New York, NY
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Northwestern Mutual as an intern (Less than a year)

    Pros

    -Great Resume booster
    -Real look into the financial planning world
    -Great managers
    -Great products

    Cons

    -They basically try to get your family and friends to buy products, I realize that is how you start off and build up your network, however I feel like I am also depending on my friends and family for my income.

    Advice to Management

    -Loved my managers, the only reason I am looking for other place of work is because there is no salary. I believe i could make it in this career, however no salary pushes me away and attracts me to companies like J.P Morgan


  5. "Good Managaement, Bad Place"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Fund Manager in New York, NY
    Former Employee - Fund Manager in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at Northwestern Mutual (More than a year)

    Pros

    Good CEO, decent company to work for

    Cons

    bad internship program in general

    Advice to Management

    fix internship program


  6. "time consuming"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Intern - Financial Consultant in New York, NY
    Current Intern - Financial Consultant in New York, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Northwestern Mutual as an intern (Less than a year)

    Pros

    lucrative and helped me grow

    Cons

    challenging but also helped me grow


  7. "Financial representative"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Representative in New York, NY
    Former Employee - Financial Representative in New York, NY
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Northwestern Mutual part-time (Less than a year)

    Pros

    Northwestern Mutual offers one of the best trainings in the industry.

    Cons

    The major thumbs-down was the unpredictable income.

    Advice to Management

    Management should allocate more resources to new representatives to acquire clients

  8. "Financial Representative Intern"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Intern - College Financial Representative in Paramus, NJ
    Current Intern - College Financial Representative in Paramus, NJ
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Northwestern Mutual as an intern (Less than a year)

    Pros

    Great training and support system. Leadership wants you to do well as they also benefit from your success. Home office is a great resource for anything you need. The sense of family at the big events such as Annual Meeting or Eastern Regional is really motivating. You have so many people to help you succeed. You get what you put into this internship. You make more when you work more. The more people you reach out to the better you will do. If you don't have a strong network this isn't the job for you. It is especially convenient if you go to school near the office you work in during the internship so you can continue to go into the office during the school year. This has helped me be have the success I have here

    Cons

    It's pretty tough to start out. It's hard to reach out to people without sounding like a salesman. Their language helps. Take that language and twist it in to your own words so it sounds more natural. My buddies and I just called random people in the phone book to practice until we felt comfortable reaching out to people we knew. The pay is tough. You start out with the $100 a week stipend until you submit some business and get paid on it. It was tough to pay the bills at first so make sure you come into this with a financial cushion if you are self reliant.

    Advice to Management

    I have a great management team. I couldn't ask for more from them. Very supportive all the time and they make the office feel like a family


  9. "Supportive"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Provides training and development to all employees. Family oriented, supportive - the management and company actually care.

    Cons

    I have not come across any issues


  10. "Don't be fooled"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Recruiter in New York, NY
    Former Employee - Senior Recruiter in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Northwestern Mutual (More than 3 years)

    Pros

    - fun people
    - a lot of drinking events
    - good way to get foot in the door in finance

    Cons

    - WAY below market pay for staff
    - brainwashing culture
    - you need to LOVE sales to work here
    - unqualified people think extremely highly of themselves
    -gets old very quickly

    Advice to Management

    - stop badgering people to introduce you to clients and candidates
    - pay at market value
    - stop hiding the fact that you are still primarily and insurance company and that you field staff are insurance sales man


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