Northwestern Mutual Reviews | Glassdoor

Northwestern Mutual Reviews

Updated November 8, 2017
238 reviews

Filter

Filter


1.0
StarStarStarStarStar
Rating TrendsRating Trends
Recommend to a friend
Approve of CEO

238 Employee Reviews

Sort: PopularRatingDate

Pros
Cons
  • You will be asking them to give you numbers for close friends and family (in 355 reviews)

  • Need to be motivated everyday if you want to make sales, no base salary (in 135 reviews)

More Pros and Cons

  1. Helpful (1)

    "Job security / stability / executive ethics - all gone"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - IT Professional
    Former Employee - IT Professional
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Northwestern Mutual full-time (More than 10 years)

    Pros

    A lot of good people (used to) work there. Free lunch

    Cons

    A company with a fantastic reputation for over 160 years, a AAA credit rating and a healthy budget surplus every year, decided to lay off a massive amount of American employees (many vested) and replacing them with offshore resources. The layoffs were staggered over a year or so to avoid public attention. This company doesn't even sell it's products overseas. Benefits have decreased rapidly and dramatically over the past several years.

    Advice to Management

    You can give yourselves all the awards and pats on the back you want. It's all dog and pony. Really a shame how quickly you destroyed a Milwaukee icon. The end came fairly swiftly after Ed Zore retired, a man of amazing integrity.


  2. "Criminal Organization, don't get sucked into their egregious indicative behavior that they will pay for"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Advisor/Leader in San Francisco, CA
    Former Employee - Advisor/Leader in San Francisco, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    training and measurables on paper are good, which is why people put up with the abhorrent abuse in the San Francisco office which incl. San Francisco, San Jose, Walnut Creak and Silicon Valley though they've thought of closing down Silicon Valley like Pleasanton because they don't do well in the financial industry there nor do they treat their female employees ok.

    Cons

    When you join you are literally signing your life away. You are entering a slow death of verbal abuse and tons of intimidation. You are at the management's pity and they change their mind constantly on who their new favorites are. Sometimes their favorites are an attempt where they'll make false allegations to try and get you to pay up money you don't owe but they'll say they do, then it gives them an excuse to take more money from you. They'll go as far as lying to cover their extortion. I can't tell you how egregious many's experience's are. I am not afraid of them, they've already taken everything they could even though I was innocent and I know others who endured similar but when it happens again it gets worse. They also spy on you that reviewer who mentioned that is dead on. This company literally attempts emotional murder to steal your clients and residuals, emotional murder by the biggest witch hunt you could imagine. People get vindicated and they still think they can get away with it. Please spare your life and avoid NM at the senior level and in SF at all costs. You will be so grateful you did.

    Advice to Management

    You will get caught so either keep it up and you're behavior which is not right will be punished more or stop and perhaps you can avoid some of what you're in store for losing. Have you heard of risk management?

  3. "Intern"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Learn how to get cheated out of your contacts/netwrok

    Cons

    Calling people you know because it affects the relationships you have


  4. Helpful (2)

    "Huge Regret"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in Provo, UT
    Former Employee - Financial Advisor in Provo, UT
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    You can potentially meet some amazing people.

    Cons

    Where to begin?

    This is one of the hardest jobs you'll ever have. If you hate yourself, take it. You can literally make just as much if not twice as much money working half as hard somewhere else. This is not a job where if you work harder you'll make more - there is no guarantee there. 98% of the people who actually do make good money do work hard - but they also knew wealthy people to begin with. If you don't know super wealthy people willing to hook you up, this job is not for you.

    This is the job - reach out to people you know - friends/family - to begin asking them to meet with you to buy life or disability insurance under the facade that you're a "comprehensive" financial planner. Especially in the beginning, you're only licensed to do insurance, and because the job is 100% commission, you're completely incentivized to sell insurance with the dream that some day you'll be an investment advisor. There's no denying that life insurance and disability insurance are great things, but permanent life insurance is arguably one of the worst investments you could make (with incredibly limited exceptions), but you drink the cool-aid and come to believe it's one of the greatest things ever - until you get out and your eyes are opened. And as far as term goes - you can get insurance that's just as good for half the price elsewhere.

    It's also an industry where prestige and wealth are glorified to the point where even reps making no money feel the pressure to act as if they know it all and have made it. It's a very materialistic world - but that's how they keep you, with the promise that you'll be incredibly wealthy. There is an incredibly small chance you'll become someone who makes tons of money. But the reality is, where else will you work where they'll ask you to sell to your closest friends and family, on 100% commission, asking you to pay for your office space, and if any contracts fall through, you get to pay it all back. So yes, you made some money, but you can't use it for a year or you're in trouble if anything reverses. Essentially you'll end up paying Northwestern Mutual to work there.

    Advice to Management

    Preach the numbers, that's fine, but then teach people the actual skill they need.

    If someone isn't doing well, fire them. Fire them fast - too many people hang around wasting their time and money when they should be gone.

    The "my way or the highway" approach doesn't work. Build people up, don't tear them down.


  5. "Complete waste of time"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Culture is good. Work/life balance is completely up to you to set.

    Cons

    Anyone who tells you it's anything other than a sales job, is lying to your face.

    Advice to Management

    Be up front with potential hires. Do not lie by omission or give a half empty job profile. Also, insurance companies should stick to insurance. Leave investing to the banks and brokerages who know what they're doing. Don't try to copy the big boys.


  6. "SLC UTAH office is awful."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Salt Lake City, UT
    Former Employee - Anonymous Employee in Salt Lake City, UT
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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

    Pros

    Sadly, there are no pros. Too bad negative stars were an option. If o had to pick one pro, it would be the office location, and the office it’s self is beautiful.

    Cons

    This office is full of some of the most self centered, rude, incompetent people. Everything is about status, it’s honestly like being in Jr. High.


  7. "FINANCIAL REPRESENTATIVE"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    Former Contractor - Anonymous Contractor
    Former Contractor - Anonymous Contractor
    Doesn't Recommend

    I worked at Northwestern Mutual as a contractor (More than 10 years)

    Pros

    Good training,helping people,providing for families.If you take care of your clients,they will stay with you when you leave.

    Cons

    You are sold on being your own boss.Control of your own destiny.It is your business.These statements are a lie.You are a contract employee.After 21 loyal years,the manager doesn't renew your contract because they need office space for new agents.The bulk of managements compensation is in the first 2 years as an agent.You have no recourse and now you have a non-compete clause.Who is Northwestern Mutual protecting? It is amazing how management turns a blind eye to unethical practices when an agent is producing.

    Advice to Management

    Get a real job.The override from the agent is over the top.It certainly isn't what it use to be.

  8. "Eh"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Intern
    Former Intern - Intern

    I worked at Northwestern Mutual as an intern

    Pros

    really flexible, basically up to you when you come/go for the day

    Cons

    had to reach out to all of my friends and family to try to sell them NWM products


  9. "financial representative"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Anonymous Intern
    Former Intern - Anonymous Intern

    I worked at Northwestern Mutual as an intern

    Pros

    Need to work really hard to make money.

    Cons

    You are just selling insurance.


  10. "Intern"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Anonymous Intern
    Former Intern - Anonymous Intern
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Northwestern Mutual as an intern

    Pros

    Paid for licensing and 100 dollar stipend.

    Cons

    Terrible work environment, no structure.

    Advice to Management

    Have a better internship program.


Showing 238 of 3,987 reviews
Reset Filters