Northwestern Mutual Reviews | Glassdoor

Northwestern Mutual Reviews

Updated September 21, 2017
424 reviews

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424 Employee Reviews

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Pros
Cons
  • You will be asking them to give you numbers for close friends and family (in 340 reviews)

  • The turnover rate is very high because there is no base salary for full-time reps (in 126 reviews)

More Pros and Cons

  1. "Great for a client, terrible for an employee."

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

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

    Pros

    You learn a LOT. Whether you make it in the business or not, you'll leave as a changed person. You learn how to sell, break out of your comfort zone, importance of financial planning, how to manage your own finances, how to call people, how to build your own book of business, small business, etc.

    Chances are, you will not make it. But if you do...You'll become ridiculously rich. All by doing the right thing and making an impact in peoples lives. You'll find the value once you experience your first claim. You will ONLY become successful if you're HUNGRY and CARE about people. If you don't care, become a stock broker.

    Cons

    Minimal to no perks...literally. You're a business owner. You want perks? get it yourself.

    Advice to Management

    New representatives are not another number. CARE about them. Metrics are good to measure progress but find out WHY people are struggling. Sometimes all they need is a few words to show that their mentors/directors care about their growth.


  2. "Basic Benefits"

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

    I worked at Northwestern Mutual full-time

    Pros

    People were kind and there were high expectations for the employees.

    Cons

    Leadership was not present and there was not a focused direction. Benefits were very basic, including not many options for health/medical.

  3. "Financial Representative internship"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Financial Representative in Minneapolis, MN
    Former Intern - Financial Representative in Minneapolis, MN
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I worked at Northwestern Mutual as an intern

    Pros

    Good company culture, decent experience building a book of business, only 40 hour week

    Cons

    Bad pay, non-finance, forced to sell life insurance to friends and family


  4. "Anonymous"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Disapproves of CEO

    I have been working at Northwestern Mutual full-time

    Pros

    New building downtown; free lunch

    Cons

    Highly politicized environment; lack of advocacy and support from managers; career advancement based on who you know and not merit; lack of integrity from leadership; management more concerned about looking out for themselves vs assisting their team. It's NOT the great company it was in the past.


  5. "Intern"

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

    Pros

    Pretty good training
    Staff was very nice
    Pays for licenses and fees
    Good management

    Cons

    Very broad about job
    Says its not a sales job, but it is very close to a sales job

    Advice to Management

    I think management/recruiters should be more clear about what the job entails, and how the internship works.


  6. "No base pay"

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

    Pros

    You have lots of freedom

    Cons

    They lie to get you in the door, its really hard to make money


  7. "Changing Home Office Culture"

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

    I worked at Northwestern Mutual full-time

    Pros

    Good investment and life/disability /products

    Cons

    Changing Home Office culture after 160 years

  8. "Financial rep"

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

    I worked at Northwestern Mutual full-time

    Pros

    Good training compared to the rest of the industry.

    Cons

    Core product is still whole life insurance and that's a big problem. The company is a dinosaur. The financial world has changed and whole life is done.

    Advice to Management

    Put your clients first and stop making reps push a product that doesn't make any sense.


  9. "Sr. Product Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I have been working at Northwestern Mutual full-time

    Pros

    In the past I would have said work-life balance was the primary pro which is no longer the case.

    Cons

    The company is stuck decades behind in all aspects from HR to technology.


  10. Helpful (1)

    "Financial rep"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Representative in Woodland Hills, CA
    Current Employee - Financial Representative in Woodland Hills, CA
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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

    Pros

    Good training with competent individuals

    Cons

    Toxic Culture that only rewards selling life insurance

    Advice to Management

    Be more transparent


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