Northwestern Mutual Reviews | Glassdoor

Northwestern Mutual Reviews

Updated February 21, 2017
376 reviews

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Northwestern Mutual Chairman and CEO John E. Schlifske
John E. Schlifske
68 Ratings

376 Employee Reviews

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Pros
Cons
  • You will be calling on friends and family at the beginning (in 300 reviews)

  • Little to no base salary, pure commission (in 109 reviews)

More Pros and Cons

  1. "Associate Financial Representative"

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

    I have been working at Northwestern Mutual full-time

    Pros

    Relaxed work environment for Non-reps, very friendly co-workers, simple work (decent short learning curve)

    Cons

    Non-sales folks (non-reps) are second-class citizens in terms of perks, compensation, status, work location (all facets) compared to reps. The firm solely rewards and recognizes sales by reps, and that attitude translates down into a commoditized view of the AFR role. Staff are seen as replaceable and are paid as such. New reps should be prepared to sell like mad men or women (sales is the only real skill needed/trained) and new AFR's should be prepared to work with little recognition/pay on Administrative work (filing, appt setting etc...).

    Advice to Management

    Nothing. Your system is designed very specifically, and you know that. Yo reward the firm for sales first, the rep for sales second- with disregard for the tenure/experience of AFRs.


  2. "Financial Representative"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Financial Representative in Tallahassee, FL
    Former Intern - Financial Representative in Tallahassee, FL
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Get experience leading meetings and developing new contacts

    Cons

    Never really have a great shot at becoming what they want you to. You have to sell to your friends and family which is never fun.


  3. "College Intern"

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

    I have been working at Northwestern Mutual as an intern

    Pros

    Have to really push it to be successful

    Cons

    Your job is to cold call for the full time employees. Job gets very stale very quickly.

    Advice to Management

    Incorporate more than cold calling


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  5. "Not a great experience"

    Star Star Star Star Star
    Former Intern - Anonymous Intern
    Former Intern - Anonymous Intern

    I worked at Northwestern Mutual as an intern

    Pros

    Good learning experience in building a business

    Cons

    Not really a financial planning job


  6. "Intern"

    Star Star Star Star Star
    • 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

    Will get a $1000 stipend

    Cons

    Waste of an internship. They will literally hire anyone


  7. "Not as described"

    Star Star Star Star Star
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Can make alot of money if you get really lucly

    Cons

    Mostly end up just calling your family trying to sell them insurance


  8. "Ehhhh"

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

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

    Pros

    lots of opportunitity for professional development. structured internship program. very social office. lots of happy hours. you basically can set your own hours

    Cons

    so much cold calling. must source your own leads. no base salary. 100% commission.


  9. "Financial planning internship"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Financial Planning Intern in Green Bay, WI
    Former Intern - Financial Planning Intern in Green Bay, WI
    Doesn't Recommend

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

    Pros

    There are a number of advisers who are legitimately interested in helping their clients.

    Northwestern is a good company overall

    Flexible schedule

    Transition available to full time if you succeed at the internship.

    Cons

    Many advisers are only in it for the money, leading to a sometime uncomfortable client.

    Your success largely depends on the quality of the internship program leaders in your office. In my office we were constantly behind and out of the loop compared to the interns in the neighboring offices that we had training meetings with.

    Home office in Milwaukee is heavily favored, and the main office in your region has a big advantage over the others largely due to the access to hugher wuality leaders and training personnel.

    Your success in this internship relies on the people you know and your ability to get them to buy insurance from you. The people that do best here are the ones who know business owners that for some reason do not have good financial plans or insurance options for their employees, or people whose parents want to buy insurance from them.

    The recruitment and interview process is very misleading. They do not tell you that you will either be cold-calling people or exploiting your friends and family to try to sell them insurance until the week-long, 40+ hour unpaid training process.

    Advice to Management

    make sure the internship leaders are available and responsive to the interns. try to make opportunities more equal across all offices.


  10. "Financial Representative Intern"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Anonymous Intern
    Former Intern - Anonymous Intern
    Doesn't Recommend

    I worked at Northwestern Mutual as an intern

    Pros

    Life and Health Certification is required

    Cons

    Northwestern has an extremely high turn over rate.
    Base pay is $100 a week, which barely covers parking and driving expenses for most people


  11. "Horrible atmosphere"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Senior Project Manager in Hainesville, IL
    Former Contractor - Senior Project Manager in Hainesville, IL
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    The company has been around a long time

    Cons

    They are very old school and treat their contractors and employees terrible.

    Advice to Management

    Learn to respect contractors and employees



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