Northwestern Mutual Reviews | Glassdoor

Northwestern Mutual Reviews

Updated October 20, 2017
932 reviews

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3.0
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932 Employee Reviews

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Pros
Cons
  • You will be asking them to give you numbers for close friends and family (in 347 reviews)

  • Need to be motivated everyday if you want to make sales, no base salary (in 132 reviews)

More Pros and Cons

  1. "Positive experience, however, not good for long-term"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate Financial Representative in Houston, TX
    Former Employee - Associate Financial Representative in Houston, TX
    Doesn't Recommend
    Approves of CEO

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

    Pros

    Great company overall. High morals. With my boss I was able to have a flexible schedule.

    Cons

    As an AFR, you aren't actually working for the company, you are working for your employing advisor. He or she decides your salary, hours, etc. From what I've seen, most advisors underpay and expect a lot from you. The one I worked for did not provide any benefits. No insurance or retirement plan.


  2. "Financial Representative"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Intern - Anonymous Intern
    Current Intern - Anonymous Intern
    Neutral Outlook
    Approves of CEO

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

    Pros

    Great experience working with the best advisors in the business.
    Great corporate culture.
    Opportunity to make a lot of money and a lot of connections.
    Opportunity to get investment licensed

    Cons

    Basically a sales position.
    5 years is make or break period.
    Commission based 100%
    Difficult to reach sales goals.
    No real benefits because you are “running your own business”

  3. "Tough Sales Internship"

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

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

    Pros

    Work with experience pros
    Learn about finance industry
    Paid training and licensing
    Great company benefits

    Cons

    Stipend only, commission thereafter
    Must rely on existing network
    Not much guidance

    Advice to Management

    Provide more help to interns
    The person who recruited me and the reason I took the internship, later quit the role of supervising the interns and made the experience much less enjoyable


  4. "Finance services, sales, networking"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Finance Intern in Chicago, IL
    Former Intern - Finance Intern in Chicago, IL
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Northwestern Mutual as an intern

    Pros

    You get a good grasp on connecting to a network of clients and learning how to capture them into your market

    Cons

    Internship is capped at commission. Stipened pay, and hours can be long.

    Advice to Management

    Work on continuous improvement as a team starting from the bottom


  5. "Political"

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

    I worked at Northwestern Mutual full-time

    Pros

    lots of under utilized talent

    Cons

    layoffs, not family friendly, no career path, lied to by leadership


  6. "Asso Financial Rep"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Asso Financial Representative in Denver, CO
    Former Employee - Asso Financial Representative in Denver, CO
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Northwestern Mutual full-time (More than 5 years)

    Pros

    this is a good place to start learning about insurance & financial planning. Everyone was nice, although a little square.

    Cons

    Unfortunately, this role is just being someone's secretary. zero benefits, definitely a male dominated culture, and zero upward mobility.

    Advice to Management

    figure out how to transition AFRs into FRs. Offer the same benefits to AFRs as Reps. Re-organize the new Rep compensation - its ironic that you want someone to be a Financial Rep, yet make a completely STUPID financial decision in order to join your company.


  7. "Northwestern Mutual Financial Representative Intern"

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

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

    Pros

    -Great place to earn money while in school
    -Provides 1 week fast track school for sales
    -"Unlimited" income potential

    Cons

    -Summer is not usually a good time for full business cycle
    -Support staff is not helpful towards interns
    -Alot of cold calling needed to find few clients

  8. "Intern"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Northwestern Mutual part-time

    Pros

    Involved work, really great location

    Cons

    Low pay, very inflexible hours

    Advice to Management

    Not sure.


  9. "Financial Representative Internship"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Internship in Denver, CO
    Former Employee - Internship in Denver, CO

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

    Pros

    You are selling life insurance and health insurance mainly as an intern when you start and you can move from there. There is a 1000$ stipend per semester just for showing up and 500$ + commission for the first 5 clients and then another 500$ + comission for the next 5 clients so if you get 10 clients in your internship you make a minimum of 2000$ and the commission on that group.

    Cons

    They dont make you sell to friends & family but they suggest it, and they want you to use your warm markets, so any contacts. It's all commission base aside from the 2000$ so your pay can be a good deal higher or lower than a minimum hourly rate.

    Advice to Management

    Disclose comission rates for applicants.


  10. "FR"

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

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

    Pros

    Great company atmosphere, lots of potential for making money

    Cons

    Honestly, I'm a really driven person and still find it hard to meet all of the benchmarks as I work on my own all of the time, without help from management

    Advice to Management

    Give us more help


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