Northwestern Mutual Reviews | Glassdoor

Northwestern Mutual Reviews

59 reviews

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4.0
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Northwestern Mutual Chairman and CEO John E. Schlifske
John E. Schlifske
0 Ratings

Employee Reviews

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  1. "Great place to work, and when I say work, I mean WORK."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Representative in Lombard, IL
    Current Employee - Financial Representative in Lombard, IL
    Recommends
    Approves of CEO

    Pros

    Career education, growth, and great opportunity.
    Good quick training.
    Potential for unlimited income.
    Great support for your first year in the business (enhanced commissions)
    Friendly work environment.
    Good people in general.
    Recognition and rewards for accomplishments.

    Cons

    Lack of support when it comes to leads.
    Tough place to start out straight out of college.
    Management varies from office to office (Could be good, could be bad) In my case bad.
    Life insurance is the center of attention and the number one recommendation to each prospect.

    Advice to Management

    Supervise those in charge and make sure they stay on topic (be relevant). Some of the people in management are egotistical and quite frankly rude.


  2. "Decent Place to Work"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Operations Associate in Richmond, VA
    Current Employee - Investment Operations Associate in Richmond, VA
    Approves of CEO

    Pros

    -Great work schedule
    -Positive atmosphere and amazing coworkers
    -Good Job security
    -Gained valuable expeirence in the financial services industry
    -Had a wonderful and flexible boss and management in general

    Cons

    -No real opportunity for career advancement
    -Very little job responsibility
    -Pay was not great, and benefits were below average as well
    -Had to work on all days the stock market was open.

    Advice to Management

    The management needs to take a better look at the benefits for retaining staff memebers. They are not able to hire young talent because there is no incentive for them to come. Management also needs to identify intelligent employees and give them more responsibility.


  3. "Absolutely great company, unquestionably elite in life insurance, but benefits to employees are lacking."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Representative Intern in Houston, TX
    Current Employee - Financial Representative Intern in Houston, TX
    Doesn't Recommend
    Approves of CEO

    Pros

    Truly run your own financial services practice.

    Cons

    Sales cycle/language techniques lean on the more manipulative side. Selling insurance is not for everybody.

    Advice to Management

    none


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  5. "Good if you have the drive"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Representative in Richmond, VA
    Current Employee - Financial Representative in Richmond, VA
    Recommends
    Approves of CEO

    Pros

    northwestern is a fantastic company

    Cons

    100% commission which can be very up and down

    Advice to Management

    more support in networking


  6. "Northwestern Mutual is one of the best places to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Orlando, FL
    Current Employee - Anonymous Employee in Orlando, FL
    Approves of CEO

    Pros

    Great company, highest ratings and recognition. Excellent training and support from home office. Excellent benefits and awards. Would recommend to anyone who would like to start their own business and be their own boss.

    Cons

    Cons to working at Northwestern Mutual are that you are not only in competion with other providers you are in competition with your own company. Joint work can be messy.

    Advice to Management

    Provide more training in how to deal with joint clients and competing for business with representatives in the same office.


  7. Helpful (1)

    "internship"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - College Financial Representative in Salt Lake City, UT
    Current Employee - College Financial Representative in Salt Lake City, UT
    Recommends
    Approves of CEO

    Pros

    easy money, you also learn a lot about the financial services industry and whether or not it is a place for you

    Cons

    the internship is a sales job, and you need to be comfortable asking friends and family to purchase insurance from you

    Advice to Management

    there is definitely good help at the firm for you, although sometimes they are more interested in their own practice than helping you


  8. "One of the best companies to work for"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Systems Specialist in Milwaukee, WI
    Current Employee - Systems Specialist in Milwaukee, WI
    Recommends
    Approves of CEO

    Pros

    NM has a great benefits package and listens to their employees. The work-life balance is important to this company, and its something that comes up during review periods if you seem to be spending too much time at the office. Work at home is flexible within the Information Systems department, so if something comes up (you or child is sick, errands to run, delivery expected) you are allowed to work at home.

    Cons

    The pay is low compared to similar jobs outside the company, but the benefits make up for it. There is a lot of bureaucracy at the company, and its very difficult to get a systems change done. Plus, the rules governing the systems change process is about to get a lot more restrictive, making any systems administrator's job a LOT more difficult! The reason behind the red tape is that it's imperative systems remain available to our clients, as any down time results in lost revenue. Which is understandable, but still makes our jobs harder.

    Advice to Management

    Be a little more lenient in the change management process. Also realize that it seems some teams do not follow the change management process at all, while other teams follow it exactly. There needs to be some more accountability on teams not following the CM process.


  9. "Supportive place to work!"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Representative in Milwaukee, WI
    Current Employee - Financial Representative in Milwaukee, WI
    Recommends
    Approves of CEO

    Pros

    The management team has your back no matter what. The training is pretty special, too. You will enjoy your time here. Do joint work! The only way you will learn from the best. These guys are amazing.

    Cons

    Starting out, you truly do take any appointments possible. Get good at prospecting from day 1! When you believe in this company, people can see it!

    Advice to Management

    I would suggest paying for people to attend the Annual Meeting. It is a great experience and I wish I could bring my clients to it. It's a shame for any Rep. to miss this.


  10. "Great People to work with, but must be dedicated"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Des Moines, IA
    Former Employee - Anonymous Employee in Des Moines, IA
    Recommends
    Approves of CEO

    Pros

    They have a great support staff, and everyone is really fun to work with. You definitely have the backing of the company in what you do.

    Cons

    You have to be dedicated to make it. Not easy to make the big bucks right away. You have to be pretty available to take appointments any time you can get them and it is tough at first but if you stick with it you can be successful.

    Advice to Management

    Keep supporting new workers to keep up retention.


  11. "Decent Entry-Level Job"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Sales Representative in New York, NY
    Current Employee - Sales Representative in New York, NY
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Great training and excellent benefits package. Good commission on sales. Easy, hassle-free interview process. Strong emphasis on corporate culture and teamwork. Uncapped earning potential.

    Cons

    Pay is 100% commission, no base salary whatsoever. New recruits must network on their own with no leads, everything is based on referrals. Management pressures new reps to sell to friends and family, which may be uncomfortable for otherwise capable salespeople.

    Advice to Management

    Offer some base pay. Even if it be a small amount, most people are completely turned off to working for 100% commission.