Northwestern Mutual Reviews | Glassdoor

Northwestern Mutual Reviews

Updated July 22, 2017
1,737 reviews

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4.2
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1,737 Employee Reviews

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Pros
Cons
  • You will be asking them to give you numbers for close friends and family (in 327 reviews)

  • The turnover rate is very high because there is no base salary for full-time reps (in 121 reviews)

More Pros and Cons

  1. Featured Review

    Helpful (23)

    "Amazing training and culture"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Representative in Schaumburg, IL
    Current Employee - Financial Representative in Schaumburg, IL
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Since starting, I have had world class mentors teaching me 1 on 1, and constant attention if I needed it. It's amazing how much people will go out of their way or sacrifice their time to help me learn. I have so much in a short 2 years. I cannot see myself every working somewhere else.

    Cons

    You have to be a self starter! This career provides a ton of autonomy and flexibility...but the people that abuse the flexibility end up failing. It's important to be a self motivator to earn the money and freedom that you want!

    Advice to Management

    Keep utilizing a "team culture". I love that I have a team I can go the extra mile for. It's also great being surrounded by people who are in the exact same spot as me. It's fun learning and bouncing ideas off of each other.


  2. "Great company!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Clearwater, FL
    Current Employee - Anonymous Employee in Clearwater, FL
    Positive Outlook
    Approves of CEO

    I have been working at Northwestern Mutual full-time

    Pros

    Best company!amazing training., great culture!

    Cons

    This company doesn't have cons!

    Advice to Management

    Keep up the great work!

  3. "Summer College Financial Intern"

    StarStarStarStarStar
    • 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

    Teaches you a lot, looks good on resume, is best possible internship if you want to do financial planning and be a financial advisor.

    Cons

    Pay is not high, must have established contacts and a good network, lots of do it on your own pressure, very sales oriented and pushing products.


  4. "Constant change, wonderful vision"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Milwaukee, WI
    Current Employee - Anonymous Employee in Milwaukee, WI
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Mission and vision are very unifying. Great opportunities to grow. Change is a constant, but the purpose for change is focused on making things better for our clients, so the evolution is positive overall. The workplace is always improving and the company invests in creating a great physical work environment.

    Cons

    Politically-driven culture. Leadership does not seem to trust high-quality employees enough. Perfection is demanded--little room for failure. Reluctance of leadership to take risks. Training opportunities can be improved and more relevant.

    Advice to Management

    Clarify what our future holds, continue driving culture change, great job on diversity and inclusion efforts


  5. "Very Satisfied Intern"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Intern - Cdx in Milwaukee, WI
    Current Intern - Cdx in Milwaukee, WI
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Flexible hours, Potential to work remotely, Great mentorship program for interns, Very outgoing internal community, Opportunity to learn new technologies

    Cons

    Few parking options for downtown


  6. "Communications Intern"

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

    I have been working at Northwestern Mutual as an intern

    Pros

    networking and professional development opportunities

    Cons

    work load varies per department

    Advice to Management

    Create a more efficient intern orientation for those that start prior to summer (ex. intern mentorship program)


  7. "Financial Representative"

    StarStarStarStarStar
    Current Intern - Anonymous Intern
    Current Intern - Anonymous Intern

    I have been working at Northwestern Mutual as an intern

    Pros

    Create your own schedule and great work environment

    Cons

    The length of the sales process

  8. "Beware"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Contractor in Franklin, WI
    Current Contractor - Contractor in Franklin, WI
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Northwestern Mutual as a contractor (More than 10 years)

    Pros

    Free lunch if you work on campus. People are "nice."

    Cons

    Risk takers/entrepreneurial types not appreciated. NM tries to pretend they are moving into cutting edge tech and products but the vision is based on middle age white man's ideas. Now appears they are trying to remake themselves into a "digital" company, where one can buy products online, bypassing the field salesperson. I don't know how this will shake out in the end. Problem is their portfolio is largely invested in bonds, which as we all know, have paid next to nothing for years. So that's a good time to build a massively expensive new headquarters which will be mostly empty since NM sent all operations to the Franklin, WI site. NM has never paid "market" rate for most positions, and hence loses the most highly skilled people to other opportunities on a regular basis.

    Advice to Management

    Get rid of the current CEO, who made a big mistake mortgaging the company future by spending megabucks on a non-essential new office building. Don't expect big things from LearnVest (the "online" investment platform that NM paid big bucks to acquiire:) putting all your personal financial details/passwords/access to your investment accounts online is putting you at risk for hacking and identity theft--I've had problems like this with other investment firms (times two) and even the Post Office! There are only so many identity theft monitoring services that one can use at a given time.


  9. "Financial Advisor"

    StarStarStarStarStar
    • 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

    Great training program. Great being able at keeping with meetings that are required and holding one accountable.

    Cons

    Support for a first year rep was not really a good one, too many fees before you'll start seeing income initially.

    Advice to Management

    Be more upfront about the what the job really entails, if a rep states they need help then help them. If one isn't able to help them in that form then state that isn't available in stead of having them string along.


  10. "Great Opportunity"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Salt Lake City, UT
    Current Employee - Financial Advisor in Salt Lake City, UT
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Northwestern Mutual full-time (More than 3 years)

    Pros

    Autonomy ; residual income ; unrivaled education, training, and development. Educational support and financial support. Pension Plan & bonuses.

    Cons

    Not for the weak minded or faint of heart.


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