Northwestern Mutual Reviews | Glassdoor

Northwestern Mutual Reviews

Updated August 18, 2017
2,605 reviews

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2,605 Employee Reviews

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Pros
Cons
  • You will be asking them to give you numbers for close friends and family (in 332 reviews)

  • The turnover rate is very high because there is no base salary for full-time reps (in 123 reviews)

More Pros and Cons

  1. Helpful (3)

    "Great place to work if you enjoy being miserable every day."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor Associate in Pittsburgh, PA
    Former Employee - Financial Advisor Associate in Pittsburgh, PA
    Doesn't Recommend
    Disapproves of CEO

    I worked at Northwestern Mutual full-time (More than 3 years)

    Pros

    I met some really great life long friends here. The pay is actually pretty good, even though you have to sell your soul. The office location is downtown Pittsburgh, so it’s a cool spot to go out after work and have drinks after a long, exhausting stressful day.

    Cons

    The Financial Reps (some not all) are horrible to the Associate Financial Reps/Assistants, esp if they are having a bad day or not making a lot of money in a given week. The new Recruits/Financial Reps also have it hard; Mgmt CONSTANTLY recruits new fresh reps out of college and gives them the impression that they will make a salary of 100,000+ dollars after year one. Even if that is true, the rep has to pay for everything they use in the office – office space, assistant help, supplies, fax copies, etc. It is basically like a pyramid scheme. They bring in fresh recruits and then force them to reach out to all of their family and friends to offer to sell insurance, which is fine. The bad part is that they will have a senior Financial Rep go with them to the in-person meeting, and then they will take a cut of the sale money. If the new rep cannot continue to source new people, other than their family, they will be let go within the first 9 months, but the experienced rep will still have the money from the sales from the new rep’s connections. You will be let go fast if you cannot keep up and bring in fresh new clients each and every week. There is so much turnover here with reps, it’s really crazy. The office was not terribly huge, but I would constantly see new faces. Again, this isn’t necessarily a bad thing, if you are comfortable with this type of setup.

    Also, the HR Department here was awful. They are not helpful at all if you have an issue; they only care about the Financial Reps who are part of the ‘Million Dollar Roundtable.’ HR is so unprofessional, I don’t feel comfortable listing all the details, but the person there was just terrible and really let a lot of people down.
    The “experienced” reps are still younger(ish) guys so they seem nice at first, but also have a chip on their shoulder, and are typically very entitled and spoiled. So this makes it hard to interact with them. They want to come off as the cool, calm relaxed type, but when you get to know them you see this is a fake persona.
    They don’t want to pay the assistants much money, but the pay is still good since they are paying you more than you would make elsewhere. It’s just not worth it however, because they treat you so poorly that I would rather be paid less, and treated with respect. If you are sick and still come to work and 5 mins late, they give you a hard time, and they micromanage you.
    The office is very outdated and very boring, but this is not a deal breaker, just disappointing.
    Overall, if you are ok with a stressful, outdated office with micromanagers who are entitled, inexperienced and hard to deal with, then definitely apply to work here.

    Advice to Management

    Try to act human towards others, and don't act like you are on Wallstreet in NYC in the movie Boiler Room, because this just sad.


  2. "Financial Rep"

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

    Pros

    incredible team to help with development

    Cons

    without family in the area, prospecting is hard

    Advice to Management

    NONE

  3. "Financial Rep"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Sacramento, CA
    Current Employee - Anonymous Employee in Sacramento, CA

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

    Pros

    Lots of room to grow and flexibility

    Cons

    very micro managed but helpful

    Advice to Management

    Keep doing what you are doing


  4. Helpful (1)

    "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. "Overall is a great place to work until your retire."

    StarStarStarStarStar
    • Work/Life Balance
    Former Employee - Anonymous Employee in Milwaukee, WI
    Former Employee - Anonymous Employee in Milwaukee, WI
    Recommends

    I worked at Northwestern Mutual full-time (More than 3 years)

    Pros

    Slower paced than publicly traded companies. Has a good work life balance. Free lunch every day. Friendly people.

    Cons

    Politics. Lots of committees. Lots of old processes with lots of people who don't want to improve them.

    Advice to Management

    Keep hiring young people and force older workers to learn new tech. Reduce number of committees.


  6. "AFR at NWM"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Seattle, WA
    Former Employee - Anonymous Employee in Seattle, WA
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    I worked at Northwestern Mutual full-time (More than 3 years)

    Pros

    Fun culture, great co-workers, good work-life balance.

    Cons

    Lack of advancement opportunities, some high-stress situations.


  7. "Good place to start, not to finish"

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

    I worked at Northwestern Mutual full-time (More than 3 years)

    Pros

    Good training, good place to learn the insurance business.

    Cons

    Don't provide investment support - make you contact your closest friends and family and keep them on their books after you move on

  8. "College Financial Rep"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Looks great on your resume

    Cons

    Push you to sell to friends/ family

    Advice to Management

    None


  9. "Turn and Burn"

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

    I worked at Northwestern Mutual full-time

    Pros

    Big Company to work for and good initial training

    Cons

    very little support after training. you have to sale to family and friends to begin and come up with list of 300 names. you are trained that life insurance fits for every client.


  10. "financial adviser"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Phoenix, AZ
    Current Employee - Financial Advisor in Phoenix, AZ
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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

    Pros

    work life balance is great

    Cons

    no salary with payments

    Advice to Management

    none


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