Northwestern Mutual Reviews | Glassdoor

Northwestern Mutual Reviews

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  1. "Tough but rewarding"

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

    Pros

    The sky is the limit for how much you want to make. Commissions are above normal compared to the industry. Benefits are good, freedom to make your own schedule. Providing people security on their assets and their future is always rewarding. Provide good training and they also pay for all of your certifications which a lot of companies do not.

    Cons

    It is very hard to start out especially right out of college. Work long hours if you are trying to build your business the right way. They give you a stipend check, but it might be a little while before you actually start making any money.

    Advice to Management

    Start giving salary for the first year or two and the switch to comission


  2. Helpful (1)

    "great company"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Wealth Management Advisor in Skokie, IL
    Current Employee - Wealth Management Advisor in Skokie, IL
    Recommends
    Approves of CEO

    Pros

    NML is a very well run company. If you cant succed here most likely something is wrong with your work ethic.

    I have been here 21 years and for the most part the folks who have really worked hard have been very succesful.

    Cons

    100 commission to get started. you have to be smart with your money. If you have a good quarter anytime in your first five years and you start spending on useless things assuming you will always have quarters like your largest one you will get yuor self in trouble quickly.

    compliance is a nightmare but in the long run well worth it when the alternatives are considered.

    Advice to Management

    reign in the control of managing partners


  3. "Great opportunities; Great Company!"

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

    Pros

    Integrity; Responsibility; Fairness; Excellence; Trust

    Cons

    Directly employed by Agent: Small company.

    Advice to Management

    Continue to demand the excellence and integrity of the 151 years experience in Financial Services.


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  5. Helpful (1)

    "Challenging but great experience for the right person."

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

    Pros

    Great training, experience, and education in areas of sales for Insurance and financial services. Advancement within the organization is non-biased and based on performance results.
    If successful early in your career, one builds a strong foundation which can ensure a successful career. NMFN provides you with all the tools and knowledge to succeed, but it is up to the individual to perform. Great People

    Cons

    Very Challenging building a practice without a natural market, and compensation is commissioned based. I would recommend having adequate savings prior to building a practice and have a clear understanding of the challenges you are getting into. Expect to put in a great deal of sweat and equity into your early activity before having results. High turnover but those that are successful within their first couple of years do very well for themselves.

    Advice to Management

    Senior Management is very effective at setting expectations, managing performance, and supporting new Financial Representatives. They are great motivators and have a great deal of experience; It was productive working with them.


  6. "Great company to work for 1st class training that will serve you well long after you leave."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Representative in New Orleans, LA
    Current Employee - Financial Representative in New Orleans, LA
    Recommends

    Pros

    Excellent Training and compensation compared to competitors.

    Cons

    Completely commission based compensation. The Company only truly incentivises insurance. If you are more investment oriented you may not like it.

    Advice to Management

    A small salary for new reps would help many people with the transition to comission based compensation.


  7. "A great place to work."

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

    Pros

    It's a conservative company that makes sound decisions. It may take them a while, but you won't find any silly ideas getting approved.

    I believe in the company's ideals and purpose. I am proud of our company and our reputation, and I work to continue that legacy.

    Cons

    The bureaucracy can be annoying. Within the Information Systems department is seems that managers were promoted above their level of competence. They needed a promotion to something, so bang! Manager. That has hurt the department as a whole.

    Advice to Management

    Keep on doing what you're doing, and we believe in this company and your strategy.


  8. "Come join our Northwestern Mutual family!"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate Financial Representative (SET Team) in Clayton, MO
    Current Employee - Associate Financial Representative (SET Team) in Clayton, MO
    Recommends
    Approves of CEO

    Pros

    I like working for Northwestern Mutual because they are the number one insurance company in the country. They take pride in their clients, ethics, and employees. Every Managing Director and Managing Partner strives so hard to make Northwestern a growing and exciting company. I enjoy the clients because you are there to help them achieve their financial goals and welcome them to the Northwestern Mutual family. Working here is really like working with your family. We all are always willing to help everyone in the office with whatever they need. The training program for our interns in a great program to be in also. Our Managing Director takes pride in those programs.

    Cons

    The office staff and assistants need a little more training on certain programs in the general agencies.

    Advice to Management

    I would tell our management team that the office staff needs more training on certain programs. We need to be able to support all of our Financial Representatives completely without too many problems.


  9. Helpful (2)

    "Ok place to work, not a dream job"

    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
    Approves of CEO

    Pros

    Northwestern Mutual has several things going for it. Job security is paramount in the current economic condition. I think most would feel that your job is secure. There's also the free lunch which is nice. Also, good health coverage compared to other past positions.

    Cons

    Like any big company, NM suffers from bureaucracy. Any decision made has to go through umpteen different levels of management. Positions in Information Systems receive lower pay compared to similar positions in other companies. Promotions at the company seem to be a mostly ceremonial event. You receive a bump in pay but the same role and responsibilities.

    Advice to Management

    Overall, NM is doing a superb job in the current economic condition maintaining a stable and strong company.


  10. "Good company, strong values."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Princeton, NJ
    Current Employee - Financial Advisor in Princeton, NJ
    Recommends
    Approves of CEO

    Pros

    The flexibility and posibility of success

    Cons

    Compensation, training, no salary, and no help with leads.

    Advice to Management

    To be more positive, use less negative reinforcement.


  11. "Your true career begins here..."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director of Career Development in Davenport, IA
    Current Employee - Director of Career Development in Davenport, IA
    Recommends
    Approves of CEO

    Pros

    The vision and passion that everyone has in them, added with the great respect management has for all who work within the team. It is a team environment, but with the autonomy of becoming whatever level of greatness you would like to be. There is no ceiling, but there is an incredible foundation! Seeing the impact that each of the representatives has with their clients, knowing that each was trained with vision that it is about the quality of the relationships with our clients, not the quantity. Opportunity is a word I hear a lot with the reps, and each has thier own definition of what it means to them, and Northwestern Mutual has provided them with the path to seize it.

    Cons

    You must have your own drive - that is something that can not be taught. It is effort+perisistency+passion = rewards

    Advice to Management

    Don't ever lose the vision that has gotten us this far!!!