Northwestern Mutual Reviews | Glassdoor

Northwestern Mutual Reviews

92 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. "Financial Rep. At Northwestern Mutual"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Representative in Greenville, SC
    Former Employee - Financial Representative in Greenville, SC
    Recommends
    Approves of CEO

    Pros

    I find that all of the people that work at Norhwestern Mutual are always great to talk to and willing to offer a lending hand. The growth potential is great and they give you a great framework to be successful.

    Cons

    the only downside that I had working at Northwestern Mutual is that there is a bit of a slow start, and the compensation is based mainly on commissions.

    Advice to Management

    The only advice that I could give the leadership at Northwestern Mutual is to offer an option of a stipen or a salary plus option to the compensation package for first year employees. This would give new representatives a chance to build thier clientele and releive some of the stress associated with commission based compensation.


  2. "Good"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Milwaukee, WI
    Current Employee - Anonymous Employee in Milwaukee, WI
    Recommends
    No opinion of CEO

    Pros

    Great company with ethical values and strong leadership.
    -Growth Opportunity
    -Income
    -Values
    -Fun team environment
    -Independence but still supported
    -

    Cons

    Considerable work upfront and delayed pay off. Pay off fair when received. Not for everyone without apptitude to own business and compete.

    Advice to Management

    Keep up the support/leadership. Make available training opportunities more known- they are good but relatively unknown. Amazing job at honoring policy holders.

  3. "Review of NML"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Representative in Minneapolis, MN
    Current Employee - Financial Representative in Minneapolis, MN
    Recommends
    Approves of CEO

    Pros

    You won't find a better traininng program for an internship. The opportunity for advancement is great. The people are awesome to work with. A ton of special events for interns. If you fit into the financial services industry there is not a better place out there to work with a balanced approach to financial security. Great place to learn industry through mentor programs and "joint work" with experienced colleagues on cases.

    Cons

    Very Delayed gratification and pay, working on commission is tough. As an intern sometimes your age is discriminated agaist with potential clients.

    Advice to Management

    Make tougher standards, MDRT by the 5th year and for interns power of 10 in the first 4 months.


  4. "I was just an intern."

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

    Pros

    How much money you make is up to you

    Cons

    It is hard to get started. I felt bad for some of the first year employees because some worked extremely hard to gain a few clients. While a few inherited a friend/family member's client list and started day one near the top.

    Advice to Management

    N/A


  5. "Salesman, nothing more, nothing less"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - College Financial Representative in Boulder, CO
    Current Employee - College Financial Representative in Boulder, CO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    learn a lot about insurance

    Cons

    you have to sell products to your friends and family

    Advice to Management

    better marketing of products, dont rely on personal salespeople


  6. Helpful (4)

    "NFMN- For a College Grad."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Representative in Chicago, IL
    Former Employee - Financial Representative in Chicago, IL
    Doesn't Recommend
    No opinion of CEO

    Pros

    Sky is the limit. You control your own destiny... You wear a suit to work everyday. You write lives. You have the greatest job in the world.

    Once you fail at this job and you interview at other places...most employers will just laugh and not even care that you failed here...because they know what a joke NMFN is.

    Cons

    You have to pay for EVERYTHING! You really are running your own business. If you don't have friends that are working or that you don't think your friends will give you referrals you might as well not start. The first 6 months are the most important 6 months at that position and if you don't write more than 25 lives...I'd recommend leaving....your just not going to make it unless your writing huge premiums.

    Management tries to impress you with nice suits, nice cars, and taking you out for drinks...but I'd ask management to have a new rep take you out and see what you'll be living like for 3-5 years. I'd also ask management to tell you how many reps have quit within the last year. Its a high turnover position.

    Advice to Management

    Just be honest with reps. Don't try and sugarcoat it. Be straight forward. If you see a kid is going to fail...just cut him. Don't try and make him listen to tapes, and don't have him re-read Granum. Just let him go.


  7. Helpful (3)

    "Don't bother"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Representative in Summit, NJ
    Former Employee - Financial Representative in Summit, NJ
    Doesn't Recommend
    No opinion of CEO

    Pros

    Got a series 6 and 63 license, plus workplace training for free.

    Beefs up resume.

    Cons

    Terrible culture.

    The firm uses its financial reps to sell insurance to their personal networks.

    Short terms employment, but Northwestern retains all of your clients, then pesters them for years to come.

    Dead-end job.

    Soul-sucking work that makes you go home feeling guilty everyday.

    Advice to Management

    Well run firm, but I would highly advise nobody take the financial representative internship position...ever.

  8. "So so place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Accountant in Milwaukee, WI
    Current Employee - Accountant in Milwaukee, WI
    No opinion of CEO

    Pros

    the company is famous for free lunch
    many long term employees
    large employer
    some departments offer flexability for working parents

    Cons

    long hours, poor work life balance
    poor communication between management and employees
    turnover increasing among younger employees
    formerly recognized for benefit package, but no longer

    Advice to Management

    communicate and respect employees


  9. "Great company to move up"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in Pittsburgh, PA
    Former Employee - Analyst in Pittsburgh, PA
    Disapproves of CEO

    Pros

    Get what you put in
    Great pay

    Cons

    Weird hours
    hard to get clients
    No real help from veterans

    Advice to Management

    n/a


  10. "Great experience"

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

    Pros

    Great training, leadership, and support. Overall a great learning experience with a top notch organization.

    Cons

    Compensation package is commission only, which makes it difficult starting out.

    Advice to Management

    Keep it up!