Northwestern Mutual Reviews | Glassdoor

Northwestern Mutual Reviews

47 reviews

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Pros
Cons
  • You will be asking them to give you numbers for close friends and family (in 326 reviews)

  • No base salary and no set schedule (in 118 reviews)

More Pros and Cons

  1. Helpful (1)

    "A great place to work at any age!"

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

    Pros

    Good opportunities, good compensation, lots of chances to network. If you become an Advisor you'll get the opportunity to do detailed financial planning, so you'll also be making a difference in peoples' lives.

    Cons

    Same as normally associated with sales career for the sales force. Paths besides sales have less career guidance given to them; this can help or hinder depending on your ability to be self guided. Most of the experience depends on the type of manger you get.

    Advice to Management

    Basically to stay the course; our dividends remain higher than average because our investment teams don't get caught up in bubbles but instead rely upon fundamentals to guide their investments.


  2. "Great organization with friendly people."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate Financial Representative in Troy, MI
    Current Employee - Associate Financial Representative in Troy, MI
    Approves of CEO

    Pros

    Great organization with wonderful people. Everyone is friendly and pleasant to be around. Every day is a new day the work is always challenging. You get to talk to many different people every day. The atmosphere is professional yet casual and open. You work business hours so your nights and weekends are free. The company has an excellent reputation and employees can feel proud to work for such an admired organization.

    Cons

    Insurance can get rather boring. You should probably keep an eye on the stock market. Sometimes clients can drive you a little crazy. It can be frustrating dealing with high maintenance and problem clients

    Advice to Management

    Keep doing a great job.

  3. Helpful (1)

    "A realistic approach to an excellent commisioned opportunity~Pro's & Con's"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Representative - College Intern in Fort Worth, TX
    Current Employee - Financial Representative - College Intern in Fort Worth, TX
    Recommends
    Approves of CEO

    Pros

    As a college student, the best reason to begin a practice as a financial representative with NMFM would be the unlimited possibilities and amount of knowledge and hands-on personal training that you have made available to you. You are given the keys needed to suceed in this company and are provided with a full support staff dedicated to your growth so you are not left alone. There are financial stipends available to you as student to help you survive as you build your commision, too!

    Cons

    Commission is the up and downside. While the amount of money that you can make is endless, it is also difficult to build. Typically, within your first few years, you may have to have a part time job alongside this career just to have a steady flow of income coming in. Thre are different financial incintives made available to you depending on the type of contract you are in but comission is still COMMISSION and not reliable.

    Advice to Management

    Encourage the experienced agents who work with rookies to be more lenient in thier commision splits. They are already in a position that is stable and i feel that they should be willing to share more of the commision that they split with the new rep's that they are going on appointments with. This is fair, not only for ethical reasons, but also for the sheer fact that they would not have seen the new clients if it werent for the new agens who'd set the appointments up.


  4. "If you love sales you will love this career"

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

    Pros

    To be your own boss. Take time off when you want it. Schedule your days to your needs. Communicate with many people daily. Solve real life issues that affect people in the future. Your income potential is dependant of you. The group I was with spent a lot of time training, and building a well balanced team. You can get valuable advice from just about anyone. The systems put in place maximize productivity. The leaders within the company are very positive outgoing people. The wealthier the market you get into the more money you can make. Did I mention you make your own hours?

    Cons

    It is very hard to get started. You need to devote a lot of time up front, when you don't know you will make it. It is a commission’s based career. You have to sell the rest of your life. In the begging you will experience huge business cycles. Prospecting clients is not that easy at first, and getting referrals. The job may feel redundant. You have to pay for everything. A rep may tell you that they make a lot of money, but much of it goes to pay expenses. All in do what you love and you with succeed!

    Advice to Management

    Spend more time working with the interns. Watch what they are doing to make sure they are getting out of their warm market. Help them get comfortable with phoning and getting referrals. Show the people selling life insurance the benefits and how it works with a well rounded portfolio.


  5. "Northwestern Mutual - great place to work! Amazing company, great culture."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director of Recruiting in Chicago, IL
    Current Employee - Director of Recruiting in Chicago, IL
    Recommends
    Approves of CEO

    Pros

    Great culture - it's like family! Financial representatives (there are about 8,000 of them) have the best opportunity b/c they are able to be their own boss, make an incredible income, and still have a good work/life balance. As staff, the benefits vary depending on who you work for. The financial representatives are independent contractors who hire their own staff, so unless you work for corporate, you're working for an individual, which means benefits can be great or they can be terrible. At corporate, they have great benefits of course and free lunches, gym, etc.

    Northwestern Mutual is a highly ethical company and they highly value people of integrity. If you want to help people, this is a great company for you. Also, this company provides amazing training and support for its representatives. My husband and I both work here and it's been one of the best things to ever happen to us. We absolutely love this company, and I can honestly say that nearly every person I work with really loves coming to work every day. We have a very positive working environment! As a financial representative, your job is extremely demanding and difficult, but the rewards are amazing.

    Also, in tough economic times, it is great to know that this company is more than 150 years old and it has stood the test of time. It's financial strength is unwavering, and the leadership is always focused on maintaining the company's long-term financial strength and security. No matter how hard times get, no one here is ever worried about losing their jobs.

    Cons

    The biggest downside is that unless you work for corporate up in Milwaukee, you are working as a staff person for another financial representative. That means you are basically working for 1 person, not Northwestern Mutual as a whole. Because of that, the benefits packages can be pretty minimal. I don't have a retirement package, little vacation time, and really no room for advancement. I can always grow in my position and my job duties are constantly evolving, but I can't ever really get a promotion, unless I were to work at the corporate offices.

    Advice to Management

    Train the financial representatives to be better managers. Many of them are great at their job, but they have no clue how to manage...and ultimately they have to have those skills to build a great practice.


  6. Helpful (1)

    "Best job oportunity ever!"

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

    Pros

    The most amazing place to work if you are trying to help people. It has the best dividends and can not be beat by other companies. Working for other companies and recommending their products over that of Northwestern Mutual's would be short changing your clients serious money in the long run. I believe in Northwestern Mutual and would strongly encourage hard workers to try this job.

    Cons

    Some of the management was a little pushy at times and would not accept your way of doing things. Some of the critisism was not just constructive - some of it was destructive. Not very compatable with lazy workers or people who have a fear of talking to people about products or sales.

    Advice to Management

    Require set goals by the end of the week that are necessary to obtain the stipend check at the end of the week.


  7. "Northwestern Mutual is the place to be in financial services."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Managing Partner in Cedar Rapids, IA
    Current Employee - Managing Partner in Cedar Rapids, IA
    Recommends
    Approves of CEO

    Pros

    Great income, independence, and the ability to impact others. Northwestern Mutual's reputation is second to none.

    Cons

    It's not easy! This career requires a lot of determination, and discipline.

    Advice to Management

    Keep it up!

  8. Helpful (4)

    "Good job, average career opportunities"

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

    Pros

    Good Job security, good people, fair pay.

    Cons

    Conservative, relationship-based culture can negatively impact innovation and growth. Emphasis on who you know and not what you know

    Advice to Management

    Reward performance not popularity. Rotate upper management into better suited roles in order to manage change required to continue to compete and retain highly skilled motivated staff and protect against stagnation. The future leaders of the company need to be different than some of the current senior management in place at the company. The problem is that current senior management is deciding who will be the future leaders with their bias influencing their decisions.


  9. "Northwestern Mutual....Best Opportunity In America"

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

    Pros

    Opportunity for growth both personally & professionally, Income opportunity, flexibility of hours, company reputation.

    Cons

    You are compensated based on your production. If you do not do what they tell you to do in training, you will not be successful.

    Advice to Management

    Keep doing what you are doing.


  10. Helpful (3)

    "Great place to work for benefits, but not for career advancement"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Consultant in Milwaukee, WI
    Former Employee - Consultant in Milwaukee, WI
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Excellent welfare and pension benefits; compensation was better than at other firms. May not be worth sacrificing your personal self-esteem or career opportunities at other companies.

    Cons

    To much weight at the top of management, limited career opportunities

    Advice to Management

    Move closer to the 21st Century in management ideas and decision making. Consensus decisions are ineffective in todays business climate. To much time is wasted in meetings and not enough time used for productive work.