Northwestern Mutual Reviews | Glassdoor

Northwestern Mutual Reviews

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Pros
Cons
  • The internship just expects you to reach out to your friends and family to sell them insurance (in 302 reviews)

  • Little to no base salary, pure commission (in 109 reviews)

More Pros and Cons

  1. "This job is fun....and stressful...and high paying...and low paying"

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

    Pros

    - Unlimited Earning Potential
    - Unlimited Flexibility
    - Ability to actually make a difference
    - Ability to Learn More than you ever would have known about financial services

    Cons

    - Straight commission is both exciting and stressful
    - Joint work is good from a learning perspective, but keep in mind these reps are also your competitors
    - Constant reporting of numbers gets a little old

    Advice to Management

    This business is built on independence and flexibility, constant monitoring of numbers even for high performers can get very annoying.


  2. "Great experience"

    Star Star Star Star Star
    • 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!


  3. "Depends on the division"

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

    Pros

    The free lunch is good and always filling, there is room to work independently (even as an intern), and there is a lot of opportunity to show strengths. The downtown campus is nice, but Franklin is by far the place to be. Mostly everyone enjoys working there and the culture is good. There are socializing opportunities with clubs and many departments have social events, especially during the summer.

    Cons

    That being said, the division you work for will make or break the experience. Middle management can be great in some places and down right ineffective in others. There are many "lifers" that make the work environment depressing at times. For many it is a great place to dig in and be unnoticed, for a few it is possible to excel. However, getting noticed by upper management strictly depends on your direct manager and whether or not they are your advocate or not.

    Advice to Management

    There are many many "throw backs" that know their job and have done it for decades. While life insurance is mostly unchanged in that time, the technology used to administer and maintain it are changing. Each new update to IS stretches the ability of the aging workforce.

    In all, NM caters to their lifers well but has not gotten the grip on engaging a younger workforce.


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  5. "Best place to work!"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Administrative Assistant in Savannah, GA
    Former Employee - Administrative Assistant in Savannah, GA
    Recommends
    Approves of CEO

    Pros

    Resources are plentiful! If there's something you don't know you can always ask the home office. They are there to cover you and assist in any way.

    Cons

    Some systems need to be more user friendly, but they are addressing that.

    Advice to Management

    Keep putting your staff first, they make the policies happen!


  6. Helpful (1)

    "Boston Group"

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

    Pros

    Honestly this is a fantastic place to work. The company is the best in the industry and I am proud to say I work for Northwestern Mutual. The support from the other reps and advisors in the office can not be found elsewhere. The management is top notch. There is no politics in this office, it is strictly performance based which is very nice. You get what you put in to this job and if you can keep up then you will be very well off. The "Boston Group" is very professional and has only top-notch advisors and reps. There are no slackers in this office. If you are a slacker that somehow found your way into the door, you are not here for long.

    Cons

    Very hard to build your practice initially. 100% commision based....Although that could be a good thing.

    Advice to Management

    Management does a good job in this office. I feel as the more competitive the better. I have no further advice.


  7. "Intern Position"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Intern in Wilmington, NC
    Former Employee - Intern in Wilmington, NC
    Doesn't Recommend
    Approves of CEO

    Pros

    You get a 100 stipend each week as long as you reach your activity goals for each week. Also culture is good.

    Cons

    The cons at Northwestern Mutual was that everything was a slow process. Trying to get your sales through to the home office took a long time.

    Advice to Management

    Managment at Northwestern Mutual was very competent.


  8. Helpful (1)

    "An alright place to work"

    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 is an extremely stable job. The company is financially sound. Once hired, you can safely assume you will always have a job. They offer very competitive health insurance programs, 401k matching, and a pension.

    Cons

    Despite recent improvements, the compensation within Information Systems is still lower than industry standards and high performers often aren't rewarded. Individuals who start with the company are at a disadvantage when compared to experienced hires.

    Also, the company is very process driven. The majority of processes within the company are bloated and take an excessive amount of time to complete.

    Advice to Management

    My advice is specific to the Information Systems area. A greater emphasis needs to be placed on the technical infrastructure of the company. Employees would benefit from more training/certification of new technologies.


  9. "2nd year employee, started as an intern"

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

    Pros

    You can set your own schedule and are in charge of your own success. They have an excellent reputation and great training program

    Cons

    Can take a long time to get your business started. You are forced to begin your sales with people you already know before you can grow

    Advice to Management

    A small compensation package for new employees would be very helpful for their first year at the company. Some sort of lead generation would be nice.


  10. "Amazing Internship Experience"

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

    Pros

    Ability to run my own financial services practice. The tools and resources were always there for me when I needed them.

    Cons

    No business leads are handed out, we must come up with them on our own. Not necessarily a bad thing as it encourages us to meet with the perspective clients that WE enjoy working with.

    Advice to Management

    Continue to hire more interns!! The culture is always more fun when we are learning together. I will always remember this experience. THANK YOU!


  11. "A Great Internship"

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

    Pros

    Northwestern will provide you the opportunity to have one of the greatest internship experiences you could encounter. You basically are performing the same job as the full time reps while also learning valuable information that will always carry with you. Whether you stay full-time with them or not, your experience there will help you get a job practically anywhere.

    Cons

    You have to create your own market in which to initially begin selling, which can be tough for some people.

    Advice to Management

    I feel Northwestern is run very well on all levels of management. They give you the tools to succeed, so no alterations need to be made.