Northwestern Mutual Reviews in United States | Glassdoor

Northwestern Mutual US Reviews

47 reviews

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47 Employee Reviews

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Pros
Cons
  • You will be asking them to give you numbers for close friends and family (in 340 reviews)

  • The turnover rate is very high because there is no base salary for full-time reps (in 126 reviews)

More Pros and Cons

  1. Helpful (7)

    "Proceed with Caution"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Representative in Winter Park, FL
    Current Employee - Financial Representative in Winter Park, FL
    Doesn't Recommend

    Pros

    The products offered are exceptional, and the overall philosophy of doing the right thing for the clients at all times is attractive. They own the Frank Russell company so their clients have access to them where others would not. They also are a true mutual company so they don't have shareholders to answer to. The profits of the company go back to policyowners in the form of dividends, with five billion to be paid back to policyowners for 2008.

    Cons

    While the home office seems run well, the field office where most of the revenue generating activity takes place has minimal regulation on how employees are treated. They don't explain compensation, encourage debt, feel as independent contractors that nothing is off limits for supervision. I've seen with some of the female reps this could include their marriage, appearance, weight, languages spoken, ethnicity, age, overall attractiveness, what kind of car is driven or clothes worn. Male representatives seem to be treated more favorably, but I wouldn't want my wife working here. While there are guidelines in the Field Code of Conduct they do not seem enforceable and are more like suggestions.

    Advice to Management

    Follow the golden rule, ensure that training in processing paperwork is as adequate as sales training so that clients don't pay the price for inexperienced representatives and support the veterans as much as the new recruits. Soliciting feedback from those who have proven successful and actually listening to it might be useful in improving overall operations.


  2. "Great place to work, great opportunities."

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

    Pros

    Great training, best I know of in the industry for Financial Representatives.

    Cons

    A little more recognition to Associate Financial Representatives and Sales Assistants would be helpful. The Associate Financial Representatives, Sales Assistants and Marketing Assistants play a very large roll in helping the Financial Representative meet his goals. The recognition for a job well done is very public at the top, and it gets a little weaker as you go down the chain of command.
    Also, although the training is second to none for the Financial Representatives, I think the training for the sales staff could be a little more organized and concise.

    Advice to Management

    A little more recognition to Associate Financial Representatives and Sales Assistants would be helpful. The Associate Financial Representatives, Sales Assistants and Marketing Assistants play a very large roll in helping the Financial Representative meet his goals.

  3. Helpful (2)

    "Great place to work"

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

    Pros

    The company provides great benefits like lost-cost medical, dental, and vision insurance. 401k matching in addition to a retirement pension plan. The company provides free lunch to employees and contractors. There are a lot of smart people and the company is very particular about who they hire.

    Cons

    The company is very conservative and fairness is a big deal, so high performers don't get significantly higher salaries and benefits than average performers. It takes a long time to change processes and adopt new technology, although in some areas the company is ahead of the curve.

    Advice to Management

    Listen to the subject matter experts more to help drive the direction of the company. Take some more risks and make changes quicker.


  4. Helpful (1)

    "Great company; Great employees"

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

    Pros

    Career opportunities; great benefits; great free lunch; great campuses.

    Cons

    No many. With the growth of the company, getting things accomplished takes more time because there's more process/red tape to go through than in the past.

    Advice to Management

    More empowerment of lower level management staff. Watch work/life balance issues. With technology, people are always working.


  5. "A great company with tons of opportunity"

    StarStarStarStarStar
    • 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

    Northwestern is recognized as the leader in the industry. The training and support are second to none. This is truely a career that you can do for the rest of your life without having to play office politics or worry about getting the next promotion.

    Cons

    It's a hard industry, especially for recent college graduates. Building a financial practice is difficult, but there is a very defined method for success. Compensation is straight commission right out of the gate, but that's not a big deal if you do what you're told to do.

    Advice to Management

    The management is in place to give the financial representatives, especially the young ones, every opportunity to succeed.


  6. Helpful (1)

    "Nice place to work. You won't be very rich working here, but neither will you be poor either."

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

    Pros

    Great work environment. Everyone is very respectful of each other. They treat their employees quite well.

    Cons

    The salaries are not very competitive. They need to a better job in that area.

    Advice to Management

    Need to make the salaries more competitive. Need to reduce the number of management layers.


  7. Helpful (1)

    "Good company to work for"

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

    Pros

    It's very successful; no job security worries; free lunch; good benefits.

    Cons

    minimal salary increases; change (in some areas of the company) is very slow; new employee ideas are not embraced or encouraged

    Advice to Management

    communicate better; be more decisive; make decisions faster; realize change is a good thing!


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