Penn Mutual Reviews

Updated Jun 12, 2020

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3.3
47%
Recommend to a Friend
81%
Approve of CEO
Penn Mutual Chairman and CEO Eileen McDonnell
Eileen McDonnell
76 Ratings
Pros
  • "Great people to work with and experts in life insurance matters(in 12 reviews)

  • "Great culture, great people, progressive leadership, newly renovated building(in 8 reviews)

Cons
  • "Horsham can be particularly cold in the winter, apart from that, not too many company specific complaints(in 5 reviews)

  • "It was a major factor in my decision to leave a field office that I thoroughly enjoyed working at(in 4 reviews)

More Pros and Cons
  1. Featured Review

    "Great Culture!"

    5.0
    Current Employee - Anonymous Employee 

    I have been working at Penn Mutual full-time for more than a year

    Pros

    Everyone is friendly. Great employee recognition.

    Cons

    This is not applicable to the review.

  2. "Great Support System"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Recruiter in Baton Rouge, LA
    Recommends
    Positive Outlook

    I have been working at Penn Mutual full-time for less than a year

    Pros

    best pay grid in the industry family like culture support from management team weekly training

    Cons

    this industry can be high pressure; the company does a great job in guiding you

    Continue reading
  3. "Avoid this company, and the industry."

    1.0
    • Work/Life Balance
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Financial Advisor in South San Francisco, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Penn Mutual full-time for more than a year

    Pros

    Nice offices with convenient parking

    Cons

    No salary, nepotism, terrible support (Shabneez is the worst)

    Continue reading
  4. "Great company to work for with decent benefits, but difficult line of work."

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Financial Advisor in New York, NY
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I worked at Penn Mutual full-time for more than a year

    Pros

    No cap to what you can make, and great bonus incentives.

    Cons

    You need to be highly skilled at client acquisitions, marketing, and sales to make it worth your time.

  5. "Fantastic Place to Work"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee 
    Approves of CEO

    I have been working at Penn Mutual full-time

    Pros

    a great culture, flexible schedule,

    Cons

    work can pile up without a true communication plan

  6. "Warning to potential field office employees"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Internal Sales 
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Penn Mutual full-time for more than 8 years

    Pros

    Fantastic culture at the field office level. Great people to work with and experts in life insurance matters. Regional Office leadership is competent and visionary.

    Cons

    Many decisions come from the top down with a home office leadership that is unsure of what it is doing and appears to be squeezing the field offices for money and resources. My former colleagues recently had their incentive compensation heavily cut and I was told after I resigned that I would have been eligible for a bonus that year (the company decided to not pay out the bonus to me despite almost a decade of service). While the regional offices were the catalyst for the growth of the company for the last 15-20 years Penn appears to be cutting corners. It was a major factor in my decision to leave a field office that I thoroughly enjoyed working at.

  7. "Poor Management"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Case Manager in Horsham, PA
    Doesn't Recommend
    Approves of CEO

    I worked at Penn Mutual full-time for less than a year

    Pros

    Pretty good culture-- not bad Cafeteria provided

    Cons

    Poor management-- most managers are there for the money- they dont care about their employees

  8. "It was okay"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    Former Employee - Senior Customer Service Representative 

    I worked at Penn Mutual full-time

    Pros

    Great cafeteria and pantry.Also lots of fun activities throughout the year such as potlucks, miniature golf day and company picnic.

    Cons

    Systems and procedures not updated

  9. "Solid Company"

    4.0
    Current Employee - Financial Advisor in Edison, NJ
    Recommends

    I have been working at Penn Mutual full-time for more than a year

    Pros

    Strong Products Independent Advisor Starting Salary

    Cons

    Mainly Commission, Tight Quarterly Quotas

  10. "Impeccable step-by-step Training, Specifically the Alabama Agency"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Financial Services Representative in Birmingham, AL
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Penn Mutual full-time for less than a year

    Pros

    I worked with GA Danny Noles, and Sales manager Steve Hunt. The leadership was phenomenal. They train young financial advisors to overcome real everyday objectives. They teach you proper wording, and strengths you can use in certain situations. On top of the incredible training, they genuinely care. They want you to succeed and treat you like family, making you feel a part of something great.

    Cons

    A natural Market is necessary.

    Continue reading

    Penn Mutual Response

    April 1, 2019VP Agency Development

    We are pleased to hear about your training and development experience, one that we strive hard to achieve and is reflective of our company values.

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