Penn Mutual Reviews | Glassdoor

Penn Mutual Reviews

Updated August 12, 2018
121 reviews

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3.3
StarStarStarStarStar
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Penn Mutual Chairman and CEO Eileen McDonnell
Eileen McDonnell
66 Ratings

121 Employee Reviews

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Pros
  • "The company has great people to work with" (in 9 reviews)

  • "Relaxed and friendly work environment" (in 6 reviews)

Cons
  • "Some field office don’t even hire women in either internal and external sales positions yet the company markets as being a great job for women" (in 3 reviews)

  • "The growth opportunities are limited within the company" (in 3 reviews)

More Pros and Cons

  1. Helpful (2)

    "Job Review"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Intern in Birmingham, AL
    Former Employee - Intern in Birmingham, AL
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Penn Mutual full-time (Less than a year)

    Pros

    Great environment, diverse, friendly employees, head manager is easy to confront and always willing to help and give advice, can do very well very quickly, flexible, well known throughout the state, many benefits and good pay

    Cons

    None, great company to work for


  2. "Internal Wholesaler"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Penn Mutual full-time

    Pros

    Fast paced environment. Learned a lot sales strategies and techniques.

    Cons

    Not so much a con, but it was entry level.

  3. Helpful (2)

    "Financial Adviser"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Negative Outlook
    Approves of CEO

    I worked at Penn Mutual full-time

    Pros

    Base salary, good support network, surrounded by highly motivated individuals.

    Cons

    Without having several built in marketing avenues, just like other companies in this industry you will become the 83.7% of those who fail out in their first 3 years.e

    Advice to Management

    More reviews and help marketing, less focus on product on more on how to acquire clients.


  4. Helpful (4)

    "Mutual Respect"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate
    Former Employee - Associate
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    The organization gives back to the local community.

    Cons

    Penn Mutual is inconsistent with its own values. The values are written clear on paper but not in the way they are carried out by the most senior executive team members.

    Advice to Management

    Senior leadership should show respect to one another and to all levels of the organization at all times.

    Penn Mutual Response

    Jun 26, 2018 – AVP, Human Resources

    Thank you for your review and candid feedback. At Penn Mutual, our guiding principles apply to everyone in our company from interns on up through our Chairman and CEO. These principles include... More


  5. Helpful (3)

    "Not the best place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Chicago, IL
    Former Employee - Anonymous Employee in Chicago, IL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Penn Mutual full-time

    Pros

    Some co-workers are great.

    Cons

    Almost everything- the company is still in the old ages particularly the field staff is still operating as the old “boys” club. Some field office don’t even hire women in either internal and external sales positions yet the company markets as being a great job for women.

    Advice to Management

    HR needs to keep watch on the actual hiring and managemt of its field staff because many laws are being consistently broken.

    Penn Mutual Response

    Jun 4, 2018 – AVP, Human Resources

    Thank you for the feedback it is very important to us. Your experience is counter to what we expect of our advisers, associates and leaders at Penn Mutual. We strongly believe that diversity at... More


  6. Helpful (2)

    "Same Old Same Old"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Sales Agent in Hollywood, FL
    Former Employee - Sales Agent in Hollywood, FL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Penn Mutual full-time (Less than a year)

    Pros

    Claimed that they are different and have many marketing opportunities , seminars etc. Then they asked you to make a list of friends and family, which is a big red flag for zero marketing system.

    Cons

    Everything I experienced. Nothing Positive

    Advice to Management

    Help agents with ways to acquire leads. Invest in your agents progress and your return will be rewarded with less turnover and I'm sure more financial growth for Penn Mutual.


  7. Helpful (4)

    "Political Workplace"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    All employees in same building; many meetings held to emphasize values and strategy.

    Cons

    Very conforming culture. Leaders are not free to speak their mind; Executives micromanage.

    Advice to Management

    Walk the talk

  8. Helpful (8)

    "Happy to disappointed in a heartbeat"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Horsham, PA
    Former Employee - Anonymous Employee in Horsham, PA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Penn Mutual full-time (More than 8 years)

    Pros

    People who truly care about their work. Enjoyed a good work/life balance, to my desires. Treated me well during some difficult times, largely due to good leadership, at the time.

    Cons

    The exit and ending overshadows greatly the enjoyment of the purpose of the accomplishments. The company operates in as cold-hearted business sense as any other. I expected more based on the corporate values it promotes.

    Advice to Management

    Genuinely live up to the culture preached. Understand your talent. It's more than a "plug and play" world.


  9. Helpful (2)

    "Case Administrator"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Case Administrator in Horsham, PA
    Current Employee - Case Administrator in Horsham, PA
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I have been working at Penn Mutual full-time (More than 10 years)

    Pros

    Nothing comes to mind

    Cons

    Plenty comes to mind

    Advice to Management

    open your eyes to the turnover. Its not the people, its the processes, systems , offices, producers that are the problems..


  10. Helpful (2)

    "Internal Marketing Rep"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Horsham, PA
    Former Employee - Anonymous Employee in Horsham, PA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Penn Mutual full-time (More than 8 years)

    Pros

    Good company to work for with above average pay

    Cons

    The benefits are really bad.


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