Principal Financial Group Reviews | Glassdoor

Principal Financial Group Reviews

To filter reviews, or .

Found 685 reviews

3.8
StarStarStarStarStar
Rating TrendsRating Trends
76%
Recommend to a Friend
91%
Approve of CEO
Daniel J. Houston
189 Ratings
Pros
Cons
  • "Des Moines is not the most exciting city to have an internship in(in 34 reviews)

  • "Micro management, work life balance issues(in 11 reviews)

More Pros and Cons
  1. "Best company I’ve worked for"

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Financial Advisor in Elk Grove, CA
    Recommends
    Positive Outlook
    Disapproves of CEO

    I have been working at Principal Financial Group full-time for more than 2 years

    Pros

    Great company. They value work and personal life balance.

    Cons

    Bad medical benefits. Only offer 3 companies. High deductible plans. Vision and Dental plans are great.

    Advice to Management

    Upgrade benefits. kaiser would be nice

  2. "Good"

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Recommends
    Neutral Outlook
    Disapproves of CEO

    I worked at Principal Financial Group full-time

    Pros

    Strong Benefits and flexibility are strong

    Cons

    Technology is improving compared to prior years

  3. "Okay"

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Data Analyst in Des Moines, IA
    Recommends
    Neutral Outlook
    Disapproves of CEO

    I have been working at Principal Financial Group full-time for more than 4 years

    Pros

    Work life balance is encouraged

    Cons

    Low pay compared to other companies doing the same job

    Advice to Management

    Pay for performance not to be fair to others

  4. "Great Company"

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Fund Accountant in Des Moines, IA
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Principal Financial Group full-time for more than 4 years

    Pros

    Excellent benefits, pay is above average for cost of living, good leadership, healthy/flexible work environment

    Cons

    Communication from leadership, Company vision/direction

  5. "Tough place to get started."

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Financial Advisor in San Francisco, CA
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I worked at Principal Financial Group full-time for more than 2 years

    Pros

    Good people and management cares.

    Cons

    It goes to full commission fast and the pay out on life insurance is lower than average if you do not make the higher tiers. Very hard to make ends meet.

    Advice to Management

    The first few years need to pay higher commissions on core products.

  6. Helpful (1)

    "Good people, good benefits, great campus, kind of boring"

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Senior Business Operations Consultant in Des Moines, IA
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Principal Financial Group full-time for more than 20 years

    Pros

    Great culture of nice people. Take good care of employees including great benefits and flexibility. Seemed very ethical. Great fitness facilities.

    Cons

    Pretty deep roots in traditions and lots of tenure. Makes for a slow moving environment and lots of very established processes that are hard to change. Not always a bad thing but can be frustrating.

    Advice to Management

    None

  7. "HR Survivor"

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Des Moines, IA
    Neutral Outlook
    Disapproves of CEO

    I have been working at Principal Financial Group full-time for more than 6 years

    Pros

    Nice campus; good benefits; most coworkers are wonderful people

    Cons

    Severe technology deficit will make it difficult for PFG to compete in the future. PFG thinks it's more special than it actually is, and as a result, eschews outside expertise, preferring homegrown 'experts' who really aren't experts, but people who read and believe vendor sales pitches. The executive management group (EMG) doesn't function as a real team; rather they are a group of people, each of whom is maneuvering...

    Show More

    Advice to Management

    One of Principal's advantages is long-tenured, dedicated employees. It's also a big liability. There is a notion that if 'it's not broke, don't fix it'. What made Principal successful in the past won't due for the future, and PFG hasn't quite absorbed this. The new CHRO has left a swathe of destruction in HR. HR definitely needed to be re-orged. No doubt about it. But, the callous way it was handled was unforgivable....

    Show More
  8. "Good company if you have a way to build client base."

    StarStarStarStarStar
      Current Employee - Financial Advisor 

      I have been working at Principal Financial Group full-time

      Pros

      Work/Life Balance is above average

      Cons

      Not a ton of guidance provided.

    • "They Take Care of High Performers"

      StarStarStarStarStar
      • Overall
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - IT Analyst Senior in Des Moines, IA
      Recommends
      Positive Outlook
      Disapproves of CEO

      I have been working at Principal Financial Group full-time for more than 20 years

      Pros

      Work life balance. High percentage raises if you're a high performer.

      Cons

      Top heavy with management. They are working on flattening the org.

    • "Great company to work for"

      StarStarStarStarStar
        Current Employee - Anonymous Employee in Des Moines, IA

        I have been working at Principal Financial Group full-time for more than 6 years

        Pros

        benefits, perks, pay, bonus, managers

        Cons

        location, advancement, old facilities, upper managment

      Found 685 reviews