Principal Financial Group Reviews | Glassdoor

Principal Financial Group Reviews

Updated January 11, 2019
660 reviews

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3.8
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Daniel J. Houston
178 Ratings

Employee Reviews

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Pros
Cons
  • "Des Moines is not the most exciting city to have an internship in" (in 33 reviews)

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

More Pros and Cons

  1. Helpful (5)

    "Great Pay & Benefits, Ethical & Growing Company, Enjoyable Work Environment"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate Accountant in Des Moines, IA
    Current Employee - Associate Accountant in Des Moines, IA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Principal Financial Group full-time (More than a year)

    Pros

    I actually love my job and enjoy going to work every day - that happens so rarely in life. Flex time off, work from home capabilities, higher than average pay, annual bonus, affordable healthcare program, 8% 401k match, pension plan, updated/newly renovated office space, flexibility to do my job when and where it works best for me, free financial counseling, free fitness center, free parking, free DART bus pass, fantastic CEO and leaders. Challenging and rewarding job. Reimbursed college tuition and CPA exam fees. Expected 3-5 weeks off per year minimum. Downtown Des Moines location. Incredibly ethical & charitable company. Encouraged to move across the company every few or so years, leaders prefer that you move to stay interested, motivated, and use your skills to the best capabilities.

    Cons

    Just like any Accounting job - the hours can be 40+, for me it rests in the 45-50 range. Large company means slow to change directions and meetings on meetings to get there - but open hearing ears are helpful.


  2. "Great Benefits"

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

    Pros

    Wonderful offices and work life balance

    Cons

    Work could be a tad repetitive

  3. "IT Intern"

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

    Pros

    Lots of various projects with agole teams.

    Cons

    Underestimated my abilities to complete tasks. Could’ve been given more challenging work.


  4. "vice president"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Principal Financial Group full-time

    Pros

    there are good amenities available

    Cons

    Management is poor at highest and mid levels


  5. Helpful (2)

    "Toxic Work Environment."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - IT Analyst in Des Moines, IA
    Former Employee - IT Analyst in Des Moines, IA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Principal Financial Group full-time (More than 10 years)

    Pros

    None. No training. No leadership.

    Fellow team and customer departments were good to work with.

    Cons

    You are asked to be self managed up and to the point you are our of line. Then you are asked why. The part of the company I was in recently was asked to re-org itself. Why are they paying soooooo much for a middle management layer that is doing nothing.

    There is no concern for the person - only keeping the person in check.

    Run - run far - run fast.

    Advice to Management

    Clean house - all middle management is wasted salary.


  6. "Database Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Principal Financial Group full-time

    Pros

    Good Pay, Work life Balance

    Cons

    Not good if you want to go in depth of Technical


  7. "Churn and Burn Philosophy"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Representative in Grand Rapids, MI
    Former Employee - Financial Representative in Grand Rapids, MI
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Principal Financial Group (Less than a year)

    Pros

    Potential to make lots of money

    Cons

    Poor training for a “career” that is commission and is feast or famine. Mostly famine if you’re a recent college grad. You spend thousands getting the certifications and then go in and get told to make cold calls and set up appointments where your manager tags along and takes some of the commission.

    Advice to Management

    Better training program

  8. "Good company"

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

    I worked at Principal Financial Group full-time

    Pros

    Flexible schedule, benefits, retirement plan and 401K

    Cons

    Micro management, work life balance issues

    Advice to Management

    Trust your staff to complete their duties.


  9. "Awesome company!"

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

    I have been working at Principal Financial Group full-time

    Pros

    Great benefits, awesome culture, really a great place to work!

    Cons

    They are try hard to keep up with the changing work dynamic in today’s society but it is taking awhile.


  10. "Processing Specialist"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Process Specialist in Des Moines, IA
    Current Employee - Process Specialist in Des Moines, IA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Principal Financial Group full-time (More than a year)

    Pros

    Work from home with full benefit package

    Cons

    Training can be challenging. Job duties can change often