Principal Financial Group Reviews | Glassdoor

Principal Financial Group Reviews

Updated August 1, 2017
332 reviews

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Current Employees

3.7
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Daniel J. Houston
66 Ratings

332 Employee Reviews

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Pros
Cons
  • slow advancements unless you move to Des Moines (in 29 reviews)

  • Wish it was easier to work from home or if there were more locations around Des Moines to work from (in 8 reviews)

More Pros and Cons

  1. "Largely Corporate, but not terrible"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Analyst in Des Moines, IA
    Current Employee - Business Analyst in Des Moines, IA
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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

    Pros

    Lots of room to move around
    Culture is improving
    Great people work for this company

    Cons

    Certain metrics for performance are outdated
    Large company and very slow at change
    So much "pork" for IT debt

    Advice to Management

    High performance as an employee doesn't always equal great leadership skills as a manager


  2. "Financial Representative"

    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

    Flexible schedule, nice professionals, great available resources.

    Cons

    Commission based salary, not so stable.

  3. "Fine place to wrok"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in Pune (India)
    Current Employee - Analyst in Pune (India)

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

    Pros

    Good to learn, Innovative thinking

    Cons

    micro management sometimes
    canteen is not so cool


  4. Helpful (1)

    "Sr. Service Specialist"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Client Service Representative in Des Moines, IA
    Current Employee - Senior Client Service Representative in Des Moines, IA
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    The availability to purchase stock at a discount

    Cons

    Your experience depends on your boss. If you have a crappy one, it will suck. If you have a good one, you're set. The management in the Waterloo/Mason City team are inconsiderate and very number oriented. There is no coaching or positive reinforcement.

    Advice to Management

    Show empathy


  5. Helpful (2)

    "A company that invests in its employees"

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

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

    Pros

    Competitive Salary
    Great Benefits Package
    Passionate Colleagues
    Excellent Growth Potential
    Longevity
    Stability
    Innovative Company that is willing and open to adapt to new technology and economic trends.

    Cons

    The only one I can think of is too many software and system portals to use as a field employee, but other than that excellent place to be.

    Advice to Management

    Consolidate technology into a single platform for tracking business levers


  6. "Good company, not GREAT."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I have been working at Principal Financial Group full-time

    Pros

    Benefits, Good 401(k) match, Great advanced markets support

    Cons

    Pay for office space, Home office doesn't relate to national sales force

    Advice to Management

    Be more visible to the field sales force. Provide more of an appreciation for what the sales force has to do on a day to day basis.


  7. "Job Position"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Principal Financial Group full-time

    Pros

    Good one to work

    Cons

    Shift should be more flexible

  8. "Employee Benefit Specialist"

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

    Pros

    Benefits are great. Awesome support from home office. Compensation is competitive

    Cons

    You have to be prepared to put in a lot of hours, especially in the 4th quarter of the year


  9. "Registered Rep"

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

    Pros

    Work life balance, the people, and benefits.

    Cons

    There is little training, must be self motivated to learn the systems and process.


  10. "All talk, little action"

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

    Pros

    Flexibility, good work life balance

    Cons

    Limited growth opportunities, hard to move across business units


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