Principal Financial Group Reviews | Glassdoor

Principal Financial Group Reviews

Updated September 18, 2017
336 reviews

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3.6
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Daniel J. Houston
69 Ratings

336 Employee Reviews

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Pros
Cons
  • Pay is often not competitive for like positions in the Des Moines market (in 30 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. "Great Experience"

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

    I have been working at Principal Financial Group as an intern (Less than a year)

    Pros

    Met with each of the company's Cheif Accounting Officers in groups of 5 to 8 for 1 hour & was able to ask them questions about their history & experience. Principal makes interns feel valued throughout their experience

    Cons

    None, really. Interns are given every opportunity they wish for at Principal. Most departments are extremely flexible with working hours and time off for vacations.

    Advice to Management

    Keep doing what you're doing - after interning at Principal for the summer, I'm extremely excited to look for full-time opportunities in the future.


  2. "General"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Principal Financial Group full-time

    Pros

    Leading global fortune 500 company

    Cons

    Multi- layered levels of management with committee approach; lacking efficient delegated decision making process

    Advice to Management

    Greater recognition of employee innovative

  3. "Good company to work"

    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

    Good work life balance

    Cons

    Slow Growth, compensation could be better


  4. "Good Company."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Marketing Associate in Des Moines, IA
    Current Employee - Marketing Associate in Des Moines, IA
    Doesn't Recommend
    Neutral Outlook

    I have been working at Principal Financial Group full-time (More than 8 years)

    Pros

    Work life balance.
    Good people.
    Pay is ok.
    Lots of amenities on-site in DSM.
    Career growth options.

    Cons

    Slow to make changes.
    Slow to adapt to new technologies.

    Advice to Management

    Invest more in competing with technology.


  5. "Financial Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Financial Advisor in West Milwaukee, WI
    Current Contractor - Financial Advisor in West Milwaukee, WI
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Principal Financial Group as a contractor (More than 8 years)

    Pros

    Solid line of products for individuals and small- to mid-sized businesses.

    Very honest and ethical management

    Cons

    As a conservative company, they require corporate approval for almost everything.

    While the intent is to protect both Clients and Representatives, it can limit ones ability to build a business that is very unique.

    Advice to Management

    Keep up the good work. No place is perfect.


  6. "Sr. Service specialist"

    StarStarStarStarStar
    Current Employee - Senior Customer Service Specialist in Des Moines, IA
    Current Employee - Senior Customer Service Specialist in Des Moines, IA

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

    Pros

    The wellness center is top notch. The equipment is very good.

    Cons

    The investment return on investments are low compared to others. Management from the Mason City office has a difficulty time communicating globally. They come across as bullyies and degrading to locations outside their locations.

    The office manager and assistant manager are extemely closed to convesation. If accepting a position find out all the management you will be involved with. There are many.

    Advice to Management

    Communicate to each other globally and realize the value of your team.


  7. "Good company to work with"

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

    I have been working at Principal Financial Group full-time

    Pros

    Nice work life balance and compensation

    Cons

    Evaluation is not always based on competency or work

    Advice to Management

    If something is in buzz right now(automation) it does not mean you ignore other major contributions otherwise good company to work for.

  8. "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


  9. "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.


  10. "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


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