Principal Financial Group Reviews | Glassdoor

Principal Financial Group Reviews

Updated August 1, 2017
522 reviews

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522 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. "Paralegal"

    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 environment. Good work/life balance. Fair compensation and benefits.

    Cons

    Opportunities for development/advancement are limited.


  2. "Financial Representative"

    StarStarStarStarStar
    Current Employee - Financial Representative
    Current Employee - Financial Representative
    Recommends
    Positive Outlook

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

    Pros

    The office I work with has very supportive management and staff. Head office experts can be reached and are very supportive. The company has telephone applications for insurance which frees up time for the financial representative to go to the next appointment. You can offer through Crump without restrictions. I worked for another company before and we can only go to Crump if the client is a table 5 and up.

    Cons

    Sometimes underwriting can take too long. From the time you write an application to the time you get paid can take 2-3 months depending on the case and how fast client responds. I worked for another insurance company before and things were much faster there.

    Advice to Management

    Keep up the good work.

  3. "Financial Analyst"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Principal Financial Group full-time

    Pros

    Great company to work for.

    Cons

    Can be slow at some times.


  4. "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


  5. "Decent place"

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

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

    Pros

    nice place with good work environment.

    Cons

    low starting salary and limited income growth when promoted

    Advice to Management

    too much HR. could use some cost saves in that area.


  6. "Perfect work life balance"

    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

    Best company with tons of employee benefits

    Cons

    None. Cannot think of anything.


  7. Helpful (2)

    "Financial Representative"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Services Representative in Lansing, MI
    Current Employee - Financial Services Representative in Lansing, MI
    Doesn't Recommend

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

    Pros

    High income opportunity, challenging and rewarding. Practice holistic financial planning.

    Cons

    Lack of management, support and training that's applicable to real life client situations. Not designed for individuals just starting out in the financial advising industry - more fit for those who are transitioning from another firm

    Advice to Management

    Revise your training processes - they are not being used regularly by those who are successful in the field. Design a program that sets your new hires up for success rather than throwing them in to something for them to figure out on their own. Bring a focus back to the future employees of the company rather than those who are already successful. Stay committed to the promises you make.

  8. "Financial advisor"

    StarStarStarStarStar
    Former Employee - Financial Advisor in The Villages, FL
    Former Employee - Financial Advisor in The Villages, FL
    Recommends
    Positive Outlook

    I worked at Principal Financial Group full-time (More than 5 years)

    Pros

    Principal is a company of great integrity and ethics. They invest in all their reps and give them the necessary tools to exceed.

    Cons

    None really just need to be committed to work hard to succeed because it is 100% commission.

    Advice to Management

    None


  9. Helpful (4)

    "Wouldn't recommend"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Annuity Technician I in Grand Island, NE
    Former Employee - Annuity Technician I in Grand Island, NE
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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

    Pros

    Flexible, if management likes you.

    Cons

    Slow advancement, don't like hard workers, management

    Advice to Management

    Stop being so political and let people work. Don't show favoritism.


  10. "VP of Sales"

    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 (More than 10 years)

    Pros

    Great culture and integrity. Industry leader focused on customer service.

    Cons

    Managing large business in ultra-competitive marketplace. - maintaining high customer service levels while offering competitive pricing structure.

    Advice to Management

    Continue to focus on most important resources


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