Principal Financial Group Reviews | Glassdoor

Principal Financial Group Reviews

Updated November 29, 2017
349 reviews

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Pros
Cons
  • Pay is often not competitive for like positions in the Des Moines market (in 32 reviews)

  • Drive time to work so it would be nice to work from home (in 9 reviews)

More Pros and Cons

  1. "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


  2. "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.

  3. "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.


  4. "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.


  5. "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


  6. 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


  7. "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.

  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. "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.


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