Principal Financial Group Reviews | Glassdoor

Principal Financial Group Reviews

Updated November 29, 2017
559 reviews

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559 Employee 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. "Great company"

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

    I have been working at Principal Financial Group full-time (More than 10 years)

    Pros

    Flexibility for work/life balance
    Robust benefits
    Very diversity-friendly
    Strong leadership
    Ethical
    Global opportunities

    Cons

    Some salaries below market, must weigh benefits package
    Bug company, sometimes slow to change/adapt


  2. "Actuarial Intern"

    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 part-time (Less than a year)

    Pros

    Very progressive, flexible, and understanding. Great company. Great office, great people. Innovative workspaces and also good management and future vision.

    Cons

    Everyone here is married it seems like no matter how young they are! But I think that is more of an Iowa thing than anything, and honestly its not really an issue, I'm just 20 so seeing some people only a few years older than me married came as a shock.

    Advice to Management

    Keep up the good work! I have never been so impressed with a company I've worked for, I always planned on seeing different companies and moving around in my career but honestly now I might stick around here because it really is so great.

  3. "Administrative Assistant"

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

    I worked at Principal Financial Group full-time (More than 8 years)

    Pros

    Great benefits and the company overall is working to have the employees to be more antonymous.

    Cons

    Departments are not equal.

    Advice to Management

    Some senior management does not seem to be on board with the new "One Principal".


  4. "Nice"

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

    I worked at Principal Financial Group full-time (More than 3 years)

    Pros

    Learning edge, Competitive pay scale

    Cons

    Work Life balance , work Enviornment


  5. "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


  6. "Chielf Photographer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook

    I worked at Principal Financial Group full-time

    Pros

    At one time, had a good PTO policy. When started many years ago, a much more family friendly company. Now, they are beholden to stock holders.

    Cons

    Demonstrates age discrimination. When employees get close to retirement age, many are let go or encouraged to leave. Very liberal organization to the point of being ridiculous. Seem to be focused more on social issues than completing the work at hand.

    Advice to Management

    Problems with middle management. Many middle managers are just self serving. Upper management is better but may be isolated from middle managers.


  7. "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

  8. "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.


  9. "Technical Lead"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Technical Lead in Pune (India)
    Former Employee - Technical Lead in Pune (India)
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great work life balance
    Cab facility
    great company if you do not have any financial liabilites

    Cons

    - lot of politics as in every other company

    Advice to Management

    Retain tenured talent


  10. "Great Culture!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Principal Financial Group full-time

    Pros

    1. Work Life Balance
    2. Competitive Pay
    3. Freedom to Ideate

    Cons

    1. Mid level Management
    2. No Growth Plan

    Advice to Management

    Performers must be pushed forward.


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