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. "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.


  2. Helpful (1)

    "Good, understanding staff with limited resources and training"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Customer Service Representative in Grand Island, NE
    Former Employee - Customer Service Representative in Grand Island, NE
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Friendly staff, in all positions

    Cons

    Training doesn't well prepare you

  3. "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


  4. "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.


  5. "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.


  6. "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.


  7. "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

  8. "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.


  9. "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.


  10. "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.


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