Principal Global Investors Reviews | Glassdoor

Principal Global Investors Reviews

Updated Sep 27, 2019

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3.2
StarStarStarStarStar
Rating TrendsRating Trends
62%
Recommend to a Friend
51%
Approve of CEO
Principal Global Investors CEO Jim McCaughan (no image)
Jim McCaughan
21 Ratings
  1. "Previous Employee"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Principal Global Investors full-time

    Pros

    PGI has a great team of people to work with.

    Cons

    Job growth is below average due to lack of turnover, so people are kept in roles much longer than what they would see elsewhere.

    Principal Global Investors2017-04-04
  2. "Great benefits, no work life balance"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Marketing Associate 

    I have been working at Principal Global Investors full-time for more than 3 years

    Pros

    Benefits and flexibility - community involvement

    Cons

    There’s no turning off or logging out of your work

    Principal Global Investors2019-06-06
  3. Helpful (2)

    "Stay away from this company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Marketing in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Principal Global Investors full-time for more than 3 years

    Pros

    Nice people working in the NY office that are on the level and you can trust.

    Cons

    My boss was a liar!

    Advice to Management

    Don't be so greedy.

    Principal Global Investors2019-03-22
  4. Helpful (3)

    "Management Pains"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
     
    Positive Outlook
    Approves of CEO

    I have been working at Principal Global Investors for more than a year

    Pros

    Great people Benefits are awesome Love the location

    Cons

    True corporate environment--leadership is definitely out for themselves. Not a lot of training. No job clarity.

    Principal Global Investors2018-11-09
  5. Helpful (3)

    "Great work/life balance. Layers of bureaucracy."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Marketing Analyst in Des Moines, IA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Principal Global Investors for more than a year

    Pros

    Work life balance. Thriving business. Good bonus structure.

    Cons

    Too many committees and layers of leadership. Very conservative culture that is afraid to have fun and enjoy work.

    Advice to Management

    Loosen up and have fun. Reduce the bureaucracies.

    Principal Global Investors2017-08-02
  6. Helpful (4)

    "5 Star to 2 Star"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Regional Director 
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Principal Global Investors full-time for more than 10 years

    Pros

    Very fortunate to have represented the firm for 12 years. Exciting build out of Principal Funds sales distribution company, complete with an exciting and generous compensation package. A great recognition program complete with executive deferred compensation, defined benefit pension and a top shelf health plan.

    Cons

    It all ended in 2016 when Principal Global took over from the parent (Principal Financial). The compensation was cut by 42% in 2016 (120% from 2012). The pension was discontinued as well as recognition programs.

    Advice to Management

    Respect and reward the gritty and loyal professionals who built your business. With out them, nobody would have a job or see the stock back to all time highs.

    Principal Global Investors2017-06-28
  7. Helpful (1)

    "PGI"

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

    I have been working at Principal Global Investors full-time for more than 3 years

    Pros

    Principal allows great flexibility which helps with the work/life balance. The people working at Principal are second to none. Newly renovated offices.

    Cons

    The benefit packages have been trimmed the past couple years. Principal used to be the industry leader in benefits.

    Advice to Management

    Quite adjusting to industry standard for benefits and try to get back to setting the standard.

    Principal Global Investors2017-04-05
  8. "Not Sure"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Commercial Real Estate Intern in Des Moines, IA
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at Principal Global Investors for less than a year

    Pros

    Easy to get, extended internship intended as grooming for hiring.

    Cons

    Location is Des Moines, Iowa.

    Advice to Management

    Pay is low if wanting to attract top talent.

    Principal Global Investors2016-11-21
  9. Helpful (2)

    "No appreciation"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Marketing Advisor in Des Moines, IA
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Principal Global Investors for more than 3 years

    Pros

    Corporate benefits, onsite gym, views from the top floor windows

    Cons

    After the 2008 financial crisis, the company took away a lot of the extra perks and laid off the more 'expensive' employees. The ones that were left were stuck absorbing all the extra work, with little to no raises each year. There is a yearly bonus, but nothing to be too excited about. Goals are a joke just like other corporations and there is 'never any money' for raises or promotions. Employees work their butt... until they realize that is getting them nowhere. The culture was depressing with good reason. My department continuously did very poorly on the employee survey, and one year, we even 'got in trouble' for having such bad company reviews! If you manage to get a promotion/raise, there are 10 additional duties/goals added and you're on the chopping block for the next round of layoffs. And portfolio managers and other non-marketing leadership run the marketing department.

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    Advice to Management

    Reward and appreciate the employees who are working the daily grind. And be more open to creativity and trying new methods and ideas.

    Principal Global Investors2015-11-08
  10. Helpful (2)

    "Fixed Income Co-op"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Fixed Income Co-op in Des Moines, IA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Principal Global Investors

    Pros

    Great buy side experience with numerous opportunities to learn, and individuals whom will take the time to help you along the way. The co-op program is fairly comprehensive in terms of learning the basics of fixed income analysis, and individuals whom seek to dive deeper into debt markets will enjoy the resources available at their finger tips.

    Cons

    None, had a great experience at PGI

    Advice to Management

    Keep expanding this program as it is one of the better fixed income specific internships out there

    Principal Global Investors2015-02-24
Found 38 reviews