Northwestern Mutual

  www.northwesternmutual.com
  www.northwesternmutual.com
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Northwestern Mutual Reviews

Updated 28 September 2014
Updated 28 September 2014
1,348 Reviews
3.7
1,348 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Northwestern Mutual Chairman and CEO John E. Schlifske
John E. Schlifske
238 Ratings

Review Highlights

Pros
  • If you are one of the few that make it (5%), there is unlimited income potential (in 53 reviews)

  • Unlimited earning potential, full autonomy with work (in 37 reviews)


Cons
  • Will have to sell life insurance to friends and family which could be awkward for some (in 112 reviews)

  • There is no base salary so getting started is very difficult (in 46 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1. 1 person found this helpful  

    Financial Rep Intern

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Representative  in  Richmond, VA (US)
    Current Employee - Financial Representative in Richmond, VA (US)

    I have been working at Northwestern Mutual as an intern for less than a year

    Pros

    working environment, flexible schedule (in charge of your own progress), extensive and VERY helpful training, Mentors are there to help and will encourage you to succeed w/ their goals in place.

    Cons

    Commissions aren't appealing to a college undegrad student...

    Advice to ManagementAdvice

    Pay more, have training for licenses/tests that are need to continue in program

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    Valuable experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Representative  in  Westport, CT (US)
    Former Employee - Financial Representative in Westport, CT (US)

    I worked at Northwestern Mutual as an intern for less than a year

    Pros

    Great experience for someone looking to develop their own career in the financial services sector.

    Cons

    A little too much pressure to sell their product. It felt like an indirect form of marketing disguised as an internship program.

    Advice to ManagementAdvice

    Focus on training and developing the right agents as much as possible, not getting as many people as possible to market your product.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    A growing experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Marketing/Recruiting  in  Louisville, KY (US)
    Current Employee - Marketing/Recruiting in Louisville, KY (US)

    I have been working at Northwestern Mutual as an intern for more than a year

    Pros

    It gives me great experience in the field that I desire to enter after college. Not necessarily selling life insurance but constantly communicating with other individuals on a daily basis.

    Cons

    I have not experienced anything negative thus far.

    Advice to ManagementAdvice

    As an intern, there is the possibility of me staying there after college. So there is definitely room for growth within the company.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Great company!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Representative  in  Columbia, MO (US)
    Former Employee - Financial Representative in Columbia, MO (US)

    I worked at Northwestern Mutual full-time for less than a year

    Pros

    Strong company
    Great work environment and coworkers
    Unlimited commission

    Overall, I have really enjoyed working for Northwestern Mutual. Their holistic approach and knowledgeable employees make it a great company.

    Cons

    Poor work life balance in the first few years because of the amount of work you have to put in to be successful
    Instability of pay since it is a 100% commission job

    Advice to ManagementAdvice

    Keep pushing company values and continue acting in the best interest of the clients

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Overall, good experience. Learned an immense amount about the insurance and financial security world.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - College Financial Representative
    Current Employee - College Financial Representative

    I have been working at Northwestern Mutual as an intern for less than a year

    Pros

    Great management and support from all the staff in the office! The company really cares about training you properly. As an intern, you spend two weeks in long training days. The internship really gives you a feel of the full-time career.

    Cons

    As a young college student, developing a network is difficult, which can make the internship tough.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Caring and forward thinking institution with amazing career potential for financial planners

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Recruiter
    Current Employee - Recruiter

    I have been working at Northwestern Mutual full-time for more than a year

    Pros

    The company is truly aligned when it comes to industry standards and marketing. Everyone has a great heart and cares about making a difference in the lives of existing and future clients. You will get a world-class training model both on a local and national level. The integrity and business ethics reign true throughout business practices, training/development, and customer service. They bring the human aspect back in to financial planning and take in to account every demographic and population needs help in financial planning.

    Cons

    If you are support staff or working in any capacity that is not a financial representative, it is very difficult to have long-term career aspirations: very low earning growth potential and upward mobility to higher positions. Support staff's success is purely based on success of a financial rep and can be extremely tumultuous if not on a more senor rep's team. On the rep's side of things: the leadership contract can be misleading and harness more "have-to's" then "want-to's" if you seek on being paid for your mentoring/managerial responsibilities. Although we have a higher retention rate than the industry, there is still a high turn over rate in most new rep, support and recruiter positions due to lack of upward mobility and increased compensation.

    Advice to ManagementAdvice

    Truly look into the pros and cons to leadership contracts to ensure compensation can be justified to time/energy commitment on all levels. Look in to more certifications, designations, job mobility for support, administrative and recruiting staff. Support, administrative and recruiting staff initially seek our culture and job duties, but the stay long term for similar career longevity potential and compensation increase as reps and leadership- without this potential retention will always be a challenge.

    Recommends
    Neutral Outlook
    Approves of CEO
  8.  

    Summer 2014

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - College Financial Representative
    Former Employee - College Financial Representative

    I worked at Northwestern Mutual as an intern for less than a year

    Pros

    The company pays for you to get your Life and Health Insurance license which looks great on any resume. You also learn a lot about the insurance industry in a very short period of time. Most of the employees are genuine and are willing to help you whether you stay with the company or not. There are bonus opportunities. There are gas gift cards and extra money if you sign up a certain amount of people. Overall this is a great internship and I believe that people should at least try it out for a semester if they have any thought of being a financial planner. This is one of the best internships in the country and people know that so worst case is you didn't like it and you beefed up your resume.

    Cons

    You only make $100 a week as an intern. So, if you aren't signing people up and gaining clients you are hurting for cash since you are probably putting at least $70 of that money into your gas tank traveling to meetings. The first two months their is a lot to learn so it is tough to sign people up on your own and really need the help of a joint work partner which you have to split commission with. This is a job where you will have to most likely cold call at some point once you burn through your natural market. Finding people to call is not as easy as they make it sound in the orientation.

    Advice to ManagementAdvice

    The weekly stipend should be more like $150 a week.

    Recommends
    Positive Outlook
    No opinion of CEO
  9.  

    Fantastic Employer.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Northwestern Mutual full-time for more than a year

    Pros

    -Friendly environment
    -Self motivated individuals that thrive through teamwork and mentorship
    -Flexible work time
    -Build your own business and work everything in/out that you wish
    -Very relationship oriented business

    Cons

    Very few. Worst part was the licensing process in the beginning, but other than that nothing.

    Advice to ManagementAdvice

    More one on one training in the beginning. The training process was great, but I feel that more one on one could be beneficial.

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Campus Recruiter

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Campus Recruiter  in  New York, NY (US)
    Former Employee - Campus Recruiter in New York, NY (US)

    I worked at Northwestern Mutual full-time for more than a year

    Pros

    NMFN's Home Office roles out a very clear recruiting process, a lot of great marketing material and great training on behavioral interviewing. I worked in a field office, as a junior level employee I still had a lot of responsibility and visibility. It was a great environment to learn sales and cold calling for candidates - a great foundation for the rest of my career. Took the initial fear out of picking up the phone and making a dial. Performance plans and production expectations are extremely clearly defined - overall a great training platform.

    Cons

    Salaries are low since this is a field office and cost center expenses are closely monitored, individual producers need to pay salaries out of their own production. A lot of the back office / support roles are filled by junior candidates that aren't true professionals - they are groomed into the role because they can be paid lower than individuals with experience. This creates a very informal and at times unprofessional work environment.

    Leadership is also a factor of the field office that you are working in, we had a great MP - when he left the new MP came in and changed the vision entirely.

    Advice to ManagementAdvice

    It's great to hire junior/entry level individuals to give them a crack at their first professional job, however more time needs to be spent on the professional development of these individuals. If you're going to hire recent college grads, you owe it to them to ensure they have been properly mentored to conduct themselves in a formal business environment.

    Recommends
    Neutral Outlook
    No opinion of CEO
  11.  

    Friendly and motivating environment.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Associate Wealth Management Advisor  in  Princeton, NJ (US)
    Former Employee - Associate Wealth Management Advisor in Princeton, NJ (US)

    I worked at Northwestern Mutual full-time for more than a year

    Pros

    Good values, lots of growth opportunity and an environment that holds you accountable for your own success.

    Cons

    Behind the times with technology and is lacking with the support for investment management clients.

    Advice to ManagementAdvice

    Training is good for new insurance reps. Any other position you are on your own to learn it. This may vary from branch to branch.

    Recommends
    Positive Outlook
    No opinion of CEO

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