Principal Financial Group

  www.principal.com
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Principal Financial Group Reviews

Updated 28 August 2014
Updated 28 August 2014
193 Reviews

3.8
193 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Principal Financial Group Chairman, President and Chief Executive Officer Larry D. Zimpleman
Larry D. Zimpleman
125 Ratings

Review Highlights

Pros
  • work life balance, collaborative work culture, approachable leadership, good salaries (in 38 reviews)

  • Great benefits, which is nice because salaries are less than annual averages (in 15 reviews)


Cons
  • Parking is a little ways away since we're located in downtown Des Moines (in 11 reviews)

  • could make work environment more appealing such as offering ergonomic options to offices and desks (although this is currently in progress) (in 6 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Associate Manager - Product Development and Research

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Associate Manager - Product Development and Research  in  Mumbai (India)
    Current Employee - Associate Manager - Product Development and Research in Mumbai (India)

    I have been working at Principal Financial Group full-time for more than a year

    Pros

    Good work culture and organisation environment.

    Cons

    I enjoyed working with this company. Couldn't find anything to mention here as such.

    Advice to ManagementAdvice

    Empowering people is really magical. I could take pride of what I used to do.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Great first and last Internship

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Intern - Hourly  in  Des Moines, IA (US)
    Current Employee - Intern - Hourly in Des Moines, IA (US)

    I have been working at Principal Financial Group as an intern for less than a year

    Pros

    Real Project Experience
    Encouraged to Learn
    Leaders including Dan Houston willing to meet with Interns

    Cons

    Lots of first time internships.

    Advice to ManagementAdvice

    Continue to invest in Interns as a source of new technology.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Working for Principal was a fantastic experience with great team members.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - TeleApp Counselor  in  Des Moines, IA (US)
    Former Employee - TeleApp Counselor in Des Moines, IA (US)

    I worked at Principal Financial Group full-time for more than 3 years

    Pros

    The pay and benefits are very good, with an excellent work-life balance to boot. Vacation time was excellent, 401K match was standard and the health benefits were great. It is a large company with a lot of room for improvement. Employees are also eligible for bonuses in most areas. Awesome food selections and location.

    Cons

    Promotions are a little lacking, even if just a title promotion such as Sr. etc. There is little to no recognition depending on your area, and the food is so good you gain too much weight!!!

    Advice to ManagementAdvice

    Continue to recognize those who improve processes, work hard and drive results.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Slow start, but overall good experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Technical Analyst  in  Des Moines, IA (US)
    Current Employee - Technical Analyst in Des Moines, IA (US)

    I have been working at Principal Financial Group as an intern for less than a year

    Pros

    The culture, is by far the best thing about principal. Everyone there is intelligent and good at their job. I don't think I met a single person who I would not be friends with out side of work. In addition to that, the work is challenging and engaging. They really are committed to interns building a career with the company.

    Cons

    It took me 5 weeks to get my work space set up. Under normal circumstances, that would have been fine, but I was only there for 12 weeks so it was a large portion of my time.

    Advice to ManagementAdvice

    Improve workspace set up

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Very tech driven

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Intern - Hourly  in  Des Moines, IA (US)
    Current Employee - Intern - Hourly in Des Moines, IA (US)

    I have been working at Principal Financial Group as an intern for less than a year

    Pros

    As an IT Intern I got to work on real projects in many different fields. They also held an intern Code Jam (similar to a hackathon) where teams of interns competed to create the best web app. Overall great learning experience

    Cons

    For interns, it is difficult to get time to view other business units/positions. This would be helpful for young professionals who is not sure what they would like to do for a full time position.

    Advice to ManagementAdvice

    Keep up the good work but keep in mind after College it can be difficult to know exactly what career path an individual would like.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Great group of people in the Nashville office

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Advisor  in  Nashville, TN (US)
    Current Employee - Financial Advisor in Nashville, TN (US)

    I have been working at Principal Financial Group full-time for less than a year

    Pros

    The manager is hands on and a true mentor

    Cons

    dealing with big company politics

    Recommends
    Neutral Outlook
    Approves of CEO
  8.  

    The best job I ever had.

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

    I worked at Principal Financial Group full-time for more than 3 years

    Pros

    They have a great culture, good benefits and treat their employees really well. Top notch HR department. Worldwide opportunities.

    Cons

    Large company, so not much contact with top management.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Great organisation and Amazing People

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Assistant Vice President  in  Pune (India)
    Former Employee - Assistant Vice President in Pune (India)

    I worked at Principal Financial Group full-time for more than 3 years

    Pros

    Seasoned organisation & employee centric. Gives opportunities to employees to experiment and be creative with enough liberity.

    Cons

    Traditional Thinking especially on Technology advancement, Adoption of newer business ideas yet focused on doing whats best known to the company over the last 100+ years

    Recommends
    Neutral Outlook
    Approves of CEO
  10.  

    Principal Financial Group was a great place to work for,

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Claim Processor  in  Phoenix, AZ (US)
    Former Employee - Claim Processor in Phoenix, AZ (US)

    I worked at Principal Financial Group full-time for more than 5 years

    Pros

    Our office manager was very nice and very knowledgeable.

    Cons

    Having production goals increase every time you were able to meet them was a bit stressful.

    Recommends
    Positive Outlook
    No opinion of CEO
  11.  

    Some areas might be good but not all

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

    I worked at Principal Financial Group full-time for more than 3 years

    Pros

    Decent, though not outstanding benefits; Fairly stable company; Their public facing image is terrific, very community minded, etc - don't seem as compassionate internally . . .

    Cons

    Training was non-existent; position was presented as one thing but in truth was very different; very indecisive and out-of control management; focused totally on short-term results not the right thing for customers; a lot of back-stabbing low end managers trying at all costs to rise above one another.

    Advice to ManagementAdvice

    Find some maturity in the management training processes. Don't reward those that just shift the blame to others.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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