Principal Financial Group

  www.principal.com
  www.principal.com

Principal Financial Group Reviews

Updated 14 October 2014
Updated 14 October 2014
196 Reviews
3.8
196 Reviews
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Principal Financial Group Chairman, President and Chief Executive Officer Larry D. Zimpleman
Larry D. Zimpleman
127 Ratings

Review Highlights

Pros
  • The pay and benefits are very good, with an excellent work-life balance to boot (in 41 reviews)

  • Great benefits, which is nice because salaries are less than annual averages (in 19 reviews)


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

  • Salary is on the high side of mediocre, other companies will pay more but Principal tries to make up for it with a flexible work environment (in 7 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Best Company Out There from a Financial Advisor

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

    I have been working at Principal Financial Group full-time (more than an year)

    Pros

    Principal has the best training program for people who want to get into the business where the real money is at. They start you off with a 4 month salary and even provide benefits. Commissions are complicated but the best out there. The biggest 401k player in the market. Great Managing Director who is a straight shooter. He is very ethical and is an expert at sales.

    Cons

    Expect to work hard, but rewarded handsomely. The biggest challenge to learn to focus and keeping ourselves accountable.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    My search is over- I'm sold!

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

    I worked at Principal Financial Group as an intern (less than an year)

    Pros

    This is a company that really values their employees from full-time staff to interns. Senior management is very accessible, the culture is fun and inviting, and the opportunities are endless. This is an incredible company for those looking for a 'career company'. I got hooked on the values, the transparency and most of all, the people. I look forward to seeing further global expansion and growth and returning for a full-time position post graduation.

    Cons

    I do not think my experience would have been the same if I had not worked in the headquarter office in Des Moines.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Human resource

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

    I worked at Principal Financial Group full-time (more than an year)

    Pros

    awesome place to work at

    Cons

    none. its is a great place to work

    Advice to ManagementAdvice

    keep doing the best as always

    Recommends
    Approves of CEO
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  5.  

    Best Internship program yet!

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

    I have been working at Principal Financial Group as an intern (more than an year)

    Pros

    The program was well-structured, they provided you with a mentor within your team as well as an available leader to help you with anything you needed. I enjoyed the programs that they put on just for interns such as listening to upper level executives speak & professional development seminars. The pay was great too, and they hook you up with housing nearby!

    Cons

    There isn't a lot of internship to full-time conversion if you aren't in the IT field.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Great company to work for

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

    I have been working at Principal Financial Group full-time (more than 3 years)

    Pros

    They care about their employees, provide great benefits, continually train, and try to create a positive work environment.

    Cons

    They tend to keep piling on the work until you cry uncle...but then most companies do in this day and age.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Great Company to work for

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

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

    Pros

    Employee Oriented, Free Cab, Subsidized Meal, Nice Work, Good Environment, Nice Culture

    Cons

    Nothing as such, less onsite

    Advice to ManagementAdvice

    The y are good

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    "Great people and work"

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

    I worked at Principal Financial Group as an intern (less than an year)

    Pros

    Great co-workers. everyone was really friendly and good at their jobs. I was given a lot of responsibility and feedback on my work.

    Cons

    It took them 6 weeks to get my security clearance set up. That's fine for full time employees, but not for an intern who is only there for 12.

    Advice to ManagementAdvice

    Work on the on boarding process

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Great place to earn your wings, not so good once you have them.

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

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

    Pros

    Work Life balance is good in most areas. Retirement benefits are great, you get 401K and a pension. Onsite fitness center. Other benefits are OK. The people you work with are generally top notch, teams have a family feel. Some employees can work from home or remote.

    Cons

    If you work in a SCBU you'll have to deal with political infighting among the various business units. Once you reach a "senior" level in your position opportunities for advancement are slim to non existent if you don't have direct reports. Its not uncommon for senior staff level employees to retire having spent the previous 20 years with the same job title. At times work-life balance can tilt heavily towards work. Salary is on the high side of mediocre, other companies will pay more but Principal tries to make up for it with a flexible work environment. Another drawback is that during the remodeling some employees will get crammed into building with very little amenities.

    Advice to ManagementAdvice

    Treat all employees like you treat interns and you will get world class results on the annual EOS.

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    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 (more than an 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
  11. 3 people found this helpful  

    Work life balance and fun

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

    I worked at Principal Financial Group

    Pros

    1) Nice package atleast 3 years back they were offering irresistable package for 2-5 yrs exp people.Heard that has been changed now.
    2) Great work life balance as very less work pressure
    3) Lots of fun activities, interest groups.Strongly suggest to participate as its the only thing brings you to focus
    4)First in last out to compute your daily hours policy.Trust me you are gonna love this in company like this specially when its near to amanora, seasons
    5)This should top the list-Free cab facility within 50 km range
    6) Relaxed exit process

    Cons

    1)can you spend 8 hours without doing anything meaningful day by day?No right?

    2)I was lucky to be under a cool manger but most of them are not

    3)If you wanna learn google is open there so search and learn .Work is not going to teach you anything meaningful

    4)Award is a joke there.Its there to demotivate the smart people and to encourages the eye candy of the managers

    5)No onsite but you would be made aware of that at the time of joining

    6) Hike is very very less and the vp is almost 15% of your package so to get that you have to KA(decode that)

    7)There is merginal difference in developers and testers salary

    8) You will have a very bad time if you are not good in singing dancing because 10% your VP is there to perform in annual function

    So you want to join this company ask yourself

    -Are you married and less ambitious ?
    -Is IT job is your side income and you have a primary business?
    -You just have 2-3 yrs of exp and looking for a cool 1-2 yrs doing nothing but fun.

    I am not being sarcastic here ,all of us have different priorities.

    Advice to ManagementAdvice

    Please try to bring the quality work as now you have sufficient faith from the onshore

    Recommends
    Neutral Outlook
    No opinion of CEO

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