Principal Financial
3.5 of 5 165 reviews
www.principal.com Des Moines, IA 5000+ Employees

Principal Financial Reviews

Updated Apr 12, 2014
Principal Financial – Hong Kong – “Hong Kong Office”

All Employees Current Employees Only

3.5 165 reviews

                             

83% Approve of the CEO

Principal Financial President, CEO, and Director Larry D. Zimpleman

Larry D. Zimpleman

(103 ratings)

74% of employees recommend this company to a friend
165 Employee Reviews
Relevance Date Rating
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Review Highlights

Pros:
  • "The work/life balance and flexible scheduling is great"
    in 29 reviews
  • "Great company to work for Great benefits wish I had never left"
    in 13 reviews
Cons:
  • "Not a lot of advance opportunity outside of Des Moines"
    in 9 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
  • Show more review highlights

Reviews

  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • Approves of CEO

 

Encouraging atmosphere

Helpdesk Technician (Former Employee)
Des Moines, IA (US)

I worked at Principal Financial as a contractor

ProsThe people are wonderful. Everyone on my team was always willing to help you out!

ConsThy pay (for a contract) was not as competitive as I had hoped (but still good).

Yes, I would recommend this company to a friend

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A company to launch a career

Anonymous Employee (Current Employee)

I have been working at Principal Financial for more than 10 years

Pros- Strong work/life balance
 - Ethical organization who strives to do business which aligns with their values
 - Multiple career paths which offer long term growth opportunities

Cons- Career development primarily focused in Des Moines, Iowa.
 - Decisions may take time given the collaborative nature of the organization

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Fantastic company, people, management!

Vice President of Sales (Current Employee)
Des Moines, IA (US)

I have been working at Principal Financial full-time for more than 10 years

ProsThe Principal Financial Group is a great company. Very well regarded in investment management globally and retirement services in the US and globally. Award winning company in IT, employer for women, diversity, innovation.

ConsOpportunity to do challenging work here. fast paced.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Great flexibility and culture

Anonymous Employee (Current Employee)
Des Moines, IA (US)

I have been working at Principal Financial full-time for more than 10 years

ProsFlexibility in schedule, where we work, how work gets done. Flexibility is not only offered, but also encouraged! Co-workers, benefits and pay are great. Ethics/doing the right thing is a focus of this company. Love that we have PTO since it's so much easier to manage.

ConsParking is a little ways away since we're located in downtown Des Moines.

Advice to Senior ManagementContinue to communicate openly with employees. Much appreciated!

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Great company to work for.

Anonymous Employee (Current Employee)

I have been working at Principal Financial full-time

ProsGreat values and business ethics

ConsNot a whole lot of work life balance

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Great company, great training and great products

Financial Services Representative (Current Employee)
Downers Grove, IL (US)

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

ProsGreat company, great training and great products

Cons100% commission after training period

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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  • Disapproves of CEO

 

Give your friends the promotion

Anonymous Employee (Former Employee)
Indianapolis, IN (US)

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

ProsGreat benefits, which is nice because salaries are less than annual averages.

ConsThis could have simply been my department, but mistakes were never forgotten, no matter how large or small. Promotions and job recommendations were given to friendlies instead of the most qualified.

Advice to Senior ManagementHire managers with experience in managing people!

No, I would not recommend this company to a friend

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Not for "go getters"

Anonymous Employee (Current Employee)

I have been working at Principal Financial full-time for more than 10 years

ProsIT Specific: Some parts of the company are surely "OK". However, you may spend 20 years trying to find that area that fits you. It is nice being downtown with access to the skywalks. Generally, nobody tries to micromanage you.

ConsIT Specific: If you can do lots of things, don't bother here. They want people to be "siloed" and focus on your one tiny piece. Then you can fight the layers upon layers of nonsense to get any little thing done. There are so many redundant groups full of way too many people. The company is not nimble, and they have meetings upon meetings over discussing how things should be done.

No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

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  • Culture & Values
         
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  • Comp & Benefits
         
  • Career Opportunities
         

 

Good work life balance

Systems Test Lead (Former Employee)
Pune (India)

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

ProsI worked with Principal global services, Pune for 5 years. It's well known as sister company of Principal financial group(USA).
HR Policy are employee friendly
Less complex work.
Good work life balance
Good pay. Very domain centric, if you have good domain knowledge they u are paid well.
It is a good place for working women

ConsEmployees interests are not considered while allocating projects. Hence employes gets bored with repetitive work.
No onsite opportunities.
Growth opportunities are less.
Management isn't transparent and

Advice to Senior ManagementManagement should take actions to build knowledge across team rather than letting it accumulate with one person to avoid dependencies.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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  • No Opinion of CEO

 

Fixing in Interviews

Anonymous Employee (Current Employee)

I have been working at Principal Financial

ProsNothing as such. Only good pay on initial recruitment. Good life balance.

ConsCandidates referred by employees are getting selected even though they are not possessing required skills and good candidates are thrown out just to make room for references. Spouses and friends are being brought who are actually not worth than just trash. Specifically BA team.

Advice to Senior ManagementLook into the selection process and HR TEAM. Make the right selection otherwise it would be just garbage company.

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Glassdoor is your free inside look at Principal Financial reviews and ratings - including employee satisfaction and approval ratings for Principal Financial CEO Larry D. Zimpleman. All 165 reviews are posted anonymously by Principal Financial employees.