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      Penn Mutual

      Engaged employer

      Penn Mutual reviews

      Financial Consultant - Investment Consultant Penn Mutual Employee Review

      3.0
      26 June 2017
      Investment consultant
      Recommend
      CEO approval
      Business outlook

      Pros

      Penn Mutual is headquartered in Horsham (just west of Philadelphia), PA and the support staff are very approachable and helpful. The firm has very strong Whole Life and Universal Life products; the Broker-dealer, HTK has a full investment offering (however, most agencies will not let you solicit investments from clients). High comp for Experienced Advisors, approx .80, plus residuals... Portable book and old school pension for top performers. Penn owns the LEAP system so you get a discount.

      Cons

      Managers will bait and switch you to join the firm. The two year Emerging Advisor contract (32k/yr plus .50 commission) does not go into effect immediately. The firm requires that you obtain six applications with at least $6k of commissions before they put you into the program (so don't quit your salaried job with the expectation that you will join with a base, because you won't - the hiring Manager will not explain this to you). The requirements for the two year, Emerging Advisor contract are increased quarterly (5k, 1st quarter; 6k 2nd; 7k 3rd...) and if you don't hit the mark you will probably be let go. The Manager will again tell you that they can simply switch you to another contract if you don't hit the quota (which in a short sales cycle can easily happen), but that is very rarely the case.

      avatar
      Penn Mutual Response
      9y
      Thank you for taking the time to write this review and for sharing your thoughts and experience. We strive for delivering transparency and open communication as we recruit and onboard new advisers, so your feedback is important as we continue to enhance that process. We value your suggestions on ways to make our advisers more successful and will take them under consideration.

      Explore other reviews about Penn Mutual

      5.0
      9 June 2026
      Senior manager, compliance
      Recommend
      CEO approval
      Business outlook

      Pros

      Great benefits with continued improvements Fair salary Complete support of work life balance at all levels

      Cons

      Some business areas see very high work volumes with no additional staffing which causes burnout

      avatar
      Penn Mutual Response
      2w
      Thank you for sharing your experience at Penn Mutual. We're glad to hear you appreciate our great benefits and the support for work-life balance. At Penn Mutual, we are guided by Our Shared Commitment to Care. Respect and Belonging. We're proud to see these values reflected in your experience. Thank you for being part of our journey.
      3.0
      17 Apr 2026
      Data analyst
      Recommend
      CEO approval
      Business outlook

      Pros

      Base salary is standard within the industry and the benefits package is strong. The annual bonus is a genuine differentiator in total compensation. The work itself offered real opportunities to build technical skills, particularly for those in data and analytics roles, with access to projects that should have a meaningful business impact.

      Cons

      Organizational restructuring has been a recurring theme, creating uncertainty around team stability and long-term role security. Communication from senior leadership during periods of change was inconsistent, making it difficult to plan or feel confident in the direction of the company. Employees may find themselves in limbo when priorities shift at the leadership level.

      avatar
      Penn Mutual Response
      2mo
      Thank you for taking the time to share your experience while working at Penn Mutual. We’re glad to hear that you valued our competitive bonus structure and growth opportunities. We appreciate your feedback regarding communication during times of change, and we welcome you to connect with a member of our HR team if you wish to discuss your feedback further. Thank you.
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