Northwestern Mutual

  www.northwesternmutual.com
  www.northwesternmutual.com

Northwestern Mutual Reviews

Updated 17 December 2014
Updated 17 December 2014
1,498 Reviews
3.7
1,498 Reviews
Rating Trends

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Northwestern Mutual Chairman and CEO John E. Schlifske
John E. Schlifske
307 Ratings

Review Highlights

Pros
  • Unlimited income potential, office culture, ten week program (test drive the industry) (in 56 reviews)

  • Unlimited earning potential, full autonomy with work (in 39 reviews)


Cons
  • Will have to sell life insurance to friends and family which could be awkward for some (in 119 reviews)

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

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Life as an Associate Financial Representative

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

    I have been working at Northwestern Mutual full-time (more than 3 years)

    Pros

    Northwestern Mutual is a great opportunity to learn about the finance industry. Highly recommended for new college graduates or career changers hoping to add experience to their resume in the field finance. In general, the position is flexible and provides for a great deal of independence, especially if you're willing to work hard and learn the business in the first couple of years. I have built some of my strongest friendships with current and former employees.

    Cons

    Pay is below average for the industry. Work can seem tedious at times.

    Advice to ManagementAdvice

    Put half as much effort into building and motivating your team as you do into building your clients and you'll be exponentially more successful.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Experience of a former satisfied employee

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

    I worked at Northwestern Mutual

    Pros

    This company is a solid and reputable company in the Milwaukee marketplace and community. Opportunity exists and support is evident

    Cons

    Different locations can produce some inconveniences, but nothing that cannot be easily overcome.

    Advice to ManagementAdvice

    Stay the course, the company is headed in the right direction.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Great place to work

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

    I have been working at Northwestern Mutual

    Pros

    You learn so much and learn an all around approach to be a good financial adviser. You don't just sell life insurance, you work with clients on building relationships and being a all around adviser. Training was very good. There products are very good and very competitive. I was proud to sell them northwestern products.

    Cons

    Of course lot of calling and cold calling. But, if you just do this, you can't fail. Commission only, which is very hard to sustain a living. Only reason why it's not a 5 star.

    Advice to ManagementAdvice

    No Advice

  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    A lot of upside, and a lot of downside

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

    I have been working at Northwestern Mutual

    Pros

    Great Commission - 50% for interns, 87% for first yr reps
    Flexible - you make your own schedule , but if you don't produce you'll be let go
    No salary cap - make as much as you can sell

    Cons

    No base salary
    Mentally tough position

    Advice to ManagementAdvice

    Management should give reps first starting out a salary, just like the give interns 100$ per week. That would decrease turnover.

    Interns usually do best in this position and I feel its because they had a base salary starting out

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  6.  

    Full service financial planning

    • Work/Life Balance
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Northwestern Mutual

    Pros

    Potential for high earnings, competitive culture

    Cons

    No base salary, tough to break in to and establish business

  7.  

    Best decision I ever made

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

    I have been working at Northwestern Mutual full-time (more than 5 years)

    Pros

    Atmosphere, culture, values, opportunities, just to name a few.

    Cons

    The start up of building a client base is harder than you think it is....worth it though!

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Very rewarding. I'm able to make a positive impact on my clients lives by preparing a strong financial plan.

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

    I have been working at Northwestern Mutual full-time (more than an year)

    Pros

    Unlimited earning potential; you're your own boss; you are paid your worth, not just how long you've been there; you make your own schedule.

    Cons

    Only downside, Ive seen people fall victim to the flexible schedule and make no money.

    Recommends
    Positive Outlook
  9.  

    I had a great experience interning as a financial representative.

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

    I worked at Northwestern Mutual as an intern (less than an year)

    Pros

    Great people, good interpersonal business experience

    Cons

    Slow start to earning a consistent income

    Advice to ManagementAdvice

    Great mentors, should focus on developing young employees phone communication skills

    Recommends
    Positive Outlook
  10. 2 people found this helpful  

    Hard, Fustrating, Difficult Work - Rewarding, Honest, Proffesional Career

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

    I have been working at Northwestern Mutual full-time (more than an year)

    Pros

    The ability to grow a career, and build a business. The ability to truly help people. The influence and respect that is earned within the community overtime. Residual Income. Management, Associates, and Corporate are full of great people who want to help you succeed. Knowing that when I retire I will have a pension as a part of my portfolio. The culture and ethics are something to be proud of. The pros go on and on.

    Cons

    Mentally the most demanding work I've ever done. You will constantly face rejection especially when starting your career. I don't care how thick your skin is constant rejection is difficult and it hurts. I work anywhere from 50 to 70 hours a week, like any business the first three years will require you put a lot of work and hours to succeed. Starting this career, know that you will be broke. You may be lucky and start your career like a Rock Star and make a ton of money, however that is usually not the norm and if your in it for the upfront money and not the long game than chances are you will fail. With all that said, this is most rewarding work I've ever done. I will retire with Northwestern Mutual.

    Advice to ManagementAdvice

    Keep doing what your doing.

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Career

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

    I have been working at Northwestern Mutual full-time

    Pros

    Top Rated Financial Planning Company

    Cons

    Development of career agents needs improvement

    Advice to ManagementAdvice

    Increase engagement

    Recommends
    Positive Outlook

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