Northwestern Mutual Reviews | Glassdoor.co.in

Northwestern Mutual Reviews

Updated 12 July 2018
3,029 reviews

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3.8
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Northwestern Mutual Chairman and CEO John E. Schlifske
John E. Schlifske
1,112 Ratings

3,029 Employee Reviews

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Pros
Cons
  • "They’ll often make you call on friends and family which can create sticky relationships later" (in 398 reviews)

  • "Need to be motivated everyday if you want to make sales, no base salary" (in 144 reviews)

More Pros and Cons

  1. "review"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Software Engineer in Ahmedabad
    Current Employee - Software Engineer in Ahmedabad
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Northwestern Mutual (More than a year)

    Pros

    company is good to work in

    Cons

    have to work in night shift

    Advice to Management

    no advice


  2. "Financial representative"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Northwestern Mutual full-time

    Pros

    great culture/ community, client focused

    Cons

    no base pay, only commission

  3. "Recruiter"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Northwestern Mutual full-time

    Pros

    Amazing culture. Lots of opportunities for growth and leadership. Everyone wants to make an impact.

    Cons

    Very "rep" focused. Think there needs to be more thought towards staff roles and how they can have a long-term career at NM too.


  4. "Office Support"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Northwestern Mutual full-time

    Pros

    Great learning opportunities within the company.

    Cons

    Poor vacation time and policy.


  5. "Good"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Northwestern Mutual full-time

    Pros

    Great place to work

    Cons

    Hours Microsoft hard working


  6. "Senior Technical Product Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Milwaukee, WI (US)
    Current Employee - Anonymous Employee in Milwaukee, WI (US)
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Opportunity, new leadership, financial advisor planning philosophy

    Cons

    Bureaucracy, Pay, old-boys-club, sub-par financial products and services

    Advice to Management

    Continue to invest in digital platforms and align on product funding model


  7. "Finally paid for the work that I do"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Morristown, NJ (US)
    Current Employee - Financial Advisor in Morristown, NJ (US)
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Northwestern Mutual full-time (More than a year)

    Pros

    I'm my own boss, flexible schedule, unlimited earning potential. Commissions are over 80% of everything you do and up to 95% on the wealth management side.

    Cons

    If you don't want to work, you're not going to make any money. Go get a salaried desk job if you don't want to do anything.

    Advice to Management

    Keep bringing in good people, one of the most appealing things about the offices is that there is no drama and it's just really nice people working together.

  8. "Best company to work for in the industry"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor
    Current Employee - Financial Advisor
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Northwestern Mutual full-time (More than 10 years)

    Pros

    Amazing training, development. Benefits package is first class.

    Cons

    Contract and bonuses/rewards are very insurance based. A lot of the bonuses are only attainable in big markets. Should have market based bonuses.

    Advice to Management

    Make contract more planning based, in order to be an advisor at NM it is all about your insurance sales, you could be the top investment producer but if you dont write enough insurance you get fined.


  9. Helpful (47)

    "Financial Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Fayetteville, AR (US)
    Current Employee - Financial Advisor in Fayetteville, AR (US)
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Over the past 5 years I have been working with the firm, I have grown to understand more about how Northwestern as a platform to begin and grow your financial advisory business seems tough to beat. While NM has allowed me exclusive access to their insurance and investment advisory platform, they also are not captive to just their products and which helps me feel confident when doing financial planning.

    5 years in so far and I have yet to run into a situation that I had to question any ethical or moral move that NM has made. With them acquiring learnvest to turn themselves into one of the largest tech financial firms in the US, I am excited to see where they go over the next few decades.

    Cons

    The first few years of building your own practice is tough. While Northwestern prides themselves on their training program and mentorship, at the end of the day, your business thrives or fails based on how much you are willing to work on crafting your skills and building your client relationships.

    I have seen a lot of people not willing to put the time and energy into starting their own business and end up leaving the career with a bitter taste because they were to focused on "selling" instead of "planning".

    If you are just trying to be an insurance agent or an investment advisor, this isn't the group to join. I have realized NM's focus and current competitive advantage is their focus on comprehensive financial planning that isn't just about selling products.

    Advice to Management

    Many people think NM is just an insurance company but the leadership needs to start educating people that NM is one of the top 5 investment brokers in the US.


  10. "Intern"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Very relaxed environment, friendly staff

    Cons

    Lack of intellectual awareness in the evironment. Felt a lot more sales oriented than real financial advisors working for their clients. Pushing certain products when it might not be best for their clients just to make money.

    Advice to Management

    Encourage financial advisors to become better through designations such as the CFP.


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