Northwestern Mutual Reviews

Updated 17 April, 2015
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3.7
1,712 Reviews
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Northwestern Mutual Chairman and CEO John E. Schlifske
John E. Schlifske
398 Ratings

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 Pros and Cons

Employee Reviews

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  1. Internship Financial Representative

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Intern - College Financial Representative in New York, NY (US)
    Current Intern - College Financial Representative in New York, NY (US)

    I have been working at Northwestern Mutual as an intern (less than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great leadership
    Unlimited Income potential
    Awarded for hard work
    Paid travel expenses to company events
    Impacting people lives , with the work you do

    Cons

    Reversal on products sold ( owing money when someone cancels or cant pay )
    If you are business owner minded do not bother

    Advice to Management

    Keep up with interns especially when they are in different states .

  2. Good Company to Work For

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Computer Programmer in Milwaukee, WI (US)
    Current Employee - Computer Programmer in Milwaukee, WI (US)

    I have been working at Northwestern Mutual

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Large stage company. They have never laid off an employee in 158 years. 40 hour work weeks are encouraged. Taking vacations is encouraged. Very good benefits compared to the industry including a 401k match and lump sum retirement plan. The benefits have been reduced several time over my 7 years at the company. I expect they will continue to chip away at them over time, but they are still above average for the industry. Lots of opportunity to move around within the company and try different jobs. And who can complain about the free lunches every day.

    Cons

    Things move slowly, lots of process, takes a long time to get things done. Be prepared to fill out a form to do just about anything. Change in technology and industry take a while to filter through Northwestern Mutual.

    Advice to Management

    Try to keep up with the times so the business isn't passed by. There is a lot of unnecessary process which could be removed.

  3. Financial Representative Intern

    Former Intern - Anonymous Intern
    Former Intern - Anonymous Intern

    I worked at Northwestern Mutual as an intern

    Pros

    -Good sales training for entry level job
    -Life and Health license paid for by company (and they help with further licensing as well if you're brought on full-time)

    Cons

    -Fully-commission, no base salary (although there were some stipends here and there)
    -Cold-calling friends and family, without having enough knowledge of the service(s)/product(s) being offered

    Advice to Management

    Base salary should be paid during training phase so it's not so tough starting out, and/or supply more training upfront so that interns have better understanding of their own services they can offer before having to contact friends & family.

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


  5. Great/fun environment, but high pressure job

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Intern - Intern in Las Vegas, NV (US)
    Current Intern - Intern in Las Vegas, NV (US)

    I have been working at Northwestern Mutual as an intern (less than a year)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Met some good-friends here
    Fun work environment
    Friendly People
    $100 a week meeting stipends
    Great Training Opportunities
    Licensing is paid for
    Flexible Hours

    Cons

    Commission is most of pay
    Hard to get clients

  6. intern

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Intern - Intern in Columbus, OH (US)
    Current Intern - Intern in Columbus, OH (US)

    I have been working at Northwestern Mutual as an intern

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    The mentoring at this company is great. I was apprehensive about insurance sales at first but they really spent a lot of time giving you the tools you need to succeed. And I love how flexible the job is.

    Cons

    I just hate the feeling of rejection when people are not interested in doing business. But that's just something that comes with being in sales.

    Advice to Management

    Continue to implement great mentoring strategies. It gives people motivation to hear the experiences of others and how they have overcome their challenges.

  7. A fantastic place to intern and see if the financial services industry is a good fit for you.

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

    I have been working at Northwestern Mutual as an intern (more than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    -You get to work with a mentor that offers A LOT of support, help and guidance.
    -You're doing the same exact job that full-time people do, just on a smaller scale, so it's a great way to see if it's the right career for you.
    -Develop many skills that are transferrable to other jobs.

    Cons

    -Offices vary greatly from city to city and even branch offices in the same city can be extremely different. Finding where you fit in can be a challenge.
    -You earn commission, stipends, and bonuses, but the job requires input of some money too (travel costs, coffee meetings, suits to wear...) so there is the potential to not earn a lot of money.

    Advice to Management

    Constantly keep open communication with interns to make sure you're both realistic toward and happy about goals that are set.

  8. Great Experience!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - Intern in Raleigh, NC (US)
    Former Intern - Intern in Raleigh, NC (US)

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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    I got some great training and had a wonderful experience. I feel like I set myself up for future success by accepting the internship.

    Cons

    Not really a con, but you are expected to work hard and put in 100%

    Advice to Management

    Keep doing what you are doing

  9. Your practice results entirely on how much work you put into it.

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

    I have been working at Northwestern Mutual as an intern

    Pros

    Opportunity to make as much money as you want.

    Cons

    No salary as a financial rep

  10. Business Analyst

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

    I worked at Northwestern Mutual full-time

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Fantastic benefits and very respectful culture.

    Cons

    Slow to make decisions and all of those decisions go through several committees.

  11. financial representative

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

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

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    this job is very cool promising, tremendous growth, undoubtedly a place to be for the long term. Freedom.awesome

    Cons

    Handwork,challenging job at times but when it comes down to it there are no cons, only attitude can become a con.

    Advice to Management

    management is very well trained, awesome people to work with in the office, the recruiting staff is awesome as well they pick good recruits

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