Principal Financial Group Reviews

Updated 23 April, 2015
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3.9
237 Reviews
Rating Trends
Recommend to a friend
Approve of CEO
Principal Financial Group Chairman, President and Chief Executive Officer Larry D. Zimpleman
Larry D. Zimpleman
146 Ratings

Pros
  • The pay and benefits are very good, with an excellent work-life balance to boot (in 43 reviews)

  • Great benefits, which is nice because salaries are less than annual averages (in 20 reviews)

Cons
  • Parking is a little ways away since we're located in downtown Des Moines (in 12 reviews)

  • Salary is on the high side of mediocre, other companies will pay more but Principal tries to make up for it with a flexible work environment (in 7 reviews)

More Pros and Cons

Employee Reviews

Sort: Popular Rating Date
  1. Great place to work. They care about their employees.

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

    I worked at Principal Financial Group full-time (More than 10 years)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    They care about their employees, they are flexible, they help you balance work and life.

    Cons

    Hard to get back in, they sometimes are too structured.

    Advice to Management

    Focus on bringing back the Health employees who apply! It's hard to get back in.

  2. Great ten years generally happy

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

    I worked at Principal Financial Group

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

    Pros

    Great retirement benefits especially 401k

    Cons

    Poor middle management, need to train them better

    Advice to Management

    Train and oversee them

  3. Financial Advisor

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Advisor in San Diego, CA (US)
    Current Employee - Financial Advisor in San Diego, CA (US)

    I have been working at Principal Financial Group

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    The team in San Diego is amazing. The Managing Director, Gary Lu, puts his advisors first and would do anything to help us with support. Having been with several other companies, Principal is the best out there. Great environment, awesome leadership and the best support in the industry!

    Cons

    It seems like the majority of the support comes out of the Irvine office, but the seniority and team to work with is in San Diego.

    Advice to Management

    The management team is awesome. Gary and Jeff are true professionals who dedicate so much time and resources for their advisors. Principal was rated one of the top companies to work for and I can definitely see why.

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  5. Financial Rep

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

    I worked at Principal Financial Group

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Flexible schedule, good products, back office support very helpful

    Cons

    No training, promise one thing and then change once you come on board

    Advice to Management

    Watch the district and regional managers to ensure they are helping the office become successful instead of them worrying about themselves more.

  6. Open, fair and honest

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Communicator in Des Moines, IA (US)
    Current Employee - Communicator in Des Moines, IA (US)

    I have been working at Principal Financial Group full-time (More than 10 years)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Ethical company, lives its values; great leadership (the Presidents and CEO are so accessible and genuine); financially strong; numerous opportunities; making an investment in Des Moines campus to really improve the workplace. Also, #63 on recent Forbes list of 500 best employers. That's HUGE!

    Cons

    As with any company with longevity in a market, some of the more tenured employees are slow to let go of the way things used to be

    Advice to Management

    I know it goes against Midwest values - but brag more.

  7. Principal

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    Current Employee - Corporate Customer Service in Grand Island, NE (US)
    Current Employee - Corporate Customer Service in Grand Island, NE (US)

    I have been working at Principal Financial Group

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    good working environment
    good benefits
    access to gym
    lots of events
    flexible schedule
    good teamwork
    good environment
    laid back

    Cons

    I don't have very many cons other than you can be scheduled different hours everyday, if that's something you are willing to work with then it wouldn't be a problem. other than that I would say just the usual office hours you work, by the time you get out everything else is also closed so I have to ask for time off for dr. appointments and stuff like that

    Advice to Management

    I think everything is fine, I have had one disagreement and it is if you have something to talk to me about that is bothering anyone talk to me about it in private and not in front of other co-workers because that's how rumors and speculations start often.

  8. client services representative

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Client Service Representative in Des Moines, IA (US)
    Former Employee - Client Service Representative in Des Moines, IA (US)

    I worked at Principal Financial Group full-time

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Decent salary, super benefits, relaxed atmosphere

    Cons

    It's all about making their almost unobtainable "numbers"

    Advice to Management

    Get back to making sure that the customers needs are met

  9. Went looking for a job and found a career/passion.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Managing Director in Mount Pleasant, SC (US)
    Current Employee - Managing Director in Mount Pleasant, SC (US)

    I have been working at Principal Financial Group full-time (More than a year)

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

    Pros

    The company is amazing, the support staff is almost and less and their expertise in the field has made my job so much easier. I have found when I don't feel comfortable talking about a product we offer that I can very quickly find someone who is an expert to guide me. If you work hard they are very good about rewarding you for your efforts and promotions come very quickly.

    Cons

    The office is still small, and the previous director was retiring so we have had to start fresh with the local office

    Advice to Management

    A larger marketing budget would help us grow our footprint in Charleston.

  10. Really a bad place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Associate in Pune (India)
    Current Employee - Associate in Pune (India)

    I have been working at Principal Financial Group

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Not a single. Since i joined not a single day i felt not leaving this company, And just because it is a column named Pros i don't have to write something good .

    Cons

    1. Not good people.
    2.Controlled Environment , you manager will decide when you will go for tea or lunch or break.
    3. Worst policies. if you fall sick and take a leave informing your manager on the same day you fell sick, be prepare for salary deduction. Yes you need to plan when you are going to be sick before taking leave else bad rating and cut on variable pay.
    4. No learning, just clerical and data entry work.
    5. Unnecessary overtime and no returns or perks for that.

    Advice to Management

    Above mentioned points 2 and 3. please read and understand what are you guys doing. And if you are in effective to make any change.

  11. A company founded in Iowa values with international vision.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Des Moines, IA (US)
    Former Employee - Anonymous Employee in Des Moines, IA (US)

    I worked at Principal Financial Group

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

    Pros

    Great work life balance, pushed to excel but in a healthy manner, great benefits, the food around the work was great, friendly and down to earth management and coworkers, active in the community.

    Cons

    Pay is not comparable to other companies in the industry. They have a lot of outlets to communicate what you think should change in the company, but sometimes it feels as if they don't listen.

    Advice to Management

    If the management wants to continue expanding, they need to keep their down to earth and friendly vibe, but recognize that ultimately what will attract top talent is a competitive pay. They need to look at the pay of their employees. Maybe also make climbing the career ladder a bit clearer.

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