Principal Financial Group

www.principal.com
Employer Engaged

Principal Financial Group Reviews

Updated 5 March, 2015
Updated 5 March, 2015
223 Reviews
3.9
223 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
140 Ratings

Review Highlights

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 Highlights

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)

    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 ManagementAdvice

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

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    Great Company

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

    I worked at Principal Financial Group as an intern (less than a year)

    Pros

    Principal is a great company that I enjoyed working for.
    They have great benefits and above average pay for the state.
    The corporate management seem to really care about their company.

    Cons

    Don't spend a lot on training.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Solid Company with good reputation. I have worked for the company for many years and have learned a great deal while gr

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

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

    Pros

    Great benefits, they do encourage career growth and community involvement. They also offer wellness facilities on cite and promote the use of that.

    Cons

    Culture has definitely changed since going public. I understand we need to be accountable to share holders now but we also need to be accountable to our customers (customers are still #1) and it seems like we are sacrificing customer service at times to cut corners.

    Advice to ManagementAdvice

    Keeping good employees on board and promoting and paying them well might be better than continually hiring and training new employees.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Good company to work for

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

    I worked at Principal Financial Group

    Pros

    Great environment, very diverse and open to helping if in need

    Cons

    Training isn't great for someone starting in the industry

    Advice to ManagementAdvice

    Better training to a person just starting out to get them going

    Recommends
    Neutral Outlook
    Approves of CEO
  6.  

    Good company with fun people

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

    I have been working at Principal Financial Group as an intern (less than a year)

    Pros

    Fun people, decent pay, flexible hours

    Cons

    Unfulfilling work that is typically pretty boring

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Real Estate Global Investors Internship

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

    I have been working at Principal Financial Group

    Pros

    Employees are very friendly and easy to get along with. Good working environment and decent entry level pay.

    Cons

    Really large company hard to move up ladder to get promoted. In Des Moines and okay pay.

    Recommends
    Positive Outlook
  8.  

    Good, then great...then horrible. Everything changed for the worse. Goodbye quality customer service.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Pension Call Centers in Des Moines, IA (US)
    Current Employee - Pension Call Centers in Des Moines, IA (US)

    I have been working at Principal Financial Group

    Pros

    Okay benefits. Not as good as competition.

    Cons

    Middle management no longer puts the customer first. Customers call fir help and get rushed off the phone. Instead of an eclectic group of financial professionals we morphed into unprofessional poorly educated call center employees. Hello Pune' call center. It's coming soon. Just a manner of time. .

    Advice to ManagementAdvice

    Pay attention to what lower middle management is doing. As a group they're untruthful and not trustworthy. Most of the quality employees have already left or looking to.

    Doesn't Recommend
    Neutral Outlook
  9. 1 person found this helpful  

    Great benefits.

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

    I have been working at Principal Financial Group

    Pros

    Upper management is strong. Ethics are truly in place at that level

    Cons

    Mid level management is terrible. Most micro manage instead of working as a team to meet goals. Many good jobs have been moved to Pune India and more to follow because they'll work for $2.00 an hour. Very high turnover stateside.

    Advice to ManagementAdvice

    Upper management needs to look into what middle management is doing.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  10. 3 people found this helpful  

    Okay work but zero career growth and very poor management

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

    I worked at Principal Financial Group full-time (more than a year)

    Pros

    Work life balance is good. Less work and option of taking off days whenever you want
    Good for people who don't have great ambition in life
    facilities like canteen, cab are good

    Cons

    Very poor management , if you are coming from one of the top IT providers, you can clearly notice how poor the management, esp senior management. They don't have any skills or talent that you can learn from. They are in political groups and support old timers.
    No career growth. there are developers of 10 years experience and if you ask for growth you get answer like "if you want you leave, we dont have anything for you". Management is arrogant that they can pay and get resources whenever they want. The typical life span of an employee is 2 years beyond which you will find it difficult to work in PGS.
    Most of the senior employees are very poor technically and also in business area. If you are expectation is that PGS needs technical skills or great business skills, then you are wrong. All you need is a below average brain.
    Lots of unethical practice - which can't be commented here as glassdoor will anyway remove them, when I say unethical, it is really bad - even political organizations may not be that bad!!
    an interesting case is that the company is surrounded by malls and movie halls, so you will have many employees going out for breaks and returning late. This includes managers.

    Advice to ManagementAdvice

    Since you can't resign, there is not advice for you, but for anyone who is joining PGS, better be ready to leave in 12 to 16 months.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11.  

    IT interns are treated well.

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

    I worked at Principal Financial Group as an intern (less than a year)

    Pros

    Employees at Principal treat the interns like coworkers and not just observers. You are given real work and get to see a great workplace culture.

    Cons

    It does take a while to get used to the acronyms and campus. There were days when there was no work for me to do.

    Recommends
    Neutral Outlook

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