Northwestern Mutual reviews

4.0

70% would recommend to a friend

(8,240 total reviews)

Timothy J. Gerend

94% approve of CEO

73% positive business outlook

Northwestern Mutual has an employee rating of 4.0 out of 5 stars, based on 8,240 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Northwestern Mutual employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.8 stars).

Reviews by job title

8K reviews
3.0
Mar 11, 2016
Recommend
CEO approval
Business Outlook

Pros

Overall, my experience working at NM was good. Good work/life balance and nice amenities (i.e. free lunch, a store and a gym). Decent healthcare benefits. Great training workshops. Pleasant work environment.

Cons

It can be hard to get promoted due to the culture of it's who you know. Males seemed to get promoted quicker than women based on the "boys club" like environment at times, especially in IT. Diversity needs improvement to retain quality workers of all backgrounds. Pay could be more competitive.

1.0
Feb 2, 2015

RUSSO GROUP MID TOWN

Recommend
CEO approval
Business Outlook

Pros

you are not micromanaged, and can set up your day as you please outside of mandatory meetings. You can essentially be your own boss.

Cons

Extremely unprofessional environment and do not follow their own code of ethics. Working for this company boils down to doing a lot of work for little compensation. Staff is extremely underpaid and overworked. While I was going through the interview process I was contacted through text typically late at night which I found extremely unprofessional. The atmosphere is pretty much fend for yourself and very cliquey. Leadership help who they want to help and the rest are left to "figure it out". They encourage you to use your own network and when they have run through that they kick you to the curb literally. I felt very mislead from what I was told while interviewing to what I experienced after I started. A lot of the people in leadership roles have come in from other industries which makes it diverse, but many have failed at their previous positions and that is why they are there. Stay away from this office.

2.0
Dec 16, 2010
Recommend
CEO approval
Business Outlook

Pros

Good to test out a career in financial planning. I, personally, didn't realize that the field of financial planning or advisory was so sales oriented. Gave a weekly stipend for just showing up to a weekly two-hour training. You aren't running around getting coffee and making copies with this internship! (Although getting coffee actually might leave your dignity more in tact.) Nice office.

Cons

If you are looking to put your business degree to use, you will be sorely disappointed. You will be selling life, disability, and long term care insurance, and doing nothing else. You don't even need a college degree for that. Pay is 100% commission, so don't expect to be able to make ends meet for the first few months. They basically use interns and their relationships to sell life insurance to their friends and family, knowing that most of them will fail or not make enough to sustain themselves and quit. Training is mostly, "We are Northwestern Mutual. We are the best." So, there's kind of a cult mentality. Also, training is 0% product training and 100% sales training. This is so you have to do joint work. Joint work is where you call Aunt Margaret to set up a meeting, and then you get to watch as Johnny Insurance Salesman tries to push an expensive policy or annuity on her. After you quit, Aunt Margaret becomes Johnny Insurance Salesman's client, and he gets the rest of the renewal commissions on her policy. After Johnny Insurance Salesman quits, all of his renewal commissions go to the Managing Director. Oh, and you also have to split the commission 50/50 with Johnny Insurance Salesman on the initial sale. It is one step above a multi-level marketing scheme. They say you will be an independent business owner and get to call all your own shots, but they forget to mention that you will have to meet every week to give your numbers to somebody and have that person scold you. If this is owning your own business, count me out! If you are looking at this, chances are, you are already having your doubts. Trust your gut. The risk far outweighs the reward.

Viewing 70 - 72 of 8,240 Reviews

Glassdoor has 12,843 Northwestern Mutual reviews submitted anonymously by Northwestern Mutual employees. Read employee reviews and ratings on Glassdoor to decide if Northwestern Mutual is right for you.