Northwestern Mutual reviews

4.0

70% would recommend to a friend

(8,243 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 8,243 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
5.0
Dec 10, 2008
Recommend
CEO approval
Business Outlook

Pros

You have your own business, so you are compensated for the work that you are willing to do. The company has very good training so that you are not just left on your own to figure things out. You work next to people just like you everyday so that you can all work together and push each other to become the best that you are. The company's financial strength is so good that you don't really need anything else to know that you are working for a company that will keep its promise. In these days that is better than what most companies can give you.

Cons

There is really nothing bad about this company. Look at Forbes magazine. It has been the most admired company in its industry for 25 years straight. That says something when your competitors in the industry will give you that rating for 25 years running.

5.0
Dec 9, 2008
Recommend
CEO approval
Business Outlook

Pros

There could be a lot of reasons to work for Northwestern Mutual, but for me three things have made me the happiest First, Northwestern is a great company ethically and in terms of performance. I couldn't take more pride in my work place than I do in Northwestern! It's a company respected among its peers for quality products and services, and every year it leads the industry in performance. Second, the work environment is great. It is what you make it, and if-like me-you value family time you have a flexible schedule to work around family events. Third, I get the opportunity to work with and help great people everyday. Northwestern Mutual gives me the ability to do everyday what I always hoped I would be doing, and that's to make a positive difference in others lives. I never thought I would really end up with a job that would fit me in every way, but Northwestern is that place! I am very happy.

Cons

Since it is a place that promotes a self employed atmosphere, it can change from city to city. While Northwestern Mutual does a good job of promoting a quality atmosphere wherever you are, in the end it will depend on you and your staff. If you promote good values, you'll have a solid foundation underneath you. However, the small business owner format also means that you may have to pick up a lot of overhead. If you can't manage expenses well, maybe its not the place for you. Also, there aren't corporate benefits available for some staff. This means employee benefits may cost you a little more and may make it a little more difficult to find quality staff members.

2.0
Dec 9, 2008
Recommend
CEO approval
Business Outlook

Pros

Northwestern Mutual is a top notch company. Northwestern Mutual prides itself on the idea of Mutual Respect. This "Respect" is not only for its employees and financial representatives but also for its policy owners. Northwestern Mutual calls itself the "Policy Owners Company." You will never have to appologize for Northwestern Mutual because Northwestern Mutual always does the right thing. It is a company you can be proud to work for. Northwestern Mutual has been voted the Most Admired Company for 26 straight years by its peers in the financial world in Fortune Magazine. The other great thing about working for Northwestern Mutual is the Work/Life Balance. The ability to work your own schedule allows a financial representative to attend important family events, help out at your children's school, or take that vacation you have planned without having to worry about the "boss" making you stay for a big meeting. Northwestern Mutual also has a sales training program that is second to none. Even if a career with Northwestern Mutual does not work out, the training you receive will be invaluable in any future endeavor.

Cons

A financial representative at Northwestern Mutual is a contracted employee and is paid strictly on commission. This makes it very difficult for someone who does not have a lot of savings to get through the first few years of small commission checks. Most sales will take 60-120 days from first sales call to actually getting compensated and this long lag time creates a lot of hardship for financial representatives who don't have any savings to turn to. Another issue with Northwestern Mutual is their harsh underwriting. Many times you will submit an application and think that you have made a pretty good commission only to learn that your case has been highly rated (usually involving a much higher premium that your client is unwilling to pay) or straight up declined. These cases are disheartening and there is zero financial support from Northwestern Mutual if this occurs.

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Glassdoor has 12,847 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.