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      Penn Mutual

      Engaged Employer

      Penn Mutual reviews

      3.9

      73% would recommend to a friend

      (272 total reviews)
      avatar

      David O’Malley

      80% approve of CEO

      68% positive business outlook

      Ratings by demographic groups

      Penn Mutual has an employee rating of 3.9 out of 5 stars, based on 272 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Penn Mutual employee rating is in line with the average (within 1 standard deviation) for employers within the Insurance industry (3.6 stars).

      Reviews by job title

      272 reviews
      3.0
      Nov 12, 2018

      Customer Service Call Center

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      Long term stable employer that does not seem like it will be merging with anyone or being bought out by a larger company

      Cons

      They are supposed to have a structured 6-8 week training period. It is not very structured. There is no stability to the training program. There are several operating systems that you have to deal with for each call that are not exactly user friendly.

      3.0
      Jun 26, 2017

      Financial Consultant

      Investment consultant
      Recommend
      CEO approval
      Business Outlook

      Pros

      Penn Mutual is headquartered in Horsham (just west of Philadelphia), PA and the support staff are very approachable and helpful. The firm has very strong Whole Life and Universal Life products; the Broker-dealer, HTK has a full investment offering (however, most agencies will not let you solicit investments from clients). High comp for Experienced Advisors, approx .80, plus residuals... Portable book and old school pension for top performers. Penn owns the LEAP system so you get a discount.

      Cons

      Managers will bait and switch you to join the firm. The two year Emerging Advisor contract (32k/yr plus .50 commission) does not go into effect immediately. The firm requires that you obtain six applications with at least $6k of commissions before they put you into the program (so don't quit your salaried job with the expectation that you will join with a base, because you won't - the hiring Manager will not explain this to you). The requirements for the two year, Emerging Advisor contract are increased quarterly (5k, 1st quarter; 6k 2nd; 7k 3rd...) and if you don't hit the mark you will probably be let go. The Manager will again tell you that they can simply switch you to another contract if you don't hit the quota (which in a short sales cycle can easily happen), but that is very rarely the case.

      avatar
      Penn Mutual Response
      9y
      Thank you for taking the time to write this review and for sharing your thoughts and experience. We strive for delivering transparency and open communication as we recruit and onboard new advisers, so your feedback is important as we continue to enhance that process. We value your suggestions on ways to make our advisers more successful and will take them under consideration.
      4.0
      Mar 23, 2017

      Financial Advisor

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      Great people and senior managment

      Cons

      Focus more on just insurance

      Viewing 85 - 87 of 272 Reviews
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      ReviewsPenn Mutual reviews

      Glassdoor has 320 Penn Mutual reviews submitted anonymously by Penn Mutual employees. Read employee reviews and ratings on Glassdoor to decide if Penn Mutual is right for you.