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Principal Financial Group

Engaged Employer

Principal Financial Group reviews

3.8

72% would recommend to a friend

(2,587 total reviews)
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Deanna Strable

81% approve of CEO

69% positive business outlook

Principal Financial Group has an employee rating of 3.8 out of 5 stars, based on 2,587 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Principal Financial Group employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

3K reviews
2.0
Mar 18, 2010
Recommend
CEO approval
Business Outlook

Pros

Flexible for producers, good support and training staff; Good alternative products, significant choice of investment products and alternative insurance products.

Cons

Home office traditional, inexperienced and secretive. Extremely useless with investmant support, crippling reliance on ineffective RIA and analysis. Limited product choice.

3.0
Mar 11, 2010
Recommend
CEO approval
Business Outlook

Pros

Great Benefits if you take advantage of them. The flexability is next to none when it comes to the legal department.

Cons

The Principal Financial Group is a great company to work for. However; as a legal Support Assistant you are doing everybody else’s job and get noted as the catch all for the department when others can't perform up to par, or are too lazy to do their own job that they are being paid an inflated salary for. The company runs on a seniority pay scale, so you can have an employee in your department that doesn't do anything, but has been with the company since Jesus so they get paid outrageous amounts for their little effort. Communication within the legal department is horrible.

2.0
Mar 4, 2010

Group Benefits Division of PFG

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Benefits are very good. Employee contribution is low for medical and dental. PTO time is pretty generous especially if you have been there a while. Company is ethical in dealing with clients. They are good with communicating with employees (unless it involves things that directly affect employees). They are financially strong.

Cons

Each office is managed by a local manager so this can vary by the office you work at. There are no growth opportunities. Company seems that they rather take people from outside than to promote within. Principal, like other companies, have cut salaries, benefits and jobs. Communication about the salary cuts were not clearly communicated. Company claims they are financial strong yet continue to eliminate positions. More work is added to employees who are already stressed out. No team spirit. No recognition for job well done.

Viewing 2551 - 2553 of 2,587 Reviews

Glassdoor has 3,078 Principal Financial Group reviews submitted anonymously by Principal Financial Group employees. Read employee reviews and ratings on Glassdoor to decide if Principal Financial Group is right for you.