Financial Representative (Former Employee) – Reston, VA – June 1, 2017
This is a typical commission only job, so you get what ever you put in. However, training is top notch. You get all the tools you need to be successful and you receive great support when needed. All you need to do is ask.
Only 5% of new hires in the financial planning area have successful careers. Takes time to begin earning money. 100% Commission.
Financial Consultant (Former Employee) – San Diego, CA – October 14, 2018
They use new hires to capture their "circle of influence" giving employees false hopes of success. Only 5% stay with the job after a year. Takes a minimum of 4 years to establish your business. You need living resources to overcome obstacles until income is generated.
great people, stressful environment, very poor upper leadership
Product Manager (Former Employee) – Milwaukee, WI – October 14, 2018
The people on teams have got what it takes however they are rarely listened to or valued. Upper leadership is egocentric and incompetent. Communication is riddled with corporate speak and actions do not reflect the vision. There is no trust in the organization.
great people at the team level, cafe, nice view from offices
Financial Representative (Former Employee) – Fort Myers, FL – October 12, 2018
The whole company structure tells you to go out and try and convince people they need their product. They start off by having you make a list of people who are willing to "help" you. Then they have you call all your close friends and family on this list and attempt to scam them.
The firm keeps the clients, Training is run by a failed rep. You are a 1099 independent contractor but they tell you what you have to do or threaten to fire you if you do not listen. The company has great products but a flawed program on how to keep and retain good people. Call all your friends and family and do joint work, when you fail they(joint work) keep the clients.
College Financial Representative (Former Employee) – Providence, RI – October 10, 2018
Don't intern here unless you have no other options. It is an extremely sink or swim business that has you calling up friends and family constantly to sell insurance. They take all of your dial and meeting numbers and show them to the rest of the intern class and openly rip you if you do not meet their standards. Full commission, 100 dollar stipend a week that they are very reluctant to pay out. They are focused more on what you can produce for them and don't actually care about you the intern and your career advancement. The retention is extremely low 8-9% and you are ultimately a foot soldier salesman for the summer. This internship will only serve as a resume booster. Employees love to brag about how much money they make, have little class. I can honestly say we were promised so many things from this "Top Ten" internship, and they certainly did not deliver/ they lied completely. You lose the drive to work very fast once you see and realize all the BS. And if you still try your best and don't get any sales completed by a certain point, they'll fire you anyways before the summer is up. That happened to half the intern class after a few months. Close: Don't do it unless you have to. It helped my resume and aided in landing me a real finance job. That's about all it offers. Oh yeah and they'll pressure you to buy insurance policies as a 20 year old kid who really has no need for them. Its to insure they have their ROI on you.
Flexible hours, Interns were nice, Resume builder
No real salary, Bad management, culture, lots of deception from day 1
WMA, Financial Advisor (Current Employee) – West Des Moines, IA – October 10, 2018
Northwestern mutual is a great place to work, the people are very nice and everyone was accommodating. It has a positive culture with an emphasis on personal and professional development. I would not be the person I am today had it not been for my almost 5 years spent at Northwestern Mutual.
The toughest part of the job was dealing with the stress of running my own business and working on a commission only basis.
The most enjoyable part would have to be the people that I got to work with and my manager/mentor.
IT Security Engineer (Current Employee) – Milwaukee, WI – October 9, 2018
Still a great place to work, but recent management changes as part of an acquisition has really changed the culture....including dropping the fixed benefit pension and laying off employees for the first time ever.
Excellent company to work at as a young professional. A Fortune 100 company that is a leader the financial services industry. Offering wide variety of services to help you achieve your financial goals.
Financial Representative (Former Employee) – Minnesota – October 9, 2018
Northwestern allows thousands of college students to join their company every year. They devote time and money in developing sales people to grow the company's size and image. The hours will be long and most interaction in the office is tied to the other interns. I found it hard to seperate my buisnness with my off time.
Co-Founder and Vice President, Operation Officer (Current Employee) – New Haven, CT – October 9, 2018
for the last 6 years, NML allowed me to be a better communicator Participated in high level cost-benefit analysis discussions with Clients to determine the best course of action in protect assets and build financial security
Financial Representative (Former Employee) – Irvine, CA – October 8, 2018
I loved NML. Would definitely recommend this company/position FOR THE RIGHT PERSON. Make sure you have a strong network of people to call or you will be fighting an uphill battle. Best for career changers. If you are new to sales, they will teach you how to close deals but it takes time and lots of practice to become fully autonomous. The job can be disheartening as only 10% of your contacts will become a client on average so you must prospect relentlessly. They have a mandatory mentorship program which helps a lot.
Free lunches, flexible schedule, great opportunities to learn, very rewarding
Work life balance is not so great in the first few years, stressful.