Northwestern Mutual Overview

The Northwestern Mutual is an American financial services mutual organization based in Milwaukee. The financial security company provides consultation on wealth and asset income protection, education ...
The staff at Northwestern Mutual come from unusually diverse demographic backgrounds. The company is 41.5% female and 36.2% ethnic minorities. Even though it has great demographic diversity, Northwestern Mutual notably lacks in political diversity. It has an unusually high proportion of employees who are members of the Republican Party, at 68.0%. Despite having coworkers who agree with each other about politics, employees at Northwestern Mutual tend to have relatively short tenures. Staff members usually stay with the company for 2.8 years. The average employee at Northwestern Mutual makes $38,919 per year. Pay at Northwestern Mutual is significantly lower than some of its highest paying competitors, like Morgan Stanley, Ameriprise Financial, and Raymond James, which pay $105,676, $84,806, and $82,378, respectively.
Based in Milwaukee, WI, Northwestern Mutual is a key player in the finance industry with 7,500 employees and an annual revenue of $28.2B.

The Organization’s Mission

To deal with policy issues and consumer behavior yet some companies like Northwestern Mutual life retain their original course of actions with clear mission and core values to provide exceptional service to their consumers.

Industry

Financial Services

Revenue

$28.2B

Employees

7,500

Founded in

1857

Headquarters

Milwaukee, WI

Website

northwesternmutual.com

Organization Type

Private

Is This Your Company?

Northwestern Mutual Employee Reviews

Zippia Official Logo

3.0

Zippia UserJuly 2021

3.0

Zippia Official LogoZippia UserJuly 2021

What Do You Like About Working There?

self starting. independence.

What DON'T You Like About Working There?

paid based on commission only - no salary or bonus structure. sales structured towards insurance, rather than full comprehensive service

What Are Your Favorite Benefits/Perks?

unlimited potential salary
Zippia Official Logo

4.0

Zippia UserJanuary 2021

4.0

Zippia Official LogoZippia UserJanuary 2021

What Do You Like About Working There?

Great mentoring and leadership. Phenomenal training program.

What Are Your Favorite Benefits/Perks?

Complete autonomy
Zippia Official Logo

1.0

Zippia UserMay 2020

1.0

Zippia Official LogoZippia UserMay 2020

What Do You Like About Working There?

2001-2008, after that year it all went downhill.

What DON'T You Like About Working There?

The process by which they review employees is extremely flawed. Just look at anyone who post something constructive about them. It will be followed by one of their puppets replying in a condescending way. If you challenge your team leads, you will literally be “shushed”. However, if you like to be in control, take pride in your monkey mind, will take papers out of a filing cabinet just to put them back in the same way to stay “busy”.....you might fit right in and make good money!

What Are Your Favorite Benefits/Perks?

The people at the Starbucks there were nice. It was nice visiting them, kind of like a dose of human during the day. The free lunch isn’t worth it. For real, people are so paranoid of being late from lunch, if you’re in line for food, there will usually be someone behind you having a panic attack that you’re not moving fast enough. I’m grateful I’m gone.
Zippia Official Logo

3.0

Zippia UserFebruary 2020

3.0

Zippia Official LogoZippia UserFebruary 2020

What Do You Like About Working There?

Fast pace, friendly co-workers, positive feedback

What DON'T You Like About Working There?

Little room for advancement, becoming bored after 5 years

What Are Your Favorite Benefits/Perks?

Ability to work remotely
Zippia Official Logo

3.0

Zippia UserJanuary 2020

3.0

Zippia Official LogoZippia UserJanuary 2020

What Do You Like About Working There?

Work life balance is fully up to you. Job relatively straight forward, nothing too complicated.

What DON'T You Like About Working There?

Very sales oriented and repetitive. Not much change in the day to day work.
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The Team At Northwestern Mutual

Key People
  • John Schlifske (ceo)

Northwestern Mutual Company Rankings

Northwestern Mutual is ranked #62 on the Best Finance Companies to Work For in America list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

Read more about how we rank companies.

Northwestern Mutual Salaries

How much does Northwestern Mutual pay?
The national average salary for a Northwestern Mutual employee in the United States is $38,919 per year. Employees in the top 10 percent can make over $80,000 per year, while employees at the bottom 10 percent earn less than $18,000 per year.
9.7
Salary Score
Average Employee Earnings

Northwestern Mutual Salaries By Job Title

While the average employee salary at Northwestern Mutual is $38,919, there is a big variation in pay depending on the role. Some of the positions that earn high wages at Northwestern Mutual include wealth management advisor, development director, recruitment director, and operations manager. A typical wealth management advisor salary at Northwestern Mutual is $136,443 per year. Some of the other roles at Northwestern Mutual are receptionist and finance representative. A worker with the title receptionist at Northwestern Mutual earns an average salary of $26,020 per year.
Job Title
Title
ascdesc
Average Salarydesc
Wealth Management Advisor
Salary Range111k - 166k$136k$136,443
Development Director
Salary Range113k - 132k$123k$122,847
Recruitment Director
Salary Range92k - 131k$110k$110,323
Operations Manager
Salary Range72k - 145k$103k$103,113
Senior Engineer
Salary Range88k - 115k$101k$101,135
Java Developer
Salary Range80k - 112k$95k$95,410
Employee Benefits Specialist
Salary Range68k - 88k$78k$77,860
Executive Assistant
Salary Range65k - 86k$76k$75,620
Recruiter
Salary Range58k - 81k$69k$68,932
Insurance Agent
Salary Range60k - 75k$68k$67,639
$23k
$166k

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Northwestern Mutual Careers

On average, employees at Northwestern Mutual stay with the company for 2.8 years. Employees most commonly join Northwestern Mutual after leaving Northwestern Life Insurance Co.. When they leave Northwestern Mutual, they most frequently get their next job at Wells Fargo.

Average Length of Employment

MetLife
5.1 years

Top Employers Before Northwestern Mutual

Top Employers After Northwestern Mutual

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Northwestern Mutual Employee Demographics

9.5
Diversity Score
We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce.

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Northwestern Mutual Employees Education

Of the 7,500 employees at Northwestern Mutual, 9.9% attended Florida State University. Employees at Northwestern Mutual most frequently majored in Business, and most employees’ highest level of education is a Bachelors.

Do you Work At Northwestern Mutual?

Help us make this company more transparent.

Northwestern Mutual Employee Political Affiliation

Northwestern Mutual employees are most likely to be members of the Republican Party. The largest donation made to a political party by a Northwestern Mutual employee was by John Qualy. John Qualy donated $61,450 to the Republican Party.

Employee Political Donations

NameascdescJob TitleascdescPartyascdescDonationascdesc
John QualyFinance Representative
Finance Representative
Republican Party
$61,450Republican Party
John SchlifskeChief Executive Officer
Chief Executive Officer
Republican Party
$57,495Republican Party
James WhistlerWealth Management Advisor
Wealth Management Advisor
Democratic Party
$47,750Democratic Party
David McAvoyManaging Partner
Managing Partner
Republican Party
$45,400Republican Party
Michael CondreyManaging Partner
Managing Partner
Republican Party
$32,605Republican Party
David EllisonWealth Management Advisor
Wealth Management Advisor
Republican Party
$30,500Republican Party
Scott IodiceManaging Partner
Managing Partner
Democratic Party
$28,700Democratic Party
Gerard HempsteadManaging Partner
Managing Partner
Republican Party
$25,550Republican Party
Ruble HordFinance Representative
Finance Representative
Republican Party
$24,309Republican Party
Kathy QualyInsurance Agent
Insurance Agent
Republican Party
$20,800Republican Party
Show More

Northwestern Mutual Employment Videos

Northwestern Mutual Financial Performance

9.8
Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Revenue

> $1B

Founded in

1857

Organization type

Private

How Would You Rate The Company Culture Of Northwestern Mutual?

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Northwestern Mutual Competitors

Based on our research, similar companies to Northwestern Mutual are Morgan Stanley, Ameriprise Financial, and Raymond James. The wages at Morgan Stanley average higher than the other similar companies, where the median salary is $105,676 per year. The salaries at Ameriprise Financial average $84,806 per year, and the salaries at Raymond James come in at $82,378 per year.
Companydesc
Average Salarydesc
Morgan Stanley
Salary Range78k - 141k$106k$105,676
Ameriprise Financial
Salary Range59k - 120k$85k$84,806
Raymond James
Salary Range59k - 114k$82k$82,378
TD Ameritrade
Salary Range60k - 111k$82k$82,181
Thrivent Financial
Salary Range53k - 103k$74k$74,441
American International Group
Salary Range49k - 95k$68k$68,329
Waddell & Reed Financial Services
Salary Range46k - 100k$68k$67,959

Axa Advisors

Salary Range45k - 99k$67k$66,861
Lincoln National
Salary Range47k - 93k$67k$66,802
First American Financial
Salary Range44k - 87k$62k$62,386
$26k
$141k

Frequently Asked Questions about Northwestern Mutual

When was Northwestern Mutual founded?

Northwestern Mutual was founded in 1857.

How many Employees does Northwestern Mutual have?

Northwestern Mutual has 7,500 employees.

How much money does Northwestern Mutual make?

Northwestern Mutual generates $28.2B in revenue.

What industry is Northwestern Mutual in?

Northwestern Mutual is in the financial services industry.

What is Northwestern Mutual's mission?

Northwestern Mutual's mission statement is "To deal with policy issues and consumer behavior yet some companies like Northwestern Mutual life retain their original course of actions with clear mission and core values to provide exceptional service to their consumers."

What type of company is Northwestern Mutual?

Northwestern Mutual is a private company.

Who are Northwestern Mutual's competitors?

Northwestern Mutual competitors include MetLife, Lincoln National, Massachusetts Mutual Life Insurance ..., Foresters Financial Holding Company, Ameriprise Financial, American Financial Group, Northwestern Life Insurance Co., Raymond James, Waddell & Reed Financial Services, Axa Advisors, Mutual of Omaha, Morgan Stanley, Unum, American International Group, Thrivent Financial, KeyBank, The PNC Financial Services Group, TD Ameritrade, First American Financial, Wells Fargo.

Who works at Northwestern Mutual?

John Schlifske (ceo)

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Updated October 6, 2021

Zippia gives an in-depth look into the details of Northwestern Mutual, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Northwestern Mutual. The employee data is based on information from people who have self-reported their past or current employments at Northwestern Mutual. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions, or for the results obtained from the use of this information. The data presented on this page does not represent the view of Northwestern Mutual and its employees or that of Zippia.

Northwestern Mutual may also be known as or be related to Northwestern Mutual, Northwestern Mutual Life Ins and The Northwestern Mutual Life Insurance Company.