Northwestern Mutual Overview

Northwestern Mutual has been helping people and businesses achieve financial security for more than 160 years. Through a holistic planning approach, Northwestern Mutual combines the expertise of its financial professionals with a personalized digital experience and industry-leading products to help its clients plan for what's most important. Northwestern Mutual delivers financial security to millions with life, disability income and long-term care insurance, annuities, and brokerage and advisory services. The company manages billion of dollars of investments owned by its clients and held or managed through its wealth management and investment services businesses. Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company (NM), Milwaukee, WI (life and disability insurance, annuities, and life insurance with long-term care benefits) and its subsidiaries. Subsidiaries include Northwestern Mutual Investment Services, LLC (NMIS) (securities), broker-dealer, registered investment adviser, member FINRA and SIPC; the Northwestern Mutual Wealth Management Company (NMWMC) (fiduciary and fee-based financial planning services), federal savings bank; and Northwestern Long Term Care Insurance Company (NLTC) (long-term care insurance).
The staff at Northwestern Mutual come from unusually diverse demographic backgrounds. The company is 37.6% female and 36.1% ethnic minorities. Despite its diversity in other areas, Northwestern Mutual employees are noticeably lacking in political diversity. It has an unusually high proportion of employees who are members of the Republican Party, at 69.0%. Employees seem to enjoy working in an otherwise diverse workplace that is dominated by members of the Republican Party. Northwestern Mutual has great employee retention with staff members usually staying with the company for 3.1 years. The average employee at Northwestern Mutual makes $49,484 per year. Pay at Northwestern Mutual is significantly lower than some of its highest paying competitors, like Morgan Stanley, MassMutual, and Edward Jones, which pay $103,933, $68,354, and $67,600, respectively.
Based in Milwaukee, WI, Northwestern Mutual is a key player in the finance industry with 6,701 employees and an annual revenue of $31.1B.

The Organization’s Mission

To improve the lives of children and families in need through financial support and volunteerism to build stronger communities.

Northwestern Mutual 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 E. Schlifske

Juan C. Zarate

Nicholas E. Brathwaite

Northwestern Mutual Company Rankings

Northwestern Mutual is ranked #83 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

9.6
Salary Score
The national average salary for a Northwestern Mutual employee in the United States is $49,484 per year. Employees in the top 10 percent can make over $86,000 per year, while employees at the bottom 10 percent earn less than $28,000 per year.
Average Northwestern Mutual Salary
$49,484
yearly
$23.79 hourly
Updated November 18, 2022
$28,000
10 %
$49,000
Median
$86,000
90 %
Average Employee Earnings

Highest Paying Jobs At Northwestern Mutual

Northwestern Mutual Demographics Summary

9.6
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.

Northwestern Mutual Gender Distribution

Male
Male
62%
Female
Female
38%

Research Summary. Using a database of 30 million profiles, Zippia estimates demographics and statistics for Northwestern Mutual. Our estimates are verified against BLS, Census, and current job openings data for accuracy. After extensive research and analysis, Zippia's data science team found that:

  • Northwestern Mutual has 6,701 employees.

  • 38% of Northwestern Mutual employees are women, while 62% are men.

  • The most common ethnicity at Northwestern Mutual is White (64%).

  • 14% of Northwestern Mutual employees are Hispanic or Latino.

  • 10% of Northwestern Mutual employees are Black or African American.

  • The average employee at Northwestern Mutual makes $49,484 per year.

  • Northwestern Mutual employees are most likely to be members of the republican party.

  • On average, employees at Northwestern Mutual stay with the company for 3.1 years.

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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 $62,150 to the Republican Party.

Northwestern Mutual

Parties

Republican Party

69.3 %
-

Democratic Party

30.1 %
-

Independent

0.4 %
-

Other

0.1 %
-
Employee Political Donations
NameJob TitlePartyDonation
John QualyFinance RepresentativeRepublican Party$62,150
John SchlifskeChief Executive OfficerRepublican Party$57,495
David McAvoyManaging PartnerRepublican Party$40,200
James WhistlerWealth Management AdvisorDemocratic Party$36,750
Michael CondreyManaging PartnerRepublican Party$30,855
David EllisonWealth Management AdvisorRepublican Party$30,500
Scott IodiceManaging PartnerDemocratic Party$28,700
Gerard HempsteadManaging PartnerRepublican Party$25,050
Ruble HordFinance RepresentativeRepublican Party$23,809
Kathy QualyInsurance AgentRepublican Party$20,800
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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.

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Northwestern Mutual Competitors

Based on our research, similar companies to Northwestern Mutual are Morgan Stanley, MassMutual, and Edward Jones. The wages at Morgan Stanley average higher than the other similar companies, where the median salary is $103,933 per year. The salaries at MassMutual average $68,354 per year, and the salaries at Edward Jones come in at $67,600 per year.
Companydesc
Average Salarydesc
Morgan Stanley
Salary Range77k - 138k$104k$103,933
MassMutual
Salary Range51k - 90k$68k$68,354
Edward Jones
Salary Range52k - 86k$68k$67,600
New England Financial
Salary Range42k - 91k$62k$62,475
Thrivent
Salary Range45k - 78k$60k$59,973
Prudential Financial
Salary Range43k - 82k$60k$59,696
Ameriprise Financial
Salary Range41k - 78k$57k$56,770
Lincoln Financial Group
Salary Range39k - 78k$55k$55,311
MetLife
Salary Range38k - 72k$52k$52,477

Foresters Financial

Salary Range31k - 59k$43k$42,944
$31k
$138k

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 6,701 employees.

How much money does Northwestern Mutual make?

Northwestern Mutual generates $31.1B 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 improve the lives of children and families in need through financial support and volunteerism to build stronger communities."

What type of company is Northwestern Mutual?

Northwestern Mutual is a private company.

Who are Northwestern Mutual's competitors?

Northwestern Mutual competitors include MassMutual, MetLife, Lincoln Financial Group, Thrivent, Foresters Financial, Ameriprise Financial, New England Financial, Morgan Stanley, Edward Jones, Prudential Financial.

Who works at Northwestern Mutual?

John E. Schlifske (Chairman, President and Chief Executive Officer)

Juan C. Zarate (Board Member)

Nicholas E. Brathwaite (Board Member)

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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. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. 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. None of the information on this page has been provided or approved by Northwestern Mutual. 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 Investment Services, LLC, Northwestern Mutual Life Ins, Northwestern Mutual Life Insurance and Northwestern Mutual Life Insurance Company.