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 35.6% 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 71.9%. 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 1.7 years. The average employee at Northwestern Mutual makes $51,283 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 $119,629, $88,421, and $84,618, respectively.
Based in Milwaukee, Wisconsin, Northwestern Mutual is a key player in the finance industry with 7,500 employees and an annual revenue of $28.2B.

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?

The team at Northwestern Mutual

Key People
  • John Schlifske (ceo)
  • Greg Oberland (president)

Northwestern Mutual Reviews

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. Show More

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! Show More

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. Show More
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 Show More

What DON'T You Like About Working There?

Little room for advancement, becoming bored after 5 years Show More

What Are Your Favorite Benefits/Perks?

Ability to work remotely Show More
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. Show More

What DON'T You Like About Working There?

Very sales oriented and repetitive. Not much change in the day to day work. Show More
Zippia Official Logo

4.0

Zippia UserDecember 2019

4.0

Zippia Official LogoZippia UserDecember 2019

What Do You Like About Working There?

I love how diverse Northwestern Mutual is. There are also many opportunities to move up in different areas of the company. Show More

What DON'T You Like About Working There?

I feel that there is sometimes a divide between leadership and the rest of the employees. Show More

What Are Your Favorite Benefits/Perks?

My favorite perk was the free lunch everyday and access to the parking structure. Show More
Zippia Official Logo

3.0

Zippia UserJuly 2019

3.0

Zippia Official LogoZippia UserJuly 2019

What Do You Like About Working There?

Great environment. My mentor, the Network Office Director, is one of the nicest men I have ever met, and I truly enjoyed working with him. I can’t speak to other offices, but the one I was in, was great. Show More

What DON'T You Like About Working There?

The job is sold as a financial advisor role, which is what I ultimately wanted. But, after going through training, I realized my performance would be measured by insurance sales. I can understand them wanting reps to sell insurance, as that is how the company started, but I brought over quite a bit in Assets, and pressure was still applied because I didn’t have enough ‘lives’. I understand how a real financial plan includes risk management, or insurance, but at the end of the day, NM reps, especially those who have been there for less than 3 years, are insurance salesmen. That’s how performance is measured. Show More

What Are Your Favorite Benefits/Perks?

The freedom. I really appreciated being able to make my own schedule. It was tough to give up, but I was so stressed and anxious on a daily basis, it just wasn’t worth it. Show More
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Northwestern Mutual Rankings

Northwestern Mutual is ranked #36 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.

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Northwestern Mutual Salaries

How much does Northwestern Mutual pay?
The national average salary for a Northwestern Mutual employee in the United States is $51,283 per year. Employees in the top 10 percent can make over $89,000 per year, while employees at the bottom 10 percent earn less than $29,000 per year.
9.8
Salary Score
Average Employee Earnings

Northwestern Mutual Salaries By Job Title

While the average employee salary at Northwestern Mutual is $51,283, there is a big variation in pay depending on the role. The higher paying positions at Northwestern Mutual include Development Director, Recruitment Director, Wealth Management Advisor, and Insurance Agent. A worker with the title Development Director salary at Northwestern Mutual can earn an average yearly salary of $91,688. Other roles at Northwestern Mutual include Receptionist and Marketing Internship. A Receptionist at Northwestern Mutual earns an average yearly salary of $27,662.

Northwestern Mutual careers

On average, employees at Northwestern Mutual stay with the company for 1.7 years. Employees most commonly join Northwestern Mutual after leaving Wells Fargo. When they leave Northwestern Mutual, they most frequently get their next job at Wells Fargo.

Average Length of Employment
Wells Fargo2.8 years

Northwestern Mutual

1.7 years
Top Employers Before Northwestern Mutual
US Army7.2 %
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Top Employers After Northwestern Mutual
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Northwestern Mutual Employment Videos

Northwestern Mutual Financial Performance

9.9
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

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Northwestern Mutual Competitors

Some of the competitors of Northwestern Mutual are Morgan Stanley, Ameriprise Financial, and Raymond James. Employees at Morgan Stanley earn more than most of the competition, with an average yearly salary of $119,629. The salaries at Ameriprise Financial average $88,421 per year, and the salaries at Raymond James come in at $84,618 per year.

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 type of company is Northwestern Mutual?

Northwestern Mutual is a private company.

Who are Northwestern Mutual's competitors?

Northwestern Mutual competitors include Wells Fargo, Morgan Stanley, Massachusetts Mutual Life Insurance ..., Mutual of Omaha, Prudential Financial, MetLife, Lincoln National, Principal Financial Group, Ameriprise Financial, OneAmerica Financial Partners, New York Life Insurance Company, Fifth Third Bank, American Express, M&T Bank, SunTrust Banks, KeyBank, World Financial Group, Regions Financial, Raymond James, U.S. Bank.

Who works at Northwestern Mutual?

John Schlifske (ceo)

Greg Oberland (president)

Where is Northwestern Mutual's headquarters?

Northwestern Mutual's headquarters is in Milwaukee, WI.

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You can find out what it is like to work at Northwestern Mutual, also known as Northwestern Mutual, Northwestern Mutual Life Ins and The Northwestern Mutual Life Insurance Company.

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.