Updated August 22, 2022

Average Northwestern Mutual Salary


$23.79 hourly

Entry level Salary
$28,000 yearly
10 %
90 %

How Much Does Northwestern Mutual Pay?

Northwestern Mutual pays an average salary of $49,484 per year, or $23.79 an hour. However, there's a significant range between what the company pays the top 10 percent and the bottom 10 percent of earners. Northwestern Mutual pays the highest-paid employees over $86,000 a year, while the lowest-paid employees are paid less than $28,000. Northwestern Mutual employees in different jobs earn different salaries. In engineering jobs, employees earn an average salary of $109,897. In it jobs, the average pay is $79,338. Geographic location can impact the pay for employees at Northwestern Mutual as well. Based on our data, Northwestern Mutual employees in New York, NY and Boston, MA get paid the most.

Highest Paying Jobs At Northwestern Mutual

While Northwestern Mutual employees earn an average yearly salary of $49,484, different roles can command different wages. Some of the positions that earn high wages at Northwestern Mutual include development director, senior software engineer, senior engineer, and wealth management advisor. A typical development director salary at Northwestern Mutual is $141,530 per year. To get a better sense of the salaries at Northwestern Mutual, other roles such as marketing internship and receptionist can be considered as well. For comparison, the title marketing internship at Northwestern Mutual earns $34,499 per year.

Highest Paying Jobs At Northwestern Mutual

RankJob TitleAverage Northwestern Mutual SalaryHourly Rate
1Development Director$141,530$68.04
2Senior Software Engineer$118,271$56.86
3Senior Engineer$116,255$55.89
4Wealth Management Advisor$101,271$48.69
5Sales Professional$96,342$46.32
6Operations Manager$95,003$45.67
7Recruitment Director$75,026$36.07
9Insurance Agent$65,078$31.29
10Executive Assistant$64,084$30.81
11Sales Representative$62,929$30.25
12Office Manager$56,538$27.18
13Recruiting Coordinator$48,721$23.42
14Finance Representative$45,252$21.76
15Finance Internship$44,523$21.41
16Administrative Assistant$40,701$19.57
18Marketing Internship$34,499$16.59

Highest Paying Northwestern Mutual Competitor Salaries

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.

Salaries By Northwestern Mutual Competitors

RankCompany NameZippia ScoreAverage Salary
1Morgan Stanley4.9$103,933
3Edward Jones4.9$67,600
4New England Financial3.8$62,475
6Prudential Financial4.8$59,696
7Ameriprise Financial4.7$56,770
8Lincoln Financial Group4.6$55,311
10Foresters Financial4.6$42,944

Average Pay By State For Northwestern Mutual

RankStateAverage Northwestern Mutual SalaryHourly Rate
1New York$78,492$37.74
2New Hampshire$64,535$31.03
3Rhode Island$62,024$29.82
4North Carolina$60,710$29.19
6District of Columbia$60,634$29.15
12New Jersey$56,014$26.93
13West Virginia$55,787$26.82
20South Carolina$53,726$25.83

How Much Does Northwestern Mutual Pay By Location?

Cost of living can vary dramatically depending on the part of the country you're in. At Northwestern Mutual, the employees are paid different salaries depending on their location. The city that stands out for having the highest pay is New York, NY, where Northwestern Mutual pays its workers an average salary of $78,864. In Boston, MA, Northwestern Mutual pays a lower average salary of $60,690.

Salaries By Location At Northwestern Mutual

RankLocationAverage Northwestern Mutual SalaryHourly Rate
1New York, NY$78,864$37.92
2Boston, MA$60,690$29.18
3Shelton, CT$59,910$28.80
4Exton, PA$59,339$28.53
5Asheville, NC$58,309$28.03
6Frederick, MD$57,984$27.88
7Newport News, VA$57,960$27.87
8Houston, TX$56,347$27.09
9Aurora, IL$56,214$27.03
10Boca Raton, FL$55,983$26.91
11Jersey City, NJ$55,901$26.88
12Hopkins, MN$55,732$26.79
13Overland Park, KS$54,716$26.31
14Atlanta, GA$54,665$26.28
15Columbus, OH$52,994$25.48
16Milwaukee, WI$52,328$25.16
17Baton Rouge, LA$49,018$23.57
18Los Angeles, CA$48,826$23.47
19Highlands Ranch, CO$47,910$23.03
20Phoenix, AZ$45,126$21.70

Northwestern Mutual Salaries By Department

Workers at Northwestern Mutual earn different salaries depending on the department or organizational function that they work in. For example, workers in the engineering function earn the highest salaries at Northwestern Mutual, with average earnings of $109,897. The second-highest paying department is it, where employees earn an average salary of $79,338 per year. Departments that don't pay as well at Northwestern Mutual include the administrative and finance organizational functions, with employees earning $46,338 and $46,532, respectively.

Salaries By Department At Northwestern Mutual

RankDepartmentAverage Northwestern Mutual SalaryHourly Rate
3Human Resources$61,922$29.77
6Customer Service$52,000$25.00

How Much Does Northwestern Mutual Pay by Department?

Best Paying Northwestern Mutual Finance Position Salaries

RankPositionAverage Northwestern Mutual SalaryHourly Rate
1Finance Representative$45,252$21.76
2Finance Internship$44,523$21.41

Best Paying Northwestern Mutual Administrative Position Salaries

RankPositionAverage Northwestern Mutual SalaryHourly Rate
1Internship Director$76,876$36.96
2Executive Assistant$64,084$30.81
3Team Coordinator$58,783$28.26
5Office Manager$56,538$27.18
6Data Entry Associate$56,224$27.03
8Administrative Internship$43,739$21.03
9Office Administrator$41,484$19.94
10Administrative Assistant$40,701$19.57
11Registration Coordinator$37,394$17.98
12File Clerk$36,051$17.33
14Work Study Student$27,803$13.37

Best Paying Northwestern Mutual Engineering Position Salaries

RankPositionAverage Northwestern Mutual SalaryHourly Rate
1Software Engineering Manager$132,236$63.58
2Director Technical Development$121,421$58.38
3Senior Software Engineer$118,271$56.86
4Senior Engineer$116,255$55.89
5Technical Team Lead$115,026$55.30
6Information Architect$113,117$54.38
7Project Leader$112,832$54.25
8Test Engineering Manager$109,280$52.54
9Data Scientist$108,518$52.17
10Database Administrator DB2$107,048$51.47
11SQL Database Administrator$106,990$51.44
12ETL Lead$105,256$50.60
13Mainframe Developer$104,685$50.33
14Java Developer$101,831$48.96
15Applications Development Specialist$100,188$48.17
17Test Analyst$71,563$34.41
18Data Analyst$62,814$30.20

Recently Added Northwestern Mutual Salaries

JobLocationDate AddedSalary
Financial AdvisorSanta Monica, CA07/22/2022$120,000
Campus RecruiterBoise, ID07/20/2022$50,000
Financial AdvisorAurora, IL07/18/2022$75,000
Life Insurance AgentFrederick, MD07/18/2022$60,000
Appointment SchedulerElgin, IL07/16/2022$12,000

Frequently Asked Questions About Northwestern Mutual Salaries

Is The Pay Good At Northwestern Mutual?

No, the pay is not good at Northwestern Mutual. Compared to the industry average of $62,953 per year, the average annual salary at Northwestern Mutual is $49,484, which is 21.40% lower.

What Is The Starting Pay At Northwestern Mutual?

The starting pay at Northwestern Mutual is $28,000 per year, or $13.46 per hour.

How Much Does Northwestern Mutual Pay Compared To Massmutual?

Northwestern Mutual pays $49,484 per year on average compared to MassMutual which pays $68,354. That works out to $23.79 per hour at Northwestern Mutual, compared to $32.86 per hour at MassMutual.

How Much Does Northwestern Mutual Pay An Hour?

Northwestern Mutual pays $23.79 an hour, on average.

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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.