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Principal Financial Group Overview

The Principal Financial Group is a global financial investment management and insurance company headquartered in Des Moines, Iowa.
The staff at Principal Financial Group come from unusually diverse demographic backgrounds. The company is 52.9% female and 32.1% ethnic minorities. Principal Financial Group employees are slightly more likely to be members of the Republican Party than the Democratic Party, with 59.0% of employees identifying as members of the Republican Party. Despite their political differences, employees at Principal Financial Group seem to be happy. The company has great employee retention with staff members usually staying for 4.9 years. The average employee at Principal Financial Group makes $70,186 per year, which is competitive for its industry and location. Some of its highest paying competitors, Dell, Chesapeake Energy, and Lincoln National, pay $94,717, $74,244, and $66,802, respectively.
Principal Financial Group is an industry leader with 14,854 employees and an annual revenue of $12.6B that is headquartered in Des Moines, IA.

The Organization’s Mission

To help growing businesses, individuals and institutional clients achieve financial security and success, resulting in excellent shareholder value.

Industry

Insurance, Financial Services

Revenue

$12.6B

Employees

14,854

Founded in

1879

Headquarters

Des Moines, IA

Website

principal.com

Organization Type

Public

Is This Your Company?

The Team At Principal Financial Group

Key People
  • Daniel Houston (ceo)

The Culture At Principal Financial Group

Information provided by the company
Many years ago, we made the commitment to use technology to inspire solutions that help us achieve our ultimate goal - "To help people live their best lives". That's real impact to real people.
You'll get a chance to network at social events and volunteer in the community with peers and team members. From its miles of trails and lakes, local wineries and breweries, to world-class music, theater and a thriving foodie scene, Des Moines offers big-city perks with small-town charm.
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Diversity, inclusion and empowerment are at the core of our culture.. A career, not just a job. Principal is a place where you can learn and innovate.
We help people build the kinds of lives they dream about-empowered by financial security and stability.
And we'd love to have you help us do that this summer.
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Principal Financial Group Reviews

Zippia Official Logo

5.0

Zippia UserApril 2021

5.0

Zippia Official LogoZippia UserApril 2021

What Do You Like About Working There?

The company was a great company that cared a lot about its workers. Show More

What DON'T You Like About Working There?

The job I was doing was something that I couldn't see myself doing for more than a year. Show More

What Are Your Favorite Benefits/Perks?

I was a contractor so I did not have any perks but they would bring in a lot of food every week for team meals. Show More
Zippia Official Logo

4.0

Zippia UserJune 2019

4.0

Zippia Official LogoZippia UserJune 2019

What Do You Like About Working There?

It was a nice culture and environment to work in. Show More

What DON'T You Like About Working There?

Post internship job review did not properly reflect my accomplishments. Show More

What Are Your Favorite Benefits/Perks?

They had free gym access. Show More
Anonymous review of Principal Financial Group

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Principal Financial Group Rankings

Principal Financial Group is ranked #18 on the Best Companies to Work For in Iowa 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.

Principal Financial Group Salaries

How much does Principal Financial Group pay?
The national average salary for a Principal Financial Group employee in the United States is $70,186 per year. Employees in the top 10 percent can make over $130,000 per year, while employees at the bottom 10 percent earn less than $37,000 per year.
8.2
Salary Score
Average Employee Earnings

Principal Financial Group Salaries By Job Title

While the average employee salary at Principal Financial Group is $70,186, there is a big variation in pay depending on the role. The higher paying positions at Principal Financial Group include investment advisor, finance advisor, ios developer, and assistant manager. A typical investment advisor salary at Principal Financial Group is $161,450. Some of the other roles at Principal Financial Group are claim processor and cashier. A worker with the title claim processor at Principal Financial Group earns an average salary of $25,653 per year.
Job Title
Title
ascdesc
Average Salarydesc
Investment Advisor
Salary Range127k - 203k$161k$161,450
Finance Advisor
Salary Range107k - 169k$135k$134,714
IOS Developer
Salary Range118k - 142k$130k$129,783
Assistant Manager
Salary Range105k - 130k$117k$117,349
Team Leader
Salary Range100k - 137k$117k$117,299
Application Software Developer
Salary Range99k - 129k$113k$113,217
Computer Software Engineer
Salary Range97k - 123k$110k$109,960
Computer Systems Analyst
Salary Range94k - 124k$108k$108,281
Database Administrator
Salary Range94k - 119k$106k$106,383
Information Technology Project Manager
Salary Range88k - 126k$106k$106,257
$57k
$203k

Principal Financial Group Careers

On average, employees at Principal Financial Group stay with the company for 4.9 years. Employees most commonly join Principal Financial Group after leaving Wells Fargo. When they leave Principal Financial Group, they most frequently get their next job at Wells Fargo.

Average Length of Employment

MetLife
5.1 years

Top Employers Before Principal Financial Group

MetLife
6.1 %

Top Employers After Principal Financial Group

Principal Financial Group Employee Demographics

9.8
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.

Principal Financial Group Employees Education

Of the 14,854 employees at Principal Financial Group, 25.2% attended University of Iowa. Employees at Principal Financial Group most frequently majored in Business, and most employees’ highest level of education is a Bachelors.

Do you Work At Principal Financial Group?

Help us make this company more transparent.

Principal Financial Group Employee Political Affiliation

Principal Financial Group employees are most likely to be members of the Republican Party. The largest donation made to a political party by a Principal Financial Group employee was by Salvatore Mincone. Salvatore Mincone donated $57,900 to the Democratic Party.

Employee Political Donations

NameascdescJob TitleascdescPartyascdescDonationascdesc
Salvatore MinconePrincipal
Salvatore Mincone
Principal
Principal
Democratic Party
Democratic Party
$57,900Democratic Party
$57,900
Larry ZimplemanActuary
Larry Zimpleman
Actuary
Actuary
Democratic Party
Democratic Party
$28,350Democratic Party
$28,350
Daniel BarryFinance Advisor
Daniel Barry
Finance Advisor
Finance Advisor
Republican Party
Republican Party
$26,050Republican Party
$26,050
Michael MerolaWinning Strategies
Michael Merola
Winning Strategies
Winning Strategies
Democratic Party
Democratic Party
$16,900Democratic Party
$16,900
Michael HalperinParty Rental Ltd.
Michael Halperin
Party Rental Ltd.
Party Rental Ltd.
Democratic Party
Democratic Party
$10,000Democratic Party
$10,000
Arlene HalperinParty Rental Ltd.
Arlene Halperin
Party Rental Ltd.
Party Rental Ltd.
Democratic Party
Democratic Party
$10,000Democratic Party
$10,000
Akio BieyFinance Advisor
Akio Biey
Finance Advisor
Finance Advisor
Democratic Party
Democratic Party
$10,000Democratic Party
$10,000
Lucia RiddleVice President
Lucia Riddle
Vice President
Vice President
Democratic Party
Democratic Party
$9,500Democratic Party
$9,500
Patti BlumerGovernment Relations
Patti Blumer
Government Relations
Government Relations
Democratic Party
Democratic Party
$9,050Democratic Party
$9,050
Barbara WorleyHomemaker
Barbara Worley
Homemaker
Homemaker
Republican Party
Republican Party
$8,000Republican Party
$8,000
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Principal Financial Group Employment Videos

Principal Financial Group 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

1879

Organization type

Public

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Principal Financial Group Competitors

Based on our research, similar companies to Principal Financial Group are Dell, Chesapeake Energy, and Lincoln National. Employees at Dell earn more than most of the competition, with an average yearly salary of $94,717. The employees at Chesapeake Energy earn an average yearly salary of $74,244 per year, and the salaries at Lincoln National average $66,802 per year.
Companydesc
Average Salarydesc
Dell
Salary Range74k - 119k$95k$94,717

Chesapeake Energy

Salary Range56k - 96k$74k$74,244
Lincoln National
Salary Range47k - 93k$67k$66,802
Prudential Financial
Salary Range44k - 91k$64k$64,013
Massachusetts Mutual Life Insurance ...
Salary Range43k - 88k$62k$61,825
Discovery
Salary Range39k - 83k$57k$57,195
USAA
Salary Range41k - 76k$56k$56,125
MetLife
Salary Range39k - 78k$55k$55,409
Entergy
Salary Range39k - 73k$54k$53,683
News
Salary Range36k - 76k$53k$52,932
$26k
$119k

Frequently Asked Questions about Principal Financial Group

When was Principal Financial Group founded?

Principal Financial Group was founded in 1879.

How many Employees does Principal Financial Group have?

Principal Financial Group has 14,854 employees.

How much money does Principal Financial Group make?

Principal Financial Group generates $12.6B in revenue.

What industry is Principal Financial Group in?

Principal Financial Group is in the insurance, financial services industry.

What is Principal Financial Group's mission?

Principal Financial Group's mission statement is "To help growing businesses, individuals and institutional clients achieve financial security and success, resulting in excellent shareholder value."

What type of company is Principal Financial Group?

Principal Financial Group is a public company.

Who are Principal Financial Group's competitors?

Principal Financial Group competitors include Prudential Financial, Lincoln National, MetLife, Massachusetts Mutual Life Insurance ..., Mutual of Omaha, Wells Fargo, Aetna, Humana, USAA, CHS, Discovery, UGI, Fidelity National Financial, General Dynamics, Dell, Chesapeake Energy, Anixter, Entergy, Avis Budget Group, News.

Who works at Principal Financial Group?

Daniel Houston (ceo)

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Updated December 31, 2020

Zippia gives an in-depth look into the details of Principal Financial Group, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Principal Financial Group. The employee data is based on information from people who have self-reported their past or current employments at Principal Financial Group. 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 Principal Financial Group and its employees or that of Zippia.

Principal Financial Group may also be known as or be related to PRINCIPAL FINANCIAL GROUP INC, Principal, Principal Financial Group, Principal Financial Group Inc and Principal Financial Group, Inc.