Northwestern Mutual Overview

Industry
Financial Services
Revenue
Headquarters
Employees
6,701
Founded In
Website
Organization Type
Private
Social Media

Northwestern Mutual is a finance company focusing on financial security, insurance, and wealth management. Founded over 160 years ago, it provides a holistic planning approach that combines personalized digital experiences and industry-leading products to help clients plan for what matters most. Northwestern Mutual provides millions of clients with life, disability income, long-term care insurance, annuities, brokerage, and advisory services. The company manages billions of dollars of investments owned by its clients and held or managed through its wealth management and investment services businesses.

Headquartered in Milwaukee, Wisconsin, Northwestern Mutual is led by CEO John E. Schlifske. The company is a key player in the finance industry with 6,701 employees and an annual revenue of $31.1 billion. With a diverse workforce of 37.6% female and 36.1% ethnic minorities, Northwestern Mutual has a strong employee retention rate, with staff members staying for an average of 3.1 years. However, it is worth noting that the company has a noticeable lack of political diversity among employees.

Northwestern Mutual's Mission Statement

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

Zippi Waving Small

In demand companies are hiring!

Let us apply for you!

3.7/5

Northwestern Mutual employee reviews

Based on 22 ratings

Do you work at Northwestern Mutual?

Help job seekers learn about working at Northwestern Mutual

Job openings at Northwestern Mutual
904 Positions
Average salary at Northwestern Mutual
$49,484 yearly

On This Page

Northwestern Mutual employee reviews

Northwestern Mutual employee reviews
3.7/5

Based On 22 Ratings

Work At Northwestern Mutual? Share your experience.
Employee Reviews
profile
5.0
A zippia user wrote a review on Aug 2024
Pros of working at Northwestern Mutual

Great product and opportunity

Cons of working at Northwestern Mutual

It's a difficult business to develop in early years

Northwestern Mutual Benefits

Getting paid

What do you like best about Northwestern Mutual's CEO and the leadership team?

The focus on customers

How would you improve Northwestern Mutual's culture?

Continue focus on customer and keep the mutuality of products

Is this useful?
profile
A zippia user wrote a review on Jul 2024
Pros of working at Northwestern Mutual

Educational, professional and motivational environment

Cons of working at Northwestern Mutual

Individualistic work.

Northwestern Mutual Benefits

Financial cover for certifications.

Is this useful?
profile
3.0
A zippia user wrote a review on Nov 2023
Pros of working at Northwestern Mutual

the freedom to make my own schedule.

Cons of working at Northwestern Mutual

No salary

Northwestern Mutual Benefits

ability to earn uncapped commission

Is this useful?
profile
4.0
A zippia user wrote a review on Jun 2023
Pros of working at Northwestern Mutual

It was a very positive working environment with great benefits. Management was very supportive and I wish I was still working there.

Cons of working at Northwestern Mutual

HR challenges with a disability I had.

Northwestern Mutual Benefits

Benefits and the best lunch!

Is this useful?
profile
4.0
A zippia user wrote a review on Apr 2023
Pros of working at Northwestern Mutual

I loved how fast-paced it was.

Cons of working at Northwestern Mutual

It was very result-oriented and thats what the managers cared about.

Northwestern Mutual Benefits

My favorite part of the business was the commission structure.

Is this useful?
profile
4.0
A zippia user wrote a review on Apr 2023
Pros of working at Northwestern Mutual

Competitive, but patient growth mindset. Great mentoring with great people. Opportunity to help those that are uneducated in finances or less fortunate.

Cons of working at Northwestern Mutual

Not everyone was working towards their personal goals while trying to help customers. Recommended financial plans and insurance plans weren't always in the best interest for the customers.

Northwestern Mutual Benefits

The office was accessible. No one was above anyone, and everyone was typically open and willing to help younger employees that didn't necessarily have the same amount of experience like myself. Training was a huge component and helped many.

Is this useful?
profile
3.0
A zippia user wrote a review on Jul 2021
Pros of working at Northwestern Mutual

self starting. independence.

Cons of working at Northwestern Mutual

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

Northwestern Mutual Benefits

unlimited potential salary

Is this useful?
profile
4.0
A zippia user wrote a review on Jan 2021
Pros of working at Northwestern Mutual

Great mentoring and leadership. Phenomenal training program.

Northwestern Mutual Benefits

Complete autonomy

Is this useful?
profile
1.0
A zippia user wrote a review on May 2020
Pros of working at Northwestern Mutual

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

Cons of working at Northwestern Mutual

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!

Northwestern Mutual Benefits

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.

Is this useful?1 people found this review helpful
profile
3.0
A zippia user wrote a review on Feb 2020
Pros of working at Northwestern Mutual

Fast pace, friendly co-workers, positive feedback

Cons of working at Northwestern Mutual

Little room for advancement, becoming bored after 5 years

Northwestern Mutual Benefits

Ability to work remotely

Is this useful?
Work at Northwestern Mutual? Share your experience

The team at Northwestern Mutual

  • The founders of Northwestern Mutual are Juan C. Zarate and Nicholas E. Brathwaite.
  • The key people at Northwestern Mutual are John E. Schlifske, Juan C. Zarate and Nicholas E. Brathwaite.
Key People
J
John E. Schlifske
J
Juan C. Zarate
N
Nicholas E. Brathwaite

Northwestern Mutual Rankings

Northwestern Mutual is ranked #96 on the Best Fortune 500 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 average a Northwestern Mutual salary in the United States is $49,484 per year. Northwestern Mutual employees in the top 10 percent can make over $86,000 per year, while Northwestern Mutual employees at the bottom 10 percent earn less than $28,000 per year.
Average Northwestern Mutual Salary
$49,484
yearly
$23.79 hourly
Updated March 14, 2024

And if you're looking for a job, here are the top jobs Northwestern Mutual is hiring right now:

  1. Development Director
  2. Senior Software Engineer
  3. Senior Engineer
  4. Wealth Management Advisor
  5. Sales Professional

Evaluate Northwestern Mutual's commitment to diversity and inclusion.

Zippia waving zebra

Northwestern Mutual diversity

9.6
Diversity Score
We calculated Northwestern Mutual’s diversity score by measuring multiple factors, including the ethnic background, gender identity, and language skills of Northwestern Mutual’s workforce.
Northwestern Mutual diversity summary. Zippia estimates Northwestern Mutual's demographics and statistics using a database of 30 million profiles. Zippia verifies estimates with BLS, Census, and current job openings data for accuracy. We calculated Northwestern Mutual's diversity score by measuring multiple factors, including the ethnic background, gender identity, and language skills of Northwestern Mutual's workforce.
  • 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.
  • Employees at Northwestern Mutual stay with the company for 3.1 years on average.
N

Do you work at Northwestern Mutual?

Is Northwestern Mutual's workforce diverse and inclusive?

Northwestern Mutual Office Locations

Northwestern Mutual is headquartered in Milwaukee, WI

Biggest Northwestern Mutual Locations

Videos About Working At Northwestern Mutual

Northwestern Mutual Financial Performance

9.8
Performance Score

Highest paying Northwestern Mutual competitors

Compare Northwestern Mutual salaries to competitors, including Morgan Stanley, MassMutual, and Edward Jones. Employees at Morgan Stanley earn the highest average yearly salary of $103,933. The salaries at MassMutual average $68,354 per year, and the salaries at Edward Jones come in at $67,600 per year.

Are You An Executive, HR Leader, Or Brand Manager At Northwestern Mutual?

Claiming and updating your company profile on Zippia is free and easy.

Northwestern Mutual FAQs

Search for jobs

Loading...

Most Common Locations At Northwestern Mutual

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.