Northwestern Mutual Compensation Employee Reviews | Comparably
Northwestern Mutual Claimed Company
Northwestern Mutual has been helping families and businesses achieve financial security for 160 years. read more
EMPLOYEE
PARTICIPANTS
152
TOTAL
RATINGS
1663
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Northwestern Mutual Compensation Employee Reviews

What is the best part about your compensation package?

I am paid for the work I do, not necessarily the work (or lack of) by others at NM.

The pension plan and bonuses. There are multiple bonuses for my job and Northwestern Mutual offers a great pension plan. Our advisors have an unlimited income potential, while Northwestern Mutual compensates staff above market value for our roles.

The annual bonus is always a nice addition to my regular yearly compensation.

Retirement, Health Insurance, Unlimited income potential

Review from Finance Dept

Unlimited growth potential and diverse income streams over time

Review from Finance Dept

Creative and meaningful benefits package

The break down of everything

Review from Admin Dept

yearly opportunity for bonuses based on my performance

My bonus is the best part of my compensation

Retirement consists of two pensions.

the cash balance plan that all employees are eligible for

Review from Admin Dept

Unlimited income for all reps

Review from Sales Dept

the fully funded pension that they provide

Review from Finance Dept

Well, at the rate the company is going, the only benefit I'll have left is a chair to sit in while I'm at the office. NML has gone way down hill in how it treats its employees. Used to be great, now is not even average.

Review from Finance Dept

Unlimited upside and incentivizes an integrated approach to planning.

Review from Sales Dept

Generous commissions and training allowance. Contract equity

Review from Finance Dept

Good Base Salary and a high performance bonus which is always paid 125% or more.

Review from Engineering Dept

The insurance coverage that goes along with it

The pension plan is unbeatable for Representatives

No limits to amount of money you can make

Review from Finance Dept

Why do you feel undervalued and what would make you feel better about your compensation?

Commission only with little training about their products.

It would be nice if every change didn’t make my benefits package worse. We were told that we shouldn’t compare our monetary reward with our competitors, but to look at the whole package. Guess what - we still lag in pay

Review from Finance Dept

Need better salary increases, need to have incentive if you do good work. Its more about your political connections.

Review from IT Dept

The company takes tax breaks from the city while shipping high paying jobs overseas. Greedy company, squeezes unions and pretends to care.

Review from IT Dept

NM has rested on its laurels of job security for too long as a reason for underpaying, if they want top talent, it will cost them.

Review from Engineering Dept

More cash

Review from Engineering Dept

Review Sentiment at Northwestern Mutual

91
91%
9
9%

About Northwestern Mutual's Compensation

B+
74/100

Where This Score Ranks Northwestern Mutual's Compensation

TOP
20%

In the Top 20% of 1310 similar size companies on Comparably

?

Not enough ratings to compare against companies in Milwaukee, WI

5th

5th place versus 5 competitors rated on Comparably

83 employees at Northwestern Mutual score their wages and compensation a B+ on average. As a testament to this, when employees are asked “Do you believe you're paid fairly?”, 66% say Yes. The Admin department is the most satisfied with their compensation, ranking it 100/100, a full 40 pts above the Marketing department.

Rate Compensation the Highest

  • Department - Admin
    +26%
  • Department - Sales
    +19%
  • Ethnicity - Other
    +14%

Rate Compensation the Lowest

  • Tenure - Less than 1 Year
    -25%
  • Tenure - Over 10 Years
    -16%
  • Department - Marketing
    -14%

How Northwestern Mutual's Compensation Score is Calculated

FILTER RATINGS BY

Results from 83 Employees in All Departments, All Genders, All Ethnicities and All Yrs. Experience Experience

AnswerPercent
Yes66%
No34%
Do you believe you're paid fairly?
AnswerPercent
Yes76%
No24%
Are you satisfied with your Benefits?
AnswerPercent
Yes82%
No18%
Does your company give annual bonuses?
AnswerPercent
Every 6 months or less10%
Every year60%
Every 2 years0%
Every 3 years or more0%
Never30%
How often do you get a raise?
×
Rate your company