Principal Financial Group

www.principal.com
Employer Engaged

Principal Financial Group Reviews

Updated 4 March 2015
Updated 4 March 2015
221 Reviews
3.9
221 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Principal Financial Group Chairman, President and Chief Executive Officer Larry D. Zimpleman
Larry D. Zimpleman
138 Ratings

Review Highlights

Pros
  • The pay and benefits are very good, with an excellent work-life balance to boot (in 43 reviews)

  • Great benefits, which is nice because salaries are less than annual averages (in 20 reviews)


Cons
  • Parking is a little ways away since we're located in downtown Des Moines (in 12 reviews)

  • Salary is on the high side of mediocre, other companies will pay more but Principal tries to make up for it with a flexible work environment (in 7 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1. 5 people found this helpful  

    Work life balance and fun

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Associate Consultant
    Former Employee - Associate Consultant

    I worked at Principal Financial Group

    Pros

    1) Nice package atleast 3 years back they were offering irresistable package for 2-5 yrs exp people.Heard that has been changed now.
    2) Great work life balance as very less work pressure
    3) Lots of fun activities, interest groups.Strongly suggest to participate as its the only thing brings you to focus
    4)First in last out to compute your daily hours policy.Trust me you are gonna love this in company like this specially when its near to amanora, seasons
    5)This should top the list-Free cab facility within 50 km range
    6) Relaxed exit process

    Cons

    1)can you spend 8 hours without doing anything meaningful day by day?No right?

    2)I was lucky to be under a cool manger but most of them are not

    3)If you wanna learn google is open there so search and learn .Work is not going to teach you anything meaningful

    4)Award is a joke there.Its there to demotivate the smart people and to encourages the eye candy of the managers

    5)No onsite but you would be made aware of that at the time of joining

    6) Hike is very very less and the vp is almost 15% of your package so to get that you have to KA(decode that)

    7)There is merginal difference in developers and testers salary

    8) You will have a very bad time if you are not good in singing dancing because 10% your VP is there to perform in annual function

    So you want to join this company ask yourself

    -Are you married and less ambitious ?
    -Is IT job is your side income and you have a primary business?
    -You just have 2-3 yrs of exp and looking for a cool 1-2 yrs doing nothing but fun.

    I am not being sarcastic here ,all of us have different priorities.

    Advice to ManagementAdvice

    Please try to bring the quality work as now you have sufficient faith from the onshore

    Recommends
    Neutral Outlook
    No opinion of CEO
  2.  

    Great Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - IT Applications Analyst in Des Moines, IA (US)
    Former Intern - IT Applications Analyst in Des Moines, IA (US)

    I worked at Principal Financial Group as an intern (less than a year)

    Pros

    Principal is a great company that I enjoyed working for.
    They have great benefits and above average pay for the state.
    The corporate management seem to really care about their company.

    Cons

    Don't spend a lot on training.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Good company to work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Representative
    Former Employee - Financial Representative

    I worked at Principal Financial Group

    Pros

    Great environment, very diverse and open to helping if in need

    Cons

    Training isn't great for someone starting in the industry

    Advice to ManagementAdvice

    Better training to a person just starting out to get them going

    Recommends
    Neutral Outlook
    Approves of CEO
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  5.  

    Good company with fun people

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Intern - Applications Developer in Des Moines, IA (US)
    Current Intern - Applications Developer in Des Moines, IA (US)

    I have been working at Principal Financial Group as an intern (less than a year)

    Pros

    Fun people, decent pay, flexible hours

    Cons

    Unfulfilling work that is typically pretty boring

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Real Estate Global Investors Internship

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Principal Financial Group

    Pros

    Employees are very friendly and easy to get along with. Good working environment and decent entry level pay.

    Cons

    Really large company hard to move up ladder to get promoted. In Des Moines and okay pay.

    Recommends
    Positive Outlook
  7. 1 person found this helpful  

    Great benefits.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Investment Analyst
    Current Employee - Investment Analyst

    I have been working at Principal Financial Group

    Pros

    Upper management is strong. Ethics are truly in place at that level

    Cons

    Mid level management is terrible. Most micro manage instead of working as a team to meet goals. Many good jobs have been moved to Pune India and more to follow because they'll work for $2.00 an hour. Very high turnover stateside.

    Advice to ManagementAdvice

    Upper management needs to look into what middle management is doing.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  8. 2 people found this helpful  

    Okay work but zero career growth and very poor management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Associate Consultant in Pune (India)
    Former Employee - Associate Consultant in Pune (India)

    I worked at Principal Financial Group full-time (more than a year)

    Pros

    Work life balance is good. Less work and option of taking off days whenever you want
    Good for people who don't have great ambition in life
    facilities like canteen, cab are good

    Cons

    Very poor management , if you are coming from one of the top IT providers, you can clearly notice how poor the management, esp senior management. They don't have any skills or talent that you can learn from. They are in political groups and support old timers.
    No career growth. there are developers of 10 years experience and if you ask for growth you get answer like "if you want you leave, we dont have anything for you". Management is arrogant that they can pay and get resources whenever they want. The typical life span of an employee is 2 years beyond which you will find it difficult to work in PGS.
    Most of the senior employees are very poor technically and also in business area. If you are expectation is that PGS needs technical skills or great business skills, then you are wrong. All you need is a below average brain.
    Lots of unethical practice - which can't be commented here as glassdoor will anyway remove them, when I say unethical, it is really bad - even political organizations may not be that bad!!
    an interesting case is that the company is surrounded by malls and movie halls, so you will have many employees going out for breaks and returning late. This includes managers.

    Advice to ManagementAdvice

    Since you can't resign, there is not advice for you, but for anyone who is joining PGS, better be ready to leave in 12 to 16 months.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9.  

    IT interns are treated well.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - IT Infrastructure Intern in Des Moines, IA (US)
    Former Intern - IT Infrastructure Intern in Des Moines, IA (US)

    I worked at Principal Financial Group as an intern (less than a year)

    Pros

    Employees at Principal treat the interns like coworkers and not just observers. You are given real work and get to see a great workplace culture.

    Cons

    It does take a while to get used to the acronyms and campus. There were days when there was no work for me to do.

    Recommends
    Neutral Outlook
  10.  

    A Great Company

    • Comp & Benefits
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    Former Employee - Medical Claims Examiner in Columbus, OH (US)
    Former Employee - Medical Claims Examiner in Columbus, OH (US)

    I worked at Principal Financial Group

    Pros

    PFG provided excellent training from day one, until the day I left. I always felt like I was being treated like a professional. The benefits were excellent, and there were frequent reviews of our performance. I also believed that the company was reputable, and treated their clients with respect too.

    Cons

    As far as the company is concerned, there weren't really any cons. I didn't happen to like what I did, but that was not the company's fault.

    Recommends

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