Principal Financial Group

  www.principal.com
  www.principal.com

Principal Financial Group Reviews

Updated 21 November 2014
Updated 21 November 2014
202 Reviews
4.0
202 Reviews
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Principal Financial Group Chairman, President and Chief Executive Officer Larry D. Zimpleman
Larry D. Zimpleman
132 Ratings

Review Highlights

Pros
  • The pay and benefits are very good, with an excellent work-life balance to boot (in 42 reviews)

  • Great benefits, which is nice because salaries are less than annual averages (in 19 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

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  1. 4 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.  

    I loved my job. But that all depends on what area of the company you work for.

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

    I worked at Principal Financial Group full-time (more than 10 years)

    Pros

    Great benefits including free fitness classes and exercise equipment or they pay a portion for gym memberships. They have onsite lunch rooms, Weight Watcher meetings, free lunch n learns, plus good pay and vacation.

    Cons

    I was treated great & loved my 30 year job. I was laid off and ended up working there a year later (different area) for 5 months and am still amazed at what they allowed to happen.

    Advice to ManagementAdvice

    Open your eyes to what is happening around you.

    Recommends
    Neutral Outlook
    Approves of CEO
  3.  

    Great place to work!

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

    I have been working at Principal Financial Group full-time

    Pros

    The people at this company make it a great environment for young professionals. Many employees of PFG have been at the company for a number of years (or have gone elsewhere and come back to the company) and are more than willing to share their knowledge and experiences. Might role might be different than other areas of the company, but I am always being challenged with new and increasingly more important responsibilities. This company also likes places a high value on employees having a healthy lifestyle and encourages work life balance and regular exercise.

    Cons

    PFG has been making very concerted efforts to improve diversity, but it is hard considering Iowa as a whole lacks diversity, and it is not in a major metropolitan city.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    A company this Millennial will retire from.

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

    I have been working at Principal Financial Group full-time (more than 10 years)

    Pros

    As a 10 year + employee of the Principal Financial Group, I am happy with the opportunities, the stability, and the benefits the company has to offer. I buy into the " the grass isn't always greener on the other side" mindset as I've seen peers leave and quickly want to come back. If you are someone that works hard and continues to develop, opportunities will be presented.

    Cons

    As I suspect is true of most large companies, navigating the political scene can be taxing.

    Advice to ManagementAdvice

    Continue to pave the way and mold the talent you have. Find ways to continue to develop and promote the talent you have.

    Recommends
    Neutral Outlook
    Approves of CEO
  6.  

    Excellent opportunity, career development, employee support

    • 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 full-time (more than 10 years)

    Pros

    Great employee culture, lots of diverse opportunities within different lines of business.

    Cons

    Keeping up with technology. We move a bit too slow.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Good Company to Work For

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

    I have been working at Principal Financial Group full-time (more than an year)

    Pros

    Non contributory pension plan in addition to 401k.
    Great work/life balance. If you have an emergency and have to take time off they are very understanding. Good amount of paid time off. My salary is higher than for comparable positions with other companies.
    Opportunities to work from home in a lot of departments.

    Cons

    Medical benefits have high copays until you max out your contributions.
    Difficult to get another position from some departments although they heavily promote from within.

    Advice to ManagementAdvice

    Promote more from within!

    Recommends
    Positive Outlook
    No opinion of CEO
  8.  

    Good company to work for

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

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

    Pros

    Good pay, benefits and great culture

    Cons

    Not many opportunities for growth

    Recommends
    Neutral Outlook
  9.  

    Continuously learning new product and/or sales material, developing skills to guarantee success.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Financial Representative in West Des Moines, IA (US)
    Current Employee - Senior Financial Representative in West Des Moines, IA (US)

    I have been working at Principal Financial Group full-time (more than an year)

    Pros

    Outstanding archived training library available 24/7, augmented with frequent, optional to attend, webinars.

    Cons

    Nothing of note comes to mind. Really.

    Advice to ManagementAdvice

    Keep up the great work.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  10.  

    Best Company Out There from a Financial Advisor

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Advisor in San Diego, CA (US)
    Current Employee - Financial Advisor in San Diego, CA (US)

    I have been working at Principal Financial Group full-time (more than an year)

    Pros

    Principal has the best training program for people who want to get into the business where the real money is at. They start you off with a 4 month salary and even provide benefits. Commissions are complicated but the best out there. The biggest 401k player in the market. Great Managing Director who is a straight shooter. He is very ethical and is an expert at sales.

    Cons

    Expect to work hard, but rewarded handsomely. The biggest challenge to learn to focus and keeping ourselves accountable.

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    My search is over- I'm sold!

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

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

    Pros

    This is a company that really values their employees from full-time staff to interns. Senior management is very accessible, the culture is fun and inviting, and the opportunities are endless. This is an incredible company for those looking for a 'career company'. I got hooked on the values, the transparency and most of all, the people. I look forward to seeing further global expansion and growth and returning for a full-time position post graduation.

    Cons

    I do not think my experience would have been the same if I had not worked in the headquarter office in Des Moines.

    Recommends
    Positive Outlook
    Approves of CEO

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