Thursday, July 29, 2010

Any advise on Northwestern Mutual financial rep positions?

I am looking at this company, wanted to ask if anybody has any idea about salary, benefits, corporate culture, etc, Thank youAny advise on Northwestern Mutual financial rep positions?
I actually just quit as a Northwestern Mutual financial rep. It's a great company with a long and prestigious history. They're one of the most financially strong and stable companies in the world right now thanks to the fact that they're a mutual company and not a stock company and that less than 0.1% of the company's portfolio was exposed to the whole sub-prime mortgage mess that is toppling giants like Lehman and Morgan Stanley.





With that said, life as a financial rep is tough right now. At Northwestern the compensation is 100% commission and with the economy as screwed up as it is these days, people sure aren't rushing to buy insurance and investment products to put money in your pocket. I didn't stay long enough to experience the benefits but the retirement packages seem really solid. The corporate culture is also really nice, it truly is a family in that company and you can always count on another rep to help you out even if you've never met them before. The company as a whole is also very open to the religious beliefs of their employees, they open their annual meeting (all 10,500 employees meeting in Milwaukee every summer) with a prayer.





In the beginning you have to rely on your natural market (friends, family, former coworkers, etc.) to make sales pitches to. If you run out of natural market contacts you'll have to start cold calling. It all comes down to how hard you are willing to work and how good you are at building relationships (aka selling) and making new contacts.





Hope that helps, and if you decide to hire on with them good luck. Any advise on Northwestern Mutual financial rep positions?
It is only a viable opportunity if you know people. Go do something professional, build a stream of networks, then think of working with Northwestern. At first, I thought it was a hoax, but it is business where you are in the drivers seat on building your income potential. It is probably not for someone straight out of college, but rather for someone who has been in an industry can sell the products to people in that niche.

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