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Principal Financial Group

Engaged Employer

Principal Financial Group reviews

3.8

71% would recommend to a friend

(2,587 total reviews)
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Deanna Strable

81% approve of CEO

68% positive business outlook

Principal Financial Group has an employee rating of 3.8 out of 5 stars, based on 2,587 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Principal Financial Group employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

3K reviews
1.0
Jun 3, 2020
Recommend
CEO approval
Business Outlook

Pros

Used to be family culture. Used to have work life. Now their are no pros.

Cons

Below average pay (well below). Leadership is horrible and leaders seem to come from other areas and know whats best. Leaders DO NOT listen to employees and do not care about their employees. I was there almost 10 years and saw no promotion from within. Majority of Senior developers and leaders came form other companies and jump right into management roles. Work life is a joke! What used to be a great place changed and it is such a shame.

2.0
Jul 9, 2017

Leaders are iffy

Recommend
CEO approval
Business Outlook

Pros

Some good leaders are there

Cons

Your experience depends on your boss. If you have a crappy one, it will suck. If you have a good one, you're set. I had 10 bosses in 10 years. They like to move people around a lot.

4.0
Jun 27, 2017

5 Star to 2 Star

Recommend
CEO approval
Business Outlook

Pros

Very fortunate to have represented the firm for 12 years. Exciting build out of Principal Funds sales distribution company, complete with an exciting and generous compensation package. A great recognition program complete with executive deferred compensation, defined benefit pension and a top shelf health plan.

Cons

It all ended in 2016 when Principal Global took over from the parent (Principal Financial). The compensation was cut by 42% in 2016 (120% from 2012). The pension was discontinued as well as recognition programs.

Viewing 61 - 63 of 2,587 Reviews

Glassdoor has 3,078 Principal Financial Group reviews submitted anonymously by Principal Financial Group employees. Read employee reviews and ratings on Glassdoor to decide if Principal Financial Group is right for you.