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Principal Financial Group

Engaged Employer

Principal Financial Group reviews

3.8

72% would recommend to a friend

(2,587 total reviews)
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Deanna Strable

81% approve of CEO

69% 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
Sep 17, 2022
Recommend
CEO approval
Business Outlook

Pros

Pay, benefits, hours, 6% 401k match if you make it 3 years to get vested

Cons

Bad training, dated technology, 3 years before vested in 401k match is a joke

3.0
Aug 25, 2022
Recommend
CEO approval
Business Outlook

Pros

The management was very nice and there was a huge support system of teammates that will help you with questions or if you need to vent. The work benefits were amazing - as can be expected when working for an insurance company. Working remotely was a huge benefit.

Cons

It was hard to not take the negative words said to you by disgruntled customers to heart. This job was not made for empathetic people, because approving Rude Ron for a broken finger felt wrong when you had to turn around and deny Nice Nancy for her stage 4 cancer claim because of some policy limitation. My mental health plummeted, and I wish the interview process was more transparent about the emotional toll this job takes on you. Towards the end, I found myself crying every day before, during, and after work. I would wake up nauseous because I dreaded work. It’s basically customer service, but the claimants know your name. The turn over rate is very high because this job is so taxing on your mental health.

2.0
Aug 12, 2022

Horrible

Recommend
CEO approval
Business Outlook

Pros

Great benefits and flexibility as far as PTO.

Cons

It's all about who you know, not what you know at this place. Extremely bureaucratic. In most cases, if you don't know somebody, the only way to move up is based on tenure so prepare to stick it out through all the BS if you want to climb their corporate ladder. They like to have several assistant managers (glorified babysitters) in each department that have five or more levels above that, so it ends up being just another place where the lower level workers are extremely overworked and extremely underpaid compared to management that can take any time off they want and anything negative can be pointed towards the lower level employees and not themselves. Absolutely would not recommend. I didn't know a single person who was happy working for Principal!

Viewing 181 - 183 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.