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Principal Financial Group

Engaged Employer

Principal Financial Group reviews

3.8

72% would recommend to a friend

(2,589 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 2,589 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
3.0
Jun 24, 2010
Recommend
CEO approval
Business Outlook

Pros

Flexible work schedules for non call center employees. Flat organizational structure in IT gives everyone a voice. Benefits have been recently cut but would still rate them as slightly above average. The people you work with are generally smart, nice, and fun to work with. On site fitness centers.

Cons

Flat organizational structure in IT limits advancement opportunities at a point just below management level. At that point, your career becomes a job. Heavy process in some IT units limits productivity. In some areas a lot of red tape needs to be cut to get things done. There are priority committees for the priority committees that then need to talk to priority committees at the organization level. Salary is below average in the Des Moines market. Company tries to make up for it wih flexible schedules and offerring a good work/life balance . However, if you spend your time working on dashboard projects you may find it hard to maintain a work/life blance.

3.0
Mar 23, 2010

Good place to start your career

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

- Great work life balance and flexibility (in most departments and work areas) - Good 401k match along with DB plan (pension) - diverse businesses, opportunity to learn about different business aspects - lots of learning and support in the initial years, good area for personal development

Cons

- limited career path beyond Sr IT analyst - salary caps and market reference points which do not necessarily match with market (in my opinion) - promotions based on relationship building and who you know - middle management (director, Asst Director) do not necessarily have leadership qualities, good managers with limited thinking. - to get promoted you have to put in your years rather than skills, talent and experience

2.0
Mar 18, 2010
Recommend
CEO approval
Business Outlook

Pros

Flexible for producers, good support and training staff; Good alternative products, significant choice of investment products and alternative insurance products.

Cons

Home office traditional, inexperienced and secretive. Extremely useless with investmant support, crippling reliance on ineffective RIA and analysis. Limited product choice.

Viewing 247 - 249 of 2,589 Reviews

Glassdoor has 3,080 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.