Years of Experience
Five to nine years of work experience seem to result in median wages of around $58K per year. Overall, the greater share of The Northwestern Mutual Life Insurance Company folks have one to four years of experience and earn an average approximately $38K annually.
Financial Analysts rake in the most money, with average earnings of about $72K per year; Financial Advisors come in second with average earnings amounting to $61K, while Campus Recruiters and Financial Planners rank near the top as well ($48K and $43K, respectively). With salaries averaging around $36K, Financial Advisor Assistants are among the lowest paid at The Northwestern Mutual Life Insurance Company.
When it comes to location, the highest average paycheck (about $64K annually) can be spotted in the company's headquarter city of Milwaukee, Wisc.; Los Angeles, Calif. ($51K), Denver, Colo. (approximately $48K), and New York, N.Y. ($41K) are the next top-paying cities. On the lower end is Grand Rapids, Mich. at $33K. Within the company, workers earn the highest salaries (an average of $63K per year) in Wisconsin.
Certifications and Degrees
Monetary compensation comes to approximately $50K annually for Certified Financial Planners, far surpassing the earnings of non-credentialed workers. FINRA Series 7 General Securities Representatives also rank high on the pay scale, with expected average earnings of about $49K per year. The Northwestern Mutual Life Insurance Company compensates Associate of Science (AS)-holders the most at around $75K annually.
In this role, the best-paying skill appears to be Financial Advisor; individuals who claim it among their capabilities enjoy a higher median salary of $60K per year. Customer Service is regularly seen around here; just over one in five of those surveyed report it as a core competency. Financial Analysis, Insurance, and Customer Relationship Management round out the set of key employee skills.
Benefits and Perks
The Northwestern Mutual Life Insurance Company lets only a third of workers take paid vacation and only one in ten employees take sick leave. Those seeking to set aside retirement funds can rely on several savings options such as a 401(k) plan and a company pension plan. Health insurance comes as part of the deal for the larger part of employees, and close to one-half report receiving dental coverage as well. Some other perks are life insurance, tuition reimbursement, and flexible hours.