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Average Salary for The Northwestern Mutual Life Insurance Company Employees

Milwaukee, Wisconsin-based The Northwestern Mutual Life Insurance Company hires for positions ranging from Associate Financial Representative to Financial Advisor in the insurance industry. Employees at The Northwestern Mutual Life Insurance Company make $44K annually on average. How long you've been working is the biggest factor affecting pay for The Northwestern Mutual Life Insurance Company workers, followed by geography and your job title. This report is based on answers to PayScale's salary questionnaire.

How This Employer Pays

The Northwestern Mutual Life Insurance Company typically pays:
below market

Similar employers pay:
above market
Employer: The Northwestern Mutual Life Insurance Company
Average Salary Range by Job
Job (Number Reporting)
National Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
[-]Associate Financial Representative (29)
$29,163 - $50,562  
[-]Associate Financial Representative (29)
Salary$29,479 - $47,917  
Bonus$-0.50 - $6,953  
Total Pay$29,163 - $50,562  
[+]Financial Advisor (8)
$35,695 - $158,511  
[+]Financial Advisor (8)
Salary$33,335 - $125,329  
Bonus$760 - $19,227  
Total Pay$35,695 - $158,511  
[+]Administrative Assistant (7)
$21,437 - $45,941  
[+]Administrative Assistant (7)
Salary$25,870 - $46,209  
Bonus$28.89 - $2,955  
Total Pay$21,437 - $45,941  
[+]Executive Assistant (7)
$29,733 - $64,279  
[+]Executive Assistant (7)
Salary$29,840 - $61,614  
Bonus$409.39 - $7,475  
Total Pay$29,733 - $64,279  
 Precise Range (?
XPrecise ranges are calculated based on validated data submitted by employees in this job at this company.
)     Estimated Range (?
XWhen PayScale has limited employee-submitted data, we base estimated ranges on a broader set of relevant employee profiles to calculate the most accurate ranges for this job at this company.
Country: United States | Currency: USD | Updated: 7 Nov 2014 | Individuals Reporting: 170
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Years in Field/Career:
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The Northwestern Mutual Life Insurance Company Details


720 E. Wisconsin Ave.
Milwaukee, Wisconsin 53202

Year Established:



Insurance, Financial Services

Also Known As:

Northwestern Mutual, Northwestern Mutual Financial Network, Northwestern Mutual Investment Services, Northwestern Mutual Life Insurance Co.
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Freebase CC-BY
Source: Freebase, licensed under CC-BY

Years of Experience

Survey participants who have worked at The Northwestern Mutual Life Insurance Company for between five and ten years haul in $52K on average. A typical employee has one to four years of experience and earns around $40K per year.


Median pay is highest in the company's headquarter city of Milwaukee (approximately $69K annually), followed by New York (about $45K), Denver ($45K), and Atlanta ($39K). Ames is near the bottom for pay at $33K. By state, the highest compensation levels appear in Wisconsin, where the average salary is $68K per year.


Financial Advisors are awarded the highest paychecks, with compensation nearing about $61K; Certified Financial Planners are next on the list, bringing in close to $50K, followed by Operations Managers earning around $43K and Development Officers making approximately $41K. Among the lower-paid positions at The Northwestern Mutual Life Insurance Company are Registered Investment Assistants — typical salaries for this role approach about $36K.

Certifications and Degrees

Chartered Life Underwriters receive bigger paychecks ($52K) than those without credentials. FINRA Series 7 General Securities Representatives also rank high on the pay scale, with expected earnings of approximately $52K annually. It pays to have a B.A. in Economics at The Northwestern Mutual Life Insurance Company — these employees make the most at $79K per year.


Skill-wise, employees who report Financial Advisor as part of the toolkit report the most money, earning $78K on average. One of the more prevalent skills at The Northwestern Mutual Life Insurance Company is Financial Analysis, with a little less than a fifth considering it a key competency. Many workers are also familiar with Customer Service, Microsoft Office, and Customer Relationship Management.

Benefits and Perks

With an eye toward the future, The Northwestern Mutual Life Insurance Company offers several choices in retirement planning such as a 401(k) plan and a company pension plan. At The Northwestern Mutual Life Insurance Company, just over a half of workers have health insurance, and a little over a half of workers have dental coverage. Additional benefits of working here are life insurance, tuition reimbursement, flexible hours, and gym membership.

The Northwestern Mutual Life Insurance Company Job Listings

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Job Satisfaction (?)

Extremely satisfied

Extremely satisfied

Extremely satisfied
Work Stress (?)


Highly stressful

Job Flexibility (?)
Highly flexible
Highly flexible
Typical Benefits
Vacation Weeks
2.1 Weeks
2.2 Weeks
3.7 Weeks
Gender Breakdown
Data Not Available
Years of Experience
Popular Perks
401(k), Paid Holidays / Vacation, Life Insurance/Disability
401(k), Paid Holidays / Vacation, Life Insurance/Disability
Paid Sick Leave

Key Stats



67 %

female alumni


33 %

male alumni
$30,284 - $49,985
$33,894 - $81,440

Years of Experience

Less than 1 year
1-4 years
5-9 years
10-19 years
20 years or more

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 42 votes.

Company Locations for The Northwestern Mutual Life Insurance Company

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