Business Consultants are the best paid with the average salary hovering at around $87K annually; Financial Advisors, Recruiters, and Associate Financial Representatives also rank near the top of the list, pulling in $49K, approximately $44K, and about $37K, respectively. Among the lower-paid positions at The Northwestern Mutual Life Insurance Company are Financial Representatives — the median salary for this role approaches $24K.
Years of Experience
For those with five to nine years of experience, average earnings amount to $59K per year. The greater proportion of employees (52 percent) report one to four years of experience and bring home median pay of $40K annually.
When it comes to location, the highest average paycheck ($64K per year) can be spotted in the company's headquarter city of Milwaukee, Wisc.; Boston, Mass. (about $57K), New York, N.Y. (around $51K), and Los Angeles, Calif. ($50K) are the next top-paying cities. Those interested in increasing earning potential should avoid the city of Colorado Springs, Colo. — at approximately $31K, salaries are some of the lowest in the country. Within the firm, employees working in Wisconsin take home the most — $63K annually on average.
Certifications and Degrees
Salaries approach $50K per year for Certified Financial Planners; non-accredited workers make much less. The highest-paying degree here is a Master of Business Administration (MBA), Business Administration; The Northwestern Mutual Life Insurance Company awards about $96K to these degree-holders.
The highest-paying skill in this position seems to be Investment Planning; individuals who report it as part of the repertoire have a median income of approximately $49K annually. Customer Service is a popular skill among The Northwestern Mutual Life Insurance Company workers, with about a fourth of those surveyed reporting using it on the job. Many workers usually know Insurance, Microsoft Excel, and Financial Analysis as well.
Benefits and Perks
Workers who save for retirement get lots of help because the company offers a number of savings programs including a 401(k) plan and a company pension plan. Perks cover health insurance for the larger part of survey participants and dental coverage for more than two-fifths of workers. A few more workplace perks are life insurance, tuition reimbursement, flexible hours, and gym membership.