Years of Experience
Average pay is about $61K annually for those with five to nine years of experience. The largest fraction of The Northwestern Mutual Life Insurance Company people (49 percent) have been working for one to four years and earn around $41K per year on average.
Directors of Operations earn the highest median pay at $81K annually, followed by Financial Advisors ($47K), Associate Financial Planners (approximately $40K), and Executive Assistants ($40K). Financial Representatives make an average around $28K, close to the bottom of the company pay scale.
When it comes to location, the highest average paycheck (approximately $71K per year) can be spotted in the company's headquarter city of Milwaukee, Wisc.; Boston, Mass. ($64K), New York, N.Y. ($57K), and Los Angeles, Calif. ($50K) are the next top-paying cities. Atlanta, Ga. is near the bottom for pay at about $40K. By state, Wisconsin offers the highest pay at $70K annually.
Certifications and Degrees
Monetary compensation comes to $64K per year for Certified Financial Planners, far surpassing the earnings of non-credentialed workers. Uniform Combined State Law Holders with credentials can live quite comfortably; median salaries come in at approximately $60K annually. The best paid folks at The Northwestern Mutual Life Insurance Company have a Master of Business Administration (MBA), Management Information Systems (MIS), earning $108K per year.
The highest-paying skill in this position seems to be Project Management; individuals who report it as part of the repertoire have a median income of about $69K annually. One of the more prevalent skills at The Northwestern Mutual Life Insurance Company is Customer Service, with about one in four considering it a key competency. Many workers usually know Insurance, Financial Analysis, and Financial Applications as well.
Benefits and Perks
It's easy to build up retirement reserves here with programs such as a 401(k) plan and a company pension plan. The larger part of employees report having health insurance, and roughly one-half report having dental coverage. Advantages of working here also include life insurance, tuition reimbursement, flexible hours, and gym membership.