Average Salary for The Northwestern Mutual Life Insurance Company Employees

Operating out of Milwaukee, Wisc., insurance company The Northwestern Mutual Life Insurance Company employs talent in positions ranging from Associate Financial Representative to Financial Advisor. The average The Northwestern Mutual Life Insurance Company employee earns $45K per year. At The Northwestern Mutual Life Insurance Company, the biggest piece of the paycheck puzzle is your role at the company — it impacts salary more than anything else — though your city and your experience level each factor into the equation as well. This report is based on responses to the PayScale salary survey.

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How This Employer Pays

The Northwestern Mutual Life Insurance Company typically pays:
-6%
below market
Similar employers pay:
4%
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.
)
$0$100K$200K$300K
[-]Associate Financial Representative (37)
$29,058 - $49,917  
   
[-]Associate Financial Representative (37)
Salary$29,487 - $47,388  
   
Bonus$-0.50 - $9,863  
Total Pay$29,058 - $49,917  
[+]Financial Advisor (11)
$36,492 - $295,898  
   
[+]Financial Advisor (11)
Salary$36,492 - $295,898  
   
Bonus$640 - $12,304  
Total Pay$36,492 - $295,898  
[+]Financial Advisor Assistant (7)
$26,113 - $57,807  
   
[+]Financial Advisor Assistant (7)
Salary$28,012 - $60,353  
   
Bonus$782 - $12,450  
Total Pay$26,113 - $57,807  
[+]Administrative Assistant (7)
$19,651 - $42,754  
   
[+]Administrative Assistant (7)
Bonus$110.78 - $2,481  
   
Total Pay$19,651 - $42,754  
 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: 29 Mar 2015 | Individuals Reporting: 205

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About This Company

720 E. Wisconsin Ave.
Milwaukee, Wisconsin 53202

1857

Insurance, Financial Services

Northwestern Mutual, Northwestern Mutual Financial Network, Northwestern Mutual Investment Services, Northwestern Mutual Life Insurance Co.


Freebase CC-BY Source: Freebase, licensed under CC-BY

Jobs

Nearing the top of the pay scale are Financial Analysts, Financial Advisors, Operations Managers, and Recruiters; while the first receives the highest median pay at around $72K annually, the other salaries come in at $59K, approximately $43K, and $42K, respectively. With salaries averaging $36K, Financial Advisor Assistants are among the lowest paid at The Northwestern Mutual Life Insurance Company.

Locations

When it comes to location, the highest average paycheck (about $64K per year) can be spotted in the company's headquarter city of Milwaukee, Wisc.; Albany, N.Y. ($50K), New York, N.Y. (around $47K), and Denver, Colo. (approximately $45K) are the next top-paying cities. Grand Rapids, Mich. ranks low on the pay scale — at $33K, it is one of the lowest-paid cities. Across its U.S. offices, the state of Wisconsin pays The Northwestern Mutual Life Insurance Company the most — $64K annually on average.

Years of Experience

Average pay is about $50K per year for those with five to nine years of experience. The greater proportion of employees (49 percent) report one to four years of experience and bring home median pay of approximately $39K annually.

Certifications and Degrees

Monetary compensation comes to $50K per year 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 $49K annually. At The Northwestern Mutual Life Insurance Company, employees who hold a Master of Business Administration (MBA), Business Administration receive the highest salaries at around $91K.

Skills

When it comes to skills, Sales seems to bolster pay the most; employees who claim proficiency also enjoy a median income of $60K per year. Customer Service is considered a run-of-the-mill skill; about a sixth of The Northwestern Mutual Life Insurance Company's people use it regularly. Many workers usually know Financial Analysis, Microsoft Office, and Microsoft Excel as well.

Benefits and Perks

The Northwestern Mutual Life Insurance Company lets only 42 percent 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. A majority of employees receive health insurance, and one-half get dental coverage. The Northwestern Mutual Life Insurance Company employees also enjoy perks such as life insurance, tuition reimbursement, and flexible hours.

The Northwestern Mutual Life Insurance Company Job Listings

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Key Stats for The Northwestern Mutual Life Insurance Company

Gender

Female
69 %
Male
31 %
Salary
$29,599 - $50,719
Salary
$34,014 - $70,589
Less than 1 year
10%
1-4 years
46%
5-9 years
18%
10-19 years
18%
20 years or more
7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 41 votes.
United States (change)

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