The highest paychecks go to Directors of Operations, who earn an average about $81K per year, closely trailed by Financial Advisors ($49K), Associate Financial Planners (approximately $40K), and Associate Financial Representatives (around $38K). Financial compensation for Financial Representatives is rather low — on average only $28K — relative to the rest of the company.
Years of Experience
Survey participants who have worked at The Northwestern Mutual Life Insurance Company for between five and 10 years earn $60K annually on average. Broken down by tenure, the largest share of The Northwestern Mutual Life Insurance Company employees (51 percent) have one to four years of experience and earn $41K per year on average.
When it comes to location, the highest average paycheck (approximately $69K annually) can be spotted in the company's headquarter city of Milwaukee, Wisc.; Boston, Mass. ($64K), New York, N.Y. ($57K), and Denver, Colo. (around $49K) are the next top-paying cities. Expected earnings are below average (about $40K) in Atlanta, Ga., one of the lowest-paid cities. Within the company, workers earn the highest salaries (an average of $69K per year) in Wisconsin.
Certifications and Degrees
Salaries approach $62K annually for Certified Financial Planners; non-accredited workers make much less. Becoming an Uniform Combined State Law Holder can certainly pay off here; those folks make around $59K on average. It pays to have an Associate of Science (AS) at The Northwestern Mutual Life Insurance Company — these employees make the most at about $95K per year.
When it comes to skills, employees who report Financial Analysis among their abilities seem to make the most, reporting a median income of approximately $50K annually. Customer Service is a popular skill in the The Northwestern Mutual Life Insurance Company workforce; one in four of those surveyed report putting it to use in their jobs. Three more common skills are Insurance, Financial Applications, and Microsoft Excel.
Benefits and Perks
Paid time off is scarce, with only about a third of survey participants receiving paid vacation and about one in ten workers receiving sick leave. 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. Perks cover health insurance for the larger part of respondents and dental coverage for just over two-fifths of workers. The Northwestern Mutual Life Insurance Company employees also enjoy perks such as life insurance, tuition reimbursement, and flexible hours.