Average Salary for The Northwestern Mutual Life Insurance Company Employees

Based in Milwaukee, Wisc.,insurance player The Northwestern Mutual Life Insurance Company offers many employment opportunities, including Associate Financial Representative and Financial Advisor positions. The Northwestern Mutual Life Insurance Company pays its employees $46K annually on average. The Northwestern Mutual Life Insurance Company paychecks are largely negotiated based on how long you've been working, though your role at the company and where you live are also considered. This overview is based on answers to PayScale's salary questionnaire.

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Employer: The Northwestern Mutual Life Insurance Company
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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

Years of Experience

Five to nine years of work experience seem to result in median wages of around $58K per year. Overall, the greater share of The Northwestern Mutual Life Insurance Company folks have one to four years of experience and earn an average approximately $38K annually.

Jobs

Financial Analysts rake in the most money, with average earnings of about $72K per year; Financial Advisors come in second with average earnings amounting to $61K, while Campus Recruiters and Financial Planners rank near the top as well ($48K and $43K, respectively). With salaries averaging around $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 annually) can be spotted in the company's headquarter city of Milwaukee, Wisc.; Los Angeles, Calif. ($51K), Denver, Colo. (approximately $48K), and New York, N.Y. ($41K) are the next top-paying cities. On the lower end is Grand Rapids, Mich. at $33K. Within the company, workers earn the highest salaries (an average of $63K per year) in Wisconsin.

Certifications and Degrees

Monetary compensation comes to approximately $50K annually 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 about $49K per year. The Northwestern Mutual Life Insurance Company compensates Associate of Science (AS)-holders the most at around $75K annually.

Skills

In this role, the best-paying skill appears to be Financial Advisor; individuals who claim it among their capabilities enjoy a higher median salary of $60K per year. Customer Service is regularly seen around here; just over one in five of those surveyed report it as a core competency. Financial Analysis, Insurance, and Customer Relationship Management round out the set of key employee skills.

Benefits and Perks

The Northwestern Mutual Life Insurance Company lets only a third of workers 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. Health insurance comes as part of the deal for the larger part of employees, and close to one-half report receiving dental coverage as well. Some other perks are life insurance, tuition reimbursement, and flexible hours.

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Key Stats for The Northwestern Mutual Life Insurance Company

Gender

Female
62 %
Male
38 %
Salary
$29,087 - $50,951
Salary
$34,195 - $70,566
Less than 1 year
9%
1-4 years
48%
5-9 years
19%
10-19 years
17%
20 years or more
7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 49 votes.

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