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.
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.
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.