Years of Experience
Those who have five to nine years of work experience see average salaries of $63K per year. 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 annually on average.
Earning $81K per year on average, Directors of Operations receive the most money, followed by Financial Advisors ($47K), Recruiters (approximately $43K), and Associate Financial Planners (about $40K). Among the lower-paid positions at The Northwestern Mutual Life Insurance Company are Financial Advisor Assistants — the median salary for this role approaches around $38K.
When it comes to location, the highest average paycheck (about $72K annually) can be spotted in the company's headquarter city of Milwaukee, Wisc.; Boston, Mass. ($70K), New York, N.Y. ($60K), and Denver, Colo. ($51K) are the next top-paying cities. High paychecks are not found in Atlanta, Ga.; in fact, at approximately $40K it is one of the worst-paid cities. By state, the highest compensation levels appear in Wisconsin, where the average salary is $71K per year.
Certifications and Degrees
Those lacking certification bring in much lower salaries than Certified Financial Planners, who make about $65K annually. Uniform Combined State Law Holders also rank high on the pay scale, with expected average earnings of $60K per year. The highest-paying degree here is a Master of Business Administration (MBA), Management Information Systems (MIS); The Northwestern Mutual Life Insurance Company awards $108K to these degree-holders.
In this role, the best-paying skill appears to be Investment Management; individuals who claim it among their capabilities enjoy a higher median salary of approximately $59K annually. Customer Service is regularly seen around here; one in four of those surveyed report it as a core competency. Employees also tend to know Insurance, Financial Analysis, and Financial Applications.
Benefits and Perks
Workers who save for retirement get lots of help because the company offers a number of savings programs including a 401(k) plan and a company pension plan. For the larger part of workers, benefits include health insurance, and one-half get dental coverage, too. Privileges also include life insurance, tuition reimbursement, flexible hours, and gym membership.