Years of Experience
Respondents who have been working for five to nine years make $61K annually on average. Broken down by tenure, the largest share of The Northwestern Mutual Life Insurance Company employees (49 percent) have one to four years of experience and earn $41K per year on average.
Nearing the top of the pay scale are Directors of Operations, Financial Advisors, Recruiters, and Executive Assistants; while the first receives the highest median pay at approximately $81K annually, the other salaries come in at around $50K, about $43K, and $41K, respectively. Among the lower-paid positions at The Northwestern Mutual Life Insurance Company are Financial Representatives — the median salary for this role approaches about $34K.
When it comes to location, the highest average paycheck ($69K per year) can be spotted in the company's headquarter city of Milwaukee, Wisc.; New York, N.Y. ($54K), Boston, Mass. ($50K), and Los Angeles, Calif. (approximately $50K) are the next top-paying cities. Those interested in increasing earning potential should avoid the city of Atlanta, Ga. — at around $40K, salaries are some of the lowest in the country. The Northwestern Mutual Life Insurance Company workers in Wisconsin earn the most — $69K annually on average.
Certifications and Degrees
Certified Financial Planners have significantly higher pay than non-accredited workers at approximately $55K per year. Earning an Uniform Combined State Law Holder certification garners significant financial rewards of $52K annually on average. The Northwestern Mutual Life Insurance Company workers who hold a Master of Business Administration (MBA), Management Information Systems (MIS) are also well compensated, earning about $108K on average.
When it comes to skills, employees who report Financial Advisor among their abilities seem to make the most, reporting a median income of $55K per year. Customer Service is a popular skill among The Northwestern Mutual Life Insurance Company workers, with nearly one-fourth of those surveyed reporting using it on the job. Some other standard skills here are Insurance, Financial Analysis, and Microsoft Excel.
Benefits and Perks
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. A majority of respondents receive health insurance, and half get dental coverage. The list of perks also includes life insurance, tuition reimbursement, flexible hours, and gym membership.