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Northwestern Mutual Career
Posted on 5/7/15 at 12:24 pm
Posted on 5/7/15 at 12:24 pm
It's strictly commission with like $1000 the first two or three months that's "start up money" . Was also asked to give them 300 names and numbers to bring before the third interview. Is it a good job? Is it reasonable to ask for so many names? And what do they do with that many names I can understand 75-100 but 300 sounds like bit much.
Looking for career change but idk about it.
Said they want the person to be successful but the first couple years are hard. Also that the turnover rate is high due to the majority of ppl not sticking to it for over 3 yrs. also states that the average salary is 250k and could earn more with classes that they provide
Looking for career change but idk about it.
Said they want the person to be successful but the first couple years are hard. Also that the turnover rate is high due to the majority of ppl not sticking to it for over 3 yrs. also states that the average salary is 250k and could earn more with classes that they provide
This post was edited on 5/7/15 at 12:35 pm
22
Posted on 5/7/15 at 12:26 pm to GalvestonTiger12
Stratton?
Posted on 5/7/15 at 12:26 pm to GalvestonTiger12
quote:
Is it reasonable to ask for so many names? And what do they do with that many names I ca understand 75-100 but 300 sounds like bit much.
It's stupid. They want to market the frick out of people you know and drop your name even if you don't get the job.
You know that, so I don't know why you would consider working for someone like that.
Posted on 5/7/15 at 12:26 pm to GalvestonTiger12
quote:
what do they do with that many names
You call them
quote:
It's strictly commission
Posted on 5/7/15 at 12:28 pm to GrammarKnotsi
I was also told that they usually only hire ppl with a bachelors degree.
Posted on 5/7/15 at 12:28 pm to GalvestonTiger12
quote:
And what do they do with that many names
I'm sure cold calls and numerous emails.
It's basically a job in "sales". If you like that kind of thing then go for it.
Posted on 5/7/15 at 12:30 pm to GalvestonTiger12
quote:
I was also told that they usually only hire ppl with a bachelors degree.
Is this your first job?
Posted on 5/7/15 at 12:32 pm to GrammarKnotsi
No but they said 80-90% have a bachelors degree. I have an associates and will soon be finishing my bachelors in 1-2 years
Posted on 5/7/15 at 12:33 pm to GalvestonTiger12
I have met with a friend and his boss who work there. I was one of the names and he asked if I would come in to talk about life insurance.
I gave him the time of day because he's a great guy, but I politely declined after the meeting.
Seemed like decent life insurance and his boss was a legit guy. I just don't need it right now.
I gave him the time of day because he's a great guy, but I politely declined after the meeting.
Seemed like decent life insurance and his boss was a legit guy. I just don't need it right now.
Posted on 5/7/15 at 12:33 pm to GalvestonTiger12
It's very much a sales job. If you are good at it and work your arse off the first 5 years or so, you have it made. If not, you'll wash out and move on to something else. If you know a lot of professional people you'd feel comfortable about approaching with financial services, you could do well. They give you every chance to succeed, you'll either have it or you won't.
Oh and they don't cold call, strictly referrals.
ETA: and they are all about professionalism there. If you do what they tell you then you'll never come across as a slimy sales guy. The BR office is good people.
Oh and they don't cold call, strictly referrals.
ETA: and they are all about professionalism there. If you do what they tell you then you'll never come across as a slimy sales guy. The BR office is good people.
This post was edited on 5/7/15 at 12:36 pm
Posted on 5/7/15 at 12:33 pm to GrammarKnotsi
Success rate in that industry is dismal at best.
Then again, if you don't mind loudly professing to everyone who'll listen that you are a "life Insurance agent", then go for it.
Then again, if you don't mind loudly professing to everyone who'll listen that you are a "life Insurance agent", then go for it.
Posted on 5/7/15 at 12:33 pm to GalvestonTiger12
If you want to spend your work day harassing your friends and family to buy insurance from you, to the point where they start screening your calls... go for it.
Posted on 5/7/15 at 12:35 pm to GrammarKnotsi
the guys who make it in this field stay in it a long time and are uber go-getters who don't mind asking for 300 numbers. its not for everyone. you have to do major volume to make a living selling insurance and it will take a long time for you to earn enough accreditation and credibility to do wealth management/financial planning.
Posted on 5/7/15 at 12:35 pm to LSUBoo
I hate bothering people with sales pitches.
I worked sales for one of my first jobs and I couldn't sleep at night. I was so bad at it too because I had too much empathy for the people I was bothering. I HATE being bothered with sales pitches.
I worked sales for one of my first jobs and I couldn't sleep at night. I was so bad at it too because I had too much empathy for the people I was bothering. I HATE being bothered with sales pitches.
Posted on 5/7/15 at 12:37 pm to LSUBoo
That's something I'm not comfortable with. Bugging all your friends and guilting them to help you out. Also I don't know enough professional ppl who have families are good jobs who would even be interested
Posted on 5/7/15 at 12:38 pm to TheCaterpillar
its not bothering if they have a legitimate need for what you offer. if they don't, then you shouldn't be "bothering" them.
Posted on 5/7/15 at 12:38 pm to GalvestonTiger12
quote:
That's something I'm not comfortable with. Bugging all your friends and guilting them to help you out. Also I don't know enough professional ppl who have families are good jobs who would even be interested
Then I'd recommend finding something else to do.
Posted on 5/7/15 at 12:38 pm to GalvestonTiger12
quote:
Was also asked to give them 300 names and numbers to bring before the third interview.
You need to first ascertain how many original agents that were "hired" are still employed by NWM. With that, you may understand that these will likely be the only people that you may ever sell. Really what happens is that you call 300, meet 30, and sell 10. Then you end up leaving this job because you can't earn money while those who you sold stay with NWM paying their premium and you no longer collect your commissions from the insurer.
Serious, would like to know their response to how many old agents are still around selling. Typically I only see young sales agents for their company.
Posted on 5/7/15 at 12:40 pm to GalvestonTiger12
quote:
If you want to spend your work day harassing your friends and family to buy insurance from you, to the point where they start screening your calls... go for it.
This
Posted on 5/7/15 at 12:40 pm to LSUBoo
NML is a fantastic company. It has something like 230 billion in assets. That's roughly the GDP or Egypt OR Ireland OR Venezuela.
It didn't suffer even a hiccup during the financial crisis. I remember looking at its stats in 2009. It held something like 15 billion in leased commercial real estate, and it has a ZERO default rate. That was impressive during that time period.
I have no idea what it is like to be in sales. But as an organization and from a financial standpoint, it is rock solid.
It didn't suffer even a hiccup during the financial crisis. I remember looking at its stats in 2009. It held something like 15 billion in leased commercial real estate, and it has a ZERO default rate. That was impressive during that time period.
I have no idea what it is like to be in sales. But as an organization and from a financial standpoint, it is rock solid.
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