- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Northwestern Mutual Career
Posted on 5/7/15 at 12:41 pm to GalvestonTiger12
Posted on 5/7/15 at 12:41 pm to GalvestonTiger12
I interviewed with them as well out of college.
I didn't take the job after further research. Like you said it is 100% commission and because of that, it's got an incredibly high failure rate. NW Mutual has little incentive to train you, develop you, or help you if you're struggling. They hire eons of people and just rely on that person making 2-4 sales from the list of 300 contacts or so. Most people you contact will say no. Others will meet you for a lunch, but also decline as well.
I didn't like the completely uncertain wages, along with having to hound friends/relatives to try to get paid. Everyone has different circumstances though so you may be up for that.
Just know that if you fail, NW Mutual has no problem cutting ties or letting you walk because they have basically nothing invested in you. You can only make them money, as you don't get paid unless you make a sale. It's sort of comparable to a pyramid scheme with how they work in regards to hiring salesmen. That being said, they do offer pretty competitive policies. The company is legitimate, the hiring process is just iffy to me
I didn't take the job after further research. Like you said it is 100% commission and because of that, it's got an incredibly high failure rate. NW Mutual has little incentive to train you, develop you, or help you if you're struggling. They hire eons of people and just rely on that person making 2-4 sales from the list of 300 contacts or so. Most people you contact will say no. Others will meet you for a lunch, but also decline as well.
I didn't like the completely uncertain wages, along with having to hound friends/relatives to try to get paid. Everyone has different circumstances though so you may be up for that.
Just know that if you fail, NW Mutual has no problem cutting ties or letting you walk because they have basically nothing invested in you. You can only make them money, as you don't get paid unless you make a sale. It's sort of comparable to a pyramid scheme with how they work in regards to hiring salesmen. That being said, they do offer pretty competitive policies. The company is legitimate, the hiring process is just iffy to me
2
Posted on 5/7/15 at 12:43 pm to GalvestonTiger12
quote:bit of a farce. and this would only include well established reps
also states that the average salary is 250k and could earn more with classes that they provide
they want all those names bc if you dont make it, other reps will call them
ETA: I'm in the business with another firm and not forced to sell so much life ins
This post was edited on 5/7/15 at 12:44 pm
Posted on 5/7/15 at 12:44 pm to BestBanker
According to industry retention records, Northwestern Mutual has a 17% first year agent retention record... and that's one of the better ones.
Put it another way, you got less than a 20% shot at being there a year from now. Good luck!
Put it another way, you got less than a 20% shot at being there a year from now. Good luck!
Posted on 5/7/15 at 12:44 pm to Tiger Ryno
quote:
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.
This. And the guy who said it is all younger agents there is FOS, the older guys clean up in that office. It's not for everyone but it's also not a profession to shite on. You aren't bugging somebody if you're offering a service they actually can use.
Posted on 5/7/15 at 12:45 pm to Tigerfan56
Tigerfan 56 I went there for first interview and she told me she would setup second interview and upon second interview I was informed they wanted me to do homework which consists of gathering the 300 names. Was also told they invest 150k on the person they hire and buy a computer for them and train them for success. To me if I could do cold calls I would be more successful than just family and friends.
Posted on 5/7/15 at 12:45 pm to Team Vote
quote:
You aren't bugging somebody if you're offering a service they actually can use.
Spoken like a true salesman.
Posted on 5/7/15 at 12:45 pm to GalvestonTiger12
Its a ridiculous job that most can not make it at, you will bust your balls for no real return. Go work for someone more reputable with a 6 mos training program etc...
have a friend who worked for them for 3 months then had to pay the money back he earned per commission, accounts gained etc being low...truth is tho that even Edward Jones screw people who dont work for them for 2 or more years bc they pay for the Series 7 exams and back that license while you hold it first few years
Dont do it
have a friend who worked for them for 3 months then had to pay the money back he earned per commission, accounts gained etc being low...truth is tho that even Edward Jones screw people who dont work for them for 2 or more years bc they pay for the Series 7 exams and back that license while you hold it first few years
Dont do it
Posted on 5/7/15 at 12:46 pm to GalvestonTiger12
I've been Commission only since roughly 2001 with a few brief intervals of paid compensation thrown in. I'd never accept salary because I couldn't take the pay cut . I have also never sold a product (what I do is a bit different) to anyone I knew, except for one friend who was persistent. The REAL services ballers have other ways to procure clientele. That usually only comes with time and industry credibility. I'd keep looking, unless you are good soliciting people you know. If you are comfortable doing that, then by all means-go all in.
Posted on 5/7/15 at 12:51 pm to GalvestonTiger12
quote:
also states that the average salary is 250k
No, no it's not.
Posted on 5/7/15 at 12:53 pm to Janky
I figured that it wasn't that much either but I do want to know what the first 5 yrs looks like in terms of yearly average.
This post was edited on 5/7/15 at 12:54 pm
Posted on 5/7/15 at 12:54 pm to GalvestonTiger12
quote:
Also I don't know enough professional ppl who have families are good jobs who would even be interested
You better start networking, or looking into a different career.
Posted on 5/7/15 at 12:59 pm to HoustonChick86
HoustonChick86 would you be interested in setting your financial goals? 
Posted on 5/7/15 at 1:00 pm to Lsupimp
quote:
Lsupimp
And the mystery continues.......
Posted on 5/7/15 at 1:09 pm to G Vice
Interviewed with them myself towards the end of senior year in college. I think they only wanted 100 names or so when i did (05-06).
I remember when I got the offer and went to a pre-orientation thing they got up there and said "we interviewed literally thousands of applicants for these 20 positions, and you got a spot."
I went through training (If i recall you have to take a test of some sort), and on the morning I was supposed to start, called before 7 am and said thanks for the opportunity but no thanks.
22 year old me was dumb as rocks about some of his decisions
I remember when I got the offer and went to a pre-orientation thing they got up there and said "we interviewed literally thousands of applicants for these 20 positions, and you got a spot."
I went through training (If i recall you have to take a test of some sort), and on the morning I was supposed to start, called before 7 am and said thanks for the opportunity but no thanks.
22 year old me was dumb as rocks about some of his decisions
Posted on 5/7/15 at 1:31 pm to GalvestonTiger12
quote:
HoustonChick86 would you be interested in setting your financial goals?
I think you might need to work on your sales pitch.
Posted on 5/7/15 at 1:31 pm to GalvestonTiger12
quote:this poster is an above-average troll
GalvestonTiger12
5.75/10
Posted on 5/7/15 at 1:43 pm to Team Vote
quote:
Oh and they don't cold call, strictly referrals.
This always makes me laugh. How are you going to build a referral base without cold calling? Your cold calls will slow down as you get more referrals but initially you'll be cold calling your arse off.
Posted on 5/7/15 at 1:55 pm to GalvestonTiger12
quote:
the average salary is 250k
Sounds high. Probably more like 250k is the average salary for people who have been doing this for 10+ years which only represents about 10% of our workforce and most people fail miserably at this and spend a couple of years making 30k a year before quitting.
Posted on 5/7/15 at 2:01 pm to G Vice
I am the largest wholesaler of frat-tastik "Club Homeboy" t-shirts in the region.
Posted on 5/7/15 at 2:07 pm to GalvestonTiger12
No offense to you personally, but you won't make $250K. Industry average is in the $50's. That's not to say through experience you can't build a business/clientele that gets you to $250K say in 15 years.
Page 2 of 6
Popular
Back to top
Follow TigerDroppings for LSU Football News