Does Principal Financial Group pay their employees well?

According to anonymously submitted Glassdoor reviews, Principal Financial Group employees rate their compensation and benefits as 3.7 out of 5. Find out more about salaries and benefits at Principal Financial Group. This rating has been stable over the past 12 months.

How satisfied are employees working at Principal Financial Group?

72% of Principal Financial Group employees would recommend working there to a friend based on Glassdoor reviews . Employees also rated Principal Financial Group 4.0 out of 5 for work life balance, 3.9 for culture and values and 3.6 for career opportunities.

What are the top reviewed jobs at Principal Financial Group?

Software Engineer (159) , Analyst (103) , Financial Advisor (53) , Data Engineer (45) , Senior Software Engineer (45) , Retirement Specialist (44) , Software Developer (42) , Intern (38) , Business Analyst (31) , Process Specialist (28) , Software Engineer(Internship) (25) , Associate Consultant (24) , Financial Analyst (24) , Client Service Associate (23) , Senior Analyst (22)

What are the pros of working at Principal Financial Group according to real employee reviews?

"Great benefits and the company overall is working to have the employees to be more antonymous." ((in 229 reviews)); "Very fulfilling work with great people" ((in 150 reviews)); "pay can be good for some position" ((in 105 reviews)); "Good work culture and processes" ((in 92 reviews)); "providing jobs and good salaries" ((in 70 reviews))

What are the cons of working at Principal Financial Group according to real employee reviews?

"3. Bad management infact they do not know to manage at all. 4. No employee importance." ((in 107 reviews)); "Most managers have next to no idea what an employee is doing and rely very heavily on surveys given to each team." ((in 44 reviews)); "There is no training and you are literally thrown into the fire and nobody helps you." ((in 39 reviews)); "Low pay, team politics, old boys network, nepotism(It’s very common for upper management have family working here, and they do get preferential treatment), some people don’t get promotions regardless of the experience and dedication, some managers don’t even make eye contact with the regular Joe unless you play golf." ((in 12 reviews)); "Senior management is not the brightest by any stretch of the imagination, and junior expressing any ambition to contribute beyond their role is immediatley squashed." ((in 11 reviews))

What are employees saying about Principal Financial Group layoffs in 2026?

Explore Glassdoor’s employee reviews to understand what current and former employees are saying about Principal Financial Group layoffs and their outlook for job security at Principal Financial Group in 2026.

What are the top reviewed Principal Financial Group locations?

Ciudad de México , Monterrey , Torreón , Puebla , San Pedro Garza Garcia , Guadalajara , Querétaro , Cholula , Tehuacán , San Luis Potosí , León , Saltillo , Boca del Río , Aguascalientes , San Nicolás de los Garza

Principal Financial Group reviews

3.8

72% would recommend to a friend

(2,587 total reviews)

Deanna Strable

81% approve of CEO

69% positive business outlook

Company ratings over time

Ratings trend for the last 6 months (2,587 reviews)

Ratings by demographic groups

Race / Ethnicity

Gender

Sexual orientation

Disability

Parent or family caregiver

Veteran status

Principal Financial Group has an employee rating of 3.8 out of 5 stars, based on 2,587 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Principal Financial Group employee rating is in line with the average (within 1 standard deviation) for employers within the Finanzas industry (3.7 stars).

Reviews by job title

3K reviews

3.0

Sep 16, 2024

Relationship Manager, Retirement

Client relationship manager

Recommend

CEO approval

Business Outlook

Pros

Principal provides great training, tools and resources. Principal offers an inclusive culture with a flexible work environment.

Cons

Support and growth opportunities seem to be dwindling at this company. Pay is low and salary increases are low.

Principal Financial Group Response

1y

Thank you for for taking the time to leave a review. As a leading provider of retirement solutions and employee benefits, we offer our employees a competitive benefits package. One of our guiding principles of our global pay philosophy is to be market driven. This means that total pay is set and administered in alignment with the external labor markets in which we compete for talent. We use third-party market data to help ensure base salary and incentives are appropriately aligned.

4.0

Sep 14, 2024

Great employer culture could use some work

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

Good benefits, relatively competitive pay, and amazing people.

Cons

Culture feels like a lot of talk, but very little follow-through on the taking care of people aspect and the change to keep up with the times aspect.

Principal Financial Group Response

1y

Thank you for taking the time to provide your feedback. We're invested in building the best possible experience for our employees. In that spirit we encourage you to visit the HR Service Center to provide your feedback.

4.0

Sep 13, 2024

Operations

Human resources

Recommend

CEO approval

Business Outlook

Pros

Work life balance and good peers

Cons

Movements and promotions, lacks training

Viewing 391 - 393 of 2,587 Reviews

Jobs at Principal Financial Group

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