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Principal Financial Group

Engaged Employer

Principal Financial Group reviews

3.8

72% would recommend to a friend

(2,579 total reviews)
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Deanna Strable

82% approve of CEO

68% positive business outlook

Principal Financial Group has an employee rating of 3.8 out of 5 stars, based on 2,579 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
Mar 11, 2016
Recommend
CEO approval
Business Outlook

Pros

Great company, awesome big company perks, and has a mostly great overall culture. Work schedule is sorta flexible, they don't care if you're late if it is less than 30 minutes you don't even have to call in. You can flex up to hours per week with management approval. Some people can work from home. I have almost never had a problem getting time off. I have met Dan Houston in passing a few times. I shook his hand and saw him at the grocery to once, and he spoke. I have never met any other CEO in a casual setting.

Cons

My direct boss is not a critical thinker. My department requires a college education for even the lowest level entry job but my manager doesn't have one. My boss is a dinosaur that doesn't know how to use our computer tools or interpret new data beyond the obvious. Honestly, the type of general incompetence that my boss displays as a manager is like none other that I have seen. I also I think this person has a bias against black males or perhaps males in general. My boss does not remember names of guys that report to them and usually makes decisions that lean toward women when a disagreement happens even if they are obviously fundamentally wrong when compared to guidelines. There is not a lot of ethnic diversity and not a lot of diverse thinkers. When I was hired I had more work experience than my peers that started at the same time and 4 year college degree. Yet fresh graduates get paid more than I do who started after me. I think that it is possible that some of the resistance that I have felt could be because I am a minority. I am not say that my coworkers are bigots, I am just treated differently. It also doesn't help that my direct manager has been creating a negative narrative. I can't give the culture a high score because I am being mistreated, even though outside of my department has been a completely opposite experience. Benefits are not as good as Wells Fargo. Their might have been a lot of opportunities for me but my manager has made advancement and even transferring impossible. HR is not really responsive. They never followed up with me even via email. I would never recommend my company or department to any black male. Outside of that I might recommend them a non minority if I got a paid referral. 6 month outlook? I am sure they'll be around but sometimes I wonder. My department percentage of the overall revenue stream is probably less than 1% overall.

2.0
Aug 9, 2013

PFG is good, PGS fails

Recommend
CEO approval
Business Outlook

Pros

The review is about PGS, the Pune IT arm of PFG. Good work life balance in Pune. Good policies like cab transport, can take leave whenever you want. Many have misused the flexibility so that they did'nt need to work for years. Direct interaction with US team helps in gaining confidence to take complex work. This company is a very good place for those who want a very relax lifestyle , and don't care about career growth.

Cons

Poor management. The IJP system is flawed and is aimed to promote sycophants. Growth in terms of knowledge/system is discouraged. Participation in outside work (music, songs, dance, birthday songs) is considered more important than key projects. There are too many managers who dont understand why they exist and they pretend to know more than the HO folks. The so called L3,L2 (managers) get some one or two words from HO and then try to act as though they know it all. A level called AVP was created to "move up the value chain", so more festivities were executed! This company is good only for those who join managers and above. For any other level, team lead or developer, this company is only good, if you wish to take a break for 2 years from typically Indian IT service companies.

Viewing 49 - 51 of 2,579 Reviews

Glassdoor has 3,068 Principal Financial Group reviews submitted anonymously by Principal Financial Group employees. Read employee reviews and ratings on Glassdoor to decide if Principal Financial Group is right for you.