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 (47) , 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 253 reviews)); "Great culture although a lot of changes in industry due to uncertainty in the markets." ((in 179 reviews)); "Very fulfilling work with great people" ((in 145 reviews)); "good pay and bonuses ." ((in 99 reviews)); "Good work culture and processes" ((in 87 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 106 reviews)); "Most managers have next to no idea what an employee is doing and rely very heavily on surveys given to each team." ((in 43 reviews)); "There is no training and you are literally thrown into the fire and nobody helps you." ((in 38 reviews)); "Not well known in New England, poor leadership, fend for yourself, make money off your friends and family" ((in 36 reviews)); "management has gotten weaker and weaker, while upper management has become more focused on moving the stock price." ((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

(2,591 total reviews)

Deanna Strable

81% approve of CEO

69% positive business outlook

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 2,591 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

4.0

May 7, 2024

Good company

Software engineer

Recommend

CEO approval

Business Outlook

Pros

Work life balance, remote work

Cons

Low diversity and upward mobility

Principal Financial Group Response

2y

Thank you for taking the time to share your experience. At Principal, we seek to foster an innovative, inclusive, and collaborative culture that drives innovation and generates game-changing solutions for the communities we serve. We also want it to be clear to our employees that they are valued, invested in, and that we listen to their feedback. We ensure our employees can upskill and evolve in their roles and provide learning paths to train in areas such as cloud, data, and analytics. We encourage you to visit our internal resources to learn more about these opportunities.

3.0

May 7, 2024

Uninspired

Sr software engineer

Recommend

CEO approval

Business Outlook

Pros

Benefits are comprehensive and affordable. Retirement benefits stand out among similar companies. Historically has been viewed as a stable "good" company to work for in the Des Moines area. Campus and fitness center are very nice. Pay is not high, but it is usually fair in most cases.

Cons

Flexibility and rhetoric around work life balance is deteriorating. Even a few years ago, this was a differentiator for Principal. Conservative and slow approach to almost everything. Be prepared for nothing to happen quickly. Lots of workers coming and going. With the churn of employees, culture is shifting in an unusual way. Connections with peers and management are usually not genuine. Pressure on benefits and pay. Many of the changes made in the past 10 years have worked against the employee.

Principal Financial Group Response

2y

Thank you for taking the time to share experience. We remain committed to flexibility and supporting a variety of work arrangements to help balance the value employees place on flexibility with the value of working together in person when and where we can. We're also invested in building the best possible experience for our employees. It takes all of us to bring our enterprise strategy to fruition. We encourage you to have an open conversation with your leader and team about how you contribute to our success.

3.0

May 6, 2024

Lots of changes

Senior accountant

Recommend

CEO approval

Business Outlook

Pros

Working on better office culture

Cons

Constantly changing processes and doing transactions that are more complicated than the last

Principal Financial Group Response

2y

We appreciate your note. We're invested in building the best possible experience for our employees, and appreciate your feedback on processes as it helps us to grow and improve.

Viewing 511 - 513 of 2,591 Reviews

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