84. Northwestern Mutual

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720 E. Wisconsin

Milwaukee, Wisconsin 53202

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Undergrad Internships

No. of undergrad internships in:

2005: 1,087

2006: 1,653

2007: 697

2006 interns from the following classes:

5% Freshman

25% Sophomores

45% Juniors

20% Seniors

5% Graduates

2006 interns from the following majors:

60% Business

0% Computer Science

0% Economics

0% Engineering

20% Liberal Arts

0% Math

0% Science

0% Undeclared

20% Other

100% of internships paid

0% of internships unpaid

Is there an offical summer internship program? Yes

Average length of summer program: 12 weeks

Minimum: NA weeks

Maximum: NA weeks

Average hourly wage: $NA*

Are interns paid on lump sum basis? Yes

Average total intern compensation: $NA*

21% of eligible 2006 interns received full-time job offers

NA% of interns with offers accepted

NOTE: Intern income is 100% derived from commissions and will, in turn, vary based on each individual's productivity.

Applicants & New Hires

435 undergrad campuses where employer recruited 2006-07

261 undergrad campuses where employer made job offers

Applicants for entry-level jobs

2005: NA

2006: 38,043

2007: NA

Entry-level hires

2005: 1,224

2006: 1,619

2007: 602

Entry-level hires who were undergrad interns

2005: 15%

2006: 13%

2007: 14%

Most important characteristics for new hires:

2-Communication Skills

3-Work Experience

1-Other

Entreprenuerial spirit

2006 new hires majored in:

60% Business

0% Computer Science

0% Economics

0% Engineering

20% Liberal Arts

0% Math

0% Science

0% Undeclared

20% Other

...and are:

NA% African American

NA% Hispanic American

NA% Asian American

NA% Other

28% Total minorities

17% Female

Salary & Benefits

Entry-level hires since Jan. 1

Average base salary: $45,000 to $49,999*

NA*% earn less than $35,000

NA*% earn $35,000 to $39,999

NA*% earn $40,000 to $44,999

NA*% earn $45,000 to $49,999

NA*% earn $50,000 to $54,999

NA*% earn $55,000 to $59,999

NA*% earn $60,000 to $64,999

NA*% earn $65,000 to $69,999

NA*% earn $70,000 and above

Bonuses, Overtime & Perks

0% received signing bonuses

Average signing bonus: $NA

0% received performance bonus first year on job

Average performance bonus, 2006: $NA

NA% of 2006 entry-level hires eligible for OT

NA% of 2006 entry-level hires not eligible for OT

Reimburse employees for ed expenses?: Yes

Do employees become eligible immediately?: Yes

Maximum annual education reimbursement: $NA

Full grad school sponsorship for jr. level employees? No

Partial grad school sponsorship for jr. level employees? No

Time Off

Is there a Paid Time Off (PTO) Bank? No*

If no, total paid vacation days:

During first year: 0*

After 1 year: 0*

After 3 years: 0*

After 5 years: 0*

After 10 years: 0*

Total paid holidays: 0*

Time off for religious observances: No*

If yes, max PTO days:

During first year: NA*

After 1 year: NA*

After 3 years: NA*

After 5 years: NA*

After 10 years: NA*

Total days off for religious observances: NA*

Is flex time available? Yes*

Sick, personal days, first year: 0*

Health Benefits

Do entry-level hires have access to health plan? Yes

Employees pay part of the cost? Yes

Does health plan provide dental coverage? Yes

Extra charge for dental coverage? Yes

Does health plan provide vision coverage? Yes

Extra charge for vision coverage? Yes

Are same sex partners permitted as dependents? Yes

Pension and Profit-sharing

Do entry-level hires have access to 401(k)? No

NA months to full vesting in 401(k)

Max. company match as a percentage of salary: NA%

Min. employee set-aside as a percentage of salary to receive max. co. match: NA%

If 401(k) match not calculated as percentage of salary, explain:

Are entry-level hires eligible for co-funded pension? Yes*

Months to full vesting in co-funded pension: 36

Are entry-level hires eligible for profit-sharing program? No

Months to full vesting in profit-sharing program: NA

Maternity/Paternity Leave

Maximum Maternity Leave

NA* days during first year

NA* days after 1 year

NA* days after 3 years

NA* days after 5 years

Maximum Paternity Leave

NA* days during first year

NA* days after 1 year

NA* days after 3 years

NA* days after 5 years

Other Benefits

Does company match employee charitable gifts? Yes

Max. annual company match for employee charitable gifts: $NA

Does company pay relocation expenses? NA

Max. annual relocation expenses? $NA

Employee Discounts

Car rentals

Gym memberships

Cell phone/service

Insurance

Cultural events

Publications

NOTE: All financial representatives are independent contractors and, thus, control their own schedules, including vacation time, holidays, sick/personal days, religious observances, maternity/paternity leave, and flex time arrangements.

Financial represenatives are not salaried employees and their compensation is on a commission basis.

Northwestern Mutual fully funds two pension plans: a defined benefit plan and a defined contribution plan. New hires are automatically enrolled in both.

Work Environment

60 hours worked weekly by entry-level hires on average

Does average vary by business unit, department? No

Entry-level hire work locations...

25% in open work stations

25% in cubicles

25% in shared offices

25% in private offices

0% have no company-supplied work space

Does organization monitor e-mail?: Yes

Does organization monitor Web usage? Yes

Typical dress code

Business Casual

Formal/Business

Does organization sponsor employee volunteer opportunities? Yes

Does organization offer employee daycare? Not offered

Does organization have fitness facilities on site? Some locations

Training Programs

Does your organization have a formal orientation program? Yes

If yes, how many days is it? 15

Orientation includes:

Computer Training

Guest Speakers

Diversity Exercises

Team Building Activities

Tour of Facilities

Sales training and product training

$NA average spent on training, per new hire, in 2006

Is there a formal leadership program for entry-level hires of a year or less? No

NA

Do candidates apply directly? NA

If not, how is eligibility determined? NA

When are new hires first eligible? NA

Is program rotational? NA

If yes, number of locations or business units: NA

Minimum rotations: NA

Maximum rotations: NA

Length of program, in weeks: NA

Minimum: NA weeks

Maximum: NA weeks

After program, employees offered permanent positions: NA

After program, do employees offered permanent position receive raise? NA

If yes, amount of typical raise: NA

Is there a formal leadership program for entry-level hires of a year or more? Yes

L.E.A.D. - Leadershop through Excellence Achievement and Development

Do candidates apply directly? No

If not, how is eligibility determined?

Sponsor and performance

When are new hires first eligible? Within 3 Years

Is program rotational? No

If yes, number of locations or business units NA

Minimum rotations: NA

Maximum rotations: NA

Length of program, in weeks: 104

Minimum: NA weeks

Maximum: NA weeks

After program, employees offered permanent positions: 25% to 49%

After program, do employees offered permanent position receive raise? Yes*

If yes, amount of typical raise: NA*

Does company have formal mentorship program? Yes

100% of entry-level hires participate

5 days of additional training expected

NOTE: Upon completion of the L.E.A.D. program, if the representative obtains a management contract the opportunity for additional income can vary. Management compensation is based on the total productivity of the representatives in eacher manager's unit.

Getting Ahead

Three-year retention rate: 17%

Five-year retention rate: 18%

How are raises determined?

NA

NA

NA

NA

When are entry-level hires eligible for first raise? Two years or more

How are promotions determined?

Performance

When are entry-level hires eligible for first promotion? Based on perfromance

Evaluations

Frequency of evaluations

Monthly

Important qualities

3-Customer Satisfaction

2-Effort

1-Quality

Min. tenure in years required for job change: NA

Describe any rules that apply:

Long-Term Prospects

Does position of VP exist at this organization? No

If not, is there a comparable title? Managing Partner and/or Managing Director

No. of employees who hold VP or similar title: 337

No. of employees with VP or similar title with 20 years plus seniority: 164

Age of youngest employee with VP or similar title: 27

Seniority of youngest employee with VP or similar title in years: 5