Northwestern Mutual Salary

As of July 2026, the average annual salary for employees at Northwestern Mutual in the United States is $125,990. This translates to an approximate hourly wage of $61. Salaries at Northwestern Mutual typically range from $113,206 to $141,828 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Northwestern Mutual Pay for Different Roles?

Explore detailed salary information for specific jobs at Northwestern Mutual. Based on our data, the highest paying job is the AD CS Transformation, with an annual salary of $202,846. The table below outlines the annual salary ranges for most popular roles within the company.

100379 - Mgr Case Mgmt

$78,500 / year

Salary Range: $69,415 - $89,795

Property and Casualty Insurance Underwriting

Accountant I

$64,576 / year

Salary Range: $58,925 - $70,819

Finance and Accounting

AD - Supervision & Control Monitoring

$87,466 / year

Salary Range: $75,803 - $102,435

Compliance

AD CS Transformation

$202,846 / year

Salary Range: $175,059 - $231,350

Total Quality

AD HR Business Partner

$88,212 / year

Salary Range: $79,628 - $98,355

Human Resources

Administative Assistant III

$66,073 / year

Salary Range: $57,219 - $75,306

Legal

Turn Insight into Opportunity: Current Job Openings

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About Northwestern Mutual: Company Profile

Website
www.northwesternmutual.com
Founded In
1857
Employees
15,000 - 50,000 employees
Industry
Insurance
Headquarter Location
NEW YORK
Revenue
$10B - $50B
Phone Number
-
Social Media
About NORTHWESTERN MUTUAL
Northwestern Mutual offers life insurance, long-term care insurance, disability insurance, annuities, mutual funds, and employee benefit services.

Employee Reviews: Insights on Salary, Culture & Work-Life

Gain authentic perspectives from current and former employees. These anonymous reviews offer invaluable insights into Northwestern Mutual's culture, work-life balance, management, and employee sentiment regarding salary satisfaction, bonus payouts, and benefits.
The insurance industry is fast-paced, but the company provides strong support. The compensation is fair, and the company culture promotes inclusivity. The insurance industry can be demanding, but processes here are well-organized. A company with fair policies.
The work-life balance is respected, and remote work options are a plus. Highly recommended for those in the insurance field. It’s a suitable place for those who prefer a predictable work routine in the insurance field. The team is knowledgeable and always willing to help. It’s a great environment for those who value both professional growth and personal well-being.
A great environment for ambitious professionals. The office has a modern setup, and hybrid work options are available. The team is cohesive, and teamwork is highly encouraged. The hybrid policy allows for flexibility, and management trusts employees to manage their time effectively. The culture promotes both individual accountability and teamwork. Managers are approachable and encourage feedback. ...
The insurance sector can be demanding, but the support here makes it manageable. The team is collaborative, and management values feedback. The insurance products are strong, and client service is a priority. The benefits package is competitive, including health coverage, retirement plans, and wellness programs. The company fosters a positive and collaborative work environment.

Is Northwestern Mutual’s Pay Competitive? Salary Benchmarking Analysis

How does Northwestern Mutual's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.
Competitor / Benchmark Avg. Salary Variance Primary Market Influence Factor & Explanation
NAEF'S PERFORMANCE $46,387
-63.2%
NAEF'S PERFORMANCE focuses strategically on recruiting and training entry-level apprentices.
N T VINCENT INSURANCE $81,749
-35.1%
Normalized for lower cost-of-living zones where N T VINCENT INSURANCE primarily operates.
N&C CLAIMS SERVICE INC $86,656
-31.2%
Reflects market rates for standard general contracting, differing from specialized roles.
N5R $73,493
-41.7%
Typical compensation structure for smaller regional agencies like N5R.
Insurance Industry $123,858
-1.7%
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.
Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

What Is the Cost of Living Near New York?

Understanding the cost of living near New York is key to truly evaluating a salary offer or your current compensation at Northwestern Mutual.
New York City's Cost of Living Index is approximately 204.5 (104.5% more than US average; 63.5% more than NY average). Extremely expensive globally, driven by exorbitant housing. Extensive MTA subway/bus. When planning your budget based on a salary from Northwestern Mutual, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $3,500 - $5,000+ (Highly variable by borough) A significant portion of Northwestern Mutual salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $127 (MTA 30-day MetroCard) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $450 - $700 Can be higher with more dining out or specialty stores.
Personal & Leisure $500 - $1,000+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $450 - $800+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $5,177 - $7,877+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

Most Common Questions About Northwestern Mutual

FAQ 1: What is the typical salary range (low to high) for most roles at Northwestern Mutual?
The typical annual salary range for most roles at Northwestern Mutual is approximately from $113,206 to $141,828. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.
FAQ 2: How much does Northwestern Mutual pay compared to NAEF'S PERFORMANCE?
The average annual salary at Northwestern Mutual is $125,990, or an hourly wage of $61, in comparison to NAEF'S PERFORMANCE which pays $46,386 per year or $22 per hour.
FAQ 3: How does experience level affect salary at Northwestern Mutual?
Experience level is a significant factor in determining salary at Northwestern Mutual, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.
FAQ 4: How can I determine if a salary offer from Northwestern Mutual in New York is fair given the local cost of living?
To determine if a salary offer from Northwestern Mutual in New York is fair, first compare the gross salary to our data for similar roles at Northwestern Mutual and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for New York" to understand its purchasing power.
FAQ 5: What are the key factors that influence salary levels at Northwestern Mutual?
Several key factors influence salary levels at Northwestern Mutual. These primarily include: 1. Job Role & Responsibilities: More complex roles with greater impact typically command higher pay. 2. Experience & Skills: Your years of relevant experience and specific in-demand skills are critical. 3. Performance: Strong performance can lead to higher raises and bonuses. 4. Location: Office location impacts pay due to varying local market rates and cost of living. 5. Industry Benchmarks: Northwestern Mutual likely benchmarks its salaries against other companies in the Insurance sector. You can explore how these factors play out in our detailed salary data.