College Financial Representative Intern

Job Description

Location: 1800 S 52nd St Ste 200

Overview: College Financial Representative Internship

Northwestern Mutual offers a dynamic internship program for College Financial Representatives, providing a comprehensive framework for building an integrated financial planning practice from the ground up.

Interns, from diverse academic backgrounds and experiences, gain:

• Guidance and Connection: Structured support for professional development.
• Expert Access: Engagement with local and nationwide financial experts.
• Exclusive Products: Exposure to proprietary financial products.
• Fortune 500 Support: Leverage the backing of a leading financial institution.

This program offers a unique opportunity to build confidence, develop a professional network, and empower individuals to achieve financial freedom. Hard work is directly rewarded.

Key Responsibilities:

As a College Financial Representative Intern, your role mirrors that of a full-time Financial Representative, enabling you to:

• Prospect and Network: Learn how to build your business and client base effectively.
• Develop Business Strategy: Create and execute a personal business strategy.
• Client Engagement: Call on potential clients and set meetings to understand their financial goals.
• Financial Planning: Prepare plans and offer useful recommendations.
• Software Exposure: Gain exposure to proprietary planning software platforms.
• Continuous Development: Engage in weekly coaching, training, and development meetings.
• Licensing: Receive Risk Product State Licensing (Life, Accident, and Health).
• Skill Building: Build valuable life skills that create future career opportunities.

Program Structure & Growth Opportunities:

• Flexible Schedule: Designed to work around your life and classes.
• Year-Round Participation: Option to participate in our internship program year-round.
• Advanced Certifications: Obtain support for registrations and certifications such as the Series 6 & 63 or CFP® (eligibility required).
• Recognition & Leadership: Get inspired at local and national recognition events, and earn access to leadership programs.
• Expert Collaboration: Collaborate with experts in our business and leverage diverse resources for personal and professional growth.
• Full-time Potential: Eligible students have an opportunity to interview for a full-time Financial Representative or Advisor role upon graduation.

Qualifications:

Are you a fit for this internship? Ideal candidates possess:

• Academic Standing: Full-time student; juniors and seniors preferred.
• Entrepreneurial Spirit: Entrepreneurial ambitions and curiosity for sales.
• Campus Involvement: Highly involved on campus (leader, athlete, campus orgs, student government, etc.).
• Organizational Skills: Excellent time-management skills.
• Financial Interest: Interest in financial literacy and planning tools.
• Business Acumen: Business savvy and a desire to increase critical thinking abilities.

Compensation & Benefits:

• Performance-Based Earnings: Revenue directly tied to your production.
• Learning & Development Incentives: Up to $1,000/month (not inclusive of earned commissions).
• Productivity Bonuses: Additional rewards for strong performance.
• Licensing Support: Support for insurance licensing (Life, Health, DI, LTC).
• Registration Support: Support for SIE, Series 6, Series 63 registrations (eligibility required).

Salary Range (Estimated Annual): USD $500.00 – USD $1,000.00 /Yr.

About Northwestern Mutual:

For over 165 years, Northwestern Mutual has been dedicated to helping clients achieve financial security through comprehensive and innovative financial planning. The company combines the expertise of its financial professionals with a personalized digital experience and industry-leading products.

Their tailored approach integrates various financial strategies—insurance, investments, and annuities—to ensure clients consistently meet their financial goals. Northwestern Mutual is recognized for its unmatched financial strength and access to top-tier products and services.

Independent Contractor Status: Financial Representatives and College Financial Representatives are valued partners and proud business owners. As such, they are considered independent contractors ¹ for income tax purposes, and a “statutory employee” for Federal Insurance Contributions Act (FICA) tax purposes.

Commitment to Diversity: Northwestern Mutual values an inclusive and belonging workplace, fostering an environment where all employees’ unique viewpoints are welcomed, valued, and heard. The company strives to create teams that reflect its diverse customers and communities.

Why Join Northwestern Mutual?

• Fortune 500 Company: Recognized in 2023.
• Top 100 Internship Programs: Ranked by Yello x WayUp in 2022.
• Growing Client Base: Serving over 5.0 million clients ².
• Significant Assets: Manages $257 billion retail investment client assets ³.
• Award-Winning Diversity: Forbes’ Best Employers for Diversity (2018-2021) and Best Place to Work for LGBTQ+ Equality by Human Rights Campaign Corporate Equality Index (2015-2021).
• Unsurpassed Financial Strength: Consistently rated highly among U.S. life insurers ⁴.

Important Disclosures & Notes:

1. Northwestern Mutual College Financial Representatives are Independent Contractors whose income is based on production. If offered to apply for approval of an intern contract to become a Northwestern Mutual College Financial Representative, a national criminal background check is required. Should the background check results provide information which would not allow someone to work for Northwestern Mutual, approval to contract will be withdrawn.
2. As of June 30, 2023.
3. Combined client assets of NMIS and NMWMC as of June 30, 2023.
4. Among U.S. life insurers. Ratings are for The Northwestern Mutual Life Insurance Company and Northwestern Long Term Care Insurance Company, as of the most recent review and report by each rating agency. Ratings as of: 06/23 (Moody’s Investors Service), 08/23 (A.M. Best Company), 08/23 (Fitch Ratings), 05/23 (S&P Global Ratings).