College Financial Representative Internship

Job Description

Job Title: College Financial Representative Internship

Location: 3600 Minnesota Dr

Overview:

Embark on a rewarding journey as a College Financial Representative in Northwestern Mutual’s internship program. This program offers a unique opportunity to build an integrated financial planning practice from the ground up, providing you with guidance, connection, and a robust framework for success. Interns from diverse academic backgrounds will engage with local and nationwide experts, leverage exclusive financial products, and benefit from the support of a Fortune 500 company.

This internship is designed to help you build confidence, develop a professional network, and empower individuals to achieve financial freedom. Your hard work here directly translates into tangible results and growth.

Key Responsibilities:

Mimicking our full-time Financial Representative career, this internship allows you to:

• Learn essential skills in prospecting and networking to establish your business and client base.
• Develop and execute effective business strategies.
• Initiate contact with potential clients and set meetings to comprehend their unique financial aspirations.
• Prepare comprehensive financial plans and provide valuable, actionable recommendations.
• Gain hands-on exposure to proprietary financial planning software platforms.
• Actively participate in weekly coaching, training, and development meetings.
• Receive support to obtain crucial Risk Product State Licensing for Life, Accident, and Health.
• Cultivate valuable life skills that will serve as a foundation for future career opportunities.

Program Highlights & Benefits:

• Flexible Schedule: Designed to seamlessly integrate with your academic life and classes.
• Year-Round Participation: Option to continue growing your practice and receive ongoing support.
• Certification Support: Assistance for registrations and certifications such as the Series 6 & 63 or CFP ® (eligibility required).
• Recognition & Leadership: Access to local and national recognition events and leadership programs.
• Expert Collaboration: Opportunity to collaborate with industry experts and leverage diverse company resources for personal and professional growth.
• Full-Time Opportunities: Eligible students have the chance to interview for a full-time Financial Representative or Advisor role upon graduation.

Qualifications – Are You a Fit?

We are seeking ambitious and driven individuals who are:

• A full-time student, with a preference for juniors and seniors.
• Possessing entrepreneurial ambitions and a genuine curiosity for sales.
• Highly involved on campus (e.g., leader, athlete, campus organizations, student government).
• Demonstrating excellent time-management skills.
• Showing a keen interest in financial literacy and planning tools.
• Exhibiting business savvy and a desire to enhance critical thinking abilities.

Compensation & Support:

• Performance-based earnings and revenue.
• Learning and Development Incentives: Up to $1000/month (not inclusive of earned commissions).
• Productivity Bonuses.
• Licensing Support: Financial support for insurance licensing (life, health, DI, LTC).
• Registration Support: Assistance for SIE, Series 6, Series 63 registrations (eligibility required).

About Northwestern Mutual:

For over 165 years, Northwestern Mutual has been dedicated to helping clients live their lives to the fullest through comprehensive and innovative financial planning. We integrate the expertise of our financial professionals with personalized digital experiences and industry-leading products, enabling clients to navigate their financial journeys successfully.

Our tailored approach combines multiple financial strategies—insurance, investments, and annuities—designed to reinforce each other and keep clients consistently on track towards their goals. We pride ourselves on unmatched financial strength and providing access to the best products and services for our clients.

Our Financial Representatives and College Financial Representatives are valued partners and proud business owners, considered independent contractors¹ for income tax purposes and “statutory employees” for Federal Insurance Contributions Act (FICA) tax purposes.

Diversity & Inclusion: We foster an inclusive and belonging workplace where every unique viewpoint contributes to new successes. We strive to build teams that reflect our diverse customers and communities, creating an environment where all employees are welcomed, valued, and heard.

Why Join Northwestern Mutual?

• A proud Fortune 500 company (2023).
• Recognized among the Top 100 Internship Programs by Yello x WayUp (2022).
• Serving 5.0+ million clients and growing².
• Managing $257 billion in retail investment client assets held or managed by Northwestern Mutual³.
• Consistently recognized by Forbes’ Best Employers for Diversity (2018-2021).
• Boasting Unsurpassed financial strength⁴.
• Designated a Best Place to Work for LGBTQ+ Equality by the Human Rights Campaign Corporate Equality Index (2015-2021).

Salary Range:

USD $500.00 – USD $1,000.00 /Yr.

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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)