College Financial Representative Internship

Job Description

About the Job: College Financial Representative Internship – Northwestern Mutual

Overview:
Northwestern Mutual is offering a College Financial Representative internship program designed for ambitious students at 210 N Edward Gary St. This program provides comprehensive guidance, connection, and a structured framework for building an integrated financial planning practice from the ground up. Interns from various academic backgrounds will begin to build a financial planning practice, leveraging local and nationwide experts, exclusive financial products, and the robust support of a Fortune 500 company. This is an unparalleled opportunity to build confidence, develop a professional network, and empower individuals to achieve financial freedom. Hard work is directly rewarded in this role.

Key Responsibilities:
Our internship program closely mirrors the full-time Financial Representative career, allowing you to:

• Learn how to prospect and network to build your business and client base.
• Develop and execute on a business strategy.
• Call on potential clients and set meetings to understand their financial goals.
• Prepare plans and offer useful recommendations.
• Gain exposure to proprietary planning software platforms.
• Engage in weekly coaching, training, and development meetings.
• Receive Risk Product State Licensing: Life, Accident, and Health.
• Build crucial life skills that create future career opportunities.

Program Structure & Growth Opportunities:
As a Northwestern Mutual College Financial Representative, you can expect a flexible schedule designed to accommodate your life and academic commitments. With the option to participate in our internship program year-round, you can continuously grow your practice and receive support for advanced registrations and certifications such as the Series 6 & 63 or CFP®. Interns are inspired at local and national recognition events, gain access to leadership programs, and collaborate with industry experts. Our culture provides diverse resources to ensure both personal and professional growth throughout the program. Eligible students also have an opportunity to interview for a full-time Financial Representative or Advisor role upon graduation.

Qualifications:
Are you a fit for this internship?

• Full-time student; juniors and seniors preferred.
• Entrepreneurial ambitions and a curiosity for sales.
• Highly involved on campus (e.g., leader, athlete, campus organizations, student government).
• Excellent time-management skills.
• Interest in financial literacy and planning tools.
• Business savvy and a desire to increase critical thinking abilities.

Compensation & Benefits:

• Performance-based earnings and revenue.
• Learning and Development Incentives (up to $1000/month, not inclusive of earned commissions).
• Productivity Bonuses.
• Support for insurance licensing (life, health, DI, LTC).
• Support 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 fully through comprehensive and innovative financial planning. We combine the expertise of our financial professionals with personalized digital experiences and industry-leading products to empower clients in navigating their financial lives successfully. Our tailored approach incorporates multiple financial strategies—including insurance, investments, and annuities—designed to reinforce each other, keeping clients consistently on track to meet their goals. We are recognized for our unmatched financial strength and access to best-in-class products and services for our clients.

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

As a company, we champion an inclusive and belonging workplace where everyone’s unique viewpoints contribute to new successes. We strive to create teams that mirror our diverse customers and communities, fostering an environment where all employees are welcomed, valued, and heard.

Why join Northwestern Mutual?

• Fortune 500 company (2023).
• Recognized as a Top 100 Internship Program, Yello x WayUp (2022).
• Serving 5.0+ million clients and growing.
• Manages or holds $257 billion in retail investment client assets.
• Named among Forbes’ Best Employers for Diversity (2018-2021).
• Boasts unsurpassed financial strength.
• Awarded 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. (Performance-based earnings and incentives are additional).

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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)