College Financial Representative (Internship)

Job Title: College Financial Representative (Internship Program)

Location: 301 N Neil St Ste 501

Overview

The College Financial Representative internship program at Northwestern Mutual offers a structured environment for students to build an integrated financial planning practice from the ground up. Interns receive comprehensive guidance, connection, and a robust framework. Coming from diverse academic backgrounds, our college financial representatives begin their journey by engaging with local and nationwide experts, gaining access to exclusive financial products, and benefiting from the extensive support of a Fortune 500 company. This program provides a unique opportunity to build confidence, develop a professional network, and empower individuals to achieve financial freedom. At Northwestern Mutual, hard work is recognized and rewarded.

Responsibilities

Our internship program mirrors the responsibilities of a full-time Financial Representative career, allowing you to:

• Learn how to prospect and network effectively to build your business and client base.
• Develop and execute a comprehensive business strategy.
• Initiate contact with potential clients and set meetings to understand their unique financial goals.
• Prepare detailed financial plans and offer useful, personalized recommendations.
• Gain exposure to proprietary planning software platforms.
• Engage in regular weekly coaching, training, and development meetings.
• Receive support for obtaining Risk Product State Licensing: Life, Accident, and Health.
• Build essential life skills that create future career opportunities.

As a Northwestern Mutual College Financial Representative, you will enjoy a flexible schedule designed to accommodate your academic life and classes. 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 your personal and professional growth throughout the program. Eligible students demonstrating interest also have the opportunity to interview for a full-time Financial Representative or Advisor role upon graduation.

Qualifications

Are you a fit for this internship?

• Currently a full-time student; juniors and seniors are preferred.
• Possess entrepreneurial ambitions and a genuine curiosity for sales.
• Highly involved on campus (e.g., leader, athlete, campus organizations, student government).
• Demonstrate excellent time-management skills.
• Exhibit an interest in financial literacy and planning tools.
• Possess 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 Us

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

Our tailored approach integrates multiple financial strategies—including insurance, investments, and annuities—designed to reinforce each other, consistently keeping our clients on track to meet their goals. We are distinguished by our unmatched financial strength and provide access to the best products and services for our clients.

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

As a company, we champion an inclusive and belonging workplace where everyone’s unique viewpoints drive new successes. We are committed to building teams that reflect our customers and communities, fostering an environment where all employees are welcomed, valued, and heard.

Why join Northwestern Mutual

• A recognized Fortune 500 company (2023).
• Ranked among the Top 100 Internship Programs by Yello x WayUp (2022).
• Serving 5.0+ million clients and growing².
• Manages or holds $257 billion in retail investment client assets³.
• Acknowledged by Forbes as a Best Employer for Diversity (2018-2021).
• Boasts Unsurpassed financial strength⁴.
• Awarded Best Place to Work for LGBTQ+ Equality by the Human Rights Campaign Corporate Equality Index (2015-2021).

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)

Salary Range

USD $500.00 – USD $1,000.00 /Yr. (Performance-based earnings and incentives on top of this)