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Job Description
Job Title: College Financial Representative Internship
Location: 111 Veterans Mem Blvd
Overview of the Internship Program
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 guidance, connection, and a robust framework, regardless of their academic background. You will embark on building a financial planning practice, leveraging the expertise of local and nationwide professionals, gaining access to exclusive financial products, and benefiting from the support of a Fortune 500 company. This opportunity is designed to help you build confidence, develop a professional network, and empower individuals to achieve financial freedom. At Northwestern Mutual, hard work pays off!
Responsibilities
Our internship program is designed to mirror the responsibilities of a full-time Financial Representative, allowing you to:
- Learn how to prospect and network to build your business and client base.
- Develop and execute on a comprehensive business strategy.
- Call on potential clients and set meetings to understand their financial goals.
- Prepare financial plans and offer useful recommendations.
- Gain exposure to proprietary planning software platforms.
- Engage in weekly coaching, training, and development meetings.
- Receive support for Risk Product State Licensing: Life, Accident, and Health.
- Build valuable life skills that will create future career opportunities.
Program Structure & Additional Opportunities
As a Northwestern Mutual College Financial Representative, you can expect a flexible schedule designed to accommodate your life and academic commitments. The program offers the option to participate year-round, allowing you to continuously grow your practice. You will receive support for obtaining further registrations and certifications such as the Series 6 & 63 or CFP®. Interns are inspired at local and national recognition events, gain access to leadership development programs, and collaborate with experts across the business. Our diverse culture ensures you experience significant personal and professional growth. Eligible students also have the opportunity to interview for a full-time Financial Representative or Advisor role upon graduation.
Qualifications
We are looking for candidates who fit the following profile:
- Currently a full-time student; juniors and seniors are preferred.
- Possess entrepreneurial ambitions and a curiosity for sales.
- Highly involved on campus (e.g., leader, athlete, campus organizations, student government).
- Demonstrate excellent time-management skills.
- Hold an interest in financial literacy and planning tools.
- Exhibit 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).
Salary Range: USD $500.00 – USD $1,000.00 /Yr.
About Northwestern Mutual
For over 165 years, Northwestern Mutual has been dedicated to helping clients navigate their financial lives through comprehensive and innovative financial planning. We combine the expertise of our financial professionals with a personalized digital experience and industry-leading products. Our tailored approach incorporates multiple financial strategies—including insurance, investments, and annuities—designed to reinforce each other and keep clients on track to meet their goals. We are known for our unmatched financial strength and access to the best products and services for our clients.
Our Financial Representatives and College Financial Representatives operate as valued partners and proud business owners. They are classified as independent contractors1 for income tax purposes and “statutory employees” for Federal Insurance Contributions Act (FICA) tax purposes.
As a company, we are committed to fostering an inclusive and belonging workplace where every individual’s unique viewpoints contribute to success. We strive to build teams that reflect our diverse customers and communities, ensuring all employees feel welcomed, valued, and heard.
Why Join Northwestern Mutual?
- Recognized as a 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.
- Named one of Forbes’ Best Employers for Diversity (2018-2021).
- Boasts Unsurpassed financial strength4.
- Achieved “Best Place to Work for LGBTQ+ Equality” by the Human Rights Campaign Corporate Equality Index (2015-2021).
Important Disclosures:
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)