Job Description

College Financial Representative Internship

Northwestern Mutual

Location: 633 Chestnut St Ste 1100

Overview

This internship program at Northwestern Mutual provides College Financial Representatives with guidance, connection, and a framework to build an integrated financial planning practice from the ground up. Interns, from varying academic backgrounds and experiences, will begin to build their financial planning practice by engaging with local and nationwide experts, exclusive financial products, and the robust support of a Fortune 500 company. This is an opportunity to build confidence, develop a professional network, and empower individuals to achieve financial freedom. Hard work is directly rewarded!

Responsibilities

Our internship program closely mimics 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 a personal 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 Risk Product State Licensing: Life, Accident, and Health.
• Build life skills that create future career opportunities.

As a Northwestern Mutual College Financial Representative, you can expect a flexible schedule designed to work around your life and classes. With the option to participate in our internship program year-round, you can continue to grow your practice and obtain support for registrations and certifications such as the Series 6 & 63 or CFP®. Interns are inspired at local and national recognition events, earn access to leadership programs, and collaborate with experts in our business. Diverse resources are provided across our culture to ensure personal and professional growth within this program. With interest, 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 will possess:

• Full-time student status; juniors and seniors preferred.
• Entrepreneurial ambitions and a curiosity for sales.
• High involvement on campus (e.g., leader, athlete, campus organizations, student government, etc.).
• Excellent time-management skills.
• A genuine 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 spend their lives living through comprehensive and innovative financial planning. The company combines the expertise of its financial professionals with a personalized digital experience and industry-leading products to give clients the ability to successfully navigate their financial lives.

Their tailored approach includes multiple financial strategies—insurance, investments, and annuities—built to reinforce each other, keeping clients consistently on track to meet goal after goal. Northwestern Mutual leads with unmatched financial strength and provides access to the best products and services for their clients.

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

As a company, Northwestern Mutual values an inclusive and belonging workplace where everyone’s unique viewpoints bring new successes. They strive to create teams that reflect their customers and communities, fostering an environment where all employees are welcomed, valued, and heard.

Why Join Northwestern Mutual?

• Fortune 500 company (2023).
• Ranked among the Top 100 Internship Programs, Yello x WayUp (2022).
• Serving over 5.0 million clients and growing.²
• Manages or holds $257 billion in retail investment client assets.³
• Recognized as one of Forbes’ Best Employers for Diversity (2018-2021).
• Possesses unsurpassed financial strength.⁴
• Consistently named a Best Place to Work for LGBTQ+ Equality by the Human Rights Campaign Corporate Equality Index (2015-2021).

Salary Range

USD $500.00 – $1,000.00 /Year (Performance-based earnings and additional incentives are also provided, as detailed above).

Footnotes & Disclaimers

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)