College Financial Representative Intern

Job Description

College Financial Representative Internship Program – Northwestern Mutual

Location: 1349 W Lane Ave

Overview:
Northwestern Mutual offers a dynamic internship program for College Financial Representatives, providing comprehensive guidance, robust connections, and a structured framework to build an integrated financial planning practice from the ground up. This program is designed for students from diverse academic backgrounds and experiences, enabling them to construct a financial planning practice while leveraging local and nationwide experts, exclusive financial products, and the unwavering support of a Fortune 500 company. Interns will develop confidence, expand their professional network, and empower clients to achieve financial freedom. This is an environment where hard work directly translates into significant rewards.

Responsibilities:
This internship program mirrors the full-time Financial Representative career, offering invaluable hands-on experience:

• Business Development: Learn and apply prospecting and networking strategies to cultivate a robust business and client base.
• Strategic Planning: Develop and execute a personal business strategy.
• Client Engagement: Proactively contact potential clients, schedule meetings, and conduct in-depth discussions to understand their financial goals.
• Financial Recommendations: Prepare tailored financial plans and provide useful, data-driven recommendations.
• Software Exposure: Gain hands-on experience with proprietary financial planning software platforms.
• Continuous Development: Participate in weekly coaching, training, and professional development meetings.
• Licensing: Receive support and training to obtain Risk Product State Licensing: Life, Accident, and Health.
• Skill Building: Develop essential life skills that create future career opportunities.

Program Features & Benefits:

• Flexible Schedule: Enjoy a flexible schedule designed to accommodate your academic commitments and personal life.
• Year-Round Participation: Option to participate in the internship program year-round, allowing for continuous growth and practice building.
• Certification Support: Receive support for registrations and certifications such as the Series 6 & 63 or CFP®.
• Recognition & Leadership: Access local and national recognition events, leadership programs, and opportunities to collaborate with industry experts.
• Personal & Professional Growth: Benefit from a culture rich with diverse resources dedicated to fostering both personal and professional development.
• Full-Time Opportunities: Eligible students have the opportunity to interview for a full-time Financial Representative or Advisor role upon graduation.

Qualifications:
Are you an ideal candidate for this internship?

• Academic Status: Full-time student, with a preference for juniors and seniors.
• Entrepreneurial Drive: Possess entrepreneurial ambitions and a strong curiosity for sales.
• Campus Involvement: Highly involved in campus activities (e.g., leader, athlete, campus organizations, student government).
• Time Management: Demonstrate excellent time-management skills.
• Financial Interest: Express a genuine interest in financial literacy and planning tools.
• Business Acumen: Exhibit business savvy and a desire to enhance critical thinking abilities.

Compensation & Benefits:

• Performance-Based Earnings: Primary income is derived from performance-based earnings and revenue (commission-based, as independent contractors).
• Learning and Development Incentives: Up to $1000 per month, not inclusive of earned commissions.
• Productivity Bonuses: Additional bonuses based on productivity.
• Licensing Support: Support for insurance licensing (life, health, disability income, long-term care).
• Registration Support: Support for SIE, Series 6, Series 63 registrations (eligibility required).
• Salary Range Clarification: The listed range of USD $500.00 – USD $1,000.00 /Yr likely refers to a base component or minimum guaranteed from the learning/development incentives. Actual earnings are primarily driven by performance and commissions, with incentives supplementing this.

About Northwestern Mutual:
For over 165 years, Northwestern Mutual has been dedicated to helping clients live fully through comprehensive and innovative financial planning. We integrate 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 and keep clients consistently on track towards their goals. We are distinguished by our unmatched financial strength and access to top-tier products and services.

Independent Contractor Status:
Our Financial Representatives and College Financial Representatives are valued partners and proud business owners. They are classified as independent contractors for income tax purposes and as “statutory employees” for Federal Insurance Contributions Act (FICA) tax purposes.

Diversity & Inclusion:
Northwestern Mutual is committed to fostering an inclusive and belonging workplace where every individual’s unique viewpoints contribute to new successes. We strive to build teams that reflect the diversity of our customers and communities, creating an environment where all employees are welcomed, valued, and heard.

Why Join Northwestern Mutual:

• Fortune 500 Company: Recognized as a Fortune 500 company (2023).
• Top Internship Program: Named among the Top 100 Internship Programs by Yello x WayUp (2022).
• Client Base: Serving over 5.0 million clients and continuously growing.
• Significant Assets: $257 billion in retail investment client assets held or managed by Northwestern Mutual.
• Award-Winning Employer:
  • Forbes’ Best Employers for Diversity (2018-2021).
  • Best Place to Work for LGBTQ+ Equality – Human Rights Campaign Corporate Equality Index (2015-2021).
• Unsurpassed Financial Strength: Consistently rated with unsurpassed financial strength among U.S. life insurers by leading rating agencies (Moody’s, A.M. Best, Fitch Ratings, S&P Global Ratings).