College Financial Representative Internship Program

Job Description

College Financial Representative Internship Program

Location: 7777 Center Ave Ste 350

Overview

The College Financial Representative internship program at Northwestern Mutual offers a unique opportunity for students to build an integrated financial planning practice from the ground up. Interns receive comprehensive guidance, establish valuable connections, and gain practical experience within a supportive framework. You will engage with local and nationwide experts, access exclusive financial products, and leverage the robust support of a Fortune 500 company. This program is designed to enhance your confidence, expand your professional network, and empower you to help individuals achieve financial freedom. At Northwestern Mutual, hard work is recognized and rewarded.

Responsibilities

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

• Learn how to prospect and network effectively to build your business and client base.
• Develop and execute a strategic business plan.
• Call on potential clients and schedule meetings to understand their financial goals.
• Prepare comprehensive financial plans and offer tailored recommendations.
• Gain exposure to proprietary financial planning software platforms.
• Participate in weekly coaching, training, and development meetings.
• Receive support to obtain Risk Product State Licensing: Life, Accident, and Health.
• Develop essential life skills that create future career opportunities.

As a Northwestern Mutual College Financial Representative, you can expect a flexible schedule that accommodates your academic commitments and personal life. The option to participate in our internship program year-round allows for continuous growth, with support for additional registrations and certifications such as the Series 6 & 63 or CFP®. You’ll find inspiration at local and national recognition events, gain access to leadership programs, and collaborate with industry experts. Our diverse culture provides ample resources for both personal and professional growth. Eligible students also have the opportunity to interview for a full-time Financial Representative or Advisor role upon graduation.

Qualifications

Are you a strong candidate for this internship?

• Full-time student; juniors and seniors preferred.
• Demonstrated entrepreneurial ambitions and a strong curiosity for sales.
• Highly involved on campus (e.g., leader, athlete, campus organizations, student government).
• Excellent time-management skills.
• Genuine interest in financial literacy and planning tools.
• Business savvy with 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. (Note: This range appears to refer to the Learning & Development Incentives, as primary compensation is performance-based.)

About Us

For over 165 years, Northwestern Mutual has been dedicated to helping clients live their lives to the fullest 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 journeys successfully. Our tailored approach integrates multiple financial strategies—including insurance, investments, and annuities—designed to reinforce each other and keep clients consistently on track towards 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 are valued partners and proud business owners. For income tax purposes, they are considered independent contractors, and “statutory employees” for Federal Insurance Contributions Act (FICA) tax purposes. We are committed to fostering an inclusive and belonging workplace where diverse viewpoints drive new successes. We strive to build teams that reflect our customers and communities, ensuring 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 5.0+ million clients and growing.
• $257 billion in retail investment client assets held or managed by Northwestern Mutual (as of June 30, 2023).
• Recognized by Forbes’ Best Employers for Diversity (2018-2021).
• Boasts Unsurpassed financial strength (among U.S. life insurers, as rated by Moody’s, A.M. Best, Fitch, and S&P Global).
• Named a Best Place to Work for LGBTQ+ Equality by the Human Rights Campaign Corporate Equality Index (2015-2021).

Important Notes & 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).