College Financial Representative Intern

Job Description

About Company

Northwestern Mutual is a Fortune 500® company (June 2024) with over 165 years of experience in helping clients achieve financial freedom through comprehensive and innovative financial planning. They serve over 5.1 million clients and possess unsurpassed financial strength with total company assets of $366 billion.

Their approach combines the expertise of financial professionals with a personalized digital experience and industry-leading products. They offer tailored financial strategies including insurance, investments, and annuities, designed to reinforce each other and keep clients on track with their financial goals.

Northwestern Mutual values an inclusive and diverse workplace, striving to create teams that reflect their customers and communities. They have been recognized as one of Forbes’ Best Employers for Diversity (2023) and a Best Place to Work for LGBTQ+ Equality by the Human Rights Campaign Corporate Equality Index (2023).

Their Financial Representatives and College Financial Representatives are considered valued partners and proud business owners. For income tax purposes, they are classified as independent contractors, and for Federal Insurance Contributions Act (FICA) tax purposes, they are statutory employees. A national criminal background check is required for approval of an intern contract.

Job Description

This is an internship program for College Financial Representatives at Northwestern Mutual Philadelphia.

• Program Goal: To provide college students with guidance, connection, and a framework for building an integrated financial planning practice from the ground up, mimicking the full-time Financial Representative career.
• Timeline: Internships are available in Fall 2025, Spring 2026, or Summer 2026, with the option to participate year-round.
• Role Overview: College Financial Representatives, coming from diverse academic backgrounds, will have the unique opportunity to build a financial planning practice. This involves engaging with local and nationwide experts, selling exclusive financial products, and benefiting from the support of a Fortune 500 company. The program aims to help interns build confidence, develop a professional network, and empower people to achieve financial freedom. Hard work is emphasized as a key to success.
• Key Responsibilities and Activities:
• Learning how to prospect and network to build a personal business and client base.
• Developing and executing a business strategy.
• Calling on potential clients and setting meetings to understand their financial goals.
• Preparing financial plans and offering useful recommendations.
• Gaining exposure to proprietary planning software platforms.
• Engaging in weekly coaching, training, and development meetings.
• Obtaining the Life, Accident, and Health insurance license.
• Skills and Experiences Gained:
• Confidence building.
• Professional network development.
• Understanding of financial literacy and planning tools.
• Exposure to sales and business strategy.
• Development of critical thinking abilities and business savvy.
• Life skills that create future career opportunities.
• Schedule Flexibility: The program offers a flexible schedule to accommodate college life and classes.
• Career Progression and Support:
• Continued growth and support for registrations and certifications like the Series 6 & 63 or CFP® (eligibility required).
• Access to local and national recognition events.
• Opportunity to earn access to leadership programs.
• Collaboration with experts in the business.
• Diverse resources for personal and professional growth.
• Eligible students have the opportunity to interview for a full-time Financial Representative or Advisor role upon graduation.
• Ideal Candidate Profile:
• Full-time student (juniors and seniors preferred).
• Possesses entrepreneurial ambitions and curiosity for sales.
• Highly involved on campus (e.g., leader, athlete, campus organizations, student government).
• Excellent time-management skills.
• 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).
• Recognition: The program was recognized among the Top 100 Internship Programs by Yello x WayUp (2024).