College Financial Representative Intern

Job Description

Job Title: College Financial Representative Internship Program
Location: 17802 W Interstate 10

Program Overview:
Northwestern Mutual’s College Financial Representative internship offers a comprehensive framework for building an integrated financial planning practice from the ground up. Interns receive guidance, connection, and robust support from a Fortune 500 company. This program allows students from diverse academic backgrounds to begin their careers in financial planning by leveraging local and nationwide experts and exclusive financial products. Participants will have the opportunity to build confidence, develop a professional network, and empower individuals to achieve financial freedom. The program emphasizes that hard work directly translates to success and reward.

Key Responsibilities:

• Learn to prospect and network to build a personal business and client base.
• Develop and execute on a strategic business plan.
• Engage with potential clients, conducting meetings to understand and address their financial goals.
• Prepare comprehensive financial plans and offer tailored recommendations.
• Gain hands-on experience with proprietary financial planning software platforms.
• Participate in weekly coaching, training, and development meetings.
• Work towards obtaining Risk Product State Licensing (Life, Accident, and Health).
• Cultivate essential life skills applicable to future career opportunities.

Program Structure & Growth Opportunities:

• Enjoy a flexible schedule designed to accommodate academic commitments.
• Option for year-round participation to continuously build your practice.
• Receive support for advanced registrations and certifications such as the Series 6, Series 63, or CFP® designation.
• Access local and national recognition events, leadership programs, and collaboration with industry experts.
• Benefit from diverse resources fostering personal and professional growth.
• Opportunity for eligible students to interview for full-time Financial Representative or Advisor roles upon graduation.

Qualifications:

• Currently enrolled as a full-time student (Juniors and Seniors preferred).
• Possess entrepreneurial ambitions and a curiosity for sales.
• Demonstrate strong campus involvement (e.g., leadership roles, athletics, student organizations, student government).
• Exhibit excellent time-management skills.
• Show a genuine interest in financial literacy and planning tools.
• Display business savvy and a desire to enhance critical thinking abilities.

Compensation & Benefits:

• Performance-based earnings and revenue.
• Learning and Development Incentives (up to $1000/month, in addition to earned commissions).
• Productivity Bonuses.
• Comprehensive support for insurance licensing (Life, Health, Disability Income, Long-Term Care).
• Support for SIE, Series 6, and Series 63 registrations (eligibility required).

About Northwestern Mutual:
For over 165 years, Northwestern Mutual has been a leader in providing comprehensive and innovative financial planning solutions. The company integrates the expertise of financial professionals with personalized digital experiences and industry-leading products. Northwestern Mutual’s tailored approach encompasses diverse financial strategies, including insurance, investments, and annuities, designed to work synergistically for client success. Known for its unmatched financial strength and access to top-tier products and services.

Role of Financial Representatives: College Financial Representatives are considered valued partners and proud business owners, operating as independent contractors for income tax purposes and “statutory employees” for FICA tax purposes.

Commitment to Diversity & Inclusion: Northwestern Mutual fosters an inclusive and belonging workplace, valuing diverse viewpoints and striving to create teams that reflect its customers and communities, ensuring all individuals are welcomed, valued, and heard.

Why Join Northwestern Mutual?

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

Salary Range: USD $500.00 – USD $1,000.00 /Yr.

Footnotes:
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)