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Job Description
College Financial Representative Internship Program
Location: 11 E Superior St Ste 400
Overview
The College Financial Representative internship program at Northwestern Mutual offers a structured environment for students to build an integrated financial planning practice from the ground up. Interns receive guidance, connections, and a comprehensive framework to develop their skills. Coming from diverse academic backgrounds, our college financial representatives begin their journey by engaging with local and nationwide experts, exclusive financial products, and the robust support of a Fortune 500 company. This program provides an invaluable opportunity to build confidence, expand professional networks, and empower individuals to achieve financial freedom. At Northwestern Mutual, hard work pays off!
Responsibilities
Our internship program is designed to mirror 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 comprehensive 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 essential life skills that create future career opportunities.
Program Details & Growth Opportunities
As a Northwestern Mutual College Financial Representative, you can expect a flexible schedule that accommodates your academic and personal life. With the option to participate in our internship program year-round, you can continuously grow your practice and receive support for advanced registrations and certifications such as the Series 6 & 63 or CFP®. Interns are inspired at local and national recognition events, gain access to leadership programs, and collaborate with experts across the business. Our culture provides diverse resources to ensure both personal and professional growth. Eligible students with interest will have the opportunity to interview for a full-time Financial Representative or Advisor role upon graduation.
Qualifications
Are you a fit for this internship? We are looking for individuals who are:
- A full-time student; juniors and seniors preferred.
- Possess entrepreneurial ambitions and curiosity for sales.
- Highly involved on campus (e.g., leader, athlete, campus organizations, student government).
- Demonstrate excellent time-management skills.
- Have an interest in financial literacy and planning tools.
- Are business savvy with a strong 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 Us
For over 165 years, Northwestern Mutual has helped clients achieve financial security 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 to successfully navigate their financial lives. Our tailored approach integrates multiple financial strategies—including insurance, investments, and annuities—designed to reinforce each other and keep clients on track to meet their goals. We are renowned for our unmatched financial strength and access to top-tier products and services.
Our Financial Representatives and College Financial Representatives are valued partners and proud business owners. They are considered independent contractors for income tax purposes and “statutory employees” for Federal Insurance Contributions Act (FICA) tax purposes.
As a company, we champion an inclusive and belonging workplace where diverse viewpoints drive success. We strive to build teams that reflect our customers and communities, fostering an environment where all employees are welcomed, valued, and heard.
Why join Northwestern Mutual?
- A proud Fortune 500 company (2023).
- Recognized among the Top 100 Internship Programs, Yello x WayUp (2022).
- Serving 5.0+ million clients and growing2.
- Manages or holds $257 billion in retail investment client assets3.
- Named one of Forbes’ Best Employers for Diversity (2018-2021).
- Boasts Unsurpassed financial strength4.
- Awarded Best Place to Work for LGBTQ+ Equality – Human Rights Campaign Corporate Equality Index (2015-2021).
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)
Salary Range
USD $500.00 – USD $1,000.00 /Yr.