College Financial Representative Intern

Job Description

Here is the enriched job description for the College Financial Representative internship program at Northwestern Mutual:

College Financial Representative Internship Program – Building a Financial Planning Practice

Location: 3883 Howard Hughes Pkwy

Overview of the Program

The College Financial Representative internship at Northwestern Mutual offers a unique opportunity for aspiring professionals to build an integrated financial planning practice from the ground up. Interns receive comprehensive guidance, establish valuable connections, and gain access to a robust framework supported by a Fortune 500 company. Regardless of academic background, participants engage with local and nationwide experts, leverage exclusive financial products, and develop a strong professional network. This program is designed to significantly boost your confidence, enhance your skills, and empower you to help individuals achieve financial freedom, where hard work is truly rewarded.

Key Responsibilities & Learning Opportunities

This internship program is structured to mirror the full-time Financial Representative career, providing invaluable hands-on experience:

• Business Development: Learn and apply prospecting and networking strategies to build your client base and grow your business.
• Strategic Planning: Develop and execute on a personal business strategy.
• Client Engagement: Initiate contact with potential clients, set meetings, and conduct in-depth discussions to understand their financial aspirations.
• Financial Recommendations: Prepare tailored financial plans and offer insightful, actionable recommendations to clients.
• Technology Exposure: Gain practical experience with proprietary financial planning software platforms.
• Ongoing Development: Participate in weekly coaching, training, and development meetings designed to foster continuous growth.
• Licensing & Certifications:
  • Receive support for Risk Product State Licensing: Life, Accident, and Health.
  • Opportunity to obtain support for additional registrations and certifications such as the Series 6, Series 63, or CFP® (eligibility required).
• Life Skills: Acquire essential life skills that open doors to diverse future career opportunities.

Flexible Schedule & Career Growth

As a Northwestern Mutual College Financial Representative, you will benefit from a flexible schedule that accommodates your academic commitments and personal life. The internship can be year-round, allowing you to continuously grow your practice. Interns are inspired at local and national recognition events, gain access to leadership development programs, and collaborate with industry experts. A diverse range of resources is available to ensure both personal and professional growth. Eligible students also have the opportunity to interview for a full-time Financial Representative or Advisor role upon graduation.

Who We’re Looking For (Qualifications)

Are you a strong fit for this dynamic internship? We seek individuals who embody the following:

• Student Status: Full-time student; juniors and seniors are preferred.
• Entrepreneurial Spirit: Possess strong entrepreneurial ambitions and a natural curiosity for sales.
• Campus Involvement: Highly involved in campus activities (e.g., leader, athlete, campus organizations, student government).
• Organizational Skills: Demonstrate excellent time-management abilities.
• Financial Interest: A genuine interest in financial literacy and planning tools.
• Business Acumen: Exhibit business savvy and a desire to enhance critical thinking abilities.

Compensation & Benefits

This performance-based internship offers:

• Performance-Based Earnings: Income directly tied to your productivity and revenue generation.
• Learning & Development Incentives: Up to $1000/month (not inclusive of earned commissions).
• Productivity Bonuses: Additional bonuses for achieving productivity targets.
• Licensing Support: Comprehensive support for insurance licensing (life, health, disability income, long-term care).
• Registration Support: Assistance with SIE, Series 6, and Series 63 registrations (eligibility required).

About Northwestern Mutual

For over 165 years, Northwestern Mutual has been dedicated to helping clients live fully 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 navigate their financial lives 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 pride ourselves on unmatched financial strength and access to the best products and services for our clients.

Northwestern Mutual’s Financial Representatives and College Financial Representatives are valued partners and proud business owners. They are considered independent contractors¹ for income tax purposes and a “statutory employee” for Federal Insurance Contributions Act (FICA) tax purposes. We are committed to fostering an inclusive and belonging workplace where diverse viewpoints lead to new successes, reflecting our customers and communities.

Why Join Northwestern Mutual?

• Recognized as a Fortune 500 company (2023).
• Named among the Top 100 Internship Programs by Yello x WayUp (2022).
• Serving over 5.0+ million clients and growing².
• Manages or holds $257 billion in retail investment client assets³.
• Consistently recognized on Forbes’ Best Employers for Diversity (2018-2021).
• Boasts Unsurpassed Financial Strength⁴ among U.S. life insurers.
• Achieved “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.

Important Notes & Disclaimers

¹ Northwestern Mutual College Financial Representatives are Independent Contractors whose income is based on production. Should an offer be extended to apply for approval of an intern contract, a national criminal background check is required. Approval to contract will be withdrawn if background check results do not meet Northwestern Mutual’s criteria for employment.

² As of June 30, 2023

³ Combined client assets of NMIS and NMWMC as of June 30, 2023

⁴ 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).