College Financial Representative Internship

Job Description

Job Title: College Financial Representative Internship

Company: Northwestern Mutual

Location: 111 S Calvert St (General reference)

Overview:

Northwestern Mutual’s College Financial Representative internship program provides full-time students with guidance, connection, and a framework to build an integrated financial planning practice from the ground up. Interns, regardless of academic background, gain the opportunity to build a financial planning practice while engaging with local and nationwide experts, exclusive financial products, and the robust support of a Fortune 500 company. This program is designed to build confidence, develop a professional network, and empower individuals to help others achieve financial freedom. Hard work is directly rewarded.

Responsibilities:

Our internship program mirrors the experience of a full-time Financial Representative career, offering the chance to:

• Learn how to prospect and network effectively to build your business and client base.
• Develop and execute a comprehensive business strategy.
• Call on potential clients and set meetings to thoroughly understand their financial goals.
• Prepare tailored 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 invaluable life skills that create future career opportunities.

As a Northwestern Mutual College Financial Representative, you can expect a flexible schedule to accommodate your life and academic commitments. With the option for year-round participation, you can continuously grow your practice and receive support for additional 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 industry experts. Our culture provides diverse resources to ensure 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 fit for this internship?

• Full-time student; juniors and seniors preferred.
• 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).

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

About Northwestern Mutual:

For over 165 years, Northwestern Mutual has been dedicated to helping clients live their lives 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 successfully navigate their financial lives. Our tailored approach incorporates multiple financial strategies—insurance, investments, and annuities—designed to reinforce each other and keep clients consistently on track to meet their goals. We are distinguished by unmatched financial strength and access to the best products and services for our clients.

Our Financial Representatives and College Financial Representatives are highly 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 unique viewpoints drive new successes. We strive to build teams that reflect our diverse customers and communities, fostering an environment where all employees are welcomed, valued, and heard.

Why join Northwestern Mutual:

• Fortune 500 company (2023).
• 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.
• Forbes’ Best Employers for Diversity (2018-2021).
• Unsurpassed financial strength (among U.S. life insurers, rated by Moody’s, A.M. Best, Fitch, S&P Global).
• Best Place to Work for LGBTQ+ Equality- Human Rights Campaign Corporate Equality Index (2015-2021).

Important Notes:

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).