Job Description

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College Financial Representative Internship

Northwestern Mutual – 909 E Republic Rd

Are you looking to build an integrated financial planning practice from the ground up while still in college? Northwestern Mutual’s internship program offers a unique opportunity for aspiring financial professionals to gain real-world experience, develop critical skills, and build a professional network within a Fortune 500 company.

Job Overview & Program Highlights

As a College Financial Representative intern at Northwestern Mutual, you will be provided with comprehensive guidance, strong connections, and a proven framework to launch your career in financial planning. This program is designed to mirror our full-time Financial Representative career, offering you hands-on experience in building a business while still pursuing your academic goals. You’ll engage with local and nationwide experts, gain access to exclusive financial products, and benefit from the robust support system of a leading financial services firm.

This internship is an exceptional opportunity to build confidence, expand your professional network, and empower individuals to achieve financial freedom. At Northwestern Mutual, hard work pays off!

Key Responsibilities & What You’ll Learn

Our internship program provides a comprehensive learning experience, allowing you to:

• Learn how to prospect and network effectively to build your business and client base.
• Develop and execute a robust business strategy.
• Proactively call on potential clients and set meetings to understand their financial goals.
• Prepare tailored financial plans and offer useful recommendations.
• Gain exposure to proprietary planning software platforms.
• Participate in weekly coaching, training, and development meetings.
• Receive support for and obtain Risk Product State Licensing: Life, Accident, and Health.
• Develop essential life skills that create future career opportunities.

Internship Structure & Benefits

• Flexible Schedule: Work around your academic life and classes.
• Year-Round Participation: Option to continue growing your practice and receive ongoing support.
• Certification Support: Obtain support for registrations and certifications such as the Series 6 & 63 or CFP® (eligibility required).
• Recognition & Development: Get inspired at local and national recognition events, earn access to leadership programs, and collaborate with industry experts.
• Diverse Resources: Benefit from a culture that fosters personal and professional growth.
• Full-Time Opportunity: Eligible students have the opportunity to interview for a full-time Financial Representative or Advisor role upon graduation.

Qualifications – Are You a Fit?

We are looking for individuals who possess:

• Full-time student status; juniors and seniors are preferred.
• Entrepreneurial ambitions and a genuine curiosity for sales.
• High involvement on campus (e.g., leader, athlete, campus organizations, student government).
• Excellent time-management skills.
• A strong 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. (This appears to represent the monthly learning and development incentives, separate from performance-based earnings and commissions.)

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 in navigating their financial lives successfully. Our tailored approach integrates multiple financial strategies—including insurance, investments, and annuities—to ensure clients consistently meet their goals. We are known for our unmatched financial strength and access to the best products and services for our clients.

Our Culture & Values

Our Financial Representatives and College Financial Representatives are highly valued partners and proud business owners. We foster an inclusive and belonging workplace where every unique viewpoint contributes to new successes. We strive to create teams that reflect our diverse customers and communities, ensuring 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 by Yello x WayUp (2022).
• Serving over 5.0+ million clients and growing².
• Managing $257 billion in retail investment client assets held or managed by Northwestern Mutual³.
• Consistently ranked among Forbes’ Best Employers for Diversity (2018-2021).
• Boasts Unsurpassed financial strength⁴.
• Named a Best Place to Work for LGBTQ+ Equality by the Human Rights Campaign Corporate Equality Index (2015-2021).

Important Disclosures

¹Northwestern Mutual College Financial Representatives are Independent Contractors whose income is based on production. For income tax purposes, they are considered independent contractors and “statutory employees” for Federal Insurance Contributions Act (FICA) tax purposes. If offered 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 standards.

²As of June 30, 2023.

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

⁴Among 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).

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