College Financial Representative Internship

Job Description

Job Title: College Financial Representative Internship

Location: 18575 Jamboree Rd

Overview: Build Your Future in Financial Planning

Embark on a transformative journey with Northwestern Mutual’s College Financial Representative internship program. This unique opportunity offers ambitious students a comprehensive framework to launch and build an integrated financial planning practice from the ground up. As a Fortune 500 company with over 165 years of industry leadership, we provide unparalleled guidance, extensive connections, and a robust support system. You’ll gain invaluable hands-on experience, develop essential professional skills, and contribute to helping individuals achieve financial freedom, all while working with local and nationwide experts and exclusive financial products. Hard work and dedication are recognized and rewarded here, empowering you to build confidence and expand your professional network.

Key Responsibilities: Mimicking a Full-Time Career

Our internship program is meticulously designed to mirror the responsibilities of a full-time Financial Representative, providing you with a realistic and enriching experience. You will:

• Master Prospecting and Networking: Learn proven strategies to cultivate your business and grow a loyal client base.
• Develop Business Acumen: Formulate and execute a strategic business plan tailored for success.
• Engage Potential Clients: Proactively reach out to prospective clients, set up meetings, and conduct in-depth discussions to understand their unique financial aspirations and goals.
• Craft Personalized Solutions: Prepare comprehensive financial plans and provide actionable, useful recommendations.
• Access Cutting-Edge Technology: Gain exposure to and hands-on experience with proprietary financial planning software platforms.
• Benefit from Ongoing Development: Participate in weekly coaching, training, and development meetings designed to refine your skills and knowledge.
• Obtain Industry Licensing: Receive full support to achieve your Risk Product State Licensing in Life, Accident, and Health.
• Cultivate Life Skills: Develop critical life and business skills that are transferable and beneficial for any future career path.

Program Structure & Growth Opportunities

We understand the demands of academic life. Our program offers a flexible schedule that seamlessly integrates with your classes and personal life. With the option to participate year-round, you can continuously grow your practice and receive dedicated support for advanced registrations and certifications such as the Series 6 & 63 or the prestigious CFP® designation. Elevate your career through:

• Recognition & Inspiration: Get inspired at local and national recognition events celebrating your achievements.
• Leadership Development: Earn access to exclusive leadership programs designed to nurture future leaders.
• Expert Collaboration: Collaborate with and learn from seasoned experts across various facets of our business.
• Diverse Resources: Benefit from a rich culture filled with diverse resources, ensuring both personal and professional growth.
• Full-Time Career Path: Eligible students with interest will have the opportunity to interview for a full-time Financial Representative or Advisor role upon graduation, paving a direct path to a rewarding career.

Qualifications: Are You a Fit?

We are seeking motivated, driven individuals who are ready to make an impact. The ideal candidate will possess:

• Academic Standing: Currently a full-time student, with a preference for juniors and seniors.
• Entrepreneurial Spirit: A strong entrepreneurial ambition combined with genuine curiosity for sales and business development.
• Campus Engagement: Highly involved in campus activities, demonstrating leadership, teamwork, or organizational skills (e.g., leader, athlete, campus organizations, student government).
• Exceptional Time Management: Proven ability to effectively manage time and prioritize tasks in a dynamic environment.
• Financial Interest: A keen interest in financial literacy, planning tools, and helping others achieve their financial goals.
• Business Savvy: A natural business acumen and a strong desire to enhance critical thinking abilities.

Compensation & Benefits: Rewarding Performance and Growth

At Northwestern Mutual, your hard work is directly tied to your success. Our competitive compensation and benefits package includes:

• Performance-Based Earnings: Lucrative performance-based earnings and revenue, reflecting your direct impact.
• Learning & Development Incentives: Up to $1000 per month in incentives, in addition to earned commissions, to support your professional growth.
• Productivity Bonuses: Additional bonuses for achieving productivity milestones.
• Licensing Support: Full financial and logistical support for obtaining essential insurance licenses (Life, Health, Disability Income, Long Term Care).
• Registration Support: Comprehensive support for SIE, Series 6, and Series 63 registrations (eligibility required).

About Us: Over 165 Years of Financial Strength and Innovation

For over 165 years, Northwestern Mutual has been dedicated to helping clients live their lives to the fullest through comprehensive and innovative financial planning. We combine the deep expertise of our financial professionals with a personalized digital experience and a suite of industry-leading products. Our tailored approach integrates multiple financial strategies—including insurance, investments, and annuities—to ensure clients consistently stay on track toward their goals. We are renowned for our 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. As such, they operate as independent contractors for income tax purposes and “statutory employees” for Federal Insurance Contributions Act (FICA) tax purposes. We foster an inclusive and belonging workplace where every unique viewpoint contributes to our collective success, striving to create teams that reflect the diversity of our customers and communities.

Why Join Northwestern Mutual?

Become part of a legacy of excellence and a future of innovation:

• Fortune 500 Company: Recognized as a Fortune 500 company in 2023.
• Top Internship Program: Named among the Top 100 Internship Programs by Yello x WayUp in 2022.
• Growing Client Base: Serving over 5.0 million clients and continuously expanding.
• Vast Assets: Managing $257 billion in retail investment client assets (as of June 30, 2023).
• Employer of Choice: Consistently recognized by Forbes’ Best Employers for Diversity (2018-2021).
• Unsurpassed Financial Strength: Consistently achieving top ratings among U.S. life insurers from leading rating agencies.
• Inclusive Culture: Named a Best Place to Work for LGBTQ+ Equality by the 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. (Performance-based earnings and additional incentives apply).