College Financial Representative Internship

Job Description

Job Title: College Financial Representative Internship

Location: 6235 Carnegie Blvd

Overview: Forge Your Future in Finance at Northwestern Mutual

Embark on an enriching journey with Northwestern Mutual’s College Financial Representative internship program. This is more than just an internship; it’s a foundational experience designed to provide ambitious college students with the guidance, robust connections, and a proven framework to build an integrated financial planning practice from the ground up. At Northwestern Mutual, a Fortune 500 company, you’ll gain unparalleled exposure to the financial industry, working alongside local and nationwide experts, accessing exclusive financial products, and benefiting from a supportive culture that values hard work and professional growth. This program empowers you to cultivate confidence, expand your professional network, and directly impact people’s lives by helping them achieve financial freedom.

Key Responsibilities: Building Your Financial Planning Practice

Our dynamic internship program mirrors the comprehensive experience of a full-time Financial Representative career, offering you a hands-on learning opportunity:

• Client Acquisition & Business Development: Master the art of prospecting and networking to effectively build your own business and cultivate a diverse client base.
• Strategic Planning & Execution: Develop and implement a robust business strategy, learning the intricacies of financial market operations and client engagement.
• Client Engagement & Needs Analysis: Proactively reach out to potential clients, skillfully setting and conducting meetings to thoroughly understand their unique financial goals and aspirations.
• Personalized Financial Solutions: Prepare comprehensive financial plans and present actionable, useful recommendations tailored to individual client needs.
• Cutting-Edge Software Exposure: Gain valuable exposure and hands-on experience with proprietary financial planning software platforms, essential tools for modern financial advisors.
• Continuous Professional Development: Engage in weekly coaching sessions, intensive training programs, and developmental meetings designed to sharpen your skills and deepen your financial acumen.
• Professional Licensing: Obtain essential Risk Product State Licensing, including Life, Accident, and Health, laying a crucial groundwork for your financial career.
• Life Skills & Career Advancement: Acquire invaluable life skills such as communication, problem-solving, and leadership, which are transferable and create abundant future career opportunities.

Flexibility, Growth & Long-Term Potential:

As a Northwestern Mutual College Financial Representative, you’ll benefit from a highly flexible schedule that seamlessly integrates with your academic commitments and personal life. Our year-round internship option allows you to continuously grow your practice, with dedicated support for advanced registrations and certifications such as the Series 6 & 63 or CFP®. Get inspired at local and national recognition events, gain access to prestigious leadership programs, and collaborate with leading experts in our business. Our culture fosters diverse resources to ensure both your personal and professional growth. High-performing and interested students will also have the distinct opportunity to interview for a full-time Financial Representative or Advisor role upon graduation.

Qualifications: Are You a Fit for This Opportunity?

We are seeking motivated and driven individuals who possess:

• Academic Standing: Currently a full-time student, with a preference for juniors and seniors.
• Entrepreneurial Drive: Strong entrepreneurial ambitions and a genuine curiosity for sales and business development.
• Campus Leadership: Actively involved on campus, demonstrating leadership through roles in organizations, athletics, student government, or other impactful groups.
• Exceptional Time Management: Proven ability to effectively manage time and prioritize tasks in a demanding environment.
• Financial Acumen: A keen interest in financial literacy, planning tools, and the broader financial landscape.
• Business Savvy: An innate business sense and a strong desire to enhance critical thinking and analytical abilities.

Compensation & Benefits: Invest in Your Future

This internship offers a compelling compensation and benefits package designed to reward your performance and support your development:

• Performance-Based Earnings: Enjoy competitive earnings tied directly to your performance and revenue generation.
• Learning & Development Incentives: Receive up to $1000 per month in incentives, separate from earned commissions, to support your ongoing learning journey.
• Productivity Bonuses: Earn additional bonuses based on your productivity and success metrics.
• Licensing Support: Comprehensive support for obtaining essential insurance licenses, including Life, Health, Disability Income (DI), and Long-Term Care (LTC).
• Registration Support: Assistance with SIE, Series 6, and Series 63 registrations (eligibility required), paving the way for advanced financial services.

About Northwestern Mutual: Guiding Lives for Over 165 Years

For over 165 years, Northwestern Mutual has been dedicated to helping our clients truly “spend their lives living” through comprehensive and innovative financial planning. We distinguish ourselves by combining the unparalleled expertise of our financial professionals with a personalized digital experience and a suite of industry-leading products. This empowers our clients to successfully navigate their financial lives with confidence and clarity. Our tailored approach integrates multiple financial strategies—including insurance, investments, and annuities—which are meticulously designed to reinforce each other, ensuring our clients remain consistently on track to meet and exceed their financial goals. We lead the industry with unmatched financial strength and provide 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 are considered independent contractors for income tax purposes and “statutory employees” for Federal Insurance Contributions Act (FICA) tax purposes.

At Northwestern Mutual, we are deeply committed to fostering an inclusive and belonging workplace where everyone’s unique viewpoints contribute to new successes. We strive to create teams that reflect the diversity of our customers and communities, cultivating an environment where all employees are welcomed, valued, and heard.

Why Join Northwestern Mutual?

• A prestigious Fortune 500 company (2023).
• Recognized as a Top 100 Internship Program by Yello x WayUp (2022).
• Serving over 5.0+ million clients and continuously growing.
• Managing or holding $257 billion in retail investment client assets.
• Consistently recognized among Forbes’ Best Employers for Diversity (2018-2021).
• Boasts Unsurpassed financial strength among U.S. life insurers.
• Awarded Best Place to Work for LGBTQ+ Equality by the Human Rights Campaign Corporate Equality Index (2015-2021).

Important Disclosures:
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.
Client and asset figures as of June 30, 2023. Financial strength ratings are for The Northwestern Mutual Life Insurance Company and Northwestern Long Term Care Insurance Company, as of the most recent review by each rating agency (06/23 Moody’s, 08/23 A.M. Best, 08/23 Fitch, 05/23 S&P Global Ratings).

Salary Range:

USD $500.00 – USD $1,000.00 /Yr.