College Financial Representative Internship

Job Description

Job Title: College Financial Representative Internship

Company: Northwestern Mutual
Location: 600 Cranberry Woods Dr (Office Address)
Job Type: Internship (Flexible, Year-Round Option)

Overview of the Internship Program

Northwestern Mutual’s internship program offers College Financial Representatives comprehensive guidance, invaluable connections, and a structured framework to build an integrated financial planning practice from the ground up. Interns, from diverse academic backgrounds and experiences, embark on building their own financial planning practice. This is achieved through engaging with local and nationwide experts, accessing exclusive financial products, and benefiting from the robust support of a Fortune 500 company. This program is designed to build your confidence, expand your professional network, and empower you to help individuals achieve financial freedom, where dedication and hard work are recognized and rewarded.

The internship program closely mirrors the full-time Financial Representative career, providing a realistic and immersive experience. As a College Financial Representative, you’ll enjoy a flexible schedule that accommodates your academic commitments and personal life. The option to participate in the program year-round allows for continuous growth of your practice and provides support for acquiring critical registrations and certifications, such as the Series 6 & 63 or CFP®. You will have opportunities to gain inspiration at local and national recognition events, access leadership development programs, and collaborate with seasoned experts in the financial industry. Northwestern Mutual’s culture is rich with diverse resources dedicated to fostering your personal and professional growth. Eligible students who demonstrate interest will also have the opportunity to interview for a full-time Financial Representative or Advisor role upon graduation.

Key Responsibilities

As an intern, you will gain hands-on experience in various aspects of financial planning, including:

• Learning to prospect and network effectively to build your business and client base.
• Developing and executing a strategic business plan.
• Proactively calling on potential clients and setting meetings to understand their unique financial goals.
• Preparing tailored financial plans and offering useful, actionable recommendations.
• Gaining exposure to proprietary financial planning software platforms.
• Engaging in weekly coaching, training, and development meetings to enhance your skills.
• Receiving support to obtain Risk Product State Licensing: Life, Accident, and Health.
• Building essential life skills that will create future career opportunities in any field.

Qualifications

Are you the right fit for this dynamic internship? We are looking for candidates who possess:

• Currently enrolled as a full-time student; juniors and seniors are preferred.
• Entrepreneurial ambitions and a genuine curiosity for sales.
• High involvement on campus (e.g., leaders in student organizations, athletes, student government members, etc.).
• Excellent time-management skills to balance academic and professional commitments.
• A strong interest in financial literacy and utilizing planning tools.
• Business savvy and a desire to increase critical thinking abilities.

Compensation & Benefits

Northwestern Mutual values your contributions and offers a competitive package including:

• Performance-based earnings and revenue opportunities.
• Learning and Development Incentives: Up to $1000/month (not inclusive of earned commissions).
• Productivity Bonuses to reward your efforts.
• Support for insurance licensing (Life, Health, Disability Income, Long-Term Care).
• Support for SIE, Series 6, Series 63 registrations (eligibility required).

About Northwestern Mutual

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 integrate the expertise of our financial professionals with a personalized digital experience and industry-leading products to empower clients in successfully navigating their financial journeys. Our tailored approach incorporates multiple financial strategies—including insurance, investments, and annuities—designed to reinforce each other, ensuring clients remain consistently on track to achieve their goals. We pride ourselves on 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. For income tax purposes, they are considered independent contractors and “statutory employees” for Federal Insurance Contributions Act (FICA) tax purposes.

As a company, Northwestern Mutual is committed to fostering an inclusive and belonging workplace where every individual’s unique viewpoints contribute to new successes. We strive to build teams that reflect the diversity of our customers and communities, creating 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 5.0+ million clients and growing².
• Manages or holds $257 billion in retail investment client assets³.
• Consistently recognized as one of Forbes’ Best Employers for Diversity (2018-2021).
• Boasts Unsurpassed financial strength among U.S. life insurers⁴.
• Designated 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.