College Financial Representative Internship

Job Description

About the Job: College Financial Representative Internship at Northwestern Mutual

Northwestern Mutual invites ambitious college students to join its internship program as a College Financial Representative. This program offers a unique opportunity to build an integrated financial planning practice from the ground up, mimicking the experience of a full-time Financial Representative. Interns benefit from the guidance, connection, and robust framework provided by a Fortune 500 company, engaging with local and nationwide experts and accessing exclusive financial products.

This internship is designed to help you build confidence, develop a professional network, and empower clients to achieve financial freedom. Hard work and dedication are highly rewarded in this role.

Responsibilities

As a College Financial Representative intern, you will gain hands-on experience in various aspects of financial planning and business development:

• Learn fundamental skills in prospecting and networking to establish and grow your business and client base.
• Develop and meticulously execute a comprehensive business strategy.
• Actively call on potential clients, set meetings, and conduct in-depth discussions to understand their financial goals and needs.
• Prepare tailored financial plans and provide useful, actionable recommendations.
• Gain valuable exposure to proprietary financial planning software platforms.
• Participate in consistent weekly coaching, training, and development meetings to enhance your expertise.
• Receive support and training to obtain Risk Product State Licensing: Life, Accident, and Health.
• Develop critical life skills that will open doors to future career opportunities.

The program offers a flexible schedule, allowing you to effectively balance your work commitments with your academic life and classes. You have the option to participate in this internship year-round, continuously growing your practice and receiving support for additional registrations and certifications such as the Series 6 & 63 or CFP®. Interns are also inspired through local and national recognition events, gain access to leadership programs, and collaborate with industry experts. Eligible students will have the opportunity to interview for a full-time Financial Representative or Advisor role upon graduation.

Qualifications

Northwestern Mutual is looking for students who are a strong fit for this entrepreneurial opportunity:

• Currently a full-time student; juniors and seniors are preferred.
• Possess strong entrepreneurial ambitions and a genuine curiosity for sales.
• Highly involved on campus, demonstrating leadership or active participation (e.g., leader, athlete, campus organizations, student government).
• Exhibit excellent time-management skills.
• Have a keen interest in financial literacy and various planning tools.
• Demonstrate business savvy and a strong desire to increase critical thinking abilities.

Compensation & Benefits

This internship offers a dynamic compensation structure and valuable benefits:

• Performance-based earnings and revenue, primarily through commissions.
• Learning and Development Incentives of up to $1000 per month (separate from earned commissions).
• Productivity Bonuses to reward high achievement.
• Comprehensive support for obtaining essential insurance licensing (Life, Health, Disability Income, Long-Term Care).
• Support for SIE, Series 6, and Series 63 registrations (eligibility requirements apply).

About Northwestern Mutual

For over 165 years, Northwestern Mutual has been dedicated to helping clients navigate their financial lives through comprehensive and innovative financial planning. The company combines the expertise of its financial professionals with personalized digital experiences and industry-leading products. Their tailored approach integrates multiple financial strategies—including insurance, investments, and annuities—to ensure clients consistently meet their financial goals. Northwestern Mutual is renowned for its unmatched financial strength and commitment to providing the best products and services.

Northwestern Mutual College Financial Representatives, like their full-time counterparts, are valued partners and proud business owners. They are recognized as independent contractors for income tax purposes and “statutory employees” for Federal Insurance Contributions Act (FICA) tax purposes. The company deeply values an inclusive and belonging workplace, fostering an environment where diverse viewpoints lead to new successes and all employees are welcomed, valued, and heard.

Why Join Northwestern Mutual?

Joining Northwestern Mutual means becoming part of a highly respected and successful organization:

• 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 growing.
• Managing or holding $257 billion in retail investment client assets.
• Consistently named among Forbes’ Best Employers for Diversity (2018-2021).
• Boasts unsurpassed financial strength among U.S. life insurers (as rated by Moody’s, A.M. Best, Fitch, S&P Global Ratings).
• Awarded as a Best Place to Work for LGBTQ+ Equality by the Human Rights Campaign Corporate Equality Index (2015-2021).

Note: Northwestern Mutual College Financial Representatives are Independent Contractors whose income is based on production. Approval for an intern contract requires a national criminal background check.

Salary Range

USD $500.00 – USD $1,000.00 /Yr. (Please note that this range refers to a baseline or guaranteed component, as compensation is primarily performance-based with additional learning and development incentives and productivity bonuses.)