College Financial Representative Internship

Job Description

College Financial Representative Internship – Northwestern Mutual

Location: 936 Broadway St Ste E

Overview:
Join Northwestern Mutual’s College Financial Representative Internship program to gain invaluable experience in building an integrated financial planning practice. This program offers guidance, connection, and a structured framework for aspiring professionals from diverse academic backgrounds. You’ll engage with local and nationwide experts, access exclusive financial products, and leverage the robust support of a Fortune 500 company. This internship is designed to build your confidence, expand your professional network, and empower you to help individuals achieve financial freedom through hard work and dedication.

About Northwestern Mutual:
For over 165 years, Northwestern Mutual has been dedicated to helping clients live fulfilling lives through comprehensive and innovative financial planning. We combine the expertise of our financial professionals with personalized digital experiences and industry-leading products to successfully navigate clients’ financial journeys. Our tailored approach integrates multiple financial strategies—including insurance, investments, and annuities—to ensure clients consistently meet their financial goals. We are renowned for our unmatched financial strength and commitment to providing the best products and services.

As a Fortune 500 company (2023), Northwestern Mutual serves over 5.0 million growing clients and manages $257 billion in retail investment client assets (as of June 30, 2023). We are consistently recognized for excellence, including being named a Top 100 Internship Program by Yello x WayUp (2022), Forbes’ Best Employers for Diversity (2018-2021), and a Best Place to Work for LGBTQ+ Equality by the Human Rights Campaign Corporate Equality Index (2015-2021). We value an inclusive and belonging workplace, fostering an environment where all employees are welcomed, valued, and heard, with diverse teams reflecting our customers and communities.

The College Financial Representative Internship Program:
This internship program closely mirrors our full-time Financial Representative career, offering a hands-on experience in the financial planning industry. It provides a flexible schedule to accommodate your academic life and allows for year-round participation to continuously grow your practice.

Key Responsibilities:

• Learn and apply prospecting and networking strategies to build your business and client base.
• Develop and execute a comprehensive business strategy.
• Proactively call on potential clients and schedule meetings to understand their financial goals.
• Prepare personalized financial plans and offer actionable recommendations.
• Gain exposure to proprietary financial planning software platforms.
• Actively participate in weekly coaching, training, and development meetings.

What You’ll Gain & Program Benefits:

• Professional Development: Build critical life skills that open doors to future career opportunities, including the chance to interview for a full-time Financial Representative or Advisor role upon graduation.
• Flexible Schedule: Enjoy a flexible work schedule designed to seamlessly integrate with your academic commitments.
• Networking & Mentorship: Collaborate with experts in the business and build a robust professional network.
• Licensing & Certifications: Receive support for obtaining Risk Product State Licensing (Life, Accident, and Health) and potentially other registrations and certifications such as the SIE, Series 6 & 63, or CFP® (eligibility required).
• Recognition & Leadership: Get inspired at local and national recognition events and gain access to leadership programs.
• Personal & Professional Growth: Access diverse resources across our culture designed to ensure your continuous personal and professional development.

Qualifications:
Are you a fit for this internship?

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

Compensation & Benefits:

• Performance-based earnings and revenue.
• Learning and Development Incentives: Up to $1000 per month (not inclusive of earned commissions).
• Productivity Bonuses.
• Licensing Support: Financial support for insurance licensing (life, health, DI, LTC).
• Registration Support: Support for SIE, Series 6, Series 63 registrations (eligibility required).

Important Considerations:
Northwestern Mutual College Financial Representatives are 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. Approval for an intern contract to become a College Financial Representative requires a national criminal background check. If the background check results contain information that would prevent employment with Northwestern Mutual, approval to contract will be withdrawn.

Salary Range:
USD $500.00 – USD $1,000.00 /Yr.