College Financial Representative Internship

Job Description

Job Title: College Financial Representative Internship

Company: Northwestern Mutual

Location: 2500 York Rd Ste 200

Overview

The College Financial Representative internship program at Northwestern Mutual offers a unique opportunity for students to build an integrated financial planning practice from the ground up. Interns receive comprehensive guidance, connection, and a robust framework to develop their skills and professional network. Coming from diverse academic backgrounds, our college financial representatives gain exposure to local and nationwide experts, exclusive financial products, and the unwavering support of a Fortune 500 company. This program is designed to build confidence, foster a professional network, and empower individuals to help others achieve financial freedom. Hard work is directly rewarded in this role.

Responsibilities & What You’ll Learn

This internship program is structured to mirror the experience of a full-time Financial Representative, providing practical, hands-on learning:

• Learn how to prospect and network effectively to build your business and client base.
• Develop and execute a comprehensive business strategy.
• Proactively call on potential clients and set meetings to understand their financial goals.
• Prepare detailed financial plans and offer useful recommendations.
• Gain exposure to proprietary planning software platforms.
• Engage in weekly coaching, training, and development meetings.
• Receive support to obtain Risk Product State Licensing (Life, Accident, and Health).
• Develop essential life skills that create future career opportunities.

Program Highlights & Benefits

• Flexible Schedule: Work around your life and academic commitments.
• Year-Round Participation: Option to participate in the internship program year-round to continuously grow your practice.
• Registration & Certification Support: Obtain support for registrations and certifications such as the Series 6 & 63 or CFP®.
• Recognition & Leadership: Get inspired at local and national recognition events and earn access to leadership programs.
• Collaborative Environment: Collaborate with experts across the business and leverage diverse resources for personal and professional growth.
• Full-Time Opportunities: Eligible students have an opportunity to interview for a full-time Financial Representative or Advisor role upon graduation.

Qualifications

Are you a fit for this internship?

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

Compensation & Benefits

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

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

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 combine the expertise of our financial professionals with a personalized digital experience and industry-leading products to empower clients to successfully navigate their financial journeys. Our tailored approach incorporates multiple financial strategies—including insurance, investments, and annuities—designed to reinforce each other and keep clients consistently on track towards their goals. We are known for unmatched financial strength and access to the best products and services for our clients.

Our Financial Representatives and College Financial Representatives are valued partners and proud business owners. They are considered independent contractors for income tax purposes and “statutory employees” for Federal Insurance Contributions Act (FICA) tax purposes.

As a company, we champion an inclusive and belonging workplace where every unique viewpoint contributes to new successes. We strive to create teams that reflect our diverse customers and communities, fostering an environment where all employees are welcomed, valued, and heard.

Why Join Northwestern Mutual?

• 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.
• Named one of Forbes’ Best Employers for Diversity (2018-2021).
• Boasts Unsurpassed financial strength⁴.
• Awarded Best Place to Work for LGBTQ+ Equality by the Human Rights Campaign Corporate Equality Index (2015-2021).

Important Notes & Disclaimers

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)