College Financial Representative (Internship)

Job Description

Job Title: College Financial Representative Internship

Company: Northwestern Mutual

Location: 445 Central Ave Unit 204

Overview

Northwestern Mutual’s internship program provides College Financial Representatives with guidance, connections, and a structured framework to build an integrated financial planning practice from the ground up. Interns, from diverse academic and experiential backgrounds, will develop their financial planning practice by engaging with local and national experts, utilizing exclusive financial products, and leveraging the robust support of a Fortune 500 company. This program offers the opportunity to build confidence, expand professional networks, and empower individuals to achieve financial freedom, where hard work is directly rewarded.

Responsibilities

The internship program is designed to mirror the responsibilities of a full-time Financial Representative career, enabling interns to:

• Learn effective strategies for prospecting and networking to build a business and client base.
• Develop and execute a comprehensive business strategy.
• 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 for Risk Product State Licensing: Life, Accident, and Health.
• Build valuable life skills that create future career opportunities.

Program Structure & Growth Opportunities

As a Northwestern Mutual College Financial Representative, you can expect:

• A flexible schedule designed to accommodate your academic and personal life.
• The option to participate in the internship program year-round, allowing continuous growth.
• Ongoing support for pursuing additional registrations and certifications such as the Series 6 & 63 or CFP®.
• Inspiration and recognition at local and national events.
• Access to leadership programs and collaboration with industry experts.
• A culture rich in diverse resources dedicated to ensuring your personal and professional growth.
• An opportunity for eligible students to interview for a full-time Financial Representative or Advisor role upon graduation.

Qualifications

Are you a fit for this internship? We are looking for individuals who are:

• A full-time student; juniors and seniors are preferred.
• Possessing entrepreneurial ambitions and a curiosity for sales.
• Highly involved on campus (e.g., leader, athlete, campus organizations, student government).
• Demonstrating excellent time-management skills.
• Showing a strong interest in financial literacy and planning tools.
• Business savvy and possess a desire to increase critical thinking abilities.

Compensation & Benefits

This role offers a robust compensation and benefits package focused on growth and performance:

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

Salary Range: USD $500.00 – USD $1,000.00 /Yr. (Please note that this range may represent a base or minimum, with significant additional earning potential through performance-based commissions, incentives, and bonuses.)

About Northwestern Mutual

For over 165 years, Northwestern Mutual has been dedicated to helping clients live fully through comprehensive and innovative financial planning. We integrate the expertise of our financial professionals with personalized digital experiences and industry-leading products to empower clients in navigating their financial lives successfully. 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 distinguished by unmatched financial strength and access to premier products and services.

Our Financial Representatives and College Financial Representatives are highly 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.

Northwestern Mutual is committed to fostering an inclusive and belonging workplace where every unique viewpoint contributes to new successes. We strive to build teams that reflect our diverse customers and communities, ensuring an environment where all employees are welcomed, valued, and heard.

Why Join Northwestern Mutual?

• A distinguished Fortune 500 company (2023).
• Recognized among the Top 100 Internship Programs by Yello x WayUp (2022).
• Serving 5.0+ million clients and growing.
• Manages or holds $257 billion in retail investment client assets.
• Named one of Forbes’ Best Employers for Diversity (2018-2021).
• Boasts Unsurpassed financial strength among U.S. life insurers.
• Acknowledged as a Best Place to Work for LGBTQ+ Equality by the Human Rights Campaign Corporate Equality Index (2015-2021).

Important Notes

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)