College Financial Representative Internship

Job Description

Job Title: College Financial Representative Internship

Company: Northwestern Mutual

Location: 9201 Camino Media

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Overview

Northwestern Mutual offers a dynamic internship program for College Financial Representatives, providing a robust framework and comprehensive support to build an integrated financial planning practice from the ground up. This program is designed for ambitious college students from diverse academic backgrounds and experiences who are eager to gain real-world business acumen within a Fortune 500 company. Interns will engage with local and nationwide experts, access exclusive financial products, and receive unparalleled support, all while developing a professional network and helping clients achieve financial freedom. This is an opportunity where hard work directly translates into tangible results and significant personal and professional growth.

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About the Internship Program

Our internship program closely mirrors the responsibilities and career path of a full-time Financial Representative, offering a hands-on learning experience that goes beyond theoretical knowledge. You will have the unique opportunity to:

• Learn to Prospect & Network: Develop essential skills to build your client base and business pipeline.
• Execute Business Strategy: Gain experience in creating and implementing your own business plan.
• Client Engagement: Initiate contact with potential clients, set meetings, and conduct in-depth discussions to understand their financial aspirations.
• Financial Planning & Recommendations: Prepare tailored financial plans and provide actionable, useful recommendations.
• Proprietary Software Exposure: Work with exclusive planning software platforms used by industry professionals.
• Continuous Development: Benefit from weekly coaching, training, and development meetings.
• Professional Licensing: Receive support to obtain essential Risk Product State Licenses, including Life, Accident, and Health.
• Build Life Skills: Acquire valuable transferable skills that open doors to future career opportunities.

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Program Structure & Career Growth

This internship offers a flexible schedule designed to accommodate your academic life. With the option to participate year-round, you can continuously grow your practice and receive ongoing support for advanced registrations and certifications such as the Series 6 & 63 or the prestigious CFP® designation. Interns are inspired through local and national recognition events, gain access to leadership development programs, and collaborate with experts across the business. Northwestern Mutual is committed to fostering an environment of personal and professional growth through diverse resources and a supportive culture. Eligible students with interest will also have the opportunity to interview for a full-time Financial Representative or Advisor role upon graduation.

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Qualifications – Are You a Fit?

We are seeking motivated individuals who possess:

• Academic Standing: Full-time student; juniors and seniors are preferred.
• Entrepreneurial Drive: Strong entrepreneurial ambitions coupled with a curiosity for sales.
• Campus Involvement: Highly involved in campus activities (e.g., leadership roles, athletics, student organizations, student government).
• Time Management: Excellent time-management skills to balance academic and professional responsibilities.
• Financial Interest: A genuine interest in financial literacy and planning tools.
• Business Acumen: Business savvy with a strong desire to enhance critical thinking abilities.

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Compensation & Benefits

Northwestern Mutual offers a competitive and rewarding compensation structure:

• Performance-Based Earnings: Income directly tied to your productivity and revenue generation.
• Learning & Development Incentives: Up to $1000/month (not inclusive of earned commissions) to support your growth.
• Productivity Bonuses: Additional bonuses rewarding high performance.
• Licensing Support: Full support for essential insurance licensing (Life, Health, Disability Income, Long Term Care).
• Registration Support: Support for SIE, Series 6, and Series 63 registrations (eligibility required).

Salary Range: USD $500.00 – USD $1,000.00 /Yr. (Note: This stated range likely refers to base stipend/incentives, with actual earnings being performance-based and higher through commissions.)

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About Northwestern Mutual

For over 165 years, Northwestern Mutual has been dedicated to helping clients live fully through comprehensive and innovative financial planning. We combine the expertise of our financial professionals with personalized digital experiences and industry-leading products to empower clients in successfully navigating their financial lives. Our tailored approach integrates multiple financial strategies—including insurance, investments, and annuities—designed to reinforce each other and keep clients consistently on track towards their goals. We are renowned for our 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. We are committed to fostering an inclusive and belonging workplace where every unique viewpoint contributes to new successes. We strive to build teams that mirror our diverse customers and communities, creating an environment where all employees are welcomed, valued, and heard.

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Why Join Northwestern Mutual?

Join a company recognized for its strength, innovation, and commitment to its people:

• Fortune 500 Company (2023)
• Top 100 Internship Programs (Yello x WayUp, 2022)
• Serving 5.0+ million clients and growing
• Manages $257 billion in retail investment client assets
• Forbes’ Best Employers for Diversity (2018-2021)
• Unsurpassed Financial Strength
• Best Place to Work for LGBTQ+ Equality (Human Rights Campaign Corporate Equality Index, 2015-2021)

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Important Disclosures

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 that would not allow someone to work for Northwestern Mutual, approval to contract will be withdrawn.
2. Client data as of June 30, 2023.
3. Combined client assets of NMIS and NMWMC as of June 30, 2023.
4. Unsurpassed financial strength 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).