College Financial Representative Internship

Job Description

Job Title: College Financial Representative Internship

Company: Northwestern Mutual

Location: 1 Riverway Ste 900

Overview:

Northwestern Mutual, a Fortune 500 company with over 165 years of experience in comprehensive financial planning, offers a robust internship program for College Financial Representatives. This program provides guidance, connection, and a framework for building an integrated financial planning practice from the ground up. Interns will engage with local and nationwide experts, gain access to exclusive financial products, and benefit from the extensive support of a leading financial services company. This is an unparalleled opportunity to build confidence, develop a professional network, and empower individuals to achieve financial freedom. Hard work is directly rewarded within this program.

Key Responsibilities:

The internship program is designed to mirror a full-time Financial Representative career, allowing you to:

• Learn to Prospect and Network: Develop essential skills to build your business and client base.
• Formulate Business Strategy: Create and execute a comprehensive business strategy.
• Client Engagement: Call on potential clients, set meetings, and understand their financial goals.
• Financial Planning: Prepare personalized financial plans and offer useful recommendations.
• Software Exposure: Gain hands-on experience with proprietary financial planning software platforms.
• Ongoing Development: Participate in weekly coaching, training, and development meetings.
• Licensing: Receive support and training to obtain Risk Product State Licensing (Life, Accident, and Health).
• Skill Building: Acquire valuable life skills that will open future career opportunities.

Program Benefits & Growth Opportunities:

• Flexible Schedule: Work around your academic life and classes.
• Year-Round Participation: Option to participate in the internship program year-round to continuously grow your practice.
• Advanced Certifications Support: Receive 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.
• Expert Collaboration: Collaborate with diverse experts across our business.
• Personal & Professional Growth: Access varied resources across a supportive culture to ensure holistic development.
• Full-time Opportunities: Eligible students have the opportunity to interview for a full-time Financial Representative or Advisor role upon graduation.

Qualifications:

Are you a fit for this internship?

• Academic Standing: Full-time student; juniors and seniors preferred.
• Entrepreneurial Drive: Possess entrepreneurial ambitions and curiosity for sales.
• Campus Involvement: Highly involved on campus (e.g., leader, athlete, campus organizations, student government).
• Time Management: Excellent time-management skills.
• Financial Interest: Interest in financial literacy and planning tools.
• Business Acumen: Business savvy and a desire to increase critical thinking abilities.

Compensation & Benefits:

• Performance-Based Earnings: Income is based on individual production and revenue generated.
• Learning & Development Incentives: Up to $1000/month (not inclusive of earned commissions).
• Productivity Bonuses: Additional bonuses based on productivity.
• Licensing Support: Support for insurance licensing (life, health, disability insurance, long-term care).
• Registration Support: Support for SIE, Series 6, and Series 63 registrations (eligibility required).
• Independent Contractor Status: College Financial Representatives are considered independent contractors for income tax purposes and “statutory employees” for Federal Insurance Contributions Act (FICA) tax purposes. Income is based on production.

Why Join Northwestern Mutual:

As a valued partner and proud business owner, you will be part of a company that:

• Is a Fortune 500 company (2023).
• Recognized among the Top 100 Internship Programs by Yello x WayUp (2022).
• Serves over 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 unmatched financial strength among U.S. life insurers.
• Awarded Best Place to Work for LGBTQ+ Equality by Human Rights Campaign Corporate Equality Index (2015-2021).
• Fosters an inclusive and belonging workplace that values diverse viewpoints and strives to create teams reflecting its customers and communities.

Salary Range:

USD $500.00 – USD $1,000.00 /Yr.