College Financial Representative Internship

Job Description

Here is the detailed enriched job description for the Northwestern Mutual College Financial Representative Internship:

Job Title: College Financial Representative Internship

Company: Northwestern Mutual

Location: 400 W Market St Ste 2250

Overview of the Internship Program

The College Financial Representative internship program at Northwestern Mutual is designed to provide aspiring students with guidance, connection, and a comprehensive framework for establishing an integrated financial planning practice from the ground up. This program welcomes college financial representatives from diverse academic backgrounds and experiences, offering them the unique opportunity to build a financial planning practice while leveraging support from a Fortune 500 company. Interns will engage with local and nationwide experts, gain access to exclusive financial products, and benefit from the robust support system of Northwestern Mutual. This experience is designed to help you build confidence, develop a robust professional network, and empower individuals to achieve financial freedom. At Northwestern Mutual, hard work pays off!

Key Responsibilities

Our internship program is structured to mirror the experience of a full-time Financial Representative career, offering practical, hands-on learning. As an intern, you will:

• Learn Prospecting & Networking: Master strategies to build your business and client base.
• Develop Business Strategy: Create and execute a personal business strategy.
• Client Acquisition & Goal Assessment: Proactively call on potential clients and set meetings to understand their financial goals.
• Financial Plan Preparation & Recommendations: Prepare tailored financial plans and offer useful, data-driven recommendations.
• Proprietary Software Exposure: Gain hands-on experience with Northwestern Mutual’s proprietary planning software platforms.
• Weekly Coaching & Development: Participate in weekly coaching, training, and development meetings.
• State Licensing Acquisition: Receive support and training to obtain Risk Product State Licensing in Life, Accident, and Health.
• Life Skills Development: Build essential life skills that open doors to future career opportunities.

Internship Program Structure & Benefits

As a Northwestern Mutual College Financial Representative, you can expect a flexible schedule that accommodates your academic commitments and personal life. With the option to participate in our internship program year-round, you can continuously grow your practice and receive support for advanced registrations and certifications such as the Series 6 & 63 or CFP®. The program offers opportunities for inspiration at local and national recognition events, access to leadership programs, and the chance to collaborate with experts across our business. Our culture provides diverse resources to ensure you experience both personal and professional growth. Furthermore, eligible students will have the opportunity to interview for a full-time Financial Representative or Advisor role upon graduation.

Qualifications – Are You a Fit?

We are looking for motivated individuals who meet the following criteria:

• Full-time Student: Juniors and seniors are preferred.
• Entrepreneurial Drive & Sales Interest: Possess strong entrepreneurial ambitions and a curiosity for sales.
• Campus Involvement & Leadership: Highly involved on campus (e.g., leader, athlete, campus organizations, student government).
• Excellent Time-Management: Demonstrate strong organizational and time-management skills.
• Interest in Financial Literacy & Planning: A genuine interest in financial literacy and planning tools.
• Business Acumen & Critical Thinking: Exhibit business savvy and a desire to enhance critical thinking abilities.

Compensation & Benefits

Your hard work will be rewarded through:

• Performance-Based Earnings: Income and revenue directly tied to your production.
• Learning & Development Incentives: Up to $1000 per month (not inclusive of earned commissions) to support your growth.
• Productivity Bonuses: Additional bonuses based on your performance.
• Insurance Licensing Support: Comprehensive support for obtaining insurance licenses (Life, Health, DI, LTC).
• Securities Registrations Support: Assistance with SIE, Series 6, and Series 63 registrations (eligibility required).

About Northwestern Mutual

For over 165 years, Northwestern Mutual has been dedicated to helping clients live fully by providing 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 involves multiple interconnected financial strategies—including insurance, investments, and annuities—designed to keep clients consistently on track towards their goals. We are known for our unmatched financial strength and access to the best products and services for our clients.

Our Financial Representatives and College Financial Representatives are highly valued partners and proud business owners. As such, they are classified as independent contractors¹ for income tax purposes and as “statutory employees” for Federal Insurance Contributions Act (FICA) tax purposes.

As a company, we are committed to fostering an inclusive and belonging workplace where every individual’s unique viewpoint contributes to new successes. We strive to build teams that reflect the diversity of our customers and communities, creating an environment where all employees are welcomed, valued, and heard.

Why Join Northwestern Mutual?

• Ranked as a Fortune 500 company (2023).
• Recognized among the Top 100 Internship Programs by Yello x WayUp (2022).
• Serving 5.0+ million clients and continuously growing².
• Managing $257 billion in retail investment client assets held or managed by Northwestern Mutual³.
• Featured on Forbes’ Best Employers for Diversity (2018-2021).
• Boasts Unsurpassed financial strength among U.S. life insurers⁴.
• Consistently recognized as a Best Place to Work for LGBTQ+ Equality by the Human Rights Campaign Corporate Equality Index (2015-2021).

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)

Salary Range

USD $500.00 – USD $1,000.00 /Yr.