College Financial Representative Internship

Job Description

College Financial Representative Internship – Northwestern Mutual

Overview:
Step into the world of financial planning with Northwestern Mutual’s College Financial Representative internship program, located at 5307 S Hyde Park Blvd. This program offers ambitious students a unique opportunity to gain real-world experience and build a financial planning practice from the ground up. You’ll receive comprehensive guidance, access to a vast network of experts, exclusive financial products, and the robust support of a Fortune 500 company. Regardless of your academic background, you’ll develop crucial confidence, cultivate a professional network, and empower individuals to achieve financial freedom. Here, hard work truly pays off!

What You’ll Do (Responsibilities):
Our internship program mirrors the full-time Financial Representative career path, providing you with invaluable hands-on experience:
• Prospecting & Networking: Learn how to identify and connect with potential clients to build your business and client base.
• Business Strategy Development: Create and execute your own strategic business plan.
• Client Engagement: Proactively call on potential clients, set meetings, and delve into understanding their financial aspirations.
• Financial Planning: Prepare tailored plans and offer insightful, useful recommendations.
• Proprietary Software Exposure: Gain experience with industry-leading, proprietary financial planning software platforms.
• Ongoing Development: Participate in weekly coaching, training, and development meetings.
• Licensing & Certifications: Receive support to obtain essential Risk Product State Licensing: Life, Accident, and Health.
• Life Skills Development: Build critical life skills that open doors to future career opportunities.

Program Highlights & Growth Opportunities:
As a Northwestern Mutual College Financial Representative, you’ll benefit from:
• Flexible Schedule: Designed to accommodate your academic life and personal commitments.
• Year-Round Participation: Option to intern year-round, continuously growing your practice.
• Advanced Certifications: 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 gain access to leadership programs.
• Collaborative Environment: Collaborate with experts 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.

Who We’re Looking For (Qualifications):
Are you the right fit for this dynamic internship?
• Academic Status: Currently a full-time student; juniors and seniors are preferred.
• Entrepreneurial Spirit: Possess entrepreneurial ambitions and a strong curiosity for sales.
• Campus Involvement: Highly involved on campus (e.g., leader, athlete, campus organizations, student government).
• Time Management: Demonstrate excellent time-management skills.
• Financial Interest: A genuine interest in financial literacy and planning tools.
• Business Acumen: Possess business savvy and a desire to enhance critical thinking abilities.

Compensation & Benefits:
Your hard work will be rewarded through a comprehensive package:
• Performance-Based Earnings: Earn income and revenue based on your production.
• Learning & Development Incentives: Up to $1000/month (not inclusive of earned commissions).
• Productivity Bonuses: Additional bonuses for strong performance.
• Licensing Support: Support for obtaining insurance licensing (life, health, DI, LTC).
• Registration Support: Support for SIE, Series 6, Series 63 registrations (eligibility required).

About Northwestern Mutual:
For over 165 years, Northwestern Mutual has been dedicated to helping clients “spend their lives living” through comprehensive and innovative financial planning. We integrate the expertise of our financial professionals with personalized digital experiences and industry-leading products. Our tailored approach encompasses multiple financial strategies—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 provide access to the best products and services for our clients.

Why Join Northwestern Mutual?
• A proud Fortune 500 company (2023).
• Recognized among the Top 100 Internship Programs, Yello x WayUp (2022).
• Serving 5.0+ million clients and growing.
• Managing $257 billion in retail investment client assets.
• Consistently recognized as Forbes’ Best Employers for Diversity (2018-2021).
• Boasts Unsurpassed financial strength among U.S. life insurers.
• A Best Place to Work for LGBTQ+ Equality – Human Rights Campaign Corporate Equality Index (2015-2021).

Important Notes:
Northwestern Mutual College Financial Representatives are considered Independent Contractors for income tax purposes and a “statutory employee” for Federal Insurance Contributions Act (FICA) tax purposes. Their income is based on production. Approval for an intern contract requires a national criminal background check.

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