College Financial Representative – Internship Program

Job Description

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

Job Title: College Financial Representative – Internship Program

Location: 501 Corporate Centre Dr

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Internship Program Overview

Embark on a rewarding journey with Northwestern Mutual as a College Financial Representative Intern. This dynamic program is designed for ambitious students seeking to build a robust financial planning practice from the ground up, all while receiving unparalleled guidance, fostering valuable connections, and operating within a proven framework. Regardless of your academic background or prior experience, you will be equipped to develop an integrated financial planning practice.

As an intern, you will gain access to local and nationwide experts, leverage exclusive financial products, and benefit from the unwavering support of a Fortune 500 company. This is more than just an internship; it’s an opportunity to significantly boost your confidence, cultivate a powerful professional network, and directly help individuals achieve their financial aspirations. At Northwestern Mutual, hard work genuinely pays off!

Key Responsibilities & Learning Experience

Our internship program is meticulously crafted to mirror the experience of our full-time Financial Representatives, offering you a comprehensive and practical learning experience:

• Business Development: Master the art of prospecting and networking to effectively build your own business and expand your client base.
• Strategic Planning: Learn to develop and execute a personalized business strategy that drives growth and success.
• Client Engagement: Initiate contact with potential clients, set up meetings, and conduct in-depth discussions to thoroughly understand their unique financial goals and needs.
• Financial Recommendations: Prepare tailored financial plans and provide insightful, useful recommendations to help clients achieve their objectives.
• Software Proficiency: Gain hands-on exposure and experience with proprietary financial planning software platforms.
• Continuous Development: Actively participate in weekly coaching, training, and professional development meetings designed to hone your skills.
• Licensing Acquisition: Receive comprehensive support to obtain essential Risk Product State Licensing, including Life, Accident, and Health.
• Life Skill Enhancement: Develop critical life skills that are transferable and invaluable for future career opportunities across any industry.

Program Flexibility & Advancement Opportunities

As a Northwestern Mutual College Financial Representative, you can expect a flexible schedule that seamlessly integrates with your academic life and personal commitments. This internship offers the option to participate year-round, allowing you to continuously grow your practice and receive ongoing support for advanced registrations and certifications such as the Series 6 & 63 or even the prestigious CFP® designation.

You will be inspired at local and national recognition events, gain access to exclusive leadership development programs, and collaborate directly with experts across our business. Our culture fosters diverse resources dedicated to ensuring your personal and professional growth throughout the program. Eligible students who demonstrate interest and success will have a direct opportunity to interview for a full-time Financial Representative or Advisor role upon graduation.

Who We’re Looking For (Qualifications)

Are you the ideal candidate for this transformative internship? We are seeking individuals who embody the following qualities:

• Academic Status: Currently enrolled as a full-time student; juniors and seniors are preferred.
• Entrepreneurial Drive: Possess strong entrepreneurial ambitions and a genuine curiosity for sales and business development.
• Campus Involvement: Highly involved in campus activities, demonstrating leadership, teamwork, or organizational skills (e.g., athlete, campus organizations, student government).
• Time Management: Exhibit excellent time-management skills, capable of balancing academic commitments with professional responsibilities.
• Financial Interest: A keen interest in financial literacy, planning tools, and helping others achieve financial well-being.
• Business Acumen: Demonstrate business savvy and a strong desire to increase critical thinking abilities.

Compensation & Benefits

This internship offers a compelling compensation structure and valuable benefits to support your success:

• Performance-Based Earnings: Your income is tied to your performance and revenue generation, rewarding your hard work directly.
• Learning & Development Incentives: Opportunity to earn up to $1000/month (not inclusive of earned commissions) for your commitment to learning and development.
• Productivity Bonuses: Earn additional bonuses based on your productivity and achievements.
• Licensing Support: Comprehensive support for obtaining essential insurance licensing (Life, Health, Disability Income (DI), Long-Term Care (LTC)).
• Registration Support: Support for SIE, Series 6, and Series 63 registrations (eligibility required), paving the way for advanced financial advisory roles.

Note: Northwestern Mutual College Financial Representatives are considered independent contractors for income tax purposes and “statutory employees” for Federal Insurance Contributions Act (FICA) tax purposes. Your income is based on production.

Salary Range: USD $500.00 – USD $1,000.00 /Yr. (This range represents baseline incentives and support, with actual earnings being performance-based and potentially much higher through commissions and bonuses).

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 combine the expertise of our financial professionals with a personalized digital experience and industry-leading products to empower our clients in navigating their financial lives successfully.

Our tailored approach integrates multiple financial strategies—including insurance, investments, and annuities—designed to reinforce each other and keep our clients consistently on track to meet goal after goal. We are distinguished by our unmatched financial strength and provide 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 a company, we champion an inclusive and belonging workplace, believing that everyone’s unique viewpoints drive new successes. We are committed to building teams that reflect our diverse customers and communities, fostering an environment where all employees are welcomed, valued, and heard.

Why Join Northwestern Mutual?

Choosing Northwestern Mutual means aligning yourself with a leader in the financial industry with a proven track record of success and employee satisfaction:

• Recognized as a Fortune 500 company (2023).
• Named one of the Top 100 Internship Programs by Yello x WayUp (2022).
• Serving over 5.0 million clients and growing (as of June 30, 2023).
• Managing or holding $257 billion in retail investment client assets (as of June 30, 2023).
• Consistently recognized on Forbes’ Best Employers for Diversity (2018-2021).
• Boasts Unsurpassed Financial Strength among U.S. life insurers, with top ratings from Moody’s, A.M. Best, Fitch, and S&P Global Ratings.
• Achieved Best Place to Work for LGBTQ+ Equality on the Human Rights Campaign Corporate Equality Index (2015-2021).