College Financial Representative (Internship Program)

Job Description

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

Job Title: College Financial Representative (Internship Program)

Location: 2080 N Main St Ste 2

Overview

The College Financial Representative internship program at Northwestern Mutual offers a unique opportunity for aspiring professionals to build an integrated financial planning practice from the ground up. Interns receive comprehensive guidance, connection, and a robust framework, leveraging the support of a Fortune 500 company. Coming from diverse academic backgrounds, our representatives engage with local and nationwide experts, gain access to exclusive financial products, and develop critical skills. This program is designed to build your confidence, foster a strong professional network, and empower you to help clients achieve financial freedom, where hard work is directly rewarded.

Responsibilities

This internship program is structured to mirror our full-time Financial Representative career, providing invaluable hands-on experience:

• Learn to prospect and network effectively to build your business and client base.
• Develop and execute a strategic business plan.
• Initiate contact with potential clients and conduct meetings to understand their financial goals.
• Prepare comprehensive financial plans and offer tailored recommendations.
• Gain exposure to proprietary planning software platforms.
• Participate in regular weekly coaching, training, and development meetings.
• Obtain Risk Product State Licensing: Life, Accident, and Health.
• Acquire essential life skills that open doors to future career opportunities.

Program Highlights & Professional Development

• Enjoy a flexible schedule that accommodates your academic and personal life.
• Option to participate in the internship program year-round.
• Receive support for advanced registrations and certifications such as the Series 6 & 63 or CFP ® (eligibility required).
• Get inspired at local and national recognition events.
• Earn access to exclusive leadership programs.
• Collaborate with experts across the business.
• Benefit from diverse resources and a culture that promotes personal and professional growth.
• Eligible students have the opportunity to interview for a full-time Financial Representative or Advisor role upon graduation.

Qualifications

Are you the ideal candidate for this internship?

• Currently a full-time student; juniors and seniors are preferred.
• Possess entrepreneurial ambitions and a genuine curiosity for sales.
• Highly involved on campus (e.g., leader, athlete, campus organizations, student government).
• Demonstrate excellent time-management skills.
• Have a strong interest in financial literacy and planning tools.
• Exhibit business savvy and a desire to enhance critical thinking abilities.

Compensation & Benefits

• Performance-based earnings and revenue.
• Learning and Development Incentives (up to $1000/month, not inclusive of earned commissions).
• Productivity Bonuses.
• Support for insurance licensing (life, health, DI, LTC).
• Support for SIE, Series 6, Series 63 registrations (eligibility required).

Base Stipend/Compensation Range: USD $500.00 – USD $1,000.00 /Yr.

About Us

For over 165 years, Northwestern Mutual has been dedicated to helping clients navigate their financial lives through comprehensive and innovative financial planning. We combine the deep expertise of our financial professionals with a personalized digital experience and industry-leading products. Our tailored approach integrates multiple financial strategies—insurance, investments, and annuities—designed to reinforce each other and keep clients on track toward their goals. We are distinguished by our unmatched financial strength and access to superior products and services.

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

We champion an inclusive and belonging workplace where every unique viewpoint contributes to new successes. We strive to build teams that reflect our diverse customers and communities, fostering an environment where all employees are welcomed, valued, and heard.

Why Join Northwestern Mutual?

• A proud Fortune 500 company (2023).
• Recognized as a Top 100 Internship Program by Yello x WayUp (2022).
• Serving 5.0+ million clients and growing².
• Manages over $257 billion in retail investment client assets³.
• Named one of Forbes’ Best Employers for Diversity (2018-2021).
• Boasts Unsurpassed financial strength⁴.
• 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)