College Financial Representative (Internship Program)

Job Description

Job Title: College Financial Representative (Internship Program)

Location: 135 US Highway 202 206

Overview

As a College Financial Representative in Northwestern Mutual’s internship program, you will receive guidance, connection, and a framework for building an integrated financial planning practice from the ground up. Our college financial representatives, from diverse academic backgrounds, will begin to build their practice while engaging with local and nationwide experts, accessing exclusive financial products, and benefiting from the support of a Fortune 500 company. This role offers the opportunity to build confidence, develop a professional network, and help people achieve financial freedom. Hard work is directly rewarded in this program!

Responsibilities

Our internship program is designed to mimic our full-time Financial Representative career, providing a comprehensive learning experience:

• Learn how to prospect and network to build your business and client base.
• Develop and execute on a business strategy.
• Call on potential clients and set meetings to understand their financial goals.
• Prepare plans and offer useful recommendations tailored to client needs.
• Gain exposure to proprietary planning software platforms.
• Engage in weekly coaching, training, and development meetings.
• Receive support for Risk Product State Licensing: Life, Accident, and Health.
• Build valuable life skills that create future career opportunities.

As a Northwestern Mutual College Financial Representative, you can expect a flexible schedule that accommodates your life and academic commitments. With the option for year-round participation, you can continuously grow your practice and obtain support for registrations and certifications such as the Series 6 & 63 or CFP®. You’ll be inspired at local and national recognition events, gain access to leadership programs, and collaborate with experts in the business. Our culture provides diverse resources to ensure both personal and professional growth. Eligible students also have the opportunity to interview for a full-time Financial Representative or Advisor role upon graduation.

Qualifications

Are you an ideal fit for this internship?

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

About Us

For over 165 years, Northwestern Mutual has helped clients lead fulfilling lives 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 clients to navigate their financial lives successfully. Our tailored approach incorporates 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 the best products and services for our clients.

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

As a company, we champion an inclusive and belonging workplace where diverse viewpoints drive success. We strive to build teams that reflect our 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 among the Top 100 Internship Programs by Yello x WayUp (2022).
• Serving 5.0+ million clients and growing².
• Managing $257 billion in retail investment client assets held or managed by Northwestern Mutual³.
• Named one of Forbes’ Best Employers for Diversity (2018-2021).
• Boasts Unsurpassed financial strength⁴.
• Designated a Best Place to Work for LGBTQ+ Equality by the Human Rights Campaign Corporate Equality Index (2015-2021).

Salary Range

USD $500.00 – USD $1,000.00 /Yr.

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)