College Financial Representative – Internship Program

Job Description

Job Title: College Financial Representative – Internship Program

Location: 617 Stephenson Ave

About Northwestern Mutual
For over 165 years, Northwestern Mutual has been dedicated to helping clients live fully through comprehensive and innovative financial planning. We combine the expertise of our financial professionals with personalized digital experiences and industry-leading products to empower clients in navigating their financial lives. Our tailored approach integrates multiple financial strategies—including insurance, investments, and annuities—designed to reinforce each other and keep clients consistently on track to meet their goals. We pride ourselves on unmatched financial strength and access to the best products and services for our clients.

As a company, we champion an inclusive and belonging workplace where diverse viewpoints lead to new successes. We strive to build teams that reflect our customers and communities, fostering an environment where all employees are welcomed, valued, and heard.

The Opportunity
The College Financial Representative internship program at Northwestern Mutual offers a unique framework for building an integrated financial planning practice from the ground up. This program provides guidance, connection, and extensive support for students from varying academic backgrounds and experiences. You will begin to build your own financial planning practice while engaging with local and nationwide experts, exclusive financial products, and the robust backing of a Fortune 500 company. This is an unparalleled opportunity to build confidence, develop a professional network, and directly help people achieve financial freedom. At Northwestern Mutual, hard work truly pays off!

Key Responsibilities
Our internship program closely mirrors our full-time Financial Representative career, providing a realistic and immersive experience where you will:

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

What You’ll Gain
As a Northwestern Mutual College Financial Representative, you can expect a flexible schedule designed to accommodate your academic 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®. You’ll be inspired at local and national recognition events, gain access to leadership programs, and collaborate with experts across our business. Our culture provides diverse resources to ensure you experience significant personal and professional growth. Eligible students with interest will also have the opportunity to interview for a full-time Financial Representative or Advisor role upon graduation.

Qualifications
Are you a fit for this dynamic internship? We are looking for individuals who possess:

• Full-time student status; juniors and seniors are preferred.
• Entrepreneurial ambitions and a genuine curiosity for sales.
• A history of high involvement on campus (e.g., leader, athlete, campus organizations, student government).
• Excellent time-management skills.
• A keen interest in financial literacy and planning tools.
• Business savvy and a strong 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 (Disability Insurance), LTC (Long Term Care).
• Support for Registrations: SIE, Series 6, Series 63 (eligibility required).
• Potential Base Stipend Range: USD $500.00 – USD $1,000.00 /Yr.

Why Join Northwestern Mutual?

• Fortune 500 company (2023)
• Recognized among the Top 100 Internship Programs by Yello x WayUp (2022)
• Serving 5.0+ million clients and growing²
• Manages or holds $257 billion in retail investment client assets³
• Consistently recognized as one of Forbes’ Best Employers for Diversity (2018-2021)
• Boasts Unsurpassed financial strength⁴
• Named a Best Place to Work for LGBTQ+ Equality by the Human Rights Campaign Corporate Equality Index (2015-2021)

Important Notes:
Northwestern Mutual College Financial Representatives are Independent Contractors¹ whose income is based on production. For income tax purposes, they are considered independent contractors, and for Federal Insurance Contributions Act (FICA) tax purposes, they are “statutory employees.” 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 that would not allow someone to work for Northwestern Mutual, approval to contract will be withdrawn.

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)