College Financial Representative – Internship Program

Job Description

College Financial Representative – Internship Program

Overview:
The internship program at Northwestern Mutual offers College Financial Representatives a structured framework and guidance to build an integrated financial planning practice from the ground up. Interns, regardless of their academic background, will engage with local and nationwide experts, gain access to exclusive financial products, and benefit from the support of a Fortune 500 company. This role is designed to build confidence, develop a professional network, and empower individuals to help others achieve financial freedom. Hard work is directly rewarded in this program.

Location:
5420 Lyndon B Johnson

Responsibilities:
This internship program mirrors the full-time Financial Representative career, providing interns with the opportunity to:

• Learn to prospect and network effectively to build a business and client base.
• Develop and execute a robust business strategy.
• Proactively call on potential clients and set meetings to understand their financial goals.
• Prepare comprehensive financial plans and offer valuable recommendations.
• Gain exposure to proprietary financial planning software platforms.
• Participate in weekly coaching, training, and development meetings.
• Receive support to obtain Risk Product State Licensing: Life, Accident, and Health.
• Develop essential life skills that create future career opportunities.

As a Northwestern Mutual College Financial Representative, you will benefit from a flexible schedule that accommodates your academic life. With the option for year-round participation, you can continuously grow your practice and receive support for additional registrations and certifications such as the Series 6 & 63 or CFP®. Interns are inspired at local and national recognition events, gain access to leadership programs, and collaborate with industry experts. A diverse range of resources is available to foster 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 a fit for this internship? Ideal candidates will possess:

• Current full-time student status; juniors and seniors are preferred.
• Entrepreneurial ambitions and a genuine curiosity for sales.
• High involvement on campus (e.g., leader, athlete, campus organizations, student government).
• Excellent time-management skills.
• Interest in financial literacy and planning tools.
• Business savvy and a strong 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, Disability Income, Long-Term Care).
• 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 live their lives to the fullest 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 in navigating their financial lives successfully. Our tailored approach incorporates multiple financial strategies—including insurance, investments, and annuities—designed to reinforce each other and keep clients consistently on track towards their goals. We are known for unmatched financial strength and 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. They are considered independent contractors for income tax purposes and “statutory employees” for Federal Insurance Contributions Act (FICA) tax purposes¹.
As a company, Northwestern Mutual values an inclusive and belonging workplace where everyone’s unique viewpoints contribute to new successes. We strive to create teams that reflect our customers and communities, fostering an environment where all employees are welcomed, valued, and heard.

Why Join Northwestern Mutual:

• A 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.
• Named one of Forbes’ Best Employers for Diversity (2018-2021).
• Boasts unsurpassed financial strength⁴.
• Recognized as 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.

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Footnotes:
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).