College Financial Representative (Internship Program)

Job Description

Job Title: College Financial Representative (Internship Program)

Company: Northwestern Mutual

Location: 275 Promenade St Ste 300 (Specific office location for the internship)

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About the Program:

The College Financial Representative internship program at Northwestern Mutual offers a structured pathway for students to build an integrated financial planning practice from the ground up. Interns receive comprehensive guidance, connection, and a robust framework, leveraging local and nationwide experts, exclusive financial products, and the extensive support of a Fortune 500 company. This program is designed to help you build confidence, develop a professional network, and empower individuals to achieve financial freedom. It emphasizes that hard work pays off!

The internship mimics our full-time Financial Representative career, providing a realistic preview of the role. You’ll gain exposure to a client-centric approach, combining the expertise of financial professionals with personalized digital experiences and industry-leading products. Our tailored approach includes multiple financial strategies—insurance, investments, and annuities—designed to reinforce each other and keep clients on track.

You’ll also find diverse resources across our culture to ensure personal and professional growth. The program offers a flexible schedule to accommodate your academic commitments and allows for year-round participation, providing ongoing support for registrations and certifications like the Series 6 & 63 or CFP®. High-performing eligible students may also have the opportunity to interview for a full-time Financial Representative or Advisor role upon graduation.

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Key Responsibilities:

As a College Financial Representative Intern, you will:

• Learn fundamental skills in prospecting and networking to build your business and client base.
• Develop and execute a personal business strategy.
• Proactively call on potential clients and set meetings to understand their financial goals.
• Prepare comprehensive financial plans and offer useful recommendations.
• Gain exposure to proprietary planning software platforms.
• Actively participate in weekly coaching, training, and development meetings.
• Work towards obtaining Risk Product State Licensing (Life, Accident, and Health).
• Develop essential life skills that will create future career opportunities.

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Qualifications:

We are looking for students who are:

• A full-time student; juniors and seniors are preferred.
• Possessing entrepreneurial ambitions and a genuine curiosity for sales.
• Highly involved on campus (e.g., leader in student organizations, athlete, student government).
• Demonstrating excellent time-management skills.
• Showing a strong interest in financial literacy and planning tools.
• Business savvy with a desire to increase critical thinking abilities.

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Compensation & Benefits:

This program offers a unique blend of earnings and support:

• Performance-based earnings and revenue, where hard work directly translates to compensation.
• Learning and Development Incentives: Up to $1000/month (not inclusive of earned commissions).
• Productivity Bonuses.
• Full support for insurance licensing (life, health, disability income, long-term care).
• Support for SIE, Series 6, Series 63 registrations (eligibility required).
• Access to local and national recognition events, leadership programs, and collaboration with experts.

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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 successfully.

Our Financial Representatives and College Financial Representatives are highly valued partners and considered proud business owners. Please note that they are considered independent contractors for income tax purposes and a “statutory employee” for Federal Insurance Contributions Act (FICA) tax purposes.

We are committed to fostering an inclusive and belonging workplace, where everyone’s unique viewpoints contribute to success. We strive to create teams that reflect our customers and communities, ensuring an environment where all employees are welcomed, valued, and heard.

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Why Join Northwestern Mutual?

• A proud Fortune 500 company (2023).
• Recognized among the Top 100 Internship Programs by Yello x WayUp (2022).
• Serving over 5.0 million clients and growing (as of June 30, 2023).
• Manages or holds $257 billion in retail investment client assets (as of June 30, 2023).
• Consistently recognized as one of Forbes’ Best Employers for Diversity (2018-2021).
• Holds unsurpassed financial strength among U.S. life insurers.
• Named a Best Place to Work for LGBTQ+ Equality by the Human Rights Campaign Corporate Equality Index (2015-2021).

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Important Disclosures:

Northwestern Mutual College Financial Representatives are Independent Contractors whose income is based on production. If offered to apply for approval of an intern contract, 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.

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Salary Range:

USD $500.00 – USD $1,000.00 /Yr. (This stated salary range likely refers to the learning and development incentives or a base stipend, as total compensation is performance-based and includes commissions and bonuses).