College Financial Representative – Internship Program

Job Description

Job Title: College Financial Representative – Internship Program

Company: Northwestern Mutual

Location: 3839 Ansborough Ave (Specific office location mentioned, program is likely for this branch)

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Overview:

The College Financial Representative internship program at Northwestern Mutual offers a unique opportunity for students to gain hands-on experience in building an integrated financial planning practice. Interns receive comprehensive guidance, connection to experts, and a structured framework supported by a Fortune 500 company. This program is designed to develop confidence, expand professional networks, and equip individuals to help clients achieve financial freedom through hard work and dedication.

Responsibilities:

Our internship program closely mirrors the responsibilities of a full-time Financial Representative, providing valuable real-world experience. Interns will:

• Learn effective strategies for prospecting and networking to build a robust business and client base.
• Develop and execute a personal business strategy.
• Proactively contact potential clients and arrange meetings to understand their financial objectives.
• Prepare tailored financial plans and provide useful 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 for Life, Accident, and Health insurance.
• Cultivate essential life skills that open doors to diverse future career opportunities.

Program Structure & Growth Opportunities:

As a Northwestern Mutual College Financial Representative, you can expect:

• A flexible schedule designed to accommodate your academic life and personal commitments.
• The option to participate in the internship program year-round, allowing for continuous growth and practice building.
• Ongoing support for pursuing additional registrations and certifications, such as the Series 6 & 63 or the prestigious CFP®.
• Opportunities for inspiration and motivation at both local and national recognition events.
• Access to exclusive leadership programs and the chance to collaborate with industry experts.
• A culture rich with diverse resources to ensure both personal and professional growth throughout the program.
• An opportunity for eligible students to interview for a full-time Financial Representative or Advisor role upon graduation.

Qualifications:

We are seeking ambitious and driven students who possess:

• Current enrollment as a full-time student, with a preference for juniors and seniors.
• Entrepreneurial ambitions and a genuine curiosity for sales.
• A history of being highly involved on campus (e.g., leadership roles, athletics, campus organizations, student government).
• Demonstrable excellent time-management skills.
• A strong interest in financial literacy and planning tools.
• Business savvy and a desire to enhance critical thinking abilities.

Compensation & Benefits:

This performance-driven internship offers:

• Performance-based earnings and revenue, reflecting your success.
• Learning and Development Incentives of up to $1000/month (not inclusive of earned commissions).
• Productivity Bonuses.
• Comprehensive support for obtaining essential insurance licensing (Life, Health, Disability Income, Long Term Care).
• Support for SIE, Series 6, and 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. Our tailored approach integrates multiple financial strategies—including insurance, investments, and annuities—to ensure clients consistently meet their financial goals. We are renowned for our unmatched financial strength and access to top-tier products and services.

Our Financial Representatives and College Financial Representatives are valued partners and proud business owners. They are recognized as independent contractors for income tax purposes and “statutory employees” for Federal Insurance Contributions Act (FICA) tax purposes.

Northwestern Mutual is committed to fostering an inclusive and belonging workplace where every individual’s unique viewpoint contributes to new successes. We strive to build teams that reflect the diversity of our customers and communities, creating an environment where all employees are welcomed, valued, and heard.

Why Join Northwestern Mutual?

• A proud Fortune 500 company (2023).
• Ranked among the Top 100 Internship Programs by Yello x WayUp (2022).
• Serving 5.0+ million clients and growing (as of June 30, 2023).
• Managing or holding $257 billion in retail investment client assets (combined client assets of NMIS and NMWMC as of June 30, 2023).
• Recognized by Forbes as one of the Best Employers for Diversity (2018-2021).
• Possessing Unsurpassed Financial Strength among U.S. life insurers (ratings from Moody’s Investors Service, A.M. Best Company, Fitch Ratings, S&P Global Ratings as of most recent review in 2023).
• Awarded as a Best Place to Work for LGBTQ+ Equality by the Human Rights Campaign Corporate Equality Index (2015-2021).

Important Notes:

1. Northwestern Mutual College Financial Representatives operate as Independent Contractors, with income based on production.
2. Should an offer to apply for approval of an intern contract be extended, a national criminal background check is a mandatory requirement.
3. If the results of the background check reveal information that would preclude an individual from working for Northwestern Mutual, the approval to contract will be withdrawn.

Salary Range:

USD $500.00 – USD $1,000.00 /Yr. (Performance-based earnings are additional)