College Financial Representative Internship Program

Job Description

College Financial Representative Internship Program at Northwestern Mutual

Overview

As a College Financial Representative Intern at Northwestern Mutual, you will receive guidance, connection, and a structured framework to build an integrated financial planning practice from the ground up. This internship offers the unique opportunity to develop a financial planning practice while engaging with local and nationwide experts, exclusive financial products, and the robust support of a Fortune 500 company. You will enhance your confidence, expand your professional network, and empower individuals to achieve financial freedom. At Northwestern Mutual, hard work pays off!

Responsibilities

Our internship program closely mirrors the experience of a full-time Financial Representative, allowing you to:

• Learn effective strategies for prospecting and networking to build your business and client base.
• Develop and execute a comprehensive business strategy.
• Proactively engage with potential clients to set meetings and understand their financial goals.
• Prepare tailored financial plans and provide useful recommendations.
• Gain hands-on exposure to proprietary financial planning software platforms.
• Participate in weekly coaching, training, and development meetings.
• Obtain Risk Product State Licensing: Life, Accident, and Health.
• Develop essential life skills that will open doors to future career opportunities.

Program Highlights & Benefits

As a Northwestern Mutual College Financial Representative, you can expect a flexible schedule designed to accommodate your academic and personal life. The option to participate in our internship program year-round allows for continuous growth of your practice and ongoing support for various registrations and certifications, including 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 diverse culture provides ample resources to ensure your personal and professional growth. Eligible students with interest will have the opportunity to interview for a full-time Financial Representative or Advisor role upon graduation.

Qualifications

Are you a fit for this internship? We are looking for candidates 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, athlete, campus organizations, 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.

Compensation & Benefits

• Performance-based earnings and revenue.
• Learning and Development Incentives (up to $1000/month, not inclusive of earned commissions).
• Productivity Bonuses.
• Comprehensive support for insurance licensing (life, health, DI, LTC).
• 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 integrate the expertise of our financial professionals with personalized digital experiences and industry-leading products to empower clients in successfully navigating their financial journeys. Our tailored approach incorporates multiple financial strategies—including insurance, investments, and annuities—designed to reinforce each other and keep clients consistently on track to meet 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. They are classified as independent contractors for income tax purposes and “statutory employees” for Federal Insurance Contributions Act (FICA) tax purposes.

As a company, we champion an inclusive and belonging workplace where diverse viewpoints foster new successes. We are committed to building teams that reflect our customers and communities, cultivating 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 growing (as of June 30, 2023).
• Manages or holds $257 billion in retail investment client assets (as of June 30, 2023).
• Named one of Forbes’ Best Employers for Diversity (2018-2021).
• Boasts Unsurpassed Financial Strength among U.S. life insurers.
• Consistently recognized 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 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)

Salary Range

USD $500.00 – USD $1,000.00 /Yr.