College Financial Representative – Internship Program

Job Description

Job Title: College Financial Representative – Internship Program

Company: Northwestern Mutual

Location: 500 Lake Cook Rd Ste 100

Overview

Northwestern Mutual, a Fortune 500 company (2023) with over 165 years of helping clients achieve financial security, is seeking motivated college students for its College Financial Representative internship program. Ranked among the Top 100 Internship Programs by Yello x WayUp (2022), this program offers a unique opportunity for students to build an integrated financial planning practice from the ground up, supported by industry experts, exclusive products, and a robust company framework.

Program Summary

This internship provides college financial representatives with unparalleled guidance, connection, and a structured approach to starting a financial planning career. Regardless of your academic background, you will engage with local and nationwide experts, leverage exclusive financial products, and benefit from the extensive support of Northwestern Mutual. This program is designed to build your confidence, expand your professional network, and empower you to help individuals achieve financial freedom, where hard work is directly rewarded.

Key Responsibilities

Our internship program closely mirrors the full-time Financial Representative career, 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 call on potential clients and set meetings to understand their financial goals.
• Prepare detailed financial plans and offer useful recommendations.
• Gain hands-on exposure to proprietary 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.

Program Highlights & Growth Opportunities

• Flexible Schedule: Work around your life and academic commitments.
• Year-Round Participation: Option to continue growing your practice throughout the year.
• Certification Support: Obtain support for registrations and certifications such as the Series 6 & 63 or CFP®.
• Recognition & Leadership: Get inspired at local and national recognition events and earn access to leadership programs.
• Expert Collaboration: Collaborate with diverse resources and experts across our culture to ensure personal and professional growth.
• Full-Time Opportunity: Eligible students have an opportunity to interview for a full-time Financial Representative or Advisor role upon graduation.

Qualifications

Are you a fit for this internship?

• Full-time student; juniors and seniors preferred.
• Demonstrated entrepreneurial ambitions and curiosity for sales.
• Highly involved on campus (e.g., leader, athlete, campus organizations, student government).
• Excellent time-management skills.
• Strong interest in financial literacy and planning tools.
• Possesses business savvy and 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.
• 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 helped clients navigate their financial lives through comprehensive and innovative financial planning. We combine the expertise of our financial professionals with personalized digital experiences and industry-leading products. Our tailored approach integrates multiple financial strategies—insurance, investments, and annuities—to reinforce each other and keep clients on track to meet their goals. We are known for 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. As such, they are considered independent contractors for income tax purposes and “statutory employees” for Federal Insurance Contributions Act (FICA) tax purposes.

Northwestern Mutual values an inclusive and belonging workplace, striving to create teams that reflect our customers and communities, fostering an environment where all employees are welcomed, valued, and heard.

Why Join Northwestern Mutual?

• Fortune 500 company (2023).
• Top 100 Internship Programs, Yello x WayUp (2022).
• Serving 5.0+ million clients and growing.
• Manages $257 billion in retail investment client assets.
• Recognized as one of Forbes’ Best Employers for Diversity (2018-2021).
• Boasts Unsurpassed financial strength among U.S. life insurers.
• Best Place to Work for LGBTQ+ Equality – Human Rights Campaign Corporate Equality Index (2015-2021).

Important Note: 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.

Salary Range

USD $500.00 – USD $1,000.00 /Yr.