College Financial Representative (Internship Program)

Job Description

About the Job: College Financial Representative (Internship Program)

Location: 1919 S Bascom Ave (referring to a general office overview, specific job location may vary by local office)

Overview

The College Financial Representative internship program at Northwestern Mutual provides aspiring professionals with comprehensive guidance, connection, and a robust framework for establishing an integrated financial planning practice. Interns, hailing from diverse academic backgrounds and experiences, embark on building their own financial planning practice. This is supported by engagement with local and nationwide experts, access to exclusive financial products, and the extensive backing of a Fortune 500 company.

Participants will gain invaluable opportunities to build confidence, cultivate a strong professional network, and directly contribute to helping individuals achieve their financial aspirations. This program emphasizes that hard work is directly rewarded.

Responsibilities

This internship program is designed to mirror the full-time Financial Representative career path, offering practical experience in core business development and client service functions. Key responsibilities and learning opportunities include:

• Learning and applying strategies for prospecting and networking to grow a personal business and client base.
• Developing and executing a tailored business strategy.
• Engaging with potential clients through calls and meetings to deeply understand their financial goals.
• Preparing comprehensive financial plans and providing useful recommendations.
• Gaining hands-on exposure to proprietary financial planning software platforms.
• Participating in regular weekly coaching, training, and development meetings.
• Working towards obtaining Risk Product State Licensing, including Life, Accident, and Health.
• Cultivating essential life skills that will open doors to future career opportunities.

The program offers a flexible schedule to accommodate academic commitments and personal life. With the option for year-round participation, interns can continuously grow their practice and receive support for advanced registrations and certifications such as the Series 6 & 63 or CFP®. Interns are encouraged to find inspiration at local and national recognition events, gain access to leadership programs, and collaborate with industry experts. Northwestern Mutual’s culture provides diverse resources to ensure both personal and professional growth throughout the program. Eligible students also have the opportunity to interview for a full-time Financial Representative or Advisor role upon graduation.

Qualifications

Ideal candidates for this internship will possess the following attributes:

• Currently enrolled as a full-time student, with a preference for juniors and seniors.
• Demonstrated entrepreneurial ambitions and a genuine curiosity for sales.
• Highly involved in campus activities, such as being a leader, athlete, member of campus organizations, or student government.
• Possesses excellent time-management skills.
• A keen interest in financial literacy and planning tools.
• Exhibits business savvy and a strong desire to enhance critical thinking abilities.

Compensation & Benefits

This program offers a competitive compensation and benefits package designed to reward performance and support professional development:

• Performance-based earnings and revenue.
• Learning and Development Incentives of 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 fully by providing comprehensive and innovative financial planning solutions. The company integrates the expertise of its financial professionals with a personalized digital experience and industry-leading products to empower clients in navigating their financial lives successfully. Their tailored approach includes a strategic combination of financial strategies—insurance, investments, and annuities—designed to reinforce each other and keep clients consistently on track towards their goals. Northwestern Mutual is recognized for its unmatched financial strength and access to the best products and services for its clients.

Financial Representatives and College Financial Representatives at Northwestern Mutual 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 purposes¹. The company is committed to fostering an inclusive and belonging workplace where every individual’s unique viewpoint contributes to new successes. Northwestern Mutual strives to build teams that mirror its diverse customer base and communities, promoting an environment where all employees are welcomed, valued, and heard.

Why Join Northwestern Mutual?

• Ranked a Fortune 500 company in 2023.
• Recognized among the Top 100 Internship Programs by Yello x WayUp in 2022.
• Serves 5.0+ million clients and growing².
• Manages or holds $257 billion in retail investment client assets³.
• Consistently listed on Forbes’ Best Employers for Diversity (2018-2021).
• Boasts Unsurpassed financial strength⁴.
• Named 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).