College Financial Representative (Internship Program)

Job Description

Job Title: College Financial Representative (Internship Program)

Company: Northwestern Mutual

Location: 1245 Jordan Creek Pkwy

Overview

As a College Financial Representative in Northwestern Mutual’s internship program, you will receive comprehensive guidance, valuable connections, and a structured framework to build an integrated financial planning practice from the ground up. This program is designed for college students from diverse academic backgrounds and experiences, offering the opportunity to start building a financial planning practice while engaging with local and nationwide experts, accessing exclusive financial products, and benefiting from the support of a Fortune 500 company. You will have the chance to enhance your confidence, develop a robust professional network, and empower individuals to achieve financial freedom. At Northwestern Mutual, hard work pays off!

Responsibilities

Our internship program closely mirrors the full-time Financial Representative career, providing a realistic and immersive experience. You will:

• Learn how to prospect and network effectively 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 tailored financial plans and offer useful recommendations.
• Gain exposure to proprietary planning software platforms.
• Engage in weekly coaching, training, and development meetings.
• Receive support for Risk Product State Licensing: Life, Accident, and Health.
• Build essential life skills that will create future career opportunities.

As a Northwestern Mutual College Financial Representative, you can expect a flexible schedule designed to accommodate your academic life and classes. With the option to participate in our internship program year-round, you can continuously grow your practice and receive support for advanced registrations and certifications such as the Series 6 & 63 or CFP®. You’ll be inspired at local and national recognition events, gain access to leadership programs, and collaborate with industry experts. Our diverse culture ensures a wealth of resources to support your personal and professional growth throughout the program. Eligible students demonstrating interest also have the opportunity to interview for a full-time Financial Representative or Advisor role upon graduation.

Qualifications

Are you an ideal candidate for this internship?

• Full-time student; juniors and seniors are preferred.
• Possess entrepreneurial ambitions and a curiosity for sales.
• Highly involved on campus (e.g., leader, athlete, campus organizations, student government).
• Demonstrate excellent time-management skills.
• Have an interest in financial literacy and planning tools.
• Exhibit 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).

Salary Range

USD $500.00 – USD $1,000.00 /Yr. (Note: This range likely refers to the Learning and Development Incentives, with additional income from performance-based commissions and bonuses.)

About Us

For over 165 years, Northwestern Mutual has empowered clients to live their lives fully through comprehensive and innovative financial planning. We combine the expertise of our financial professionals with a personalized digital experience and industry-leading products to help clients successfully navigate 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 recognized for our unmatched financial strength and access to the best products and services for our clients.

Our Financial Representatives and College Financial Representatives are highly valued partners and proud business owners. For income tax purposes, they are considered independent contractors¹ and “statutory employees” for Federal Insurance Contributions Act (FICA) tax purposes.

As a company, we are committed to fostering an inclusive and belonging workplace where diverse viewpoints drive new successes. We strive to build teams that reflect 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).
• Recognized among the Top 100 Internship Programs by Yello x WayUp (2022).
• Serving 5.0+ million clients and growing².
• Managing or holding $257 billion in retail investment client assets³.
• Named one of Forbes’ Best Employers for Diversity (2018-2021).
• Possesses Unsurpassed financial strength⁴.
• Recognized as a Best Place to Work for LGBTQ+ Equality by the Human Rights Campaign Corporate Equality Index (2015-2021).

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)