College Financial Representative – Internship Program

Job Description

Job Title: College Financial Representative – Internship Program

Location: 7380 W Sand Lake Rd

Overview:

The College Financial Representative internship program at Northwestern Mutual offers a structured environment for students to build an integrated financial planning practice. Interns receive guidance, connection, and a framework to start from the ground up. This program attracts students from diverse academic backgrounds and experiences, providing them with the opportunity to build a financial planning practice, engage with local and nationwide experts, access exclusive financial products, and leverage the support of a Fortune 500 company. Participants will enhance their confidence, develop a professional network, and empower clients to achieve financial freedom, where hard work is directly rewarded.

Responsibilities:

This internship program mirrors the full-time Financial Representative career, allowing you to:

• Learn how to prospect and network to build your business and client base.
• Develop and execute on a business strategy.
• Call on potential clients and set meetings to understand their financial goals.
• Prepare plans and offer useful recommendations.
• Gain exposure to proprietary planning software platforms.
• Engage in weekly coaching, training, and development meetings.
• Receive Risk Product State Licensing: Life, Accident, and Health.
• Build life skills that create 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 and personal life. With the option to participate year-round, you can continuously grow your practice and receive support for advanced registrations and certifications such as the Series 6 & 63 or CFP®. The program offers inspiration through local and national recognition events, access to leadership development programs, and opportunities to collaborate with industry experts. Northwestern Mutual fosters a culture with diverse resources to ensure both personal and professional growth. 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 possess:

• Full-time student status; juniors and seniors preferred.
• Entrepreneurial ambitions and curiosity for sales.
• Highly involved on campus (e.g., leader, athlete, campus organizations, student government).
• Excellent time-management skills.
• Interest in financial literacy and planning tools.
• 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. (Please note this is likely the incentive amount or base, as compensation is performance-based.)

About Northwestern Mutual:

For over 165 years, Northwestern Mutual has empowered clients to live fully through comprehensive and innovative financial planning. The company combines the expertise of its financial professionals with personalized digital experiences and industry-leading products to help clients successfully navigate their financial lives. Their tailored approach integrates multiple financial strategies—including insurance, investments, and annuities—designed to reinforce each other and keep clients consistently on track to meet their goals. Northwestern Mutual is distinguished by its unmatched financial strength and access to top-tier products and services.

Independent Contractor Status:

Financial Representatives and College Financial Representatives are valued partners and proud business owners. They are considered independent contractors for income tax purposes and “statutory employees” for Federal Insurance Contributions Act (FICA) tax purposes. Their income is based on production.

Diversity & Inclusion:

Northwestern Mutual values an inclusive and belonging workplace where every unique viewpoint contributes to new successes. The company strives to create teams that reflect its diverse customers and communities, fostering an environment where all employees are welcomed, valued, and heard.

Why join Northwestern Mutual:

• Fortune 500 company (2023).
• Recognized among Top 100 Internship Programs, Yello x WayUp (2022).
• Serving 5.0+ million clients and growing.
• $257 billion retail investment client assets held or managed.
• Named one of Forbes’ Best Employers for Diversity (2018-2021).
• Possesses unsurpassed financial strength.
• Designated a Best Place to Work for LGBTQ+ Equality by the Human Rights Campaign Corporate Equality Index (2015-2021).

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).