College Financial Representative Internship Program

Job Description

College Financial Representative Internship Program

About the Internship:
The College Financial Representative internship program at Northwestern Mutual provides aspiring professionals with guidance, connection, and a robust framework for building an integrated financial planning practice from the ground up. Interns from diverse academic backgrounds and experiences will begin to build a financial planning practice while engaging with local and nationwide experts, exclusive financial products, and the unwavering support of a Fortune 500 company. This program offers a unique opportunity to build confidence, develop a professional network, and empower individuals to achieve financial freedom. At Northwestern Mutual, hard work pays off!

Responsibilities:
Our 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 a comprehensive business strategy.
• Call on potential clients and set meetings to understand their financial goals.
• Prepare financial 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 essential life skills that create future career opportunities.

Program Highlights & Growth Opportunities:
As a Northwestern Mutual College Financial Representative, you can expect a flexible schedule designed to work around your life and academic commitments. With the option to participate in our internship program year-round, you can continuously grow your practice and obtain support for registrations and certifications such as the Series 6 & 63 or CFP®. Get inspired at local and national recognition events, earn access to leadership programs, and collaborate with experts in our business. You’ll find diverse resources across our culture to ensure personal and professional growth. Eligible students also 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.
• 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. (This range likely refers to the Learning and Development Incentives, as earnings are performance-based.)

About Us:
For over 165 years, Northwestern Mutual has helped clients spend their lives living through comprehensive and innovative financial planning. We combine the expertise of our financial professionals with personalized digital experiences and industry-leading products to empower clients to successfully navigate their financial lives. Our tailored approach includes multiple financial strategies—insurance, investments, and annuities—built to reinforce each other, keeping our clients consistently on track to meet goal after goal. We lead with unmatched financial strength and provide 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 contractors¹ for income tax purposes, and “statutory employees” for Federal Insurance Contributions Act (FICA) tax purposes.

As a company, we value an inclusive and belonging workplace where everyone’s unique viewpoints bring new successes. We strive 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).
• 5.0+ million clients and growing².
• $257 billion retail investment client assets held or managed by Northwestern Mutual³.
• Forbes’ Best Employers for Diversity (2018-2021).
• Unsurpassed financial strength⁴.
• Best Place to Work for LGBTQ+ Equality – 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).