College Financial Representative Internship Program

Company: Northwestern Mutual

Location: 3201 Enterprise Pkwy

Overview

The College Financial Representative internship program at Northwestern Mutual offers a unique opportunity for students to gain guidance, connection, and a structured framework for building an integrated financial planning practice from the ground up. Interns, regardless of their academic background, will develop a financial planning practice while engaging with local and nationwide experts, exclusive financial products, and the robust support of a Fortune 500 company. This program is designed to help you build confidence, develop a professional network, and empower people to achieve financial freedom. At Northwestern Mutual, hard work pays off!

Responsibilities

Our internship program closely 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 support for Risk Product State Licensing: Life, Accident, and Health.
• Build essential 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 life and classes. With the option to participate in our internship program year-round, you can continuously grow your practice and receive support for registrations and certifications such as the Series 6 & 63 or CFP®. Interns are inspired at local and national recognition events, gain access to leadership programs, and collaborate with industry experts. Our diverse resources and culture are dedicated to ensuring your personal and professional growth throughout the program. Eligible students who demonstrate interest will also have the opportunity to interview for a full-time Financial Representative or Advisor role upon graduation.

Qualifications

Are you a fit for this internship? We’re looking for individuals who are:

• A full-time student; juniors and seniors 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.
• Show 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 Us

For over 165 years, Northwestern Mutual has been dedicated to helping 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 our clients to successfully navigate their financial lives. 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 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. They are considered independent contractors 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 contribute to 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?

• 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.
• Manages $257 billion in retail investment client assets held or managed by Northwestern Mutual³.
• Honored as 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).

Important Disclosures:

¹Northwestern 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.

²As of June 30, 2023.

³Combined client assets of NMIS and NMWMC as of June 30, 2023.

⁴Among 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).

Salary Range

USD $500.00 – USD $1,000.00 /Yr.