College Financial Representative (Internship Program)

Job Description

Job Title: College Financial Representative (Internship Program)

Location: 1475 E Woodfield Rd

Program Overview:

Northwestern Mutual’s internship program provides college financial representatives with comprehensive guidance, strong connections, and a structured framework to build an integrated financial planning practice from the ground up. Interns, from diverse academic backgrounds and experiences, will begin establishing their financial planning practice by engaging with local and nationwide experts, accessing exclusive financial products, and leveraging the robust support of a Fortune 500 company. This program offers a unique opportunity to build confidence, expand a professional network, and empower individuals to achieve financial freedom. At Northwestern Mutual, hard work pays off!

Key Responsibilities & Learning Opportunities:

This internship program is designed to mirror the full-time Financial Representative career path, enabling you to:

• Master prospecting and networking strategies to develop your business and client base.
• Formulate and execute a strategic business plan.
• Initiate contact with potential clients and schedule meetings to thoroughly understand their financial aspirations.
• Develop comprehensive financial plans and provide actionable, useful recommendations.
• Gain hands-on exposure to proprietary financial planning software platforms.
• Participate in weekly coaching, training, and professional development sessions.
• Obtain Risk Product State Licensing for Life, Accident, and Health insurance.
• Cultivate essential life skills that will open doors to future career opportunities.

As a Northwestern Mutual College Financial Representative, you can expect a flexible schedule that accommodates your academic and personal life. The option to participate in the internship program year-round allows for continuous growth of your practice and ongoing support for achieving additional registrations and certifications such as the Series 6 & 63 or CFP®. Interns are inspired at local and national recognition events, gain access to leadership development programs, and collaborate with industry experts. A diverse range of resources is embedded within the company culture to ensure both 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:

We are seeking candidates who are a strong fit for this dynamic internship. Ideal candidates will possess:

• Full-time student status; juniors and seniors are preferred.
• A strong entrepreneurial drive and a genuine curiosity for sales.
• Significant involvement on campus (e.g., leadership roles, athletics, campus organizations, student government).
• Exceptional time-management skills.
• A keen interest in financial literacy and various financial planning tools.
• Demonstrated business acumen and a desire to enhance critical thinking abilities.

Compensation & Benefits:

This program offers a robust compensation and benefits structure designed to reward performance and support professional development:

• Performance-based earnings and revenue (based on production as an Independent Contractor).
• Learning and Development Incentives (up to $1000/month, not inclusive of earned commissions).
• Productivity Bonuses.
• Comprehensive support for obtaining insurance licensing (Life, Health, Disability Income, Long-Term Care).
• Support for SIE, Series 6, and Series 63 registrations (eligibility required).

About Northwestern Mutual:

For over 165 years, Northwestern Mutual has been dedicated to helping clients live their lives to the fullest through comprehensive and innovative financial planning. We integrate the expertise of our financial professionals with personalized digital experiences and industry-leading products to empower clients to 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 towards their goals. We are distinguished by our unmatched financial strength and access to the best products and services for our clients.

Northwestern Mutual Financial Representatives and College Financial Representatives are highly valued partners and proud business owners. They are considered independent contractors for income tax purposes and a “statutory employee” for Federal Insurance Contributions Act (FICA) tax purposes. We are committed to fostering an inclusive and belonging workplace where every individual’s unique viewpoints contribute to collective success. We strive to build teams that mirror our diverse customer base and communities, ensuring an environment where all employees are welcomed, valued, and heard.

Why Join Northwestern Mutual?

• A Fortune 500 company (2023).
• Recognized among the Top 100 Internship Programs by Yello x WayUp (2022).
• Serving over 5.0+ million clients and growing (as of June 30, 2023).
• Manages or holds $257 billion in retail investment client assets (combined client assets of NMIS and NMWMC as of June 30, 2023).
• Listed on Forbes’ Best Employers for Diversity (2018-2021).
• Boasts Unsurpassed financial strength among U.S. life insurers (ratings from Moody’s, A.M. Best, Fitch, S&P Global).
• Recognized as a Best Place to Work for LGBTQ+ Equality by the Human Rights Campaign Corporate Equality Index (2015-2021).

Important Note: 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.

Salary Range:

USD $500.00 – USD $1,000.00 /Month (this range likely refers to the Learning and Development Incentives, as earnings are performance-based).