College Financial Representative (Internship Program)

Job Description

Here is the detailed enriched job description:

Job Title: College Financial Representative (Internship Program)

Location: 2100 Stewart Ave Ste 130

Overview

The College Financial Representative internship program at Northwestern Mutual offers a unique opportunity for students to gain hands-on experience in financial planning. Interns are provided with guidance, connection, and a robust framework for building an integrated financial planning practice from the ground up. This program caters to students from varying academic backgrounds and experiences, enabling them to construct a financial planning practice while engaging with local and nationwide experts, exclusive financial products, and the unwavering support of a Fortune 500 company. Participants will have the chance to build confidence, develop a professional network, and directly help individuals achieve financial freedom. Hard work is highly rewarded in this dynamic environment.

Responsibilities

This internship program is designed to mirror the full-time Financial Representative career, offering extensive learning and development opportunities. As a College Financial Representative, you will:

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

Program Structure & Benefits

Northwestern Mutual offers a flexible schedule for College Financial Representatives, designed to accommodate your academic life and classes. With the option to participate in the 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®. Interns are inspired at local and national recognition events, gain access to leadership programs, and collaborate with experts across the business. The company’s culture provides diverse resources to ensure both personal and professional growth. Eligible students with interest will also have the opportunity to interview for a full-time Financial Representative or Advisor role upon graduation.

Qualifications

Are you a strong candidate for this internship? Northwestern Mutual is seeking individuals who meet the following criteria:

• Currently a full-time student; juniors and seniors are preferred.
• Possess entrepreneurial ambitions and a genuine curiosity for sales.
• Highly involved on campus (e.g., leader in student organizations, athlete, student government).
• Demonstrate excellent time-management skills.
• Have a strong interest in financial literacy and planning tools.
• Exhibit business savvy and a desire to increase critical thinking abilities.

Compensation & Benefits

The compensation structure for this internship is designed to reward performance and support professional development:

• 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 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. The company combines the expertise of its financial professionals with a personalized digital experience and industry-leading products to empower clients in successfully navigating 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 towards their goals. Northwestern Mutual is distinguished by its unmatched financial strength and access to the best products and services for its clients.

Independent Contractor Status: Financial Representatives and College Financial Representatives are valued partners and proud business owners. As such, they are considered independent contractors for income tax purposes and a “statutory employee” for Federal Insurance Contributions Act (FICA) tax purposes.

Diversity & Inclusion: Northwestern Mutual values an inclusive and belonging workplace where everyone’s unique viewpoints contribute to new successes. The company strives to create teams that reflect its customers and communities, fostering an environment where all employees are welcomed, valued, and heard.

Why Join Northwestern Mutual

Joining Northwestern Mutual offers numerous advantages and opportunities:

• Ranked a Fortune 500 company (2023).
• Recognized among the Top 100 Internship Programs by Yello x WayUp (2022).
• Serves 5.0+ million clients and growing.
• Manages or holds $257 billion in retail investment client assets.
• Named one of Forbes’ Best Employers for Diversity (2018-2021).
• Boasts Unsurpassed financial strength among U.S. life insurers.
• Designated a Best Place to Work for LGBTQ+ Equality by the Human Rights Campaign Corporate Equality Index (2015-2021).

Salary Range

USD $500.00 – USD $1,000.00 /Yr. (This range pertains to the learning and development incentives and does not include earned commissions.)

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).