College Financial Representative Internship Program

Job Description

Job Title: College Financial Representative Internship Program

Location: 601 Tennessee Ave

Overview

Northwestern Mutual invites ambitious college students to join its highly regarded College Financial Representative Internship Program. This unique opportunity provides comprehensive guidance, extensive connections, and a structured framework for interns to build an integrated financial planning practice from the ground up. Regardless of academic background, interns gain invaluable experience by engaging with local and national experts, accessing exclusive financial products, and benefiting from the robust support of a Fortune 500 company.

This program is designed to significantly boost your confidence, expand your professional network, and equip you with the skills to help individuals achieve financial freedom. At Northwestern Mutual, hard work is directly rewarded, fostering an environment where your efforts translate into tangible success and personal growth.

Key Responsibilities

The internship program is structured to mirror the full-time Financial Representative career, offering a hands-on learning experience:

• Business Development: Learn and apply effective prospecting and networking strategies to build your personal business and client base.
• Strategic Planning: Develop and execute a comprehensive business strategy tailored to your growth objectives.
• Client Engagement: Initiate contact with potential clients, set meetings, and conduct in-depth discussions to understand their unique financial goals.
• Financial Recommendations: Prepare tailored financial plans and provide actionable, useful recommendations to help clients achieve their objectives.
• Proprietary Software Exposure: Gain practical experience with cutting-edge, proprietary financial planning software platforms.
• Ongoing Development: Participate in weekly coaching, training, and development meetings designed to enhance your skills and knowledge.
• Licensing Acquisition: Obtain essential Risk Product State Licensing, including Life, Accident, and Health, crucial for a career in financial services.
• Life Skill Development: Build critical life skills that open doors to diverse future career opportunities.

Program Flexibility & Advancement

As a Northwestern Mutual College Financial Representative, you will enjoy a flexible schedule designed to seamlessly integrate with your academic life and personal commitments. The internship program offers year-round participation, allowing continuous growth in your practice and ongoing support for advanced registrations and certifications such as the Series 6 & 63 or the prestigious CFP®.

Interns are inspired at local and national recognition events, gain access to exclusive leadership programs, and collaborate with industry experts. Our culture fosters diverse resources dedicated to ensuring your personal and professional growth throughout the program. Eligible students demonstrating strong performance will have the opportunity to interview for a full-time Financial Representative or Advisor role upon graduation.

Qualifications – Are You a Fit?

We are seeking highly motivated individuals who meet the following criteria:

• Academic Status: Currently enrolled as a full-time student; juniors and seniors are preferred.
• Entrepreneurial Spirit: Possess strong entrepreneurial ambitions and a genuine curiosity for sales.
• Campus Involvement: Highly involved in campus activities, demonstrating leadership (e.g., leader, athlete, campus organizations, student government).
• Time Management: Exhibit excellent and proven time-management skills.
• Financial Interest: A keen interest in financial literacy and the application of planning tools.
• Business Acumen: Demonstrate business savvy and a strong desire to enhance critical thinking abilities.

Compensation & Benefits

This internship offers a compelling compensation and benefits package designed to reward performance and support professional development:

• Performance-Based Earnings: Income is directly tied to your performance and revenue generation.
• Learning & Development Incentives: Opportunity to earn up to $1000/month, separate from earned commissions, to support your growth.
• Productivity Bonuses: Additional bonuses for achieving productivity milestones.
• Licensing Support: Comprehensive support for obtaining essential insurance licenses (Life, Health, Disability Income, Long-Term Care).
• Registration Support: Support for SIE, Series 6, and Series 63 registrations (eligibility required).

Salary Range: USD $500.00 – USD $1,000.00 /Yr.

About Northwestern Mutual

For over 165 years, Northwestern Mutual has been dedicated to helping clients live fully through comprehensive and innovative financial planning. We combine the unparalleled expertise of our financial professionals with a personalized digital experience and industry-leading products to empower clients in successfully navigating their financial lives.

Our tailored approach integrates multiple financial strategies—including insurance, investments, and annuities—designed to reinforce each other, ensuring clients stay consistently on track to meet their goals. We are renowned for our unmatched financial strength and provide access to the industry’s best products and services for our clients.

Our Financial Representatives and College Financial Representatives are highly valued partners and proud business owners. They operate as independent contractors¹ for income tax purposes and as “statutory employees” for Federal Insurance Contributions Act (FICA) tax purposes.

As a company, Northwestern Mutual is deeply committed to fostering an inclusive and belonging workplace where every individual’s unique viewpoints drive new successes. We strive to build diverse teams that reflect our customers and communities, creating an environment where all employees are welcomed, valued, and heard.

Why Join Northwestern Mutual?

• Recognized as a Fortune 500 company (2023).
• Listed among the Top 100 Internship Programs by Yello x WayUp (2022).
• Serving 5.0+ million clients and growing².
• Manages or holds $257 billion in retail investment client assets³.
• Consistently recognized on Forbes’ Best Employers for Diversity (2018-2021).
• Boasts Unsurpassed Financial Strength⁴ among U.S. life insurers.
• Awarded “Best Place to Work for LGBTQ+ Equality” by the Human Rights Campaign Corporate Equality Index (2015-2021).

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 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)