College Financial Representative (Internship Program)

Job Description

Job Title: College Financial Representative (Internship Program)

Location: 2515 South Rd Ste 201

About Northwestern Mutual

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 a personalized digital experience and industry-leading products to give our clients the ability 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 access to the best products and services for our clients.

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.

Internship Program Overview

The College Financial Representative internship program at Northwestern Mutual provides aspiring financial professionals with unparalleled guidance, connection, and a robust framework for building an integrated financial planning practice from the ground up. Regardless of your academic background or prior experiences, you will begin to construct your own financial planning practice while engaging with local and nationwide experts, gaining access to exclusive financial products, and benefiting from the comprehensive 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 genuinely pays off!

Why Join Northwestern Mutual?

• Recognized as a Fortune 500 company (2023).
• Named among the Top 100 Internship Programs by Yello x WayUp (2022).
• Serve over 5.0+ million clients and growing.
• Manage $257 billion in retail investment client assets held or managed by Northwestern Mutual.
• Consistently recognized as Forbes’ Best Employers for Diversity (2018-2021).
• Boasts Unsurpassed financial strength among U.S. life insurers.
• Acknowledged as a Best Place to Work for LGBTQ+ Equality by the Human Rights Campaign Corporate Equality Index (2015-2021).

Responsibilities

Our internship program closely mirrors our full-time Financial Representative career, offering you the chance to:

• Learn and apply effective prospecting and networking strategies to build your business and client base.
• Develop and meticulously execute a personalized business strategy.
• Proactively call on potential clients and set meetings to thoroughly understand their financial goals.
• Prepare comprehensive financial plans and offer insightful, useful recommendations tailored to client needs.
• Gain hands-on exposure to proprietary financial planning software platforms.
• Actively engage in weekly coaching, training, and development meetings designed to foster continuous growth.
• Receive support and training to obtain Risk Product State Licensing: Life, Accident, and Health.
• Build invaluable life skills that will open doors to diverse future career opportunities.

What You’ll Gain & Program Details

As a Northwestern Mutual College Financial Representative, you will enjoy a flexible schedule that seamlessly integrates with your life and academic commitments. With the option to participate in our internship program year-round, you can continuously grow your practice and receive dedicated support for professional registrations and certifications such as the Series 6 & 63 or CFP®. Get inspired at local and national recognition events, earn access to leadership development programs, and collaborate with leading experts in our business. Our culture provides diverse resources to ensure you experience significant personal and professional growth throughout this program.

Eligible students with interest will also have a direct opportunity to interview for a full-time Financial Representative or Advisor role upon graduation.

Qualifications

Are you a fit for this internship?

• Must be a full-time student; juniors and seniors preferred.
• Possess strong entrepreneurial ambitions and a genuine curiosity for sales.
• Highly involved on campus (e.g., leader, athlete, campus organizations, student government, etc.).
• Demonstrate excellent time-management skills.
• Express a keen interest in financial literacy and planning tools.
• Exhibit 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.
• Full support for obtaining insurance licensing (life, health, DI, LTC).
• Support for SIE, Series 6, Series 63 registrations (eligibility required).

Important Note on Employment Status

Our 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.

Please note: 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 /Yr.

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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)