College Financial Representative (Internship Program)

Job Description

Job Title: College Financial Representative (Internship Program)

Location: 515 S Flower St Fl 34

Overview

Northwestern Mutual offers a dynamic internship program for College Financial Representatives, providing a comprehensive framework for students to build an integrated financial planning practice from the ground up. Interns receive dedicated guidance, robust connection opportunities, and hands-on experience within a Fortune 500 company. Regardless of your academic background, you will engage with local and nationwide financial experts, access exclusive financial products, and develop crucial skills. This program is designed to build confidence, expand your professional network, and empower you to help individuals achieve financial freedom through hard work and dedication.

Responsibilities

This internship is structured to mirror the experience of a full-time Financial Representative, offering practical exposure to the financial services industry. Key responsibilities and learning opportunities include:

• Business Development: Learn and apply effective prospecting and networking strategies to build your client base and grow your business.
• Strategic Planning: Develop and execute a personal business strategy to achieve your professional goals.
• Client Engagement: Initiate contact with potential clients, set meetings, and conduct in-depth discussions to understand their financial aspirations and needs.
• Financial Analysis & Recommendations: Prepare tailored financial plans and provide actionable recommendations to help clients meet their objectives.
• Proprietary Software Exposure: Gain hands-on experience with industry-leading, proprietary financial planning software platforms.
• Continuous Learning: Participate in weekly coaching, training, and development meetings to enhance your skills and knowledge.
• Licensing & Certifications: Receive support and preparation for obtaining essential Risk Product State Licenses, including Life, Accident, and Health insurance.
• Skill Building: Develop valuable life skills that are transferable and beneficial for a wide range of future career opportunities.

The program offers a flexible schedule designed to accommodate your academic life. You have the option to participate year-round, allowing for continuous growth and the opportunity to pursue additional registrations and certifications such as the Series 6 & 63 or the CFP® designation (with eligibility and interest). Interns are encouraged to get inspired at local and national recognition events, earn access to leadership development programs, and collaborate with experts across the business. Northwestern Mutual fosters a culture rich in diverse resources, ensuring both personal and professional growth. High-performing eligible students may also have the opportunity to interview for a full-time Financial Representative or Advisor role upon graduation.

Qualifications

Ideal candidates for this internship program possess the following attributes:

• Academic Status: Must be a full-time student, with a preference for juniors and seniors.
• Entrepreneurial Drive: Demonstrated entrepreneurial ambitions and a genuine curiosity for sales.
• Campus Involvement: Highly involved in campus activities, showcasing leadership, teamwork, or organizational skills (e.g., leader in student organizations, athlete, student government member).
• Time Management: Excellent organizational and time-management skills to balance academic and professional commitments effectively.
• Financial Interest: A keen interest in financial literacy and the application of financial planning tools.
• Business Acumen: Exhibiting business savvy and a strong desire to enhance critical thinking abilities.

Compensation & Benefits

This program offers a competitive compensation structure that rewards performance and supports professional development:

• Performance-based Earnings: Compensation is primarily driven by performance-based earnings and revenue generated.
• Learning and Development Incentives: Receive incentives of up to $1000 per month, which are separate from earned commissions.
• Productivity Bonuses: Opportunities to earn additional bonuses based on productivity and goal achievement.
• Licensing Support: Comprehensive support for obtaining necessary insurance licenses (Life, Health, Disability Income, Long Term Care).
• Registration Support: Support for SIE, Series 6, and Series 63 registrations, contingent upon eligibility.

Note on Salary Range: The provided salary range of USD $500.00 – USD $1,000.00 /Yr. appears to refer to the Learning and Development Incentives, which are explicitly stated as being “up to $1000/month.” This discrepancy regarding the timeframe (yearly vs. monthly) should be clarified with the recruiter.

About Us

For over 165 years, Northwestern Mutual has been dedicated to helping clients live fully by providing comprehensive and innovative financial planning solutions. We integrate the expertise of our financial professionals with personalized digital experiences and industry-leading products. Our tailored approach incorporates multiple financial strategies, including insurance, investments, and annuities, designed to be mutually reinforcing and keep clients on track towards their financial goals. We are recognized for our unmatched financial strength and our commitment to providing access to the best products and services for our clients.

Our Financial Representatives and College Financial Representatives are highly valued partners and considered proud business owners. For income tax purposes, they are classified as independent contractors, and for Federal Insurance Contributions Act (FICA) tax purposes, they are statutory employees. Northwestern Mutual is committed to fostering an inclusive workplace where diverse viewpoints are celebrated, and all employees feel welcomed, valued, and heard, reflecting the communities and customers we serve.

Why Join Northwestern Mutual

• Recognized as a Fortune 500 company (2023).
• Featured in Yello x WayUp’s Top 100 Internship Programs (2022).
• Serving over 5.0+ million clients and continuously expanding.
• Manages or holds $257 billion in retail investment client assets.
• Consistently recognized as one of Forbes’ Best Employers for Diversity (2018-2021).
• Holds an unsurpassed record of financial strength among U.S. life insurers.
• Honored as a Best Place to Work for LGBTQ+ Equality by the Human Rights Campaign Corporate Equality Index (2015-2021).