College Financial Representative, Internship Program

Northwestern Mutual • Melville, NY

2d • Onsite

About The Position

Northwestern Mutual’s College Financial Representative internship provides guidance, connections, and a framework for building a financial planning practice. Interns learn to develop a client base, create and execute a business strategy, understand clients’ financial goals, prepare financial plans, and make recommendations. The program resembles the full-time Financial Representative career and offers access to local and nationwide experts, financial products, planning software, and company support.

Interns take part in coaching, training, and development meetings and may receive support for insurance licensing and securities registrations. The schedule is flexible around classes, and the program may be available year-round. Students may also have access to recognition events, leadership programs, and business experts. Eligible students may interview for a full-time Financial Representative or Advisor position after graduation.

College Financial Representatives are independent contractors for income tax purposes and statutory employees for FICA tax purposes. Compensation is production-based and may include learning and development incentives and productivity bonuses. An intern contract requires approval, including a national criminal background check.

Requirements

• Be a full-time student; juniors and seniors are preferred.
• Have entrepreneurial ambitions and curiosity about sales.
• Be highly involved on campus, such as through leadership, athletics, campus organizations, or student government.
• Have excellent time-management skills.
• Have an interest in financial literacy and planning tools.
• Have business savvy and a desire to strengthen critical-thinking abilities.

Nice To Haves

• Juniors and seniors are preferred.
• Participation in campus leadership, athletics, organizations, or student government is cited as an example of campus involvement.

Responsibilities

• Learn prospecting and networking methods to build a business and client base.
• Develop and execute a business strategy.
• Contact prospective clients and schedule meetings to understand their financial goals.
• Prepare financial plans and provide useful recommendations.
• Gain exposure to proprietary financial planning software platforms.
• Participate in weekly coaching, training, and development meetings.
• Obtain Risk Product State Licensing in Life, Accident, and Health.
• Build life skills that support future career opportunities.

Benefits

• Performance-based earnings and revenue.
• Learning and Development Incentives of up to $1,000 per month, not including earned commissions.
• Productivity bonuses.
• Support for insurance licensing in life, health, disability income, and long-term care.
• Support for SIE, Series 6, and Series 63 registrations, subject to eligibility.
• Flexible scheduling around classes.
• Potential access to leadership programs, recognition events, coaching, training, and development.

What This Job Offers

• Career Level: Intern
• Education Level: No Education Listed