This internship will start in the spring or summer of 2027 dependent on your availability.
Northwestern Mutual – Twin Cities has six office locations in Minnesota and Wisconsin, and each office has multiple internship openings available. Please only apply if you are local to one of these locations:
Minnesota – Mendota Heights, Golden Valley, and Mankato
Wisconsin – Eau Claire, La Crosse, and Wausau
We continually recruit excellent students year-round and have select openings for fall and spring semesters in addition to our summer internship program. Please let our recruiters know which session you would be interested in!
*OPEN TO ALL MAJORS*
Overview
College Financial Representatives in the internship program at Northwestern Mutual are provided guidance, connection, and a framework for building an integrated financial planning practice from the ground up. Our college financial representatives, who come from varying academic backgrounds and experiences, begin to build a financial planning practice while engaging local and nationwide experts, exclusive financial products, and the support of a Fortune 500 company. You will have the opportunity to build your confidence, develop a professional network, and help people achieve financial freedom. Here, hard work pays off!
Responsibilities
Our internship program mimics our full-time Financial Representative career, allowing you to:
- Learn how to prospect and network to build your business and client base
- Develop and execute on a business strategy
- Call on potential clients and set meetings to understand their financial goals
- Prepare plans and offer useful recommendations
- Gain exposure to proprietary planning software platforms
- Engage in weekly coaching, training, and development meetings
- Receive Risk Product State Licensing: Life, Accident, and Health
- Build life skills that create future career opportunities
As a Northwestern Mutual College Financial Representative, you can expect a flexible schedule to work around your life and your classes. With the option to participate in our internship program year-round, you can continue to grow your practice and obtain support for registrations and certifications such as the Series 6 & 63 or CFP®. Get inspired at local and national recognition events, earn access to leadership programs, and collaborate with experts in our business. In fact, you’ll find diverse resources across our culture to ensure that you experience personal and professional growth in this program. With interest, eligible students have an opportunity to interview for a full-time Financial Representative or Advisor role upon graduation.
Qualifications
Are you a fit for this internship?
- Full-time student; juniors and seniors preferred
- Entrepreneurial ambitions and curiosity for sales
- Highly involved on campus (leader, athlete, campus orgs, student government, etc.)
- Excellent time-management skills
- Interest in financial literacy and planning tools
- Business savvy and desire to increase critical thinking abilities
Compensation & Benefits
This is an incredible opportunity for strong performers who have high aspirations for themselves, want control of their futures through their earnings, and ideally are open to a full-time advisor career after graduation. Because of this, we compensate our interns similarly to how our fulltime advisors are compensated. The main way you get compensated is through commissions. As you work with your clients, the policies you deliver that are accepted earn you commissions. We also have weekly incentives based on specific tasks you complete that help you meet with clients and deliver those policies. On average, an intern in our office is expected to earn about $7,000-10,000 for the summer.
- Performance-based earnings and revenue
- Learning and Development Incentives (up to $1,000/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 Us
For over 165 years, we have helped our clients spend their lives living through comprehensive and innovative financial planning. We combine the expertise of our financial professionals with 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.
Our Financial Representatives and College Financial Representatives are valued partners and proud business owners. As such, they are considered independent contractors (1) for income tax purposes, and a “statutory employee” for Federal Insurance Contributions Act (FICA) tax purposes.
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.
Why Join Northwestern Mutual?
- Fortune 500 company (2023)
- Top 100 Internship Programs, Yello x WayUp (2023)
- 5.0+ million clients and growing (2)
- $257 billion retail investment client assets held or managed by Northwestern Mutual (3)
- Forbes’ Best Employers for Diversity (2018-2021)
- Unsurpassed financial strength (4)
- Best Place to Work for LGBTQ+ Equality- Human Rights Campaign Corporate Equality Index (2015-2021)
- Top 200 Workplace Star Tribune (2024)
(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)