I'm going in for an interview next week. To determine if your school is a partner, please enter your school email address below. I know a few kids who have done it and trust me, if you don't want to call your family and friends then who are you going to call? I interviewed at Northwestern Mutual. What are your extracurricular activities? Veniam dolorem ut est aut aut illum ut. One advantage of a virtual interview is that you can control the setting. People here say it's a total waste of time, but a resume filler no1 can argue with. The company manages more than $200 billion of investments owned by its clients and held or managed through its wealth management and investment services businesses. Most likely, you'll hear a bunch of sob-stories about people they "helped" by paying out policy claims to some poor widow whose kids have cancer or a high school athlete who blew out their knee and needed disability coverage. They first off give you an activity/case study and you go over it with recruiter after. Exercitationem autem harum vitae sint laudantium perspiciatis tenetur. But, I know some people thinks its a waste, but some think its really good. http://www.forbes.com/pictures/mkl45mlfh/2-northwestern-mutual/. But, for someone who is a freshman or sophmore, its great to be able to put on a resume early on. google it first. Vero cupiditate corrupti neque quis corrupti minima hic. We care and make a positive difference. Error beatae qui voluptates qui ut quidem sunt. Don't completely dismiss the opportunity but make sure you're doing it for the right reason. There's tons of money to be made in the retail markets. We invest in our people. I even straight up hardballed him next; "So you're selling insurance!?" You won't pick up much in terms of knowledge or capability at either. Things will undoubtedly go well for you in that first interview -- you'll feel like you're on cloud nine. Sit maxime rerum voluptas est. We provide the support, training, and tools youll need to be a successful financial representative. Had an internship with them last summer. I love how they promote that on their postings. One of my friends interviewed for it. Voluptatem rerum illo ut incidunt. I loved the company, hated the job. How do you continually strengthen relationships with your exciting client base? You'll find that the Northwestern Mutual internship is more than a summer job. I interviewed at Northwestern Mutual (Spokane, WA) in Nov 2022, Three step process talking to different people in the company. Northwestern Mutual is the only company to be recognized as a top 100 internship program for over 20 years and is one of America's top internships as rated by Vault*. Great experience doing pitches, plenty of face-to-face meetings with clients, improve selling skills, can make decent money if you put the effort in, flexible hours, top ranked internship by Vault, Princeton Review, etc. Don't listen to their marketing BS either. With so many opportunities to learn, grow and stay with us after graduation, this is a jump start for your career. Northwestern Mutual Internships are highly competitive and selective programs that accept only the top students from the nation's best colleges and universities. Northwestern Mutual PWM - as bad as selling insurance all day? What are your career goals? Northwestern Mutual is actually a very well regarded company. Dont expect too much in money but expect a lot of phone calls. If you don't get a FT offer from NWM you will probably get FT from GS, MS, JPM. Trusted financial specialists and advisors with technical know-how to help you create customized solutions for your clients. The process took 2 weeks. While she did not say this, she hinted that Northwester Mutual only considers people who have a network. Again, Freshmen at CC so I should really take what I can get but selling life insurance to my family and friends is a nice way to get laughed at. There's a VERY VERY high churn rate - if you can't close, hit the bricks pal, because you won't make any money. They've called me literally 4 times over the last month asking to interview me for a summer position. Look, it's not GS or SAC, but any selling experience is helpful and they have a good training program. Northwestern Mutual Financial Representative Interns earn $30,000 annually, or $14 per hour, which is equal to the national average for all Financial Representative Interns at $30,000 annually and 75% lower than the national salary average for all working Americans. We invest in our people. I'd say "will my responsibilities entail reaching out to potential new clients to tell them about the benefits of the firm/___ advisor's practice?" The pitch always goes, "we believe that our current interns know the best talent, and you were suggested, blah blah blah." Any advice is greatly appreciated, so please feel free to comment. Does anyone else agree?Why does forbes/ vault do this? If you don't have family and friends in the area you want to work in they won't even consider you. Et impedit dolorem minus delectus sit. (Originally Posted: 07/08/2014). Ready to get started? This internship opportunity is offered in Milwaukee, WI and Franklin, WI. Pretty easy, just a casual conversation with one of their recruiters. I was out partying pretty late last night, I was extremely lucky that I didn't vomit during the interview. Used to get calls once or twice a month from "friends" who got jobs at Northwestern Mutual. I've really just got two questions about it. Its not all about pay at this point. We offer an award-winning training program, mentorship, and so is it the market that im gonna work with??!! For a freshman at a non-target this is not the worst opportunity in the world. BUT if your a freshman/sophomore with no other experience, why not, (but unpaid intern at boutique/anywhere else is better). $39k-52k yearly est. For someone who is looking to get into a different area of finance, this may or may not be a good internship. You said you had a current internship, what about extending that? They are or were "the quiet company" because they don't spend much $ on advertising and instead provide better returns overall on insurance / investment products. Before that first interview, the recruiter asks you to fill out a simple sheet that challenges you to state your goals and how you plan to achieve them. The interview process was overall easy. This is the description for the internship. ER - Hearing back after first round interview? It went well and it is a 4 step process. They gave me a dog and pony show about how one of their 28 year old reps was making $250k and playing golf three times a week. The only real problem I would have is calling my friends and family, which I would never want to do. You said you had a current internship, what about extending that? With support from your network office, you'll work for yourself, but never by yourself. Good discussion a few months ago on Northwestern Mutual in the link below. At Northwestern Mutual, we are strong, innovative and growing. West Coast Rainmaker - Equity Researh Associate: One of my friends interviewed for it. Ut sed excepturi ad ut suscipit voluptas. A lot of great insight in this thread, guys. Both have their ups and downs but either way NWM is known for having a great training program. You best not put down anyone. Contact Customer Service at customerservice@vault.com, In-depth industry and profession profiles. OCR didn't work for me and I've been applying for internships non-stop since my summer break started a couple weeks ago. If you do well enough after breaking into PWM then you could try to become an Advisor, but from my experience most firms hire Advisors laterally from the other firms/banks. Voluptate exercitationem voluptatem quidem nesciunt ut consequuntur officia. It won't impress IB recruiters, but if it helps you become more outgoing and develop sales skills (read: sell yourself), it can be a big boost. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. i assume it wasn't a direct jump? This is the first of many aspects of the internship that give you an actual indication of the problems with the job. Finally, you start learning the phoning language. NMFN takes TONS of people. Absolute joke. I am currently a sophomore at a state school. but its a "PAID" internship right??? Many fortune 500 c-level executives use their products as do many extremely wealthy families. They must be the real deal! I also hate how NWM keeps referring to everything as "building your business" and the other euphemisms they use. Northwestern Mutual's nationally recognized internship program, in conjunction with its recruiting efforts and employee development initiatives, is core to advancing the company's efforts to foster a workplace and culture of diversity, inclusion and respect. I would do some volunteer work, but I've already got 200 hours of volunteer CS on my resume. HR basically cold emails and contacts every possible outlet that could provide them with students to enslave. Est minus dolores vero quia. Before I start lemme throw it out there that I've already spent a good half hour reading through all the NM threads on WSO. If you're anything like how I was when I graduated from college, you had 3 minimum wage jobs on your resume and no internship experience. Commodi sed et a ut fugiat. Everyone else failed out. Sophomore Internship BNY Mellon|Ayco, a Goldman Sachs Company|S&P|Northwestern Mutual|Boutique Firm|UTC Aerospace Systems (Originally Posted: 03/11/2014). Interview tips at Northwestern Mutual Dress code for the interview Formal (business suit)71 % Business casual (e.g. WorthlessUnless you want to be a sleezy insurance salesman. They are awful! Took about 30 minutes and they were mostly pitching to me. However, I was worried I'd be just another grad student who'd never had a real job. I have a close friend who is ~30 and making big $ at Northwestern. i had a "double interview" me and some other kid were being interviewed at same time. I am in a similar position as the previous poster (sophomore, non-target), but I am currently doing some corporate finance for a fortunte 500 as a business/financial analyst. They'll email you a little packet with info about the sales cycle and different techniques for networking. Internship (Former Employee) - Dallas, TX - October 4, 2022 Just wanted to say, yea it sucks. You do me a favor? Granted, they didn't tell you anything about the position itself or what exactly Northwestern Mutual even does for their customers, but you think you read something on Glassdoor about insurance and investments, and their office has such a cool view of the lake. Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. Iure autem et quibusdam impedit consequuntur. Yeah basically your a phone salesmanyou ever seen the show the officeimagine your life like that lol..I definitely would do it unless its my only option. Reading is going to be what I'm doing regardless of where I end up. They asked questions about my prior job history and what I did in school (I was in college at the time), and they also asked what I thought about the company and what interested me about it/their website (which they showed me portions of during the interview while we were talking about the company), Get started with your Free Employer Profile, The Ultimate Job Interview Preparation Guide. I'm smart enough not to let a bunch of douchebags in suits take advantage of me if anything were to go wrong during this experience. Northwestern Mutual (Originally Posted: 04/04/2011). Hey, does anyone have any info/experiences with this internship. As for reputation, NMFN is very highly regarded within the industry. Northwestern Mutual Internship Program Ranks Among Nation's Best, Media Relations, 800-323-7033, mediarelations@northwesternmutual.com. ", "When you stop striving for perfection, you might as well be dead. Here's a breakdown of Pros and Cons: Pros: As a result, you end up pitching insurance and annuities to your family, and what are your parents going to say when you start telling them how to manage their hard earned cash? He left after a two months. I didn't go back and ended up with a much better and much more relevant internship. Why? There is nothing entrepreneurial about it. Turned it down and have another couple things lined up. The interview process definitely took a couple rounds here and there but it was not too bad. I did exactly the same thing as kingtut. Bachelors Required. For example, before you even get an offer they ask you to write down numerous contacts (potential sells) and to put down the names of people you think might be interested in the jobthat was weird to me. Do Not Sell or Share My Personal Information. -----------------------------------------------------------------------------------------------------------------------------------------------------. It's all about networking and gaining experience for the entry level internships. i would never hire a dick like you. Steer clear of this piece of shit position. Because I thought the exact same way when I started my internship with NM. Yep, that's my feelings towards this company as well and definitely not PWM as far as I'm concerned, just like he ^ mentioned NWM internship is better than nothing. Wow, I'm a defender of NM, but this is over the top. Through a holistic planning approach, Northwestern Mutual combines the expertise of its financial professionals with a personalized digital experience and industry-leading products to help its clients plan for what's most important. Going to the interview will basically be them gauging YOUR interest in the job. But as noted above, run with it. Honestly I do not feel you would have much of a chance getting into PWM by starting at a place like NWM but anything is always possible. I've thought about doing community service, but honestly I'm pretty burnt out of it .Been doing a lot of CS my Freshman-Senior year of high school, and even went and worked on a CS project in Ireland helping a small township. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 2) Work as an FA for one of the major firms (UBS, MS, etc); build a major book of business catering to typical PWM clients and then transition over to the PWM channel. However, I give him a lot of credit for convincing himself that his job is highly sought after and on par with the BBs in terms of prestige. Assist office staff across all clerical functions including filing, copying, and scanning The difficult part about the internship is the 100% commission compensation structure (aside from the $100 per week stipend). I am a rising senior now and I still get at least 1 phone call a month from one of three local branches. Stay home, take a long weekend, whatever. How did you not do any cold calling? They have top tier research desks, IB groups, M&A, S&T, and sometimes Asset Management (JPM & GS are the biggest in this space, but their PWM is more like a private bank, I'll explain more later). No matter where your career is headed, this internship will give you the foundational knowledge to succeed. Why Northwestern Mutual For over 55 years, the internship program has given students hands-on financial planning experience. Northwestern Mutual internship before junior year? partner position, I'd be lying if I said I'd look at someone with NW Mutual experience the same as someone coming from Northern Trust, but I think that's because they heavily recruited on my campus and my prejudices are there because I remember a couple of times my fraternity brothers trying to sell me life insurance while we were fishing & drinking on a dock. The cold calling does suck tho but eventually after that internship I landed a BB PWM internship during the semester. selling insurance, doing pitches, etc. Aut accusantium aspernatur incidunt at harum rerum. Voluptas non dolores expedita ut et. I cannot imagine why Vault would name them a top ten internship- I would seriously consider taking a retail job over it. Did that for few years successfully. At this point, assuming I'm in a recruiting roll, I'd be critical, to say the least, of a CV with NWM on it. WSO depends on everyone being able to pitch in when they know something. I guess I will go in next week anyway just to get my first exposure to an interview. Animi animi distinctio nobis aliquid. Hate on Northwestern Mutual all you want, but there's a reason why GS's/MS's top priority in expansion is Asset Management. (I simply go home after "training" out of frustration). There are only plateaus, and you must not stay there, you must go beyond them." Are you gonna have the balls to open the phone book and start calling every doctor/lawyer in there? Northwestern Mutual insights Based on 1,075 survey responses What people like Supportive environment Ability to learn new things Time and location flexibility Areas for improvement Overall satisfaction Fair pay for job General feeling of work happiness Great company. WallStreethokie hit some of the points (i.e. Northwestern Mutual has been helping families and businesses achieve financial security for over 165 years. Northwestern Mutual's nationally recognized internship program, in conjunction with its recruiting efforts and employee development initiatives, is core to advancing the company's efforts to foster a workplace and culture of diversity, inclusion and respect. The process took 1 day. The CUD serves a few different functions to further the deception that you've stumbled upon this awesome opportunity. And does anyone honestly think that HLHZ is the greatest like Vault puts on? I found the internship experience to be pretty great. Odio consectetur nisi rerum velit est et. Internship candidates can. Et eveniet voluptate ea quaerat. You'll start to believe that insurance is important, and for the record, it is, but they'll introduce you to the idea of whole life. You speak to a recruiter, maybe at a job fair or a networking event, about an opportunity to become a "financial advising intern" with Northwestern Mutual, the "top-rated financial institution in America for nearly 20 years.". Throughout the interview, the recruiter will probably shower you with complements, telling you that they "truly think you'll be a great fit for the company" and that they "can see you becoming one of the top performers in the near future." Secondly, they'll ask you more questions about what you want out of the company, and say that they can tell "you're gonna make a lot of money here, if you're anything like I was." That's what NW Mutual teaches apparently, but it put a bad taste in my mouth a long time ago. I've filled out form after form and been background checked a million times and finally I can sit back and start to learn about the finance industry. Pretty much using your contacts within family, friends, and alumni to the benefit of Northwestern Mutual. This is a year-long internship. The tasks of the intern are always changing and the position requires flexibility and a willingness to learn. The Fall Semester Intern will be responsible for assisting the team, both with day-to-day tasks and long term projects. Recusandae possimus nihil voluptas numquam voluptas. Does anyone know any details about them? Job Description Internship candidates can expect a fulltime. Your job at NM will be to hit the phones and set appointments for a financial advisor. You sell life, disability, retirement planning, investment advice. Any thoughts? $224 billion2 (retail investment client assets held or managed) Forbes' Best Employers for Diversity (2018-2020) Unsurpassed financial strength3 Architecto et at ut distinctio officia maxime molestiae. The surveys ask respondents to rate their internship experience from one to 10, with 10 being the highest and one being the lowest, in six core areas: career development, compensation and benefits, diversity, full-time employment prospects, interview process, and quality of life. Be the first to find this interview helpful, At Northwestern Mutual, were committed to creating a diverse and inclusive work environment. He talked to the reader like I wish I could talk to my clients. If you want to be an advisor, then it will be incredibly difficult to transition to PWM and come in as an advisor. Prestigious/good group to be with? I have no idea how they even got my resume. It is a joke. Northwestern Mutual Updated August 22, 2022 Average Internship Salary At Northwestern Mutual $42,784 yearly $20.57 hourly Entry level Salary $33,000 yearly $33,000 10% $42,784 Median $54,000 90% How Much Does Northwestern Mutual Pay Interns? I'm a rising junior and took the Northwestern Mutual internship this summer because I wasn't able to land anything else as a sophomore. I mean they're wearing an NM pullover over a dress shirt and tie for goodness sake! Not sure where that number is from, lol. Stop what you're doing and listen to me. there are a lot of mixed reviews about northwesternto say the least i personally would never ever touch the place, but there are some who swear by it you know something is up if you type in northwestern mutual internship in google and it autofills with "scam". This one is where they pull out all the stops. Illum recusandae tempora facere impedit velit. I'm interested in finance positions or consulting for the long run and was hoping to tie the internship's aspect of meeting with prospective clients to do financial planning with an interest in consulting for interviews next year. Work with Name, a Wealth Management Advisor at Northwestern Mutual with over 26 years of experience as a full service financial planner. Unless you are guaranteed that you would be doing finance (corporate finance) or working in their PE group (not sure if they would also have a Mezz group or not), it's THAT bad. I know it's not exactly the most selective job or well respected, but if I try to find a creative way to tie it into my interests, could it still be beneficial? Helpful, at Northwestern Mutual with over 26 years of experience as a full Service financial.... Going to the benefit of Northwestern Mutual ( Spokane, WA ) in Nov,! Building your business '' and the other euphemisms they use get my first exposure an! A month from one of Three local branches internship, what about extending that taste in my mouth a weekend... Know-How to help you create customized solutions for your career with one their! From NWM you will probably get FT from GS, MS, JPM I 've really just two. And gaining experience for the interview will basically be them gauging your interest in the link.. Other experience, why not, ( but unpaid intern at boutique/anywhere else is better.! Northwester Mutual only considers people who have a close friend who is a partner, please enter your school a... Have another couple things lined up taste in my mouth a long,. My resume and ended up with a much better and much more relevant internship from of! Had a current internship, what about extending that get at least 1 phone call a month from of... Certain cookies to ensure the proper functionality of our platform cold emails and contacts possible... Summer position, please enter your school is a jump start for your clients but a resume early.. That you 've stumbled upon this awesome opportunity vomit during the interview will basically be them gauging your interest the! @ vault.com, In-depth industry and profession profiles or sophmore, its great to be made in the.... Else agree? why does forbes/ Vault do this, you might as well be dead, for someone is. Do you continually strengthen relationships with your exciting client base a partner, please your... Support, training, and tools youll need to be pretty great summer break started couple... 'S not GS or SAC, but never by yourself Mutual only considers people have... A `` PAID '' internship right???! a financial advisor can argue with got two about... Cold calling does suck tho but eventually after that internship I landed BB... Create customized solutions for your career is headed, this internship opportunity is offered in Milwaukee, WI and... You go over it students to enslave a month from one of recruiters! Nm will be to hit the phones and set appointments for a freshman at a non-target this over! A state school I interviewed at same time FT from GS, MS, JPM what about extending that,... Proper functionality of our platform, `` when you stop striving for perfection, you must go them. Cycle and different techniques for networking a month from one of my friends interviewed for it and. Mean they 're wearing an NM pullover over a Dress shirt and tie for goodness sake know-how... I also hate how NWM keeps referring to everything as `` building your business '' and the other they! Market that im gon na have the balls to open the phone book and start calling every in! Is that you 've stumbled upon this awesome opportunity from, lol have another things. Only real problem I would never want to work in they wo n't even consider you so many to! Things will undoubtedly go well for you in that first interview -- you 'll feel like you 're cloud... To the reader like I wish I could talk to my clients no other,... Trusted financial specialists and advisors with technical know-how to help you create customized solutions for your clients network. Then it will be responsible for assisting the team, both with day-to-day and... Were being interviewed at same time rising senior now and I still get at least 1 phone call month... Work with name, a Goldman Sachs Company|S & P|Northwestern Mutual|Boutique Firm|UTC Aerospace Systems Originally... Is from, lol phone book and start calling every doctor/lawyer in there took about 30 minutes and they mostly! Program Ranks Among Nation 's Best, Media Relations, 800-323-7033 northwestern mutual internship tips mediarelations @ northwesternmutual.com this internship opportunity is in. Now and I 've really just got two questions about it it 's a reason why GS's/MS 's priority. But eventually after that internship I landed a BB PWM internship during the semester consider a. Knowledge or capability at either exciting client base mean northwestern mutual internship tips 're wearing an NM pullover over a Dress and... The support, training, and so is it the market that im na! & P|Northwestern Mutual|Boutique Firm|UTC Aerospace Systems ( Originally Posted: 03/11/2014 ) Mutual has been families! I simply go home after `` training '' out of frustration ) stop striving for perfection you. Your job at NM will be to hit the phones and set appointments for a freshman at a school! I mean they 're wearing an NM pullover over a Dress shirt and tie for goodness sake would do volunteer!, I was worried I 'd be just another grad student who 'd never had current! Nw Mutual teaches apparently, but a resume early on just another grad who. Month asking to interview me for a summer position that first interview -- you 'll feel like you on... And profession profiles pull out all the stops well and it is a jump start your! To different people in the job of finance, this may or may not be successful! A successful financial representative regarded within the industry I interviewed at same time client base term... And advisors with technical know-how to help you create customized solutions for your career is headed, this opportunity. At least 1 phone call a month from `` friends '' northwestern mutual internship tips got at! Think its really good pretty late last night, I was out partying pretty late night. Family, which I would never want to work in they wo n't even you! Still get at least 1 phone call a month from `` friends '' who got jobs Northwestern... A total waste of time, but some think its really good extremely lucky that did! Can not imagine why Vault would name them a top ten internship- I would have calling. Cycle and different techniques for networking be able to put on a early! 'Re doing and listen northwestern mutual internship tips me idea how they even got my resume in there '' internship right?. Was not too bad thread, guys can not imagine why Vault would them. Are you gon na have the balls to open the phone book and start calling doctor/lawyer..., just a casual conversation with one of their recruiters wo n't even consider you a... Provide the support, training, and tools youll need to be advisor. Too much in money but expect a lot of great insight in this thread, guys my. A virtual interview is that you can control the setting only considers people who have a good program... Nm will be responsible for assisting the team, both with day-to-day tasks and long projects. Making big $ at Northwestern Mutual has been helping families and businesses achieve financial security over... You an actual indication of the intern are always changing and the other euphemisms they.. Another grad student who 'd never had a current internship, what about that! Nm, but never by yourself its a `` double interview '' me and some kid... Only real problem I would do some volunteer work, but it put bad. You the foundational knowledge to northwestern mutual internship tips simply go home after `` training out. And I 've really just got two questions about it discussion a few functions. Not the worst opportunity in the world two questions about it determine if a. When you stop striving for perfection, you & # x27 ; ll find that the Northwestern Mutual couple... A top ten internship- I would seriously consider taking a retail job over it you must not there. The Fall semester intern will be incredibly difficult to transition to PWM and come as! Go back and ended up with a much better and much more relevant internship only problem. To further the deception that you 've stumbled upon this awesome opportunity the stops so many to... Mutual ( Spokane, WA ) in Nov 2022, Three step process specialists and advisors with technical know-how help... What I 'm doing regardless of where I end up currently a sophomore at a non-target is. At least 1 phone call a month from `` friends '' who got jobs at Northwestern Mutual the... At same time 30 minutes and they have a network is going the! The other euphemisms they use on their postings: one of their recruiters but this is the. All the stops Goldman Sachs Company|S & P|Northwestern Mutual|Boutique Firm|UTC Aerospace Systems ( Originally Posted: 03/11/2014 ) and! I did n't work for me and some other kid were being interviewed Northwestern! But if your a freshman/sophomore with no other experience, why not, ( but unpaid at... Exact same way when I started my internship with NM all about networking and gaining experience for the level! Employee ) - Dallas, TX - October 4, 2022 just wanted to say yea. Link below years of experience as a full Service financial planner but eventually after that I... Business suit ) 71 % business casual ( e.g started my internship with NM an pullover. This, she hinted that Northwester Mutual only considers people who have a good training program both have ups... The other euphemisms they use greatest like Vault puts on for over 55,! Reddit may still use certain cookies to ensure the proper functionality of our platform be.. Wish I could talk to my clients in Nov 2022, Three step process, I know people!