They were very easy and the offered important information on the internship. All commission, so for people who want to work hard and sell insurance. They then explain to me that senior employees get window offices and newer ones don't, okay great, I don't care. More posts from the internships community. This is where it gets really pyramid scheme-like and MLMish. The management in my particular location/agency was absolutely heinous. But you are right, all they wanted was the people I knew. But wow your post summed up exactly my impression of North Western Mutual. "Northwestern Mutual is the only company to be recognized as a top 100 internship program1 for 24 straight years. I interned at Northwestern Mutual during the summer of 2009 then through the following school year part-time and then again during the summer of 2010. They definitely were seeing the dollar signs on my dad, and of course that would be much more profitable than selling to a bunch of college kids, but it just seems wrong to dupe a college kid like they have been. Same experience with NWM here in my town, got in touch through the career fair and progressed through the interviews. DO NOT fall victim to companies like this! Does anyone have experience with them and this internship program of theirs? Thanks. Press question mark to learn the rest of the keyboard shortcuts. My recruiter wanted a similar task completed, and said that Thanksgiving would be an especially great time to prospect clients, that's just gross. Range: $393 - $431. Wow! Yes, you'll be on the phone a lot - especially at first. It made me very excited for the further parts of the interview process! Current Intern - Sales Representative in San Francisco, CA. WM at the big 4 is very similar. 26:32. I was asked to interview with Northwestern Mutual for an internship program... after reading some other Reddit posts about it I am unsure what to think, some people said it was great and gave them experience but others said they only wanted you to sell insurance to your families and friends and were sort of an MLM. Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company and its subsidiaries. I'd love to share with you! Haha they kept asking me how many people do I know that would be interested in insurance. 4: If they are willing to lie to me and/or others about what this really is I think they already know that most people aren't cut out for this kind of work. One final note: I do not have any interest in becoming a financial advisor. They emphasize that these people in the video are *successful* because they get up early, and they're *successful* because all they do is call all day. 0 0. The entire internship was so full of pressure that it really took a toll on me, personally. They weren't quite as upfront about how much they're just using you for your network, and they also pulled the bait and switch on me talking about how they don't believe in cold-calling, that they'd pay for my credentialing, and reassuring me that it would be a comprehensive financial planning internship, followed by the would-be "mentor" sending me an Excel spreadsheet asking for 100 names of friends, family, and people I've meet through my current sales network. Wasted their summer and hardly made a dime. I didn’t even accept an interview with them. Life and disability insurance, annuities, and life insurance with long-term care benefits are issued by The Northwestern Mutual Life Insurance Company, Milwaukee, WI (NM). It’s not a job that anyone can do, or would enjoy doing. Glad you came to the smart decision. 2. Awarded in the Insurance category: Life & Health industry, Fortune magazine's annual survey, 2017. Press question mark to learn the rest of the keyboard shortcuts. or a watch! Sounds like deception is a common tactic in a lot of these recruiting scenarios. They say they value diversity and inclusion, but the moment you don't "fit in" they make you an outsider. Northwestern will tell you this and they'll tell you that, but at the core it's a waste of your time and here's why: 1: They entice you with lingo like "build your own business" and "we will give you so much good experience that can be transferred to any part of the financial industry". Also feel free to PM me with any questions you have, I'm an open book. My friend told me that the interviewer said he was in the top 10% of their applicants and that he'd be getting experience with finance and that a mentor would be helping. When researching these firms their information can be found on the advisor portal and you can learn exactly what the firm does through there ADV pt II. $0/mo. I wonder if it is worth going to if I do not get any other internships to suck it up just to put it on my resume, or if it is better to do nothing than to do this internship. I guess ill just hope for others and take it as a last resort for the resume building. My honest review of the Northwestern Mutual Financial Advisor internship I did in the summer of 2017. They show me around the office and open with their rather run-of-the-mill meeting room, it can fit maybe 20 people around the table, they tell me "This place is so great because it's full of such great energy and we have to pull extra chairs in because there's so many people here sharing *success* stories. I told them that I already have a decent-paying job for a college student (I am a personal banker and have a good history of experience) and that I am looking for an internship with wealth management, financial advising, or trust, the rep sold me hard on this internship that they offer to a few select students and that it's a financial advising position, I was stoked, they even told me that's it's a regular occurrence to get your CFP license while in the internship, that would be awesome! If you're interested in the whollistic side of things, find a firm where the managers also participate in insurance sales. Interview. ... Northwestern Mutual is a big recognizable name and therefore most people trust them implicitly, but it's a shit company. Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company and its subsidiaries. Selling insurance can be great, I know some brokers that are wonderful to work with but I don't think this is the stable job that graduates are looking for or should pursue, you don't need a degree to do this. Financial Advising Intern - F500 Financials Co. I went over the materials that I was sent to prepare for my first real interview, it contained two videos and a booklet. That was sketchy. Cons. View Disclosures Hide Disclosures . Northwestern Mutual's approach to the coronavirus (COVID-19) ... Financial internships that really pay off. I started as a teller when I was 18 and gained a lot of cross-sell experience, I worked in a good branch that many different employees officed out of, wealth management, mortgage, lending, and some others, so I had a wide breadth of knowledge when it came to that. Always keep that in mind, “I had a bad experience at _____, so you will too,” isn’t always the best argument when it comes to searching for a job experience. If so, do not do it. Trust me, companies like Northwestern Mutual are 100% real, but they honestly set you up to 100% fail! Had the same experience and rejected it. I applied online. 10/10 would reject again. Nowhere in it does is really describe what you're doing, who you're calling, or what the benefit of this is to you but some very generic "build your own *success*" jargon. Turned that down real quick! Some pros of working at Northwestern Mutual include their top training program, amazing mentors, and the way the managing partners of each firm allow you to make your own schedule. This link below will completely back up … For the 2nd interview, the had me fill out a form of 200 people I knew that could benefit from their products. Why I rejected the Northwestern Mutual "Internship" I recently posted here asking about the NM internship that so many of us have been offered over the years and was advised not to take it, this is the short story of how I came to the conclusion that this isn't a … However, they are more concerned with how well you can build and leverage your new network. Essentially this comes down to knowing one thing to find out if this is a good opportunity for you: are you willing to make a list of all the people you know who might be willing to buy life/disability insurance from you, and are you willing to call them over and over again until they say they wish they had never met you? Learn about Northwestern Mutual culture, salaries, benefits, work-life balance, management, job security, and more. Insurance Northwestern Mutual Internship (self.personalfinance) submitted 2 years ago by Rustypancake54 I have no idea if this is a good spot to post this or not but....I have been considering an internship opportunity with Northwestern Mutual. Northwestern mutual has a position called "Financial Representative or intern" or something along those lines. There is a three step interview process. Sounds pretty accurate to me, they told me they had 16 kids earlier this year, none of them are there anymore, I wonder what kind of sign that could be... As a current finance major, I’m interested in how you’re a personal banker as a college student. I had the same experience with Prudential. It is basically a pyramid scheme like Vector marketing (selling knifes door to door). Time and time again, reps would bombard student org meetings and college classes to talk about finance careers (re: Northwestern Mutual internship program and recruitment). Make your own schedule and you get to be out interacting with clients. School: non-target in the upper midwest. Had the same experience when I interviewed with them for a full-time position. I told them that it has to be strong FA experience or I'm not interested as I already am gaining some experience in that field. 426 reviews from Northwestern Mutual employees about working as a Financial Representative Intern at Northwestern Mutual. even though I never dealt with them, this was 100% what I expected of this internship a decade ago. The rep reassured me that this would be worth my time to meet with the actual recruiter, so I figured "why not", and I met with the next person the following Monday. Get real-world experience in finance internships at your Irvine, CA Northwestern Mutual office. All these FAs selling products they don't even understand to people who understand it even less. 1. It's a sham of an "internship" and it should not even be considered. I try to talk anyone out of it who is being recruited. Fortune 500 company that brings a lot of experience to the table. I heard from acquaintances that it was a pyramid-scheme and all they did was cold call. Doesn't Recommend. Northwestern Mutual. We sit down in his window office (because he must be successful) and talk about the actual job. This is a new “scam” that plagues college grads and desperate job seekers. Press J to jump to the feed. The firm's summer advisory internship program received the highest score among the 10 best investment bank internships. 3: You will be selling Insurance to your friends and family, and you will be required to have those same people give you more referrals for you to call. Episode 16 - With #1 Intern in the Nation for Northwestern Mutual - Duration: 26:32. Although I didn’t end up liking what I did, that role put me in a better spot overall. I have been working at Northwestern Mutual for less than a year. Literally had the same experience! Wow, I literally posted about interviewing with Northwestern Mutual yesterday, that's interesting. Learn about Northwestern Mutual culture, salaries, benefits, … my friend told me he got an internship at northwestern mutual as a financial advisor and i was happy for him until i looked it up and realized it's a sales position and more importantly, a disguised mlm scheme. Theres still a lot of selling, but that's just the norm in FA until you build a big enough book where you can just service your existing clients needs. I thought the same thing about New York Life too. What do you think? This sounds like a rehab center at this point and I'm not saying much because I'm wondering why this person is showing off this empty room to me. Overall Northwestern Mutual is a great place to work. We are pleased to present the 2016 Top College Intern Achievement Award to Alex Meduna of the Tews Network Office. Northwestern Mutual as a company is great -- strong financial stability, security, etc, but the culture within their system for women and POC is horrible. As a financial representative intern, you’ll have meaningful mentorships, access to strong professional networks, and immediate career opportunities with virtually unlimited earning potential. Pros. If this doesn't bother you that's fine, but this seem scummy to me. Northwestern Mutual is an American financial services mutual organization based in Milwaukee.The financial security company provides consultation on wealth and asset income protection, education planning, retirement planning, investment advisory services, financial planning trust and private client services, estate planning and business planning. Francisco, CA out interacting with clients job that anyone can do, go northwestern mutual internship reddit college selling Life insurance and. Did in the program always saw me and seemed like they were very easy and offered... 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