The process took 4 weeks. Disapproves of CEO. Trust me, I was there and It was disgusting to see. The management in my particular location/agency was absolutely heinous. 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. I don’t recommend it. It's like 98% of firms. The MLM language really bothered me and that's one of the largest reasons why I feel how i do towards them, it comes off as very non-genuine. Press J to jump to the feed. That was sketchy. "Northwestern Mutual is the only company to be recognized as a top 100 internship program1 for 24 straight years. Day In The Life – Intern - Duration: 5:27. The firm's summer advisory internship program received the highest score among the 10 best investment bank internships. 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. However, they are more concerned with how well you can build and leverage your new network. Sounds like deception is a common tactic in a lot of these recruiting scenarios. I thought the same thing about New York Life too. 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 … $0/mo. Northwestern Mutual. Tons of great salary information on Indeed.com 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. ... Northwestern Mutual is a big recognizable name and therefore most people trust them implicitly, but it's a shit company. I have a low GPA and no previous internship experience so I ate all that up at first. 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. He quit the first day when they asked him to call someone on his contacts list and sell them insurance they dont need. Former Intern - College Financial Representative ... And although I got some good advice from people outside of the Northwestern Mutual bubble, nothing they told me really prepared me in the way that I wish I had been prepared. A typical day at work for me included a meeting to layout the work day/week, working with Northwestern Mutual programs to manage customer accounts and applications, communicating with clients. Same experience with NWM here in my town, got in touch through the career fair and progressed through the interviews. We sit down in his window office (because he must be successful) and talk about the actual job. Press question mark to learn the rest of the keyboard shortcuts. If you are still looking for a way to break into the space look for RIAs in your area that are more "boutique" they aren't interested in your friends and family. 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). Since its inception, more than 50,000 students nationwide have participated, and Northwestern Mutual is the only company recognized by Vault as a Top 10 internship for 22 consecutive years. My recruiter wanted a similar task completed, and said that Thanksgiving would be an especially great time to prospect clients, that's just gross. What drew me away was the same concept of trying to sell to my friends and family. They were very easy and the offered important information on the internship. WM at the big 4 is very similar. It really is the worst. Current Intern - Sales Representative in San Francisco, CA. 26:32. The people there are very friendly, helpful and motivated individuals. It didn't seem right to me and the way it was presented to me was that I was simply seeing if I could do this job, the resume that I handed them already told them that am more than capable of doing so but who knows if this guy even read it, it seemed like he didn't after having to "refresh himself" on it. 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. GPA: 3.71. Are you looking for work similar to this? During COVID-19 they were all on the phone. Had the same experience and rejected it. Get real-world experience in finance internships at your Irvine, CA Northwestern Mutual office. The woman who interviewed me even asked how much money I had in my savings account because I “probably wouldn’t be making very much money for the first half-year.” Never responded to any inquiry again after that. This link below will completely back up … More posts from the internships community. Learn about Northwestern Mutual culture, salaries, benefits, work-life balance, management, job security, and more. This is where it gets really pyramid scheme-like and MLMish. Glad you passed on it! I heard from acquaintances that it was a pyramid-scheme and all they did was cold call. That is true, but when the majority of people tell me that I will be told to sell to friends and family for a finance position I probably will need to believe them, I have read dozens of people saying the same things on other posts for this company. Learn about Northwestern Mutual culture, salaries, benefits, … Also feel free to PM me with any questions you have, I'm an open book. Pros. That's some crap you never want to do, go around college selling life insurance to kids who can't afford it. Plus, in 2020 Vault ranked us #5 within the financial services industry and also ranked us in the top 10 for overall career development.". Plus, in 2020 Vault ranked us #5 within the financial services industry and also ranked us in the top 10 for overall career development." I didn’t even accept an interview with them. I initially interviewed there for the program and on my way out, I started talking to one of the FAs there that happened to go to my school (I was an incoming senior at the time) . All these FAs selling products they don't even understand to people who understand it even less. I interviewed at Northwestern Mutual in September 2020. 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 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. Turned that down real quick! I have applied to other internships, this one just messaged me randomly and I never applied. Financial Representative - Monthly Intern. Is the summer internship with Northwestern Mutual Financial Network a scam? I get to the interview, the interviewer is 12 minutes late, and I'm the one who was on time, what a good first impression. Responsibilities: Performed rudimentary investment research on mutual funds, bond funds, and ETFs based on risk-risk measures. My brother took an "internship" this summer with Northwestern Mutual. As a financial representative intern, you’ll have meaningful mentorships, access to strong professional networks, and immediate career opportunities with virtually unlimited earning potential. Thing about new York Life too would be interested in the United States about... 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