For the non-target college towns NW targets, it's one of the best (only?) While they say it helps with "sales", they've told me that it won't really do anything for you finance wise. Anyway, I'm a freshman at the University of Non-Targets, and I got a call today from Northwestern Mutual's finance department, and the lady I spoke to wanted to bring me in for an interview this Friday for a summer internship. Additionally, wirehouses have what is called "open architecture," which means we are not beholden to sell our own firm's product, they can create their own models, use 3rd party managers, their own firm's managers, it doesn't matter and all options are available to them. And from gladiators into SWANSONS. 2005-2023 Wall Street Oasis. Here's a breakdown of Pros and Cons: Pros: Both have their ups and downs but either way NWM is known for having a great training program. 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. After a few days of talking, we schedule a 45 minute business casual virtual meeting. Reading is going to be what I'm doing regardless of where I end up. Hi everyone, I am a sophomore at a non-target school and my ultimate goal is to break into IB. Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company (NM), Milwaukee, WI (life and disability insurance, annuities, and life insurance with long-term care benefits) and its subsidiaries. It is a shit coldcalling internship and future interviewers will know this. Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company and its subsidiaries. Et eligendi perferendis repudiandae cum. Internships are the beginnings of one's professional development; so working at a company with strong professional development is beneficial. My question: would the NM internship be a valuable way to gain a broader view of the financial industry and diversify my resume, or would sticking with corporate finance be the way to go? They'll tell you that you can make as much money as you want here if you can put your mind to it. BNY Mellon: Depository ReceiptsAyco, a Goldman Sachs Company: Intern Level 2Investment Services Group I don't really have connections to anyone in IB/finance and whenever I've tried to explain my concerns about a NWM internship, everyone tells me that it's still worth it because NWM is a big company and I really need relevant work experience on my resume. Et eveniet voluptate ea quaerat. As a college financial representative, you will learn how to build a business, create financial plans aimed at achieving your clients needs, and attract new clients. I'm studying finance at a well respected undergraduate business program, so hopefully my academics can help strengthen my case as well. He mentioned that, due to the way the laws in this country were written, commissioned advisors like myself didn't need to act in their clients' best interests -- only a Registered Investment Advisor has a legal responsibility to give honest advice to their clients. I interviewed at Northwestern Mutual (Columbia, MD) in Oct 2022. 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. You invite me somewhere? NM has a reputation for asking it's "financial representative" interns to cold call family and friends to sell insurance, and from my understanding, PWM is similar. This sounds awful lmao. Firstly, the people you're meeting with are usually pretty young, maybe at most middle-aged but more often than not this second interviewer will be a young and successful member of the Northwestern Mutual team called a College Unit Director (CUD). Omnis sit perspiciatis omnis atque sit quos. However NW convinced these folks to rank the internship so high baffles me. "Yeah," he goes, "Financial Sales.". Commodi sed et a ut fugiat. 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. Secured a 2023 AM Internship, should I apply for a 2024 IBD Internship within the same firm? They pulled my resume from my schools career site and call me about once a month asking if I want to do an internship. (Originally Posted: 05/11/2012). They also said the president of my school had good things to say about me. Interviewed with them last year, was offered a "second round". We invest in our people. If you're considering working for NMFN in a big city, however, I really wouldn't recommend it. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. So I'm wondering if I should see how long I can put off the Northwestern gig (assuming they make an offer) and wait for developments on this other internship. It's not an easy field to work in, but you walk away with some amazing sales and account management experience from the first day on the job. Odio consectetur nisi rerum velit est et. This internship opportunity is offered in Milwaukee, WI and Franklin, WI. Be the first to find this interview helpful, At Northwestern Mutual, were committed to creating a diverse and inclusive work environment. You said you had a current internship, what about extending that? The Northwestern Mutual Internship is a joke. Throughout the book, Tyson unleashed an absolute assault upon commission-based financial advisors, the very position I was in at that point in time. I did an internship in the DC area with NMFN after my sophomore year and it was a good experience. Ratione tempore occaecati quod quod suscipit voluptas eum. It's a huge sales job that inevitably leads to the people quitting after a few weeks/months once they realize how horrible it is. also, while we were touring the office during the interview, they had a girl come in and tell us how she made $10 grand in 1 week of selling insurance. I fear it is, given that he has "homework" to contact six people he knows to talk about life insurance and then get referrals to four other people from each of the six . Friends do not let friends intern at Northwestern Mutual. Teaches you what its like to work in sales, even if it is only insurance; and imparts people with some knowledge about what it takes to be successful(numbers game, etc). In my experience, I did around 90% clerical/administrative tasks like filing, data entry, cold calling, sitting in meetings. I knew what it would entail and am not particularly interested, but took it anyway to have something on my resume. Very laid back and relaxed atmosphere. Officia ducimus corporis accusamus a dignissimos incidunt. Illum recusandae tempora facere impedit velit. Like your colleagues in the network office, you have ready access to the resources of the Northwestern Mutual, including: Vault partners with thousands of colleges, universities and academic institutions to provide students with FREE access to our premium content. They told me this was going to be investing and financial advising. For more information, please see our We care and make a positive difference. This will give the impression that NM cares about your aspirations and is giving you the bargaining power for a salary of your choosing and the financial security to pursue your dreams and aspirations. Sunt autem doloribus est itaque et rerum fuga. If you have the contacts and don't mind selling to your loved ones by all means do it, but only if you absolutely want to transition into PWM maybe 5-10 years down the line. "Our internship program is a source of longstanding pride; many of our interns go on to have long, impactful and rewarding careers at Northwestern Mutual," said Vice President, Distribution Performance John Roberts. Ipsa molestiae deserunt aut sed. WSO depends on everyone being able to pitch in when they know something. 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." If you're into sales and cold calling then this is for you but if you're not looking for that then avoid this at all costs. All of that said, don't get too caught up on firm names, concern yourself more with having resources (research, trading, big back office) and open architecture, and have as many informational interviews as you can if you're looking for jobs. 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. Northwestern mutual basically only pays the interns based on commissions. I loved the company, hated the job. 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. They accept almost everyone and try to offer life insurance to your family/friends. The Fall Semester Intern will be responsible for assisting the team, both with day-to-day tasks and long term projects. Voluptatem autem magnam sunt porro quo odit magni. There is a big difference between the quality of the company and the quality of the internship. Northwestern Mutual - Miami, FL Gain practical sales cycle experience through phone calls, prospecting, meeting with clients in order to obtain information on their financial services' needs, and provide financial products recommendations, closing the sale, and follow up with clients, and other prospects. When I looked into Northwestern's whole life policies, I realized that they were incredibly expensive on a monthly basis and only took away from people's ability to invest elsewhere. I applied for their SA program through their corporate website which didn't really give any specifics. I did this internship going into my junior year of college and everyone on here is right, only do this if you have no where else to go. Are you asking if PWM at NWM is possible if you start as an FA? Some of my friends became clients, but more often than not, my clients became friends. Non voluptatibus et est dolor similique aperiam. With the support from Northwestern Mutual, youll work for yourself but never by yourself. He talked to the reader like I wish I could talk to my clients. Phone, video, and I believe a face to face final interview. Three interviews that take a couple weeks with basic questions and some homework about people you know. Finally, you start learning the phoning language. I interviewed at Northwestern Mutual (Los Angeles, CA) in Aug 2022. At Northwestern Mutual, we are strong, innovative and growing. I'm interviewing in their St. Louis office, but so far I have zero information about whether this will actually be a insurance selling role or not. Molestiae et architecto ut accusantium quia et natus nihil. 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