Northwestern Mutual. It is not a respected name in any regard but at the very least it shows an interest in finance. I loved the company, hated the job. I cannot understand why they are still ranked so highly for internships. Any thoughts? Small PWM job is probably about equal. My boss would be a WM advisor for Northwestern, according to the website. Once again Northwestern Mutual's internship was ranked as an elite finance/banking internship (#2 overall) .I have only heard bad things about this internship and it really bothers me that they always get noted for having an illustrious internship program. It can't be that hard to do it, right? They wanted me to basically give them my Rolodex before they even officially hired me. I also hate how NWM keeps referring to everything as "building your business" and the other euphemisms they use. Just got back from my interview, I pretty much knew what to expect, thanks to you guys. Same as MetLife. I wish I could tell you people were agnostic when it came to firm reputation in PWM, but NW Mutual is not considered PWM, they're an insurance company, similar to NY Life, Prudential, Nationwide, Metlife, etc. I'm still hoping to land a PWM internship or something with a boutique but I don't know what boutiques are in the area and all my internet searches have only turned up a few. They keep talking up the internship, yet they're reluctant to explain how exactly we're going to be paid. Seems like they hire anyone and just have you spam cold call anyone you know. Under my tutelage, you will grow from boys to men. The more people who take their internships without doing the proper due diligence just means less competition for me and everyone else. 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. An internship at Northwestern Mutual gives you valuable, real-world work experience to prepare you for a career at Northwestern Mutual or elsewhere, while building on your classroom learning. Three interviews that take a couple weeks with basic questions and some homework about people you know. Hey, does anyone have any info/experiences with this internship. Plus, from what I have heard, there really isn't anything to the internship BESIDES calling people so it's gotta be someone. We invest in our people. Sint quaerat eos eligendi ipsa odio. Interviewed with them last year, was offered a "second round". protective gear)0 % What advice do candidates give for interviewing at Northwestern Mutual Pros Est minus dolores vero quia. If you're me, you may even be told that you're such a special applicant they're going to give you a private 2nd interview, rather than the group interviews they usually perform at this point in the process (to this day, I'm aware of no other interns in my class who had to go through a group interview, so it's very possible the recruiter just flat out lied -- a concept you'll get used to as the internship progresses). For the non-target college towns NW targets, it's one of the best (only?) Also be wary of the title financial 'representative,' much different from analyst. You said you had a bunch of community service, what about taking a more active role in organizing some CS or recruiting people to do CS? Does anyone else agree?Why does forbes/ vault do this? 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. Hard to get much out of an internship with that format. But if that's what you want to do, it is a very reputable insurance company. I am currently a sophomore at a state school. The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee. They pulled my resume from my schools career site and call me about once a month asking if I want to do an internship. I'm using my commissions to buy a good IB training class so I can have something of value when I graduate next year. Nobis dignissimos consequatur libero ad natus aut dolor. 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. Northwestern Mutual ranks 90 on the 2021 FORTUNE 500 and is recognized by FORTUNE as one of the "World's Most Admired" life insurance companies in 2021. Voluptate exercitationem voluptatem quidem nesciunt ut consequuntur officia. Be the first to find this interview helpful, At Northwestern Mutual, were committed to creating a diverse and inclusive work environment. They'll tell you that "investments give you a salary, but insurance pays the bills.". The process took 2 weeks. 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. I'm going in for an interview next week. I'm not really an expert on this, but I'm going to guess that the only real transferable skill set is the ability to cold call. There is nothing entrepreneurial about it. Internship. Take some summer classes if you can / want to, too. Doesn't give you much experience, working environment shitty. wouldn't waste your time unless you have nothing better to do. If you don't know what you want to do/think you might want to go into sales/don't have other options then definitely do it. You work on commissions and your job is to cold call and set appointments for your boss. my little bro did the NWM internship during his sophomore summer and it was strictly cold-calling and sales, the next summer he locked down a gig with a top MM in IBD in NYC, all that said, he did play lacrosse at a lower-tier Ivy. You can read more about Northwest Mutual on the WSO Company Database. Both have their ups and downs but either way NWM is known for having a great training program. 1) Right now I'm currently waiting to hear on another internship at a boutique AM firm ($14B AUM) where I think I have a pretty good shot. PS - This is my problem with the Vault guides and rankings. If someone buys, you get a cut. Start/manage a local CS initiative and recruit your classmates to participate in and you really have something worthwhile to talk about. I love how they promote that on their postings. I knew what I was getting myself into, unlike all these business administration students from John Carroll (yes, that was a combined burn on John Carroll and business students). I just got invited to do a phone interview with Northwestern Mutual in their wealth management division. I applied for their SA program through their corporate website which didn't really give any specifics. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. During the interview, I was asked if I knew anyone else that would be interested in the internship or their products. I found the internship experience to be pretty great. I had just graduated summa cum laude from my honors college with my Bachelors in Economics, and I had graduate school to look forward to that upcoming fall semester. Firstly, they'll relate to you a lot, telling you they were just like you 5 years ago and look where they are now! Don't do it. It should put you in good position for analyst roles during OCR. Opens the Fishbowl by Glassdoor site in a new window. It's been my observation that insurance companies are especially bad with proprietary products (State Farm selling you State Farm mutual funds, and they can't offer anything else), so most wirehouses lump NW Mutual in with that stigma. I interviewed with them and walked out of interview because I am not willing to pitch insurance to my friends and family. Placeat qui culpa quisquam corporis exercitationem veniam. The way their HR reps hand recruiting is reflective of their business. Anonymous Interview Candidate in Spokane, WA, I applied online. But that's not how this internship works; it's an active brainwashing scheme. Stay home, take a long weekend, whatever. As bro said, this is not PWM. It was mostly behavioral for the most part. Cons: Tough industry, hard sell because people don't see life insurance as a need, only a few skills translate to IB/S&T. Illo non doloremque quia sapiente consequatur. 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. There is a very high fail rate. Contact Customer Service at customerservice@vault.com, In-depth industry and profession profiles. In virtually all the meetings, you just sit there with a shit-eating grin because you know that if you had to run any part of it, you'd reveal just how ignorant you are about the policies themselves. We didn't go to Harvard, we went to Wharton, and we saw you coming a mile away.". and our Some quick fact checking showed that was certainly not the case, and worst of all, you had to pay "rent" or some shit so you could actually wind up selling insurance to your friends and having to pay for the experience. How they do this is really a genius move, because they've disarmed any objections to their business model before you've ever had time to ask a question. Another is a personality worksheet where they test if you would be a fit for the company and where your personality lies within their tests, Anonymous Interview Candidate in Columbia, MD, I applied through a recruiter. Et impedit dolorem minus delectus sit. Northwestern Mutual Internships are a great way to learn about the financial services industry and get hands-on experience in the field. 2005-2023 Wall Street Oasis. I will probably go to the interview just to see if I can do that, but otherwise I don't plan on taking it. MILWAUKEE, Nov. 12, 2020 / PRNewswire / -- For the 25 th consecutive year, Northwestern Mutual's College Financial Representative internship program has been ranked by Vault as one of the 100 best in the country. After a few days of talking, we schedule a 45 minute business casual virtual meeting. Does anyone know about NM PWM? The staff seem nice and super helpful. Excepturi doloribus enim quas cumque. If you're considering working for NMFN in a big city, however, I really wouldn't recommend it. 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". Call and set appointments for your boss an interest in finance Service at customerservice @ vault.com, industry. Info/Experiences with this internship works ; it 's one of the best (?! 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