How much do northwestern mutual interns make

How much do northwestern mutual interns make

Author: LEXA2103 Date of post: 04.06.2017

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Starting an internship at Northwestern Mutual Financial Network I'm a first time poster but longtime reader. This forum has been awesome, so I figured this would be a good place to ask my question.

I'm starting an internship with Northwestern Mutual soon and would like to know if anyone has had any experiences with them good and bad. I'm only going to be allowed to sell insurance products which include: I've found a couple bad things that date back to when the company was run by the old CEO and have stumbled upon some excerpts of NMLcomplaints.

That website was ordered to be shut down by a judge who decided that it was slander against Northwestern Mutual. I'm hoping they've changed since some of the stuff I've read that dates back 5 years ago. Can anyone tell me anything about them? I'm going to be selling to my friends and family to start with, so I don't want to sell them crap.

Northwestern Mutual Internship — College Confidential

I also interviewed with Northwestern Mutual. Part of our interview was saying hi to the pink power ranger who is workin I worked there for a very short stretch long ago. Northwestern actually has good products - albeit expensive. FYI, 6 and 63 are crap licenses in the scheme of things very restrictive on what you can sell and offer.

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Selling insurance to your friends and family is a sure way to cool off those relationships. Better you should find some more honorable job, like Congressional page. I'm a senior in university and its only an internship so I'm not too worried about "washing out". I went for the internship because it was voted as being one of the top 5 internships for "real work experience". Has anyone worked for them or bought from them on here? I've already done the "project " for full time employees and I don't feel easy about it.

The last thing I want to do is sell a poor product to my friends and family. However, I believe some of them will need certain insurances that I can sell and I just want to be sure that Northwestern Mutual's products are better than most of the others out there, otherwise I don't think I could bring myself to sell them an inferior product. I have interviewed for this internship, rejected it after finding out what it is I had a close friend do this internship as well.

All i can say is if you have another option, take it. Basically all the company is doing is using you close family connections to sell their insurance. Granted you will learn a lot. You will learn their product line like the back of your hand and get a couple licenses too.

You will also learn how to be a good salesman. And if you do well and have a lot of connections you can make alot of money Neg: He sucked up and spend a lot of money doing so. All in all if this line of work is what you are looking for then this is a good place to learn, but if you are looking for a real finance job or banking job, this is a step in the wrong direction Good luck. Also, those rating for top 10 internships are total total bull I have intervied for about 3 of the 'top 10 internships.

Think about it, they actively recruit people and from my experience wwith them, they are not to selective in their students.

For northwestern mutual, they offered the internship to me before i actually interviewed with them. They just saw my resume I also interviewed for a paint company internship, which also used people to get free money.

IMHO a top ten internship is from a company that will pay for your housing and transportation to their company and pay you a hefty sum to work for them. Go sell cars or something, if you just want to learn sales. Although I feel uneasy about coming up with names of people to sell to, I'm still going to go through with it to at least obtain my licenses to sell insurance and investments. I looked into the painting internship too but didn't want to spend my summer trying to motivate highschool kids to do a good job at painting a house.

I agree that there are other companies that should make the top 10 internships instead of Northwestern, however, Forbes states that they're part of the "Top ten internships for real world experience". I'm honestly doing this as more of a resume booster than anything.

I don't care if I make no money and don't sell anything as I will be applying for jobs next month when I get back to school so I can have something lined up for when I graduate. I was just wondering that if I were to sell something, are their products better than most.

BTW, I do sell cars on the side, however I've hit the state limit as to how many cars I can sell a year. It should be good "real world experience" to watch Jimmy the sleazeball grill your grandmother into buying an expensive annuity product. Northwestern has a pretty decent reputation among insurers. The problem with them is that they relentlessly push their own products Northwestern insurance and annuities and Russell mutual funds--neither of which is spectacular by any means.

You will likely learn alot about the industry, but won't make crap for income from a short internship. It takes a minimum of 1 year before you make decent STEADY income from selling insurance. A friend of mine did an internship with them a while back. He is still selling insurance for them throughout the school year as well He is one of the top interns in the US as far as sales go. He sounds just like a commercial now and is not fun to be around anymore.

I dont know what type of degree you are going to school for and I'm not sure what your goals are for what type of job you want after graduating, but I can tell you that this is not a finance job What kind of job are you looking to get after you graduate? I heard Vector marketing has amazing internships. All you have to do is sell overpriced knives to everyone you know.

I don't mind if I don't make money doing the internship as I'm primarily doing it for experience not for money.

how much do northwestern mutual interns make

I'm a finance major and economics minor and sales is NOT what I want to do even though I have a knack for it. I'm more interested in building spreadsheet models for financial analysis. I took a class in it last semester and I found it to be one of my best classes I've ever taken.

It was interesting and I felt that I wanted to be there to learn, not just get an easy 'A'. Well I start training on Monday, so I'll update the thread with how things go. I have to learn a couple paragraphs of text to recite to friends and family on the phone when I call them for a sale.

I guess I'm going to get tested on it on Monday NO employer is going to care about this. In fact, most will laugh if you include this on a resume. The internship gives you "real world experience" because you are expected to employ the same sleazy sales tactics as an intern that you would be required to do as an insurance agent. You will hardly learn anything about finance, all you will learn is high pressure sales tactics. Which IS good if you want to be a salesmanm, broker, etc. But if things like this make you uneasy, trade future options nse isnt the career path you want to take, you will learn pretty quickly sales isnt for you.

The only problem is that you are going to piss off all your friends and family during this internship, and not even get paid for it! Its a SALES JOB. I would never put "top ten internship" on my resume. Nonetheless, my resume is extremely bare at the moment and has useless jobs on it like lifeguard.

I didn't realize how many companies that recruit college students want to see an internship on your resume. It's the first question I was asked at an interview.

how much do northwestern mutual interns make

Even if unrelated to the job for which you're applying, it can set you apart from the crowd. I tried to find an internship to do during winter break but they envelope stuffing jobs from home birmingham few and far between since winter break is only a month long.

This was an internship that just kind of fell into my lap and will not take up too much time during school. I completely agree that this is a sales job and not a finance internship, however its better than nothing at all. I screwed myself by waiting so long to get an internship, however my grades have been under a 3.

I'll be applying for jobs when I get back to school next month, are their any companies you recommend my looking into? Were you involved on campus at all? Sports where you work as a team? These were all very important for me when I was interviewing for an internship this past fall. In fact, when I went to interview they mostly just asked questions about my campus involvement or why I chose the city that I did for the internship.

However, with your sub A friend of mine was interviewing for the same position as I was and he was asked why his GPA was so low He has a 3. An internship is VERY important. I wouldn't expect to get a job straight out of college at a respectable firm without an internship in a related field. If you are graduating this spring you can still do an internship this coming summer.

I would get everything ready in a hurry though, since after this month a lot of the recruiting will already be done for the summer. I was interviewing for an internship for summer at a very large financial firm last September. Even if you do this insurance 'internship' I would still do another internship to show employers what you really want. As far as what companies you should look into You should know what YOU want and be prepared to answer questions in an interview about why you made such a choice.

Hiring managers do not look kindly upon people who fall for MLM type positions that will accept ANYONE If you get a kid coming in whose resume lists Vector, Quixtar, and WFG, do you think thats an intelligent candidate?? NML is one step up from MLM scam jobs, but most people in finance know that insurance sales will accept ANYONE.

Not too impressive, and actually tends to show applicant is not well qualified.

Here's some background to my situation I currently have a cumulative 3. I began school as an engineer and did that for 2 yrs until I realized that it wasn't the major for me. By that time my gpa had reached an all time low of 2. I took a semester off to figure out what I wanted to do and decided to get into the business school on campus.

I have yet to get a GPA lower than a 3.

Starting an internship at Northwestern Mutual Financial Networkany experiences with them?

I've been taking 18 credit semesters since engineering and I've obtained 3. I've made deans list every semester since I switched majors also. As indicators of binary options with martingale as sports and clubs go I'm planning to join the finance society on campus next semester.

I haven't put the time into joining clubs and organizations because I've desperately been trying to bring my GPA up from my engineering days.

Also, I've been dating my girlfriend for over 2 yrs now and up until this semester she's gone to school about 3 hours away, so I had to make time for her too. She's now transferred to my college because its a a lot cheaper than her old school so I won't have to dedicate full weekends to her at a time. If I had to go back through college, I would have never worked during school work during summer is fineit was the worst decision I made.

I KNOW I would have done a lot better in my classes just by looking at my performance in the past 2 years. The only upside to my situation is that I have no credit card debt and I have a head start on my savings.

I've been so busy focusing on increasing my gpa and getting good grades that I lost sight of the whole reason I went to college I didn't start looking for an internship until it was too late, so now I'm in a "take what I can get" situation.

SIS, I understand what you're telling me and I do agree with it to an extent.

A recruiter may be turned off by the fact that I "fell for" an insurance sales position, but if I can put a positive spin on economic forces stock market chen I learned from the experience, I will be in a far better position than the student who only has StaplesWalMart and bestbuy on his resume. This reminds me of when I interviewed at American Express Financial Advisors a few years ago.

Im trying to look out for you and the poor friends and family how much do northwestern mutual interns make be hustling. Im trying to look out for you and the poor friends and family youll be hustling Thanks for the headsup You're not the only one who's been telling me this information about them just using me.

I don't believe any of the hype or income promises and I don't look forward to having to recite my "lines" tomorrow in training. My friends and family would laugh at the dry language I'm supposed to use when I call them since they know I have more personality than that. What use is that information to me?

Its a useless statistic they used to make it look like I could pay my entire semesters tuition by partaking in this internship. I held my tongue in asking what the overall average was because I was told not to discuss income during interviews by my father. Being a Home Office Sales guy I would say that if you wanted to do this at least NMFN has a great reputation amongst peers. The ones that stick how much do northwestern mutual interns make the program really do come out of it with the tools to succeed.

The other company mentioned is a totally different story and usually ends like a Greek tragedy from people I have met. Another way would be to look to work for a group benefits carrier position where you get great training but do not work on commission. Companies like Guardian, Unum, Assurant all have college entry sales positions with good training for the future.

I've read time and time again that NMFN is the best in its industry so at least that's comforting. I finished the training program and I've been studying for my state life insurance licensing exam It seems like this company has a good retention ratio, some interns from the summer had returned to do the internship during the semester and some of the full timers were once interns themselves. They all seem to be doing pretty well for themselves. I'm going to still apply for other jobs while in school but after seeing how well some of these guys do, its good to know that I have something to fall back on.

BTW, I wouldn't compare this internship to AMEX financial advisors. Some of the people I met at NMFN told us their horror stories of working there and it sounds like NMFN is a much better company to work for.

I interned with NMFN and loved it! I decided that sales was not in my immediate future and declined to stay on board when it ended. I met some great people while there though and learned a great deal. Here is what I took away from it: Good luck reaching that 10!!!!!!! I interviewed with them back when I was a junior and politely declined their offer.

Financial Representative Internship | Northwestern Mutual Internship

As everyone described, it was all sales, commission only and they expected you to sell to your friends and family to build your 'network'. Don't believe everything you hear at work. Corporate propaganda is everywhere, and remember that you are not hearing the other side of the coin You are gonna half to make the numbers sometime to progress or to be on the positive side of your supervisors for professional references very important if you don't have significant work experience.

I'm going to take a guess that while things are peachy now, the pressure will come when sales begins. Be well aware of the other players in the industry and their products. In sales, if you honestly want to do the best for your friends and family, you need to be aware of what their other options are. Since you are doing direct sales, you don't have the option to sell diff products that may suit your clients better. A lot of it is far from a reflection of what it's really like.

I remember one of those listed 'top places to work outta college', and Enterprise was up there like In fact, it will more direct you away from it because you will have more opportunities open up in sales if you are licensed.

You don't have to be licensed to do financial analysis, and you will lose your license if you stop selling products after a period of time. So it only is good for getting your foot in the door for your first job if you want to veer away from sales Your best bet is to really find advice from people in the positions you want on how to get started entry-level, even if that means grunt work, rather than take whatever you can get sales.

Those are few and hard to get but probably better fitted for a finance wiz. I noticed this was brought back from the dead two months ago, so I figured I would give you guys an update. I decided to not go on full time, it really wasn't for me at all. Being successful was based around getting alot of referrals from the people you help out.

However, I hated pressuring people into giving me names of their close contacts when all I had done is gather information about them. Its like recommending a restaurant to friends and family when you haven't even eaten there. I got a job offer VERY quickly after interviewing with a fairly major insurance company in central MA. I'm much more excited about working here and NFMN REALLY helped me get in the door there.

This insurance company was very impressed with my resume and liked the fact that I was able to obtain licenses on top of taking 18 credits at school. I got exactly what I wanted out of NMFN and would do it again. Glad to see you got something positive out of the internship. Sales especially insurance sales can be a very slimy business, especially for new recruits. Part of our interview was saying hi to the pink power ranger who is working in the office in Woodland Hills.

Anyway, it definitely is a MLM type company, but I would say go for it. They will get you an insurance license, sure it is not particularly hard, but you will be reimbursed for the expenses and that says something.

At least when I was interviewing they were offering series 6 and Unlike the insurance licenses there is a catch 22 with the NASD licenses. You can't get one unless you are sponsored, and it is hard to find a sponsor except in something like this since you have no licenses.

Getting these, while not as valuable as the 7, certainly won't hurt in the job search. These guys are being hard or sales experience. Good salesman can make a lot of money. I decided not to do it after the 2nd interview before I learned about any list of people. That is something that may definitely weight against them. Just consider the value of getting those licenses if they will open doors.

Avis de Intern chez Northwestern Mutual | etygivusyx.web.fc2.com

The amount you can make for sales and residuals tells just how expensive their products are. Northwestern Mutual has the system down well. Bring you in, push you to sell all the friends and relatives you can until you wash out. The nature of the products are that the main expense is upfront, so your friends and relatives with any business sense are stuck with the products forever, and all the residuals are going to somebody else. They are paying for your hard sale ten years later when you only have occational bad dreams about the Northwestern Mutual cold calls.

The endless cold calls they send out postcards and other things to try and turn them to "warm calls" -- but that's a joke and then time spent going to meet people who don't show or buy another inferior products because it "illustrates better" If you want the better licenses 7 and 66, apply to Ameriprise to get sponsored, pass your tests, then do not sign up with them.

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