As college students and recent graduates navigate a competitive job market, internships have become a valuable tool for building up career-related skills and experience. Northwestern Mutual, a financial services company based in Milwaukee, Wisconsin, offers an internship program that aims to provide students with practical learning opportunities in a real-world professional environment. But does completing a Northwestern Mutual internship actually enhance your resume?
Background on Northwestern Mutual and the Importance of Internships
Founded in 1857, Northwestern Mutual is one of the largest providers of life insurance in the United States, with additional services including financial planning, wealth management, and retirement planning. The company has been recognized for its workplace culture and has consistently placed well on Fortune 500’s “World’s Most Admired Companies” list.
Internships have become increasingly important for college students and recent graduates. In many cases, employers seek out candidates who have already gained some form of work experience, whether through internships, co-op programs or other work-study opportunities. For many students, an internship represents their first chance to work in a professional environment and apply what they have learned in real-world scenarios.
The Northwestern Mutual Internship Program
The Northwestern Mutual internship program is an opportunity for students and recent graduates to gain experience in the finance and insurance industries. The program is structured with flexible start and end dates, depending on the intern’s availability. In addition, interns have the option to work full-time or part-time hours.
During the internship, students work alongside financial advisors and representatives to learn about the client relationship process. This includes prospecting for clients, conducting interviews, analyzing client needs and objectives, presenting financial solutions, and ultimately building client relationships. Interns also gain valuable experience in networking, professional communication, and time management. They receive training and guidance from experienced professionals who help them achieve their goals.
The program requires a minimum of 10 hours per week, with a maximum of 40 hours per week. Interns receive a stipend and benefits, including the opportunity to earn licensing credits for the Financial Industry Regulatory Authority (FINRA) licensing exams.
The Impact of Completing a Northwestern Mutual Internship on Your Resume
Completing a Northwestern Mutual internship can certainly enhance your resume. As a financial services company with a strong reputation, Northwestern Mutual can provide an impressive credential that will catch the attention of hiring managers. The internship program is challenging and requires significant dedication, so it can demonstrate to employers that you have the skills and abilities necessary to succeed in a professional setting.
One key transferable skill that Northwestern Mutual interns can develop is networking. Interns have the opportunity to network with experienced professionals in the field, connect with clients, and also build relationships with their fellow interns. These connections can be valuable when searching for future job opportunities, and the ability to network effectively is a desirable trait in many industries, not just finance.
By completing a Northwestern Mutual internship, interns will also gain experience in sales, a valuable skill across many career fields. Sales require effective communication, including the ability to listen actively, ask questions, and offer solutions tailored to the needs of the client. Interns will also develop an understanding of financial products and services and how to assess client needs and objectives to provide effective solutions.
Potential Drawbacks of Completing a Northwestern Mutual Internship
It’s important to note that completing a Northwestern Mutual internship is not for everyone, and there are potential drawbacks to consider. The program is structured around sales and business development, so those who are not interested in those fields may not find the experience as valuable. In addition, the internship program’s training and development focus may be geared towards individuals who are considering a career as a financial advisor or planner rather than those looking for more general business skills.
Key Takeaways
- Northwestern Mutual is a financial services company that offers an internship program.
- The program provides students with real-world experience in the finance and insurance industries, including networking and sales skills.
- Completing a Northwestern Mutual internship can enhance your resume and provide valuable connections and skills for future employment opportunities.
- However, the program may not be for everyone and individuals who are not interested in sales or finance may not find the experience as valuable.
FAQ
Are Northwestern Mutual internships paid?
Yes, interns receive a stipend and benefits, including the opportunity to earn licensing credits for the Financial Industry Regulatory Authority (FINRA) licensing exams.
How long does a Northwestern Mutual internship last?
The program is structured with flexible start and end dates, depending on the intern’s availability. Interns have the option to work full-time or part-time hours.
Are Northwestern Mutual internships only for finance majors?
Not necessarily. While the program is focused on the finance and insurance industries, it can be valuable for students from many different majors, especially those interested in developing skills in sales, networking, and client relationship management.