Northwestern mutual reddit internship

Guys, fuck the recording and fuck Northwestern Mutual. Internship. The internship is literally just non stop calling your friends and family to beg them to buy insurance from you. It's better than having nothing. Help people live their. Nice people though. essentially a pyramid scheme. •. They allow the option to switch teams and keep in contact even if you don't come back they help you obtain real life skills. I see post after post on Reddit about Northwestern Mutual horror stories—both from clients and former interns/employees. I’ve made my own schedule and worked 30-35 hours per week excluding reading which adds another 15-25 depending on the week. Recruiting: NWM recruiting process asks candidates to provide a list of 200 contacts. Posted by u/[Deleted Account] - 4 votes and 4 comments Posted by u/JournalistNo6324 - 1 vote and 9 comments Anything related to a Northwestern Mutual Internship is something I would stay far away from. That way you can do an internship (or two!) during the school year with a better company/position. (This depends on who is in charge of the internship program). The internship along with the financial rep role is basically a call center job. I did it and used it as a way to get my foot into the door into the broker dealer world then eventually the independent space. Throwaway account for obvious reasons. You will be tasked with selling life insurance to your friends and family, many of whom do not really need it. Do yourself a favor, don’t do the Northwestern Mutual “internship”. How would they fix it. The program is in the top five among financial services firms and is a top five internship for strategy and business development. This rating has decreased by 20% in the past 12 months. Type the name in the search bar. 00 . Plus, in 2020 Vault ranked us #5 within the financial services industry and also ranked us in the top 10 BossProcrastinator. Plus, in 2020 Vault ranked us #5 within the financial services industry and also ranked us in the top 10 for overall career development. Run far away. But know it’s a straight sales job that is in line with Primerica except without signing people Posted by u/icethepartyplanner - 3 votes and 5 comments I made switch to purely investment advisory in 2010 and make $600k +/- now. I applied for the NW internship through indeed and have gotten through two interviews, with the third one next week. Hey all, currently I am going through the interview process to become a financial rep intern at NW Mutual. Housing and travel support. 474 reviews from Northwestern Mutual employees about working as a Financial Representative Intern at Northwestern Mutual. Spicy new tweet material. Apply. 9% of the time that in order to get the position you need to fill out a list of all your family members that you can sell insurance products too. I have heard good things from some contacts who are interns there, however, I have seen numerous bad reviews about the company on Reddit. It’s not like we were anywhere near the level of some more tenured full time advisors who were professionally licensed in life insurance and investments, or especially ones with a CFP certification. I honestly feel like l'm taking advantage of people. However Northwestern Mutual sells Financial Services products that prey on the financially unsavvy. 5K subscribers in the GoodRisingTweets community. Log In / Sign Up I am currently in the final stages for an internship at NWM, where I would essentially be in insurance sales. 9 rating for culture and values and 3. . So i went to my college job fair and going to a school that’s known more for supply chain management is a tough place for a finance major. Northwestern Mutual has been one of the few companies that I have interviewed with so far. I am not posting to take away from anyone’s experiences Northwestern Mutual Internship. They only want you for your contacts. Once you have sold overpriced insurance to all your friends and family they will have no further need for you. I have been applying for internships for a few months. I am looking for anyone with firsthand experience with the internship that could show me if it is even a Northwestern Mutual internship. If so, do not do it. Northwestern mutual rep position is a pyramid scheme. Among mutual insurance companies, they have handled the change in the industry to holistic financial planning pretty well. He talked about learning how to work with financial products, developing sales and communication skills, being entrepreneurial, etc. And then there are good ones like within their private equity coinvest shop or venture capital arm, as an example. I was really excited about the position, the tasks and training that they showed off in the group I believe that internship would involve calling on your friends and family to move money into NWM products where you would then get a commission but put them in investment products with potentially high fees. Hello all! I'm current attending college to receive my BA in Business Administration, and have recently been going through interviews for a position as an intern at Northwestern Mutual. This is an algorithmic subreddit based on my own algorithm for… . Every office within Northwestern Mutual runs their internship program differently. Your internship should be an accessory to your education; delivering professional experience that can help build your understanding and facilitate conceptualization of the material you've been studying. Northwestern Mutual Internship interview process. Northwestern Mutual Reputation. Hello everyone, I'm currently in the position of possibly taking an internship at Northwestern Mutual but I just wanted to learn more about what their internship has to offer and how their training program is like. Northwestern Mutual pays on a geographic-specific salary structure and placement in the salary range for this position will be determined by a number of factors including the skills, education, training, credentials and experience of the candidate; the scope, complexity as well as the co Northwestern Mutual. Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company and its subsidiaries. It was a joke, lighten up. Long-term care insurance is issued by Northwestern Long Dec 6, 2014 · Glassdoor has millions of jobs plus salary information, company reviews, and interview questions from people on the inside making it easy to find a job that’s right for you. Northwestern Mutual internship. Interview questions [1] Question 1. May 20, 2024 · After passing this stage, I participated in several in-depth interviews with various representatives at Northwestern Mutual, including finance team members. Here's your chance to shine beyond the classroom. It doesn't help your resume, but it doesn't really hurt it either. They make you come up with a list of like a 100 people that you can calll. However, I also just received an offer at L3 Harris for the same position for $26/hr and 3k stipend. It’s a blessing you found this post, so now use this information to make your exit. r/jobs A chip A close button A chip A close button It’s different company to company, and I wouldn’t say NWM is a bad company it’s just MLMy to call every intern you hire a financial advisor. They allow you to become apart of the company and fully submerged into the work culture. Worst internship you could do. Candidates are expected to call 40 of their own contacts, and ask for 5 additional contacts each. Software Engineer Intern (Former Employee) - Milwaukee, WI - July 1, 2019. All they want is your contacts. Seems really dodgy for sales internships, saying it's a pyramid scheme - but very little information about the SWE intern. Why I rejected the Northwestern Mutual "Internship". That’s what’s available to the right people. King of Prussia, PA. fuck northwestern and their praying on college students. they will ask you to find about 300 prospects before you come in. Starting off and for a good while I’ll be selling insurance, something I have zero desire in doing. 10, 2021 / PRNewswire / -- For the 26 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. I asked one question and had acknowledged that the company had a questionable internship reputation. The stuff you are reading is their financial internship in which you have to sell life insurance to your own family (got that much from doing my own research). I got rejected at the phone screen stage because I suck at behavioral questions. This company is a scam for any undergraduates - Internship Northwestern Mutual Employee Review. GET OUT. Aug 10, 2022. As a intern you will be a salesmen. They will ask you to reach out to family and friends, which can be uncomfortable. however, I listened to the monotonous sales pitch spewing from the hiring managers mouth and realized how large of a raging pile of donkey shit this position was. Also, it’s very common for legitimate sales teams to get awarded through parties, awards, commission, bonuses, etc. They basically make you sell insurance to your fam/friends in the name of an "internship. Reply reply. They reached out very quickly and wanted to set up a time to talk over the phone. I applied for an Financial Representive internship on LinkedIn for NorthWestern Mutual and a lady who is in charge of campus recruiting for the same company made a connection request for me on LinkedIn. Does anyone have any experience Northwestern Mutual Internship - Pyramid Scheme? Internships. Their internships exist just so they can get you as a living book of business before letting you wash out and waste your summer. IMO, NWM is not a reputable company and I would stay away from them unless you had absolutely no other choice. They just want you for your network. These interviews evaluated my technical knowledge, problem-solving skills, and interpersonal abilities. There is more than enough information on this sub to dissuade anyone from working with Northwestern Mutual (NM). Then I looked up “northwestern mutual internship Reddit” which I typically do to get more information about potential internships. EDIT 4: Holy shit people are still messaging me about this. There are certainly offices that require you to cold call and find leads on life insurance policies. Posted by u/rachschond - 2 votes and 6 comments May 15, 2024 · $30. You'll learn all the ins and outs of financial planning from seasoned financial professionals. Need help deciding between 2 internship offers. The thing is though, nobody could tell me that, I had to learn it myself. 9 rating for work-life-balance, 3. Do not do it. Career Progression. I received and accepted an offer at Northwestern Mutual as a SWE intern in the winter. Posted by u/Adopted_Dog - 2 votes and 9 comments internship. what they fail to mention is that you’re essentially unpaid (believe the year they recruited my class is was a $1k or $2k summer stipend?) and that you have to harass Hi everyone, I am a Junior Finance major with a competitive GPA at a non-target school. I had asked if it was worth going for the experience since it's the only one that had reached out as of yet. First nobody in the internship will be calling any immediate family members or any of that, thats just ridiculous. I mean seriously. Posted by u/rolliepollie333 - 1 vote and 1 comment I saw mixed reviews about the NM internship online and thought that maybe it would be different for me. I’ve looked online and can’t really find any info about their internship programs other than their financial analyst program, which seems to be a scam/pyramid scheme. lives to the fullest. I love the stock market and movies like Wolf of Wall Street and want to be and investment banker as my future. Their ‘financial advisor’ role promises unlimited salary, but in reality is just another scam…. May 31, 2024 · 49% of Intern employees at Northwestern Mutual would recommend their employer to a friend. Insurance. I'm in the internship now, just got out the training phase but I'm going to quit, not something I want to do personally. Nov 10, 2021 · MILWAUKEE, Nov. You are only paid $100/week stipend, plus any commissions you make from sales. Has anyone interviewed with Northwestern Mutual for SWE internship before? Could you tell me about the interview process and what types of questions they'll ask? I have a video interview with hiring managers in 1 week. 0. 254 Northwestern Mutual Internship interview questions and 239 interview reviews. 99. The internship is a glorified pyramid scheme. ) lead to a promising career in finance. Friends, family, loved ones, and your dog if they can manage it, will be harassed for meetings to buy overpriced whole life insurance and mutual funds/ managed portfolios with high fees on them. NWM is a huge insurance firm so naturally there are bad internships like the examples that are always used in this sub. Thanks for your stellar advice though. The answer is more nuanced than "all internships in NWM are bad". Having little to no experience, it is common to bring on a more senior advisor who you will split I am currently in the final stages for an internship at NWM, where I would essentially be in insurance sales. So a non-mlm salesperson has the potential to be just as annoying as a boss babe! 20. I take 2-4 weeks off per year and work 10-20 hours another 4-6 weeks. Should I do the Northwestern Mutual Internship. Free interview details posted anonymously by Northwestern Mutual interview candidates. Posted by u/ejmce - 2 votes and 5 comments It’s different company to company, and I wouldn’t say NWM is a bad company it’s just MLMy to call every intern you hire a financial advisor. My concern is that I'm nervous about how the meetings with my joint work partners are going Northwestern Mutual Internship? Hello, I'm considering a NWM internship but I've heard quite terrble things about them, I really don't have any experience at all yet and I need something to put on my resume really bad. I recently got an internship offer from Northwestern Mutual as a software engineer. There is a certain reputation to push insurance products that are good for the "advisor" , but not necessarily good for the person purchasing said products. Comp was $22/hr and free housing. Cons. I had a great interview with Northwestern Mutual. Wondering if anyone has experience or know anything, whether it's sketchy or not. It’s not what they make it out to be, I promise. I get it that NW mutual has a really shitty reputation r/FinancialCareers but I would treat this internship as a step upward from cashiering. Northwestern Mutual. I am choosing between two financial advisors internships with Northwestern Mutual or Mutual of Omaha. Employee Reviews. Intern. I can’t really find much about the internship but I am going to the second round of interviews with the directors of software engineering and was wondering if anyone has any previous experiences and an overall review of the process. 125 reviews from Northwestern Mutual employees about working as an Intern at Northwestern Mutual. behavioral w maybe like one basic OOP question, mine was w the team I would be I mean I did their sales internship post-recession while in school before I passed any exams. Most "modern" officers will assume holistic financial planning as the end goal for reps, assume you are going to be a CFP down the road, and you can definitely do fee only financial planning if you establish the business. It’s a lowkey pyramid scheme that you can’t move up. What most people don’t realize is that as an intern, you can only make In all reality, if you quit this internship, it wont matter. Being an accounting major, I figured I’d be doing some basic accounting/book keeping or even a bit of simple finance work. It’s a terrible place with a horrific reputation if you want to do anything in finance. Every so often, I see a defender in the comments, but the overwhelming majority of people seem to have had a negative experience. Former Employee, less than 1 year. 1. While you're here for the 10-week internship program, you'll enjoy working alongside highly skilled team members and receive great perks that come along with being in an elite internship program: Competitive wages. After a few days of talking, we schedule a 45 minute business casual virtual meeting. 9 rating for diversity and inclusion, 3. So I recently applied to the NM financial advising internship to get some experience. they lure in kids from smaller less prestigious schools with fancy branding the promise of an internship that can 1. However, the email the recruiter sent me stated that it was from "AssuredPartners" which must be the company that recruits interns and other full time positions for Western Mutual. Let me start off by saying I am aware this post is going to be unpopular in this sub. They seem to have a pretty high ranking internship program at least according to their site but obviously that can be biased. I just need to get some honest feedback on this plan. Posted by u/74574245634532453 - 3 votes and 4 comments Dec 13, 2019 · Best Internship Ever. 6 rating for career no. Plan your career in the wide world of finance. That wasn’t my case. you might as well start your own insurance company if you can find 300 people. What's it like to intern with us? It was a joke, lighten up. What is the position of your internship called? It isn't like vector marketing Insurance is a real and necessary product. With that said, a sales person is still a sales person. Northwestern Mutual SWE intern interview. Expand user menu Open settings menu. I am a junior finance major, and I may… Got an interview to complete in a few days, so I took a look at the company. CEO Approval. It is basically a pyramid scheme like Vector marketing (selling knifes door to door). Advice? So I'm a senior at a top private university, and I will be graduating in May. I have been looking for jobs this semester, but do not have anything locked down besides an opportunity to work at Northwestern Mutual as a financial rep intern for 4 months. Northwestern Mutual Internship Anyone here recently interned with them as an actuarial intern? I’d appreciate willingness to share the housing stipend you were provided with and salary transparency as I am considering them but haven’t had the chance to ask about it yet. An internship is to see if you like the job. Northwestern Mutual Internship? Hello, I'm considering a NWM internship but I've heard quite terrble things about them, I really don't have any experience at all yet and I need something to put on my resume really bad. Out of curiosity I was going to still attend the meeting to see if they asked me to any of the stuff I saw in the reddit threads. I did the over the phone interview and then was asked to go into their office for another meeting. I’m a junior in college and this would be my first internship, they sucked me in with their financial planning and investment products but I can’t even sell that until I get my certifications. Hi everyone - I am a sophomore student in the US who is currently deciding between two internships. Recommend. Why not take some summer classes as you originally planned so your course load for next year can be lighter. PipeJones20. Networking opportunities. Northwestern Mutual Internship questions. I also had the opportunity to intern as a financial representative for the “top-ten” internship program. Exposure to leadership. I think selling insurance creating financial plans for people who actually need it is rewarding and beneficial, but the cold-calling, prospecting, and unnecessary product recommendations Skip to main content. I am a junior finance major, and I may… The hard part about northwestern mutual or any other company like it, is your bosses are sales people (they usually started at the bottom once and rose their way up), and so they're naturally effective at convincing you / selling you. Over this past summer I worked at NM as a “financial representative” and as of now am a little bit concerned about my future. They've given all the interns sales training and I've already schedules 9 appointments in my first 2 days. Learn about Northwestern Mutual culture, salaries, benefits, work-life balance, management, job security, and more. I passed the phone screening and this is my first HR screening with 3 other software engineers. It’s January, you still have time to get on indeed/LinkedIn and find a finance internship. Pay rates for internships are determined based on academic tenure and major. Don’t even think about it look for better options if Northwestern mutual has a position called "Financial Representative or intern" or something along those lines. Volunteer initiatives. Northwestern Mutual (NWM) is a MLM scheme. Does anyone have experience working/interning with the tech side of I am new to this CS world and was wondering any tips or anyone who has previously interviewed with Northwestern Mutual's SWE summer internship. Reply. Should I renege NM and take L3? Sure, specifically one of my friends used the NWM to get another internship at a top BB in finance. Turned out I suck at sales but I do think it helped just to have something on my resume that wasn't school, exams, or working at subway. From what I can understand the job entails selling insurance to friends and family. I would be very curious to hear from anyone who personally was able to eventually get a job because of their experience interning with Northwestern Hi everyone - I am a sophomore student in the US who is currently deciding between two internships. Posted by u/bellakitty11 - 2 votes and no comments It’s a highly-respected financial institution. Feb 2, 2022 · Great place to start a career and get a feel for the insurance industry. any company that needs to send recruiters to lecture halls with 300 students to pass around a clip board to fill in only your name, year, and major for this internship is not one worth I felt the need to get as much real-world experience as possible, so I accepted an internship at Northwestern Mutual as a financial representative. It's really up to you, if you have any questions I could answer. You truly feel as though you belong. 3. Intern professionals have also rated Northwestern Mutual with a 3. L3Harris vs Northwestern Mutual Internship. This shit internship is just another MLM scheme but for whole life insurance. It's a sales internship at an insurance company, you can probably get something local with will have a similar impact. Run. If you enjoy selling life insurance to your family/friends run it. The software side seems legit. The Northwestern Mutual Internship Changed My Life. I know a few interns that have made $50-100k and they love it. Northwestern Mutual is the only company to be recognized as a top 100 internship program 1 for 24 straight years. However after participating here long enough, I see the need to provide a bit more to persuade the stubborn/desperate people here not to work at the NM shit train. If you want to bother everyone you know trying to sell insurance take the job. I think they change the name of the role now and then to lessen the negative stigma. The little information there is about the SWE internship says it's a normal SWE internship, but I'd like to hear from anyone who worked there. The entire company is a pyramid scheme but especially the internship. That is when I saw all the same things you guys probably know. Social events. So as you jumpstart your career, you'll also have a hand in making the lives of your clients better. Open menu Open navigation Go to Reddit Home. 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 good choice for a vast majority of people. Northwestern Mutual is known for not having a good reputation and if they were smart they would totally revamp their internship. A representative from a local Northwestern branch near me sent me an email about how they have a summer internship and would love if I would attend their information session. ) turn into full time employment and 2. I work at Northwestern Mutual and the job has changed my life. Out of all the companies at the fair (about 40) there was only 1 that was finance related and that was northwestern mutual. You won't be performing any analysis. I'm sure you can find a better opportunity even if its unpaid. Unfortunately after going through the entirety of the internship and reading about others experiences I understand why this internship is so scathed upon. " I mean I have a friend that did exactly this but left after a couple months but in my eyes it really isn't worth it at all regardless if you get a internship exp under your resume. Northwestern Mutual Financial Advising Internship. ADMIN MOD. A formal mentor. There’s always spring and fall internships. Does anyone have any experience with this? I hear the financial representative internship is a pyramid scheme, just want to make sure this isn't the same kind of deal. And yet the NWM wheel keeps on churning and they Northwestern Mutual SWE intern. "Northwestern Mutual is the only company to be recognized as a top 100 internship program1 for 24 straight years. Don't do it. See All Reviews ( 11082) 1. 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). I have given a lot of thought whether to write this post. The internship sucks and northwestern mutual sucks but it gets your foot into the finance door and teaches you what it takes to sell. yu rx wt sh tk wh re lt tt nv