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Northwestern Mutual Internship

CmossCmoss Registered User Posts: 158 Junior Member
i have an interview with them on tuesday and im stoked i have a really good chance of getting one of three internships...two questions
1. how much should i expect for pay
2. what should i do/say to really seal the deal for me

thanks all
Post edited by Cmoss on

Replies to: Northwestern Mutual Internship

  • JERKJERK Registered User Posts: 78 Junior Member
    Pay is almost entirely up to you…..meaning: you do all the work. They may throw in a $1000 stipend. I know 2 of my friends who did this internship; neither seemed too thrilled about it. I never applied for this internship, but I believe the internship process involves an interview and a personality test. This internship involves cold calls and weekly meetings to check on progress. If you desire a career in sales, then this experience should be beneficial.
  • theFireballKidtheFireballKid Registered User Posts: 161 Junior Member
    Crap internship. Not worth it.
  • CmossCmoss Registered User Posts: 158 Junior Member
    thanks guys thats what i got from the interview today...good money if you can convince all your family and friends to buy life insurance from ya
  • JMIONE1JMIONE1 Registered User Posts: 194 Junior Member
    This internship is not all that great as they paint it. I turned down their offer for last summer. They really just hire thousands of students all over to go sell insurance and other financial products. Its basically a modern day door to door salesman! There are better things out there.

    It's "crap" like fireballkid said.
  • caseengrcaseengr Registered User Posts: 44 Junior Member
    I have an interview with them on Friday at their Cleveland offices for the internship. Are the interviews pretty much like the standard interview (i.e. name a time when you were a leader, what are your biggest weaknesses, etc.)? Do they expect you to have an in depth knowledge of the world of finance? I am currently a sophomore Aerospace Engineering major that has taken economics classes, so although I'm interested in the field, my knowledge is definitely sub-par.
  • CmossCmoss Registered User Posts: 158 Junior Member
    dont do it...i promise its a waste of time unless you plan on being an insurance salesman for the rest of your life...worthless interview in mine they asked me what would my friends say are my five best attributes and what 3 people would i want to share this with and do i have 100 people to cold call?

    in other words you would be better off selling security systems door to door they make more and it would do the same for your major
  • willpower102willpower102 Registered User Posts: 212 Junior Member
    So why are theyin the top ten intership programs nationwide? I googled it and saw that these are the same results however she made it seem like it was very exclusive.

  • transfernkidtransfernkid Registered User Posts: 256 Junior Member
    I agree do not do it, i turned them down also when i went to their info session brought back dreaded memories of Vector Marketing. They rank that high due to amount of people desperately looking for internships. The people that stay are usually the ones able to sell insurance to every person they know. It does give you tools in the insurance biz but it is nothing better than a telemarketer.
  • kinglinkinglin Registered User Posts: 2,296 Senior Member
    The Northwestern Mutual internship is a waste of time. It's nothing more than you selling insurance to your friends and family. There are many opportunities out there that are much better.
  • 1980collegegrad1980collegegrad Registered User Posts: 1,503 Senior Member
    I feel bad for the poor kids who get suckered into this scheme.
  • icanreadicanread Registered User Posts: 508 Member
    Is this internship completely commission based? Why is the hourly wage listed as $9? Anyway, it sounds like complete crap. I've worked on commission before and never again will I do it. It sucks out your soul.
  • commentcommentcommentcomment Registered User Posts: 733 Member
    Internships and Jobs in sales for MetLife, NYLife, Northwestern Mutual, and a lot of trader/stockbroker positions are either you make it or you fail. If you are very driven, work hard, driven and never give up as you cold call for 8-12 hours for 9 months and get luck, you will make great money. The majority of us who can't commit the time or feel bad for cold calling won't make it in this profession.

    If you do not care about money and want a decent training session, learn how to pitch well, and be more social, its worth a few months for the experience.

    Otherwise it is just a waste of time if you are looking to make an hourly wage and just move on.

    The hourly compensations is there but only for a limited amount of time. Typically 1-3 months you get paid a wage and afterwards, you are on your own but you can still use the office.
  • demozdemoz Registered User Posts: 1,177 Senior Member
    Hi, I'm a freshman right now and I have an interview coming up for northwestern too. It's pretty hard to find any type of internship so I'm wondering if I should just try this as something to put on my resume? Or is it still largely a waste of time?
  • NMinternNMintern Registered User Posts: 1 New Member
    I'm in the internship and have been doing it for a year now. I can really say that the people who call it crap, don't understand the financial services industry. This is entirely fine and it's definitely not for everyone. It is true at Northwestern you will approach everyone and anyone with a pulse and try to sell them something, but that is true anywhere you go. I know guys who went to work at UBS and Smith Barney and on their first day got shoved into a corner and had the yellow pages thrown at them with a "alright, go to work" attitude. I've made decent money doing this internship and currently have around fifty clients to whom I've sold insurance and investment products too. In two more years I'll be a financial advisor and will graduate college with a guaranteed job that boasts one of the best pensions in existence. It's true it's all about the life insurance at first, but honestly when you're starting which do you think people are more likely to trust you with, their equities or their insurance? As time goes on however the clients develop trust with you and the investments come later. Brokers sell life insurance, life agents sell investments etc. It's not as black and white as it used to be. If you don't want to sell insurance don't sign up, but don't blame the company for it and definitely don't say it's crap. It really is a great opportunity for a college kid (I made more money in one month at NW then I did the prior year at Starbucks). It's a great thing, but not for everyone. Best of luck.
  • cmw0421cmw0421 Registered User Posts: 19 New Member
    I'm partial to the internship. I did it last summer and didn't really make a ton of money, but about the same as I would have made at my other part time job. $100 weekly stipend. Word of advice - don't go to the meeting on Wisconsin if you can help it (it's expensive).

    Biggest pro - you will absolutely gain interpersonal skills. Overcome fears of dealing with new people. "Sales" skills are beneficial regardless of your career path. I think this has paid of dividends for me, as I'm not a super outgoing person.
    Learn tools for networking which help later on
    Resume booster (although a non-sales position would be better, if you have the chance)

    I hated it
    Calling on friends/family to ask for then to meet with you, where you will try to sell/ask for leads
    I have family friends who think I'm still in insurance to this day..

    Given the choice, would I go back and do it again?
    I wouldn't do it a second time, but the summer internship was useful
    Given a different internship (non-sales) I would have taken that
    If the decision is to keep your part-time job or take an internship, take the internship.
This discussion has been closed.