This “internship” is strictly selling life insurance to family and friends. You will gain little to no experience and are paid only commission. (If you are lucky enough to even sell one of their terrible whole life policies). Be very weary of taking this internship. It is only ranked highly be vault because of how many poor kids they recruit to do their ***** work. You are Nothing but an insurance salesman for a shady company. Do not take this internship unless you want to work with sleezy insurance salesmen and be considered one. You won’t learn about investments or any wealth accumulation tactics. They will make you set meetings with friends and bring an older rep who will pitch your grandmother a whole life policy she does not need. This program is for the companies gain, not yours.
They came to my alma mater looking for students to work there. When I was looking for internships, I saw them too. Luckily, I had decided to skip over them and got a trading internship.
I did remember reading about this, though. I’d highly advise people to look at websites like Glassdoor at people’s reviews of companies before taking an internship.
This happens with Aflac too. You make zero money unless you manage to sell a policy. It often requires a lot of driving around too, which you are not compensated for.
I had a few friends work with NWM. I don’t know all the details but I know they made a lot of connections and really learned how to sell. From my understanding, you’re also required to get certain certifications as part of the internship? I would imagine the experience is highly dependent on the individual branch and employees. You definitely need to have an interest in sales… If you go in expecting some sort of finance internship, you’re looking in the wrong place.
Uh, no. You should really do some research to avoid coming across so ignorant in public. Northwestern Mutual is without question the premiere life insurance company in the U.S.
You may not like the role and its activities, but the company itself is top notch. And for people that are good at this type of sales its highly lucrative. Fresh college grads can make $200,000 plus in their first year and increase their earnings from there. I personally would hate that kind of job, but its actually an amazing place for the right person.
Also, you refer to “terrible policies”. FYI, many of the most sophisticated individual investors in the country own these policies.
What did you expect? It’s a business, not a charity.