Financial Advisor Development Program

Job description

Financial Advisor Development Program 

Participants of the Financial Advisor Development Program at Northwestern Mutual Greater Chicago- Skokie, Elgin, Lombard, Vernon Hills, West Loop, Aurora are provided guidance, connection, and a framework for building an integrated financial planning practice from the ground up. Candidates are graduating from college in May 2024 and are interested in building a financial planning practice.  You will engage with local and nationwide experts and exclusive financial products with the support of a Fortune 100 company. You will have the opportunity to build your confidence, develop a professional network, and help people achieve financial freedom.

Our Financial Advisor Development Program allows you to:

• Participate in a 3-month specialized training program following your college graduation that will lead to a career as a Financial Advisor.     
• Learn how to prospect and network to build your business and client base.
• Develop and execute a business strategy.
• Call on potential clients and set meetings to understand their financial goals. 
• Prepare plans and offer useful recommendations. 
• Gain exposure to proprietary planning software platforms. 
• Engage in weekly coaching, training, and development meetings. 
• Obtain your Life, Accident, and Health insurance licenses as well as investment licenses (Security Industry Essentials, Series 6/7, and Series 63)

Are you a fit for the Financial Advisor Development Program? 

• Full-time student; graduating in May 2024.
• Entrepreneurial ambitions and curiosity for sales. 
• Highly involved on campus (leader, athlete, campus orgs, student government, etc.)  
• Excellent time-management skills. 
• Interest in financial literacy and planning tools. 
• Business savvy and desire to increase critical thinking abilities.

Compensation & Benefits 

• Performance-based earnings and revenue
• Learning and Development Incentives (up to $1000/month, not inclusive of earned commissions)
• Support for insurance licensing (Life, Accident, and Health insurance license)
• Support for Security Industry Essentials, Series 6/7, Series 63 registrations 

About Us

For over 165 years, we have helped our clients spend their lives living through comprehensive and innovative financial planning. We combine the expertise of our financial professionals with personalized digital experience and industry-leading products to give our clients the ability to successfully navigate their financial lives. 

Our tailored approach includes multiple financial strategies—insurance, investments, and annuities—built to reinforce each other, keeping our clients consistently on track to meet goal after goal. We lead with unmatched financial strength and access to the best products and services for our clients. 

Our Financial Representatives and College Financial Representatives are valued partners and proud business owners. As such, they are considered independent contractors1 for income tax purposes, and a "statutory employee" for Federal Insurance Contributions Act (FICA) tax purposes.

As a company, we value an inclusive and belonging workplace where everyone’s unique viewpoints bring new successes. We strive to create teams that reflect our customers and communities, fostering an environment where all employees are welcomed, valued, and heard.

Why join Northwestern Mutual:

• Fortune 500 company (2023) 
• 5.0+ million clients and growing1
• $257 billion retail investment client assets held or managed by Northwestern Mutual2
• Forbes' Best Employers for Diversity (2018-2021) 
• Unsurpassed financial strength3
• Best Place to Work for LGBTQ+ Equality- Human Rights Campaign Corporate Equality Index (2015-2021) 

1 As of June 30, 2023

2 Combined client assets of NMIS and NMWMC as of June 30, 2023

3 Among U.S. life insurers. Ratings are for The Northwestern Mutual Life Insurance Company and Northwestern Long Term Care Insurance Company, as of the most recent review and report by each rating agency. Ratings as of: 06/23 (Moody’s Investors Service), 08/23 (A.M. Best Company), 08/23 (Fitch Ratings), 05/23 (S&P Global Ratings)