Northwestern Mutual Internship Program Named Top 10 for 10th Consecutive Year
Ten for Ten. That's the Northwestern Mutual Internship program's record for being named one of America's Top 10 Internships in the Vault Guide to Internships, 2006, marking the tenth consecutive year of this distinguished ranking. Only two other organizations have earned this honor for ten straight years.
"Being named a Top Ten Internship for so long is a tremendous compliment to all the students who have experienced internships with Northwestern Mutual as well as the people in our offices across the country who continually make the experiences young people have beneficial to their future professional growth," says William H. Beckley, CLU, ChFC, MSFS, Executive Vice-President of Agencies at Northwestern Mutual. "This recognition is a testament to the company's commitment to educating tomorrow's leaders."
The Vault Guide to Internships, 2006, bases its internship rankings on a variety of factors, including substantive work, compensation, real-world experiences, selectivity, subjective expertise and how internships with the company are perceived to potential employers. Northwestern Mutual's program is in good company with other elite Top 10 internships such as the U.S. Supreme Court, the Central Intelligence Agency (CIA) and the Academy of Television Arts & Sciences.
A financial representative intern with Northwestern Mutual Financial Network gains the same knowledge and training of full-time representatives, learning the basics of the insurance and financial services industry. They are compensated on a performance-based system, and provided mentoring and support from seasoned veterans throughout the office.
Since 1967, more than 20,000 students have gained invaluable knowledge of the business and financial world through the internship program with Northwestern Mutual. Annually, the program offers internships to about 1,000 students, a number which the company intends to double over the coming years.
"The experience as a financial representative intern is excellent preparation for a career in financial services, or any other field they may want to pursue," noted Beckley.
In fact, 25 percent of current field management with the Northwestern Mutual Financial Network started their career as a financial representative intern, and 20 percent of the company's top producing financial representatives started as interns.
The Northwestern Mutual Life Insurance Company, Milwaukee, WI (Northwestern Mutual), the nation's largest direct provider of individual life insurance, according to statistics compiled from A. M. Best data, has always received the best possible insurance financial strength ratings from Standard & Poor's, Fitch Ratings, A. M. Best and Moody's. For 22 years, a FORTUNE magazine survey has named Northwestern Mutual "Most Admired" in its industry. The company has also been recognized as one of the "50 Best Companies to Sell For," by Selling Power magazine (2005).
The company, its subsidiaries and affiliates are also providers of annuities, mutual funds, long-term care insurance, disability income insurance and employee benefit services to the group employee and executive markets. These products and services are distributed through the representatives of the Northwestern Mutual Financial Network. Among Northwestern Mutual's affiliated companies are those that comprise the Russell Investment Group, which provide investment management and advisory services; Northwestern Mutual Investment Services, LLC (NMIS), a wholly-owned company of Northwestern Mutual, broker- dealer and member NASD and SIPC; and Northwestern Mutual Wealth Management Company, a wholly-owned company of Northwestern Mutual, limited purpose federal savings bank and a registered investment adviser which provides financial planning, investment management and trust services. A subsidiary, Northwestern Long Term Care Insurance Company, offers long-term care insurance. Further information on Northwestern Mutual can be found at: http://www.nmfn.com/ .
SOURCE: Northwestern Mutual Life Insurance Company
CONTACT: Jean Towell of Northwestern Mutual Life Insurance Company,
+1-800-323-7033, or firstname.lastname@example.org
2/9/2006 9:00:00 AM