In Challenging Economy, Northwestern Mutual Sets Recruiting Record
New financial representatives were recruited into Northwestern Mutual's financial network in record numbers for the second consecutive year during 2008 as 2,089 new full-time financial representatives began their careers with Northwestern Mutual.
"Northwestern Mutual's financial strength and stability continue to attract career changers, financial professionals and college graduates seeking an opportunity to help clients achieve long-term financial security," said Todd Schoon, senior vice president, agencies. "In challenging economic times, qualified financial professionals are more valuable than ever."
Many of the new recruits are seasoned professionals who are changing careers or recent college graduates who have participated in Northwestern Mutual's acclaimed internship program. In 2008, the company recruited more than 2,300 college students into its internship program. For 13 consecutive years, the Northwestern Mutual internship program has ranked among America's "Top Ten Internships" by the Internship Informants in the 2009 Vault Guide to Top Internships.
The Vault honor is one of many the company has earned for its commitment to career development.
-- Training magazine named Northwestern Mutual in its 2009 "Training Top 125" in its February edition, recognizing the financial security company's excellence in training and leadership development. -- In December 2008, Glassdoor.com ranked Northwestern Mutual fifth overall and first in the financial services industry in its inaugural "Best Places to Work" survey. -- In the September 15, 2008 edition, for the third year in a row, BusinessWeek magazine named Northwestern Mutual one of the "Best Places to Launch a Career." -- Northwestern Mutual has collected top honors in the life/health sector of FORTUNE magazine's "America's Most Admired Companies®" survey for 25 years, including 2008. The Milwaukee firm is the only company to place first every year it was ranked. (March 17, 2008 issue, FORTUNE® magazine survey)
Further information on Northwestern Mutual, its careers and affiliates can be found at: http://www.northwesternmutual.com/.
About Northwestern Mutual
The Northwestern Mutual Life Insurance Company - Milwaukee, WI (Northwestern Mutual) has helped clients achieve financial security for more than 150 years. As a mutual company with over $1 trillion of life insurance protection in force, Northwestern Mutual seeks to share its gains with policyowners and deliver consistent and dependable value to clients over time.
Northwestern Mutual is an industry leader in total individual life insurance and disability insurance dividends paid to participating policyowners. Though dividends are not guaranteed, are reviewed annually and are subject to change, the company has paid life insurance dividends every year since 1872.
Northwestern Mutual and its subsidiaries offer a holistic approach to financial security solutions including: life insurance, long-term care insurance, disability insurance, annuities, investment products, and advisory products and services. Subsidiaries include Northwestern Mutual Investment Services, LLC, broker-dealer, registered investment advisor, member FINRA and SIPC; the Northwestern Mutual Wealth Management Company, limited purpose federal savings bank; and Northwestern Long Term Care Insurance Company; and Russell Investment Group. Further information can be found at http://www.northwesternmutual.com/.
First Call Analyst:
SOURCE: Northwestern Mutual
CONTACT: Jean Towell of Northwestern Mutual, 1-800-323-7033,
Web Site: http://www.northwesternmutual.com/
2/25/2009 9:00:00 AM