MILWAUKEE, Oct. 11, 2017 /PRNewswire/ -- Vault has announced its rankings for the top 50 internships in America. Northwestern Mutual is again a Top 10 internship overall, and No. 2 for college students seeking careers in the financial services industry.
The announcement comes as Northwestern Mutual celebrates the 50th anniversary of its industry-leading internship program. Since its inception, more than 50,000 students nationwide have participated, and Northwestern Mutual is the only company recognized by Vault as a Top 10 internship for 22 consecutive years.
"The Northwestern Mutual internship is a one-of-a-kind opportunity that gives college students access to some of the best financial advisors in the industry so they can learn more about the career, more about themselves and increase their confidence entering the financial services industry post-graduation," said Michael Van Grinsven, director of the Northwestern Mutual internship program.
In fact, the company surveyed former interns about their experience:
- Three quarters say they still use what they learned during the internship
- 8 in 10 say the internship helped them identify their strengths
- 83% noted that it increased their confidence in making financial decisions, and, because of it, they feel financially secure
"This is an internship with impact. From day one, our interns develop critical business and leadership skills – they're hands-on helping people gain control of their financial lives and making a difference in their communities," said Van Grinsven. "We're not just celebrating 50 years of the internship, we're celebrating 50 years of producing the next generation of leaders for our company, industry and communities around the country."
Northwestern Mutual expects one-third of interns that are seniors will pursue full-time careers with the company after graduation. Many of the company's most successful financial representatives and more than half of those leading its offices around the country are former interns.
Vault.com provides in-depth intelligence on what it's like to work in an industry, company or profession. Vault's editors surveyed thousands of current and former interns and evaluated hundreds of internship programs to select the programs they feel provide the best all-around experience. Many factors are considered, including mentorship availability, career advancement opportunities, intern involvement/capacity for learning, compensation, industry clout and work culture.
About Northwestern Mutual
Northwestern Mutual has been helping families and businesses achieve financial security for 160 years. Through a distinctive, whole-picture planning approach including both insurance and investments, we empower people to be financially confident so they can live life differently. We combine the expertise of our financial professionals with a personalized digital experience to help our clients navigate their financial lives every day. With $250.4 billion in assets, $28.2 billion in revenues, and more than $1.6 trillion worth of life insurance protection in force, Northwestern Mutual delivers financial security to more than 4.4 million people who rely on us for life, disability income and long-term care insurance, annuities, brokerage and advisory services, trust services, and discretionary portfolio management solutions. The company holds more than $100 billion of client assets as a part of its wealth management company and investment services. Northwestern Mutual ranks 97 on the 2017 FORTUNE 500 and is recognized by FORTUNE® as one of the "World's Most Admired" life insurance companies in 2017.
Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company (NM), Milwaukee, WI (life and disability insurance, annuities, and life insurance with long-term care benefits) and its subsidiaries. Northwestern Mutual and its subsidiaries offer a comprehensive approach to financial security solutions including: life insurance, long-term care insurance, disability income insurance, annuities, life insurance with long-term care benefits, investment products, and advisory products and services. Subsidiaries include Northwestern Mutual Investment Services, LLC (NMIS) (securities), broker-dealer, registered investment adviser, member FINRA and SIPC; the Northwestern Mutual Wealth Management Company® (NMWMC) (fiduciary and fee-based financial planning services), federal savings bank; and Northwestern Long Term Care Insurance Company (NLTC) (long-term care insurance).
SOURCE Northwestern Mutual