Any insight on the shop, the program, and the interview process/questions? Can't seem to find much on this forum because of the stigma around northwestern mutual haha
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Based on the most helpful WSO content, there isn't specific information about Northwestern Mutual's private debt and equity program or its interview process in the provided context. However, for private credit or private equity interviews in general, here are some insights that could be helpful:
Interview Structure:
Key Areas to Prepare:
General Advice:
If you're looking for more tailored advice, consider exploring WSO's Private Equity Interview Course or Private Credit Interview threads for additional resources and insights.
Sources: Private Equity Interview Questions - 13 Topics to Know, Private Equity Interview Questions - 13 Topics to Know, Private Credit Interview Advice, A Non-Target's Perspective - My MM PE Recruiting Process, A Non-Target's Perspective - My MM PE Recruiting Process
I know someone that used to work there that moved for family reasons. It sounds like the entire investment arm of northwestern mutual is very respectable. He said they managed $300B+ in AUM between all investment groups, mostly just general account money. Pay seemed respectable but def not BB type of money. Definitely in line with the other major insurance companies (PGIM, Metlife, etc.) Hours don’t seem too bad. Think he worked like 50-65 a week. Sounds like they struggle to hire outside of the Midwest because nobody wants to commit to Milwaukee long term… but you’ll live really nice with that comp in a low cost of living city like that.
Thanks for the insight! Do you have any info on exit opps, possible laterals, and how involved in the PE/PC space they are?
They are pretty involved. Insurance companies are a good exit imo. You'll never make multiple millions in a year, but you also will never grind like you would at many other companies. Can actually get sleep, go to your child's sporting event, eat dinner at home, etc. That is why you'll see so many senior employees who have been around for 10-20+ years.
Prior threads have made the pay seem atrocious, even for Milwaukee cost of living, and also below other insurance shops
The juniors typically have not come from IB - which is a red flag on comp.
Looking at the team profiles - they seem to strongly encourage MBAs above a certain title - which is flat out bizarre and not normal for private credit (especially in a small Midwest market)
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