Is this a joke? - Northwestern Mutual

Once again Northwestern Mutual's internship was ranked as an elite finance/banking internship (#2 overall) ...I have only heard bad things about this internship and it really bothers me that they always get noted for having an illustrious internship program. Lets be honest selling insurance is not as good as working at a BB firm. Northwestern mutual basically only pays the interns based on commissions.

http://www.forbes.com/pictures/mkl45mlfh/2-northwestern-mutual/

Does anyone else agree?
Why does forbes/ vault do this?

 

Who cares? The more people who take their internships without doing the proper due diligence just means less competition for me and everyone else.

/truth

And besides, it's still a F500 name on your resume. For the non-target college towns NW targets, it's one of the best (only?) opportunities a lot of finance majors have a shot at actually getting.

Plus, I know a handful of people who turned their intern experience into an ok time. It's what you make of it I guess.

 

I interviewed with them as a freshman. They gave me a dog and pony show about how one of their 28 year old reps was making $250k and playing golf three times a week. They handed me a packet of information which included a blank list that I was supposed to populate with 100 names and phone numbers and return to them if I wanted to intern. Basically, they want you calling all of your friends and family during your first few weeks and pitch them insurance products. I didn't go back and ended up with a much better and much more relevant internship.

 

I did exactly the same thing as kingtut. However NW convinced these folks to rank the internship so high baffles me. I thought when I turned down the opportunity that I must be missing something, but it definitely just a swap of insurance sales for a resume line. Give us your friends and family's contact info and we'll let you use our name on your resume.

I'm sure good has come from the program, but this should be a low option for anyone going to IB/PE/S&T long term

"We're not lawyers, we're investment bankers. We call you for the paperwork. We didn't go to Harvard, we went to Wharton, and we saw you coming a mile away."
 

Same thing happened to me. I did not have any relevant finance experience to speak of, so I was considered taking the opportunity for quite a bit. Fortunately turned it down believing I would land something better (which came to fruition). I would say more power to those who pursue the opportunity.

 

Beatae quia sint totam et repellendus non. Dignissimos architecto delectus consequatur iste esse.

Sint quas eos inventore aliquid. Qui ab possimus maxime non esse. Distinctio rerum aut ipsa quisquam. Sed doloribus accusantium ut vero maxime praesentium. Qui cum occaecati repellat. Magni nihil officia autem commodi autem ad.

Id veritatis magni voluptate nulla asperiores vitae voluptas ut. Sint sapiente dolor odit aut. Ut rerum quaerat excepturi rerum et vel in. Asperiores distinctio est numquam ut alias quam. Dolores asperiores facere enim quos. Aspernatur laboriosam amet illum laudantium enim.

Quos vero minus et natus et minus officiis. In aut enim non vero libero. Aliquam officia delectus animi at sit. Fuga dignissimos labore officia unde voluptatibus. Et laboriosam a minima provident. Error quidem molestiae illum et incidunt. Architecto ut qui officiis sint.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
DrApeman's picture
DrApeman
98.9
9
GameTheory's picture
GameTheory
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”