What are the responsibilities and job description for the Business Development Specialist Entry Level position at Northwestern Mutual?
Benefits : Stipend
401(k)
401(k) matching
Bonus based on performance
Company parties
Dental insurance
Flexible schedule
Health insurance
Opportunity for advancement
Training & development
Vision insurance
At Northwestern Mutual - Lake Elmo, we’re looking for driven individuals to join our mission of helping clients achieve financial security and peace of mind. Our advisors offer personalized wealth management solutions, and our supportive, people-first culture ensures every team member grows both professionally and personally. If you're passionate about making an impact and being part of something bigger, this is the place for you.
Our commitment to community involvement includes :
1,000,000 raised for M-Health Fairview Children’s Masonic Hospital to fight childhood cancer.
Annual participation in The Big Climb Minneapolis for Leukemia and Lymphoma Society.
Volunteering with The Miracle League, supporting children with disabilities through baseball.
Our growing office is located : 8530 Eagle Point Blvd. Suite 200 Lake Elmo, MN 55042
Follow this link to hear about a Day in the Life of a Northwestern Mutual Advisor :
A Glance at Northwestern Mutual (NM) :
Northwestern Mutual is a FORTUNE 500® company that provides a wide range of financial services to more than 5 million people. As a mutual company, we answer to our policyowners—not Wall Street. We began in Wisconsin in 1857, and today we’re one of America’s top companies, with a unique culture deeply dedicated to helping people achieve financial security.
Meet Some of Our Local Leaders, the Heartbeat of Our Business :
Sarah Walter : Managing Director
How long with NM? 21 years
Previous experience? Straight out of college with a Finance degree, she held roles including Financial Representative, Director of Training, Development Officer, Chief Growth Officer, Associate Managing Partner, and now Managing Director.
Passionate about? Spending time with her family at their lake place in Alexandria, MN, fitness, traveling, great restaurants, and capturing memories through scrapbooking.
Debbie Blattner : Director of Operations
How long with NM? 20 years
Previous experience? Worked at Cargill in IT Help Desk and as a Procurement Coordinator.
Passionate about? Enjoys biking, reading, live music, and spending time with her husband, Justin, and their adult children.
Joel Seleskie : Wealth Management Advisor
How long with NM? 24 years
Previous experience? Began career with Northwestern Mutual straight out of college.
Passionate about? Loves boating, wakeboarding, and cheering on his kids in their sports activities like hockey, baseball, and football.
Emma Traun : Financial Representative
How long with NM? Started in '24.
Previous experience? Former Staffing Consultant.
Passionate about? Spin, weightlifting, traveling, sunbathing, and trying new foods.
Kevin Snelling : Financial Advisor
How long with NM? Started in '24.
Previous experience? Former Chief Operating Officer at a business consulting firm.
Passionate about? Golfing, working out, reading, traveling, and spending time with his wife and two young boys.
About the Financial Representative Role :
As a Financial Representative at Northwestern Mutual, you will be part of a team that helps individuals and businesses achieve their financial goals through personalized insurance solutions and financial planning. Your role involves building long-term relationships with clients, understanding their unique needs, and providing tailored financial solutions.
Average Income Year 1–4 :
Average : $133,150
Top 25% : $293,241
Top 10% : $434,517
Average Income in Years 5 :
Average : $732,016
Top 25% : $1,770,013
Top 10% : $2,413,931
Key Responsibilities :
Client Consultation : Engage with clients to understand their financial goals, aspirations, and concerns.
Financial Planning : Develop comprehensive financial plans that include investments, insurance, and retirement.
Insurance Solutions : Recommend and implement insurance strategies to protect clients' assets and income.
Ongoing Support : Monitor clients' financial plans and provide regular updates, adjusting strategies as needed to meet changing circumstances.
Networking : Build and maintain a network of clients through referrals, community involvement, and professional associations.
Qualifications :
Education : A bachelor's degree in finance, business, or a related field is preferred.
Experience : Previous experience in financial services, insurance or business development is beneficial but not required.
Skills : Strong interpersonal and communication skills, analytical thinking, and the ability to build trust and rapport with clients.
Licenses : Obtain necessary licenses, such as Series 6, 63, and state insurance licenses (training and sponsorship available).
Benefits : Stipend
Income Potential : Competitive compensation structure including performance incentives, with no ceiling. We offer the potential for a first year stipend to help with your career transition.
Support and Mentorship : Comprehensive support from a dedicated planning team, marketing resources, and experienced mentors.
Work-Life Balance : Flexibility to create a schedule that fits your lifestyle and goals.
Impact : Make a lasting impact by guiding individuals and families in your community towards financial security and success.
Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company (NM) and its subsidiaries in Milwaukee, WI. Sarah Walter is a General Agent of NM. Managing Directors are not in legal partnership with each other, NM, or its subsidiaries.
Salary : $133,150 - $732,016
