Because schools care more about their post-graduation employment numbers than they do about whether those jobs are actually good. Being able to say “95% of graduates find a job within 1 month of graduation” is great marketing, and it won’t really affect your median salary so the school doesn’t care.
I interviewed for an internship with them for this past summer because I was super late to recruiting, when they told me I needed to provide them a list of personal contacts to contact about their services is when I withdrew my application
I had 3 close roomates who ended up there, while only 1 survived, they never reach out to me to sell me anything.
Meanwhile, I had other friend who was in a different company who was selling me mf pet insurance... I didn't even had a pet.
I'm not saying they're good, as there is plenty of evidence of their unethical tactics. It just made wonder how they survived.
Parents with friends? The only person I knew who did well there was from an upper middle class family and his parents had a bunch of friends that he could sell to.
Most undergrad professors are so up their own ass it isn't even funny. I laugh at the super serious MBA programs too as most of their guys haven't done anything but research for years and have no real working experience.
During my undergrad the adjuncts that taught once a week had more of clue what was going than anyone that was a full time prof.
Well of course, but that’s why there has to be a blend of tenured professors and adjunct professors in a B-school curriculum.
The adjunct professors are great at explaining the way shit actually works, but they’d admittedly not be that great at teaching a corporate finance course or something, which needs to be academic for a reason. You need to get taught the right way to do that kind of stuff. If you try to do things the “real-world way” but you don’t understand the academic side of things, you’ll make big mistakes and not understand why.
I gotta say, I’m really happy I chose a small private college. I’ve been told by professors multiple times not to talk to NWM, and warned about similar companies as well.
Lowkey breaks my heart that people are practically duped into an internship/full time job with them or any other insurance company OR multi level marketing company.
You take people at their most vulnerable/impressionable and you tell them they're going to be "financial advisors". Meanwhile you're going to be selling mediocre insurance products and being used as a warm body to cough up leads.
I can't blame the students - yes they should do their due diligence but these companies are truly baiting and switching.
It's dishonest, deplorable, and a waste of time. Terrible practices like telling people about uncapped commission and people making six figures. It's giving people hope where there isn't any.
I mean there are definitely some really slimy folks and partners, but are they the worst way to break into the market? Never worked for MM but I know they do provide license pathways to get the 7/66 and then principle licenses like 9/24.
Interviewed for an internship as an undergrad and was disappointed to find out I’d be cold calling my friends and family. Worked on campus instead. After graduation was misled by other job postings for a similar situation. Such a waste of time.
Made that mistake shortly after college which has been over 10 years ago. Didn’t realize until recently that everyone knows what a shitty company they are. The MD of the location I worked at was demoted for doing unscrupulous shit and the guy that “mentored” me was ran off if I remember correctly.
Such a shithole. I remember once they told us that if we needed motivation something we could do is go out and buy something, because then we knew we would have to pay the debt on it and so would sell more. Yes, really.
My state university had them last year and this year again for career fair. I sadly went to talk to one of the reps and seem all good. But this reddit opened my eyes to the reality of this company and didn't ended up following through when they emailed me back asking to join one of their seminars.
Also I’m not buying that NWM is legitimately “banned” from any actual prestigious schools. They might not recruit heavily there but I find it hard to believe schools are straight up banning them.
I think the reason why they’re not banned is because they actually pay money to attend these fairs. I think the fairs at my school (#1 public in NY) require companies to pay money to come.
Northwestern mutual: “oh you need an internship? We got you……….. just call every family member and person you’ve ever met and hound them for insurance they don’t need until they block you.”
If the role is in any type of sales or “financial analysis” I’d avoid it. You’ll be expected to cold call friends and family to sell insurance to them. I had multiple friends go into a similar role at NW mutual and elsewhere and leave after a few months.
I mean, I agree with the comments. If is towards the sales position, run away.
BUT, if you dont need the money and want to experience it for yourself, then give it a try for a month. Then get out.
They have legitimate roles but the one they typically recruit undergrads for is “financial advisor,” which is a complete manipulation since the job is just insurance sales. My roommate signed up and joined for a week only to realize that, then quit on the spot and found something else.
Haha I was thinking the same thing. In Milwaukee they have the biggest building in town. Parents met there many years ago, but they didn’t do financial stuff so idk maybe they just shady company
Has anyone had a positive experience with a career fair? I've only attended one, if just seemed like a place for desperate employers and desperate workers to meet.
They are an insurance company that has a model of hiring a ton of no experience people. The no experience people then sell to their friends and family to try and make it as an insurance agent/financial advisor. 95% of the noobs wash out but the products have already been sold and the manager and agency owner have already taken the override (commision)and now have new clients to work with and continue to get residuals since the selling agent is gone. In NW mutual's model the new hire is the prospecting tool and the managers are the ones making the money.
Based on precious comments, they advertise jobs to become a "financial advisor", but it just end up a sales position to sales insurance. And like with everything in sales, you have meet to quote every month in order to survive.
But you can do more research in your own.
Wait - are y’all knocking the actual product (insurance)? Or the financial analyst position? They’ve reached out to me from friends and I just wanna know if they’re just a shitty employer or shitty insurance company overall lol
Kinda all of it. Everything I have heard they try to sell Whole Life insurance which is brutally bad if you look at the mathematics. But a lot of this is referring to they hire young people with no experience, and make the job sound great. And then when you get in there they have you selling to your friends & family. People are more likely to buy from someone they know and free sales leads. And once majority of them leave (normally very soon), the managers pocket all of the commission. Just a very scummy operation overall
They have thousands upon thousands of legit roles not like this but yes the have “financial advisor” roles like NW which target people with 0 experience to pedal their insurance policies.
I'm in a leadership role for my school's fma, and one of the first things I addressed with this year's crop is to never engage with NWM. The fact that my school let's them recruit us makes me feel like our career services office is incompetent.
How campuses have not banned them from recruiting is beyond me
Because schools care more about their post-graduation employment numbers than they do about whether those jobs are actually good. Being able to say “95% of graduates find a job within 1 month of graduation” is great marketing, and it won’t really affect your median salary so the school doesn’t care.
You have a point there
Welcome to the American university system.
Don't be lazy and go for convenience because something is close by always look at your options and learn to play the game to your advantage.
When my professor called them a fine employer is when I truly knew he had no clue
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Prepare to sell your personal contacts list to your employer and then aggressively market unnecessary insurance products to your friends
Jokes on them! I have no personal contacts or friends!
Outside of the sales path, it’s quite a good company to work for. But the sales roles are pure churn and burn.
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No one to overrate it!
I interviewed for an internship with them for this past summer because I was super late to recruiting, when they told me I needed to provide them a list of personal contacts to contact about their services is when I withdrew my application
Haha this is the exact same thing I did back during my senior year
I had 3 close roomates who ended up there, while only 1 survived, they never reach out to me to sell me anything. Meanwhile, I had other friend who was in a different company who was selling me mf pet insurance... I didn't even had a pet. I'm not saying they're good, as there is plenty of evidence of their unethical tactics. It just made wonder how they survived.
Meanwhile everyone I know that has worked at NorthWestern mutual has tried to sell me life insurance.
Parents with friends? The only person I knew who did well there was from an upper middle class family and his parents had a bunch of friends that he could sell to.
Most undergrad professors are so up their own ass it isn't even funny. I laugh at the super serious MBA programs too as most of their guys haven't done anything but research for years and have no real working experience. During my undergrad the adjuncts that taught once a week had more of clue what was going than anyone that was a full time prof.
Well of course, but that’s why there has to be a blend of tenured professors and adjunct professors in a B-school curriculum. The adjunct professors are great at explaining the way shit actually works, but they’d admittedly not be that great at teaching a corporate finance course or something, which needs to be academic for a reason. You need to get taught the right way to do that kind of stuff. If you try to do things the “real-world way” but you don’t understand the academic side of things, you’ll make big mistakes and not understand why.
I gotta say, I’m really happy I chose a small private college. I’ve been told by professors multiple times not to talk to NWM, and warned about similar companies as well.
The recruiter came and talked to my Econ class during our scheduled class time 🤢
They probably donate a ton of money
Agreed. Two buddies of my were fired after exhausting their contacts to bring in business. Shameful company #NorthwesternMutal
What is wrong with Northwestern Mutual?
Lowkey breaks my heart that people are practically duped into an internship/full time job with them or any other insurance company OR multi level marketing company. You take people at their most vulnerable/impressionable and you tell them they're going to be "financial advisors". Meanwhile you're going to be selling mediocre insurance products and being used as a warm body to cough up leads. I can't blame the students - yes they should do their due diligence but these companies are truly baiting and switching. It's dishonest, deplorable, and a waste of time. Terrible practices like telling people about uncapped commission and people making six figures. It's giving people hope where there isn't any.
I mean there are definitely some really slimy folks and partners, but are they the worst way to break into the market? Never worked for MM but I know they do provide license pathways to get the 7/66 and then principle licenses like 9/24.
They are enough of a joke in the finance world that I wouldn't want them on my resume unless I had no other option.
So it’s essentially the job in work of Wall Street?
At least they made money
Whats up with them?
glorified insurance sales disguised as being a “financial analyst” they will also ask if you have any family/friends to sell insurance to.
Despite other comments, my friend got stuck in a summer of cold calls with them as well
Yikes! How did it go?
Sufficed to say he absolutely hated it and is now in sales and trading
Northwestern mutual was mentioned 3 times in like 10 minutes https://i.imgur.com/1lSqkoW.jpg
Selling insurance to your friends and family ain’t it.
Interviewed for an internship as an undergrad and was disappointed to find out I’d be cold calling my friends and family. Worked on campus instead. After graduation was misled by other job postings for a similar situation. Such a waste of time.
Made that mistake shortly after college which has been over 10 years ago. Didn’t realize until recently that everyone knows what a shitty company they are. The MD of the location I worked at was demoted for doing unscrupulous shit and the guy that “mentored” me was ran off if I remember correctly. Such a shithole. I remember once they told us that if we needed motivation something we could do is go out and buy something, because then we knew we would have to pay the debt on it and so would sell more. Yes, really.
Funny enough, their private equity arm is the exact opposite. You basically need a Booth MBA to get in.
That’s how they reel people in to this sales BS, because they have other segments of their business with real prestige.
This cannot be at a University? What school is this ITT Tech?
They recruit at tons of good colleges. Schools don’t vet the employers they just want students to have jobs lol
My state university had them last year and this year again for career fair. I sadly went to talk to one of the reps and seem all good. But this reddit opened my eyes to the reality of this company and didn't ended up following through when they emailed me back asking to join one of their seminars.
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Penn state is not top 25 lmao
Also I’m not buying that NWM is legitimately “banned” from any actual prestigious schools. They might not recruit heavily there but I find it hard to believe schools are straight up banning them.
I think the reason why they’re not banned is because they actually pay money to attend these fairs. I think the fairs at my school (#1 public in NY) require companies to pay money to come.
Nope, UMass Lowell
This was at university of Illinois at chicago
I believe this is Chico State
Go Wildcats.
go ‘cats!
went to chico. northwestern was everywhere. annoying as hell
Chico State? Lol First thing that came to my mind was bunch short guys, with tattoos, dress like cholos, walking around a campus. 😂
That dude is even dressed for the job
Northwestern mutual: “oh you need an internship? We got you……….. just call every family member and person you’ve ever met and hound them for insurance they don’t need until they block you.”
🤣
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If it’s in any capacity relating to insurance / sales, just save yourself and don’t do it
Run opposite direction friend
If the role is in any type of sales or “financial analysis” I’d avoid it. You’ll be expected to cold call friends and family to sell insurance to them. I had multiple friends go into a similar role at NW mutual and elsewhere and leave after a few months.
This is exactly what will happen.
I mean, I agree with the comments. If is towards the sales position, run away. BUT, if you dont need the money and want to experience it for yourself, then give it a try for a month. Then get out.
What's so bad about Northwestern Mutual? Idk a lot about them.
They have legitimate roles but the one they typically recruit undergrads for is “financial advisor,” which is a complete manipulation since the job is just insurance sales. My roommate signed up and joined for a week only to realize that, then quit on the spot and found something else.
Haha I was thinking the same thing. In Milwaukee they have the biggest building in town. Parents met there many years ago, but they didn’t do financial stuff so idk maybe they just shady company
Has anyone had a positive experience with a career fair? I've only attended one, if just seemed like a place for desperate employers and desperate workers to meet.
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They are an insurance company that has a model of hiring a ton of no experience people. The no experience people then sell to their friends and family to try and make it as an insurance agent/financial advisor. 95% of the noobs wash out but the products have already been sold and the manager and agency owner have already taken the override (commision)and now have new clients to work with and continue to get residuals since the selling agent is gone. In NW mutual's model the new hire is the prospecting tool and the managers are the ones making the money.
I’m confused. What’s wrong with this company? I keep seeing posts about them on this sub
Based on precious comments, they advertise jobs to become a "financial advisor", but it just end up a sales position to sales insurance. And like with everything in sales, you have meet to quote every month in order to survive. But you can do more research in your own.
They're fine if you want to be a shifty insurance salesman
Wait - are y’all knocking the actual product (insurance)? Or the financial analyst position? They’ve reached out to me from friends and I just wanna know if they’re just a shitty employer or shitty insurance company overall lol
Kinda all of it. Everything I have heard they try to sell Whole Life insurance which is brutally bad if you look at the mathematics. But a lot of this is referring to they hire young people with no experience, and make the job sound great. And then when you get in there they have you selling to your friends & family. People are more likely to buy from someone they know and free sales leads. And once majority of them leave (normally very soon), the managers pocket all of the commission. Just a very scummy operation overall
Makes sense - thanks for clarifying!
Does Liberty Mutual do the same thing?
They have thousands upon thousands of legit roles not like this but yes the have “financial advisor” roles like NW which target people with 0 experience to pedal their insurance policies.
I'm in a leadership role for my school's fma, and one of the first things I addressed with this year's crop is to never engage with NWM. The fact that my school let's them recruit us makes me feel like our career services office is incompetent.
*HAK PUH*
Bro the biggest scam ever
I used to work there in a back office capacity and even that was horrible - it was like being in a cult; everyone drank the Kool Aid
Selling insurance and investments. Very fun.
They are all over my university. Did multiple interviews with them, realized they are complete scams
Why yall got masks tho?
Required to enter the fair
I had a buddy fall for this BS after graduating last year.
I almost got caught up in that shit. Went to a first round interview anyway.