Northwestern Mutual?

5,719 Views | 11 Replies | Last: 13 yr ago by HouseDivided06
slider676
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Does anyone else have any experience with this company? It seems like a scam and they are just trying to get you to sell insurance to your friends and family for them. The first questions they asked in an interview were how big my family was and what they did for a living.
AsianAggie07
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Had an interview with them for an internship in the press box at kyle field. We talked and thought everything was great. Answered all the question with ease and asked plenty of questions. She said she would email me additional information on the next step of the hiring for the intern. I'm still waiting for the additional information to this day.

Mind you this was 2-3 years ago.

[This message has been edited by asianaggie07 (edited 4/7/2012 3:08p).]
MRB10
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It's not a scam per say, they just know that only about 5% of their interns actually stick around after. They train you, pay for your certification, and pay you for performance, so it's definitely not a scam. Do they understand that the business you do sell will likely just be transferred to another rep afterwards? Absolutely.

Yes, I completed an internship with them.
thirty-two
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It's a sales job. If you are good at sales and have a passion for helping people reach their financial goals, then this might be a good place to work. I think their retention rate is low because most folks just can't cut it. You have to be willing to accept rejection about 90% of the time, and have to be willing to harass your friends and family for potential clients. I have a friend that does this and makes a very, very nice living. He's always trying to sell me a cash value life policy. And I'm always telling him no.
The Lost
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quote:
It's a sales job. If you are good at sales and have a passion for helping people reach their financial goals, then this might be a good place to work. I think their retention rate is low because most folks just can't cut it. You have to be willing to accept rejection about 90% of the time, and have to be willing to harass your friends and family for potential clients. I have a friend that does this and makes a very, very nice living. He's always trying to sell me a cash value life policy. And I'm always telling him no.


This is what I've heard from people that worked there... Also pretty much what I got from interviewing with mutual of omaha... Had no desire to do it though as you pretty much just sell their predetermined plans
Bob Kelso
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High risk, high reward job. The lows are low as well. I'd rather have consistency.
JoeOlson
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quote:
Had an interview with them for an internship in the press box at kyle field. We talked and thought everything was great. Answered all the question with ease and asked plenty of questions. She said she would email me additional information on the next step of the hiring for the intern. I'm still waiting for the additional information to this day.


From what I've heard, I think they won't hire you unless you follow up basically asking for the job. (Simulating the "sales instinct" or some other jargon like that)

I could be completely wrong though...I actually happened to interview them as well; but, I just couldn't bring myself to sell to my family and friends. I can see it working very well if you are comfortable with that or have a rich uncle, etc.
txaggie_2011
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I did the internship with them last summer... I enjoyed the internship but knew I would hate that kind of sales for a career... I recommend trying the internship when people ask me. Thirty-two is pretty spot on. Sales, yes. Scam, no.
Swede
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If you're going to do sales, find a B2B sales job and not B2C. In B2C you end up alienating everyone you know because you're tagged for always trying to sell them something rather than just talking to them. Insurance is one of those industries. I have several friends in the industry and while I still like them, I didn't want to talk to them until they got successful enough that they no longer harass me about buying from them.
pauldis
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Completely agree with Swede - I interned there two summers ago, and at the time I wanted to do Financial Planning as a career - found out it was definitely not for me. B2C is not a great way to sell things, and I wasn't willing to sacrifice relationships with my friends and family for something I knew would only last a summer.

There were folks that continued on and did well, but I'm glad it didn't work out for me.
Fightin_Farmer
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quote:
The first questions they asked in an interview were how big my family was and what they did for a living.


LOL. Northwestern Mutual is the biggest chop shop around. Avoid their phony "opportunity", aka internship program. BTW, they will always refer to it is "the opportunity" like you are about to hit it rich. I guess they can wrangle a few more dumb college students that way.

Here's how it works. They recruit a lot of "interns" and then demand that the interns hard sell their families and friends on crappy insurance products. Obviously, you'll exhaust that contact list quickly, and then figure out that door-to-door insurance sales SUCKS. So you'll quit. But NWM keeps your contact list and continues to sell your friends and family. It's basically free leads for them.

Please avoid this dumb company. If you're an Aggie you can do so much better.
progress
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FF where / which office did you do this with?
HouseDivided06
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Wow, FF must have been with a terrible office. My brother works for NWM and LOVES it. He did not do the internship, but my brother has never gone door to door and actually doesn't focus on family or friends at all. Those are the hardest people to sell to, not to mention the most awkward people to ask for money. NWM stresses 3 levels of connections: the people you know, the people THOSE people know, and the people that THOSE people know. They tell you to meet with the first circle to get to the second circle, and then focus on the second and third circles. Of course in the meantime you WILL sign some in the first circle, but the people who focus on that first circle do not succeed because it is so limited. As far as crappy insurance, that is just false. NWM prides itself on the good rate of return they get on their whole life policies and their quick pay out and integrity. Sorry you had a bad experience, but the other people I know (not just my brother) with NWM really enjoy it.
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