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"There's a high-demand for trained financial professionals, and our forecasts show that demand will continue to climb in the foreseeable future," said Mannebach. "With the market uncertainty and confusing options, people are seeking guidance and clarity in their long-term planning."
Northwestern Mutual recruited more than 5,500 financial representatives in 2013 – marking the third consecutive year the company surpassed record highs for recruiting. The company's 2014 goal stands out in today's challenging economy where job growth has declined and the national unemployment rate is 6.7%, according to the recently released jobs numbers for December.
Mannebach attributes the growth of Northwestern Mutual's network of financial representatives in part to the company's financial strengthratingsand its industry-leading dividends, which the company recently announced would total a record of more than
Northwestern Mutual expects that more than half of its new financial representatives in 2014 will be "career changers" – professionals who believe they have reached the ceiling in their current occupation and are looking for more opportunities to grow.
"For those with the right background who are looking to start a new career and want to get into financial planning, now is an opportune time to join an organization that is experiencing significant growth and tremendous success in the industry," said Mannebach.
Each financial representative immediately receives training, mentoring and joint work programs for hands-on experience. Financial representatives also have access to ongoing education resources on the latest industry information and advanced professional designations.
Career seekers can contact a nearby Northwestern Mutual office to learn more about a financial representative career by visiting: http://www.northwesternmutual.com/find-an-office.aspx.
Military Veterans Ideal Fit
Northwestern Mutual has also found that many military veterans looking for a career after completing their military service have found a compelling and desirable option as a financial representative.
"Military veterans' strong leadership qualities, discipline, motivation and desire to help others are highly transferrable skills to careers as financial representatives," said Mannebach.
Northwestern Mutual's newly launched military recruitment website highlights opportunities for interested veterans, including training and development programs, rewards and benefits, as well as testimonials from veterans who made the transition.
Top-Ranked Internship Program
Northwestern Mutual's financial representative internship program for students exploring a career in financial services has been recognized for the past 18 years as one of the top ten programs nationwide by the
Company Receives Numerous Honors
Capping off a milestone year, Northwestern Mutual also received the following recognitions:
- Named one of the "World's Most Admired" life insurance companies by FORTUNE® magazine. (
Feb. 28, 2013)
- Recognized in Training Magazine's "Training Top 125" as having one of the best training and development programs in the country. (
- Awarded highest financial strength ratings to any life insurer by all four of the major credit rating agencies:
A.M. Best Company, A++ (highest) April 2013; Fitch Ratings, AAA (highest), August 2013; Moody's Investors Service Aaa (highest), July 2013; and Standard & Poor's AA+ (second highest), June 2013. Ratings are subject to change.
- Recognized as a top 10 independent broker-dealer, as measured by total annual revenues, in leading investment industry publications Investment Advisor magazine (June 2013), Financial Planning magazine (
June 2013) and Financial Advisor magazine. ( April 2013)
- Ranked first in the insurance industry and 11th overall among service companies in Selling Power Magazine's annual "50 Best Companies to Sell For Now" list. (Oct/Nov/
Learn more about Northwestern Mutual Careers by viewing the following videos on
- A Day in the Life: Recent College Graduate @ Northwestern Mutual
- A Day in the Life: Financial Representative Intern @ Northwestern Mutual
- A Day in the Life: Career Changer Joining Northwestern Mutual
About Northwestern Mutual
Northwestern Mutual is among the "World's Most Admired" life insurance companies in 2013 according to FORTUNE® magazine and has helped clients achieve financial security for more than 156 years. As a mutual company with
Northwestern Mutual is the marketing name for
*The policy dividend is reviewed annually by the company's
SOURCE Northwestern Mutual