Summer 2027

Investment Analyst Intern

Private Debt & Equity

Posted on 7/24/2026

Northwestern Mutual

Northwestern Mutual

10,001+ employees

Mutual insurance and financial planning

Compensation Overview

$16.50 - $30/hr

No H1B Sponsorship

Milwaukee, WI, USA

In Person

On-site internship; in Milwaukee, Wisconsin, USA, June–August 2027.

Category
Quantitative Finance (1)
Required Skills
Fixed Income Securities
Investment Banking
Financial Modeling

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Requirements
  • Pursuing a Bachelor's degree in Finance, Accounting, Economics, Mathematics, or related field from an accredited college or university with a graduation date between December 2027-May 2028
  • Cumulative grade point average of 3.5 or higher
  • Previous work or classroom experience in one or more of the following: Investment Banking, Equity Research, Private Equity, and/or Corporate Development
  • Employer immigration sponsorship is not available for this role
Responsibilities
  • The analyst works alongside senior deal team members to assist in all aspects of the transaction, including analyzing, modeling, and monitoring investments
  • The role offers a diversified exposure to private equity and fixed income investing, and analysts are heavily involved in the development of cash flow models, investment theses, and various risk analyses
  • As analysts develop in the role, they are expected to take on more responsibility by coordinating and communicating directly with corporate executives and presenting investment opportunities directly to the senior members of Northwestern Mutual Capital
  • The Pre-MBA Northwestern Mutual Capital analyst program provides an opportunity to engage with Private Equity partners, develop a strong analytical framework, and succeed in a high-volume, lean deal team environment
  • After selection to move forward, interns will be aligned to a specific team at Northwestern Mutual based on skillsets and interests, providing exposure to real-world business perspectives through hands-on learning and meaningful work
Desired Qualifications
  • Previous Private Debt & Equity internship and/or relevant project experience
  • A broad knowledge of investments, an understanding of economic forces affecting a wide range of industries, proficiency in accounting, strong financial modeling skills, and intellectual curiosity
  • Effective oral and written communication skills
  • Demonstrated analytical and problem-solving ability
  • High degree of self-motivation, passion, and a drive to learn
  • Ability to balance multiple priorities

Northwestern Mutual provides financial planning, insurance, and investment services as a mutual company owned by policyholders. It offers life, disability, and long-term care insurance plus investment products and wealth management, with financial advisors crafting personalized plans for retirement, estate, and wealth goals. The company differentiates itself through policyholder ownership that aligns interests with clients and a focus on long-term advisory relationships beyond insurance. Its goal is to help clients achieve financial security and growth through a long-term financial partnership.

Company Size

10,001+

Company Stage

N/A

Total Funding

N/A

Headquarters

Milwaukee, Wisconsin

Founded

1856

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Simplify Jobs

Simplify's Take

What believers are saying

  • Rising $1.46M retirement magic number drives demand for planning services.
  • "$24,500" 401k limit increase expands advisory opportunities on savings.
  • "$3M" Milwaukee housing grant strengthens local brand loyalty by 2030.

What critics are saying

  • 2.7% sticky inflation compresses client risk tolerance and yields.
  • Fed hikes by Oct 2026 will depress annuity and whole-life sales.
  • Digital insurers cut term premiums by 40%, threatening mid-market monopoly.

What makes Northwestern Mutual unique

  • Mutual model owned by 5M+ policyholders ensures long-term client alignment.
  • "$9.2B" 2026 dividend is largest in industry, boosting retention at 97%.
  • "$2.5T" life insurance in force shows dominant core segment momentum.

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Benefits

Growing your Career

Compensation & Time Off

Insurance plans

Health Savings Account

Wellness programs & resources

401(k) plan and cash balance contributions

Company News

PR Newswire
Apr 14th, 2026
Northwestern Mutual pledges $3M+ to build 90 affordable homes in Milwaukee's Amani neighborhood

Northwestern Mutual has committed more than $3 million over three years to construct over 90 affordable homes in Milwaukee's Amani neighbourhood. The investment supports the company's goal of completing 500 affordable homes in Milwaukee by 2030. The funding is part of the City of Milwaukee's 2026 "Year of Housing" initiative and involves partnerships with Dominican Center, Amani United, Community Development Alliance, Milwaukee Habitat for Humanity and other local organisations. In Amani, where over 64% of homes were built before 1940 and only 32% of residents own homes, the project aims to expand homeownership and economic advancement. Since 2020, Northwestern Mutual has provided more than $10 million in housing grants across Milwaukee, supporting new construction, repairs, counselling and food access.

PR Newswire
Mar 25th, 2026
Northwestern Mutual ranks 6th independent broker-dealer with $400B+ assets under management

Northwestern Mutual has been ranked sixth among the nation's independent broker-dealers by Financial Advisor magazine, maintaining its streak of top-10 placements for over a decade. The company's gross revenue reached nearly $3.5 billion at the end of 2025, up more than 15% year-over-year. Client assets under management now exceed $400 billion, whilst wealth sales increased more than 18% year-over-year, marking the third consecutive record high. The company's advisor network has grown to over 8,000 full-time advisors and 11,500 team members. In 2025, Northwestern Mutual added over 3,400 new financial representatives in a record recruiting year. The company, which has been operating for more than 165 years, manages more than $780 billion in total assets and serves over five million people.

The Associated Press
Mar 24th, 2026
Sabina Khoja appointed managing director at Northwestern Mutual after 10 years in financial services

Sabina Khoja, a financial advisor with over a decade of experience, has been appointed managing director at Northwestern Mutual, marking a significant milestone in an industry where women remain vastly underrepresented in leadership. Khoja began her career directly out of college, an exceptionally uncommon pathway among financial services leaders. The appointment follows ten years of consistent performance and practice growth, including recognition through a Forbes-ranked advisory practice. In her new role, Khoja will formally grow and lead a team of advisors, focusing on mentorship and expanding access to financial services in underserved markets whilst developing Northwestern Mutual's Atlanta district presence. Research shows women represent a small percentage of financial advisors, with fewer still remaining beyond ten years or reaching leadership positions.

PR Newswire
Mar 23rd, 2026
Northwestern Mutual sees 35% increase in Barron's Top 1,500 advisors, managing $780B in assets

Northwestern Mutual announced that 23 of its financial advisors were included in Barron's Top 1,500 list, representing a 35% increase from 2025. The prestigious, data-driven ranking evaluates advisors on assets, revenue, growth, client retention, experience and regulatory records. The company's field force has grown to more than 8,000 full-time advisors, the largest in its nearly 170-year history. In 2025, Northwestern Mutual recruited over 3,400 new financial representatives, marking its 14th consecutive year of growing veteran advisor numbers. Northwestern Mutual manages more than $780 billion in total assets and delivers financial security to over five million people through insurance, annuities and investment services. The company ranked 109 on the 2025 Fortune 500 list.

PR Newswire
Feb 25th, 2026
Northwestern Mutual hits record $40B revenue, $10B operating gain and $42B surplus in 2025

Northwestern Mutual has announced record 2025 financial results, with revenue exceeding $40 billion for the first time and operating gain surpassing $10 billion. The company's total surplus grew by over $2 billion to exceed $42 billion, driven by strong investment performance and business fundamentals. The Milwaukee-based financial services company declared a record dividend payout of $9.2 billion for 2026, marking a $2.4 billion increase over three years. Northwestern Mutual maintained its position as the largest direct provider of individual life insurance, with nearly $2.5 trillion in death benefits in force. Retail investment client assets reached an all-time high, eclipsing $400 billion. The company's network of financial advisors grew to a record 8,000 full-time advisors. Northwestern Mutual has earned elite financial strength ratings from all four major ratings agencies for 35 consecutive years.