Expecting to be financial advisers at the Fortune 500 firm, some hires say they were ‘gaslit’ into peddling ‘terrible’ life insurance to all their contacts
Northwestern Mutual likes to think of itself as a storied American institution offering specialized financial advice. The 168-year-old financial giant, ranked 109 on the Fortune 500, and regularly anointed one of the World’s Most Admired Companies by the magazine, describes its financial advisers as “expert listeners” or a “trusted partner who helps you continue to reach goal after goal”.
It also tops Forbes’s list of Best Employers for New Grads, a title that makes it attractive to hundreds of college students desperate for an internship that could launch them into a career in financial services. Each year they file into Northwestern’s glassy offices across the country for a three-month internship that they hope could change their lives. There, they are slotted in beside thousands of full-time “financial representatives”, many of them recent graduates themselves.
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