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Internship Business Development information

What would a business development intern do?

A business development intern supports the growth of a company by researching market opportunities, assisting with client outreach, preparing sales materials, and analyzing industry trends. They often use tools like CRM software and may work closely with sales and marketing teams to help generate leads and build partnerships.

What is the difference between Internship Business Development vs Business Development Associate?

AspectInternship Business DevelopmentBusiness Development Associate
CredentialsTypically pursuing or recent graduate, no formal certification requiredBachelor's degree often required; some roles prefer experience or certifications in sales or marketing
Work EnvironmentInternship setting, often part-time or temporary, supervised by senior staffFull-time, professional environment with more responsibilities
Employer & Industry UsageCommon in startups, large corporations, and consulting firms for entry-level trainingUsed across industries for entry to mid-level roles in sales, marketing, and client relations

In summary, Internship Business Development is an entry-level, temporary role designed for students or recent graduates gaining initial experience. Business Development Associate is a full-time position requiring more skills and responsibility, suitable for those looking to build a career in sales or client acquisition.

How to get into business development with no experience?

To enter business development with no experience, focus on developing skills such as communication, sales, and market research through online courses or internships. Gaining familiarity with CRM tools and networking can also improve your chances, as many roles value transferable skills and a proactive attitude.

How much do BD interns typically earn?

Business Development interns typically earn between $15 and $25 per hour, depending on the company, location, and level of experience. Some internships may offer stipends or hourly wages, and compensation can vary based on industry and whether the internship is paid or unpaid.

What are Internship Business Development roles?

Internship Business Development roles are entry-level positions where interns support the growth of a company by identifying new business opportunities, building client relationships, and assisting with market research. Interns typically work closely with senior business development staff to learn about sales strategies, partnership development, and industry trends. These internships offer valuable hands-on experience in business strategy, communication, and networking, which can pave the way for future full-time roles in business development or related fields.

What types of projects or tasks can an intern expect to handle in a business development role?

As a business development intern, you'll typically support initiatives such as market research, identifying potential clients or partners, preparing sales presentations, and assisting with outreach campaigns. You may also help analyze industry trends, contribute to proposal development, and participate in team meetings to brainstorm growth strategies. This hands-on experience allows you to develop practical skills in communication, relationship-building, and strategic thinking while working closely with experienced professionals in sales and marketing.

What is the role of a business developer intern?

A business development intern supports the growth of a company by researching market opportunities, assisting with client outreach, and helping develop strategies to expand the business. They often use tools like CRM software and may gain experience in sales, marketing, and industry analysis during their internship. The role provides practical exposure to business growth processes and requires strong communication and analytical skills.

What are the key skills and qualifications needed to thrive as an Internship Business Development professional, and why are they important?

To excel as an Internship Business Development professional, you need a solid understanding of market research, lead generation, and basic sales principles, often supported by a relevant degree or coursework in business or marketing. Familiarity with CRM software, data analysis tools, and proficiency in Microsoft Office are commonly required technical skills. Strong interpersonal communication, initiative, and adaptability help interns build relationships and succeed in dynamic environments. These skills are crucial for identifying opportunities, supporting growth strategies, and contributing to team goals in a competitive business landscape.
What are the most commonly searched types of Business Development jobs in Indiana? The most popular types of Business Development jobs in Indiana are:
What cities in Indiana are hiring for Internship Business Development jobs? Cities in Indiana with the most Internship Business Development job openings:
Internship Business Development jobs near you
College Financial Representative, Internship Program

College Financial Representative, Internship Program

Northwestern Mutual

Carmel, IN • On-site

$500/wk

Contractor, Internship

Medical, Life

Posted 11 days ago

Northwestern Mutual rating

8.0

Company rating: 8.0 out of 10

Based on 71 frontline employees who took The Breakroom Quiz

144th of 262 rated insurance

Job description

Overview
College Financial Representatives in the internship program at Northwestern Mutual are provided guidance, connection, and a framework for building an integrated financial planning practice from the ground up. Our college financial representatives, who come from varying academic backgrounds and experiences, begin to build a financial planning practice while engaging local and nationwide experts, exclusive financial products, and the support of a Fortune 500 company. You will have the opportunity to build your confidence, develop a professional network, and help people achieve financial freedom. Here, hard work pays off!
Responsibilities
Our internship program mimics our full-time Financial Representative career, allowing you to:
  • Learn how to prospect and network to build your business and client base
  • Develop and execute on a business strategy
  • Call on potential clients and set meetings to understand their financial goals
  • Prepare plans and offer useful recommendations
  • Gain exposure to proprietary planning software platforms
  • Engage in weekly coaching, training, and development meetings
  • Receive Risk Product State Licensing: Life, Accident, and Health
  • Build life skills that create future career opportunities

As a Northwestern Mutual College Financial Representative, you can expect a flexible schedule to work around your life and your classes. With the option to participate in our internship program year-round, you can continue to grow your practice and obtain support for registrations and certifications such as the Series 6 & 63 or CFP®. Get inspired at local and national recognition events, earn access to leadership programs, and collaborate with experts in our business. In fact, you'll find diverse resources across our culture to ensure that you experience personal and professional growth in this program. With interest, eligible students have an opportunity to interview for a full-time Financial Representative or Advisor role upon graduation.
#LI-Onsite
Qualifications
Are you a fit for this internship?
  • Full-time student; juniors and seniors preferred
  • Entrepreneurial ambitions and curiosity for sales
  • Highly involved on campus (leader, athlete, campus orgs, student government, etc)
  • Excellent time-management skills
  • Interest in financial literacy and planning tools
  • Business savvy and desire to increase critical thinking abilities

Compensation & Benefits
  • Performance-based earnings and revenue
  • Learning and Development Incentives (up to $1000/month, not inclusive of earned commissions)
  • Productivity Bonuses
  • Support for insurance licensing (life, health, DI, LTC)
  • Support for SIE, Series 6, Series 63 registrations (eligibility required)

About Us
For over 165 years, we have helped our clients spend their lives living through comprehensive and innovative financial planning. We combine the expertise of our financial professionals with personalized digital experience and industry-leading products to give our clients the ability to successfully navigate their financial lives.
Our tailored approach includes multiple financial strategies-insurance, investments, and annuities-built to reinforce each other, keeping our clients consistently on track to meet goal after goal. We lead with unmatched financial strength and access to the best products and services for our clients.
Our Financial Representatives and College Financial Representatives are valued partners and proud business owners. As such, they are considered independent contractors1 for income tax purposes, and a "statutory employee" for Federal Insurance Contributions Act (FICA) tax purposes.
As a company, we value an inclusive and belonging workplace where everyone's unique viewpoints bring new successes. We strive to create teams that reflect our customers and communities, fostering an environment where all employees are welcomed, valued, and heard.
Why join Northwestern Mutual
  • Fortune 500 company (2023)
  • Top 100 Internship Programs, Yello x WayUp (2022)
  • 5.0+ million clients and growing2
  • $257 billion retail investment client assets held or managed by Northwestern Mutual3
  • Forbes' Best Employers for Diversity (2018-2021)
  • Unsurpassed financial strength4
  • Best Place to Work for LGBTQ+ Equality- Human Rights Campaign Corporate Equality Index (2015-2021)

1 Northwestern Mutual College Financial Representatives are Independent Contractors whose income is based on production. If offered to apply for approval of an intern contract to become a Northwestern Mutual College Financial Representative, a national criminal background check is required. Should the background check results provide information which would not allow someone to work for Northwestern Mutual, approval to contract will be withdrawn.
2 As of June 30, 2023
3 Combined client assets of NMIS and NMWMC as of June 30, 2023
4 Among U.S. life insurers. Ratings are for The Northwestern Mutual Life Insurance Company and Northwestern Long Term Care Insurance Company, as of the most recent review and report by each rating agency. Ratings as of: 06/23 (Moody's Investors Service), 08/23 (A.M. Best Company), 08/23 (Fitch Ratings), 05/23 (S&P Global Ratings)
Pay Range
USD $500.00 - USD $1,000.00 /Yr.

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About Northwestern Mutual

Sourced by ZipRecruiter

Northwestern Mutual has been helping families and businesses achieve financial security for over 160 years through a distinctive planning approach that integrates risk management with wealth accumulation, preservation, and distribution. With more than $290 billion in assets, $30 billion in revenues and more than $1.9 trillion worth of life insurance protection in force, Northwestern Mutual delivers financial security to more than 4.6 million clients. People are the power behind Northwestern Mutual, and diversity makes us better. We are committed to reflecting and serving the marketplace. We do so by attracting and improving the engagement of those who bring their outstanding perspectives, ideas, and beliefs.

Industry

Finance and insurance

Company size

5,001 - 10,000 Employees

Headquarters location

Milwaukee, WI, US

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