INTERNSHIP DETAILS

Investment Analyst Intern - Private Debt & Equity, Summer 2027

CompanyNorthwestern Mutual
LocationMilwaukee
Work ModeOn Site
PostedJuly 24, 2026
Internship Information
Core Responsibilities
The analyst evaluates direct private equity and debt investment opportunities across various industries. Responsibilities include developing cash flow models, creating investment theses, and assisting senior deal team members in monitoring investments.
Internship Type
full time
Salary Range
$17 - $30
Company Size
38228
Visa Sponsorship
No
Language
English
Working Hours
40 hours
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About The Company
At Northwestern Mutual, our financial advisors are ready to meet you where you are and stay with you long-term. Get financial clarity with a people-first plan designed to uncover new opportunities and potential blind spots. The right time to plan is right now. With $265.0 billion in assets under management, $28.1 billion in revenues, and over $1.8 trillion in life insurance protection in force, we've served more than 4.5 million people through our life, disability income, and long-term care insurance, annuities, brokerage, advisory services, trust services, and discretionary portfolio management solutions. Our wealth management company and investment services manage over $125 billion in client assets. We're proud to support our growing field force of financial advisors across the country, as well as our corporate office employees in Milwaukee and New York. As we continue to grow, we believe diversity makes us stronger in shaping the future of financial security. Explore career opportunities with us: https://jobs.northwesternmutual.com/. Financial representatives and interns are independent contractors, not Northwestern Mutual employees. https://www.northwesternmutual.com/social-media-guidelines
About the Role
Internship candidates can expect a fulltime onsite internship program, running from June 2027 to August 2027.

Carefully selected from universities across the country, our interns bring distinctive ideas and perspectives to our organization. Our employees are passionate about building our emerging talent and future leaders. After application and initial screening conversation, interns are aligned interview and be hired to a specific team at NM based on their skillsets and interests, providing exposure to real-world business perspectives through hands-on learning and meaningful work. In addition to their day-to-day tasks, interns participate in professional development workshops, senior leadership Q&A's, volunteer initiatives, networking/social events, and more!

Private Debt and Equity Analyst Intern

Northwestern Mutual’s Private Debt and Equity group is a committed investor in the private markets, partnering with leading private equity firms and corporations for the past 30+ years. This dedication has led private equity firms and corporations around the world to rely on us to provide the strategic funding necessary to support leveraged transactions and capital investments.

An Investment Analyst with Northwestern Mutual Capital evaluates direct private equity and debt investment opportunities across a broad range of industries. 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 within the organization by coordinating and communicating directly with corporate executives and presenting investment opportunities directly to the senior members of Northwestern Mutual Capital. The Pre-MBA NMC analyst program provides a unique opportunity to engage with NMC’s Private Equity partners, develop a strong analytical framework, and succeed in a high-volume, lean deal team environment.

Bring Your Best! What this role needs. Minimum qualifications

  •  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

Preferred skills and proficiencies

  • 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

Next steps

We encourage you to apply! Once your application is reviewed, if selected to move forward, one of our team members will reach out for a call, where we will learn more about you and share internship opportunities aligning to your interests and skillsets and share any next steps of our recruiting process.

Who we are

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. At Northwestern Mutual, people matter. And you’ll be working for a company that’s consistently voted among the “most admired” in the nation. We invite you to explore your career interests with us.

#LI-Hybrid

Compensation Range:

Pay Range - Start:

$16.50

Pay Range - End:

$30.00

We believe in fairness and transparency. It’s why we share the salary range for most of our roles. Internship salaries are determined based on academic tenure and major. The standard pay structure is listed.


Build a strong career foundation with a best-in-class company that puts our clients' interests at the center of all we do. Get started now!


Northwestern Mutual is an equal opportunity employer that welcomes talented individuals of all backgrounds. We are committed to creating and maintaining an environment in which each employee can contribute creative ideas, seek challenges, assume leadership and continue to focus on meeting and exceeding business and personal objectives.


Key Skills
Financial ModelingAccountingInvestment AnalysisCash Flow ModelingRisk AnalysisPrivate EquityPrivate DebtCorporate DevelopmentEquity ResearchInvestment BankingProblem SolvingWritten CommunicationOral Communication
Categories
Finance & AccountingConsultingManagement & Leadership
Benefits
Professional Development WorkshopsSenior Leadership Q&A'sVolunteer InitiativesNetworking And Social Events