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Quantitative Finance MS/Masters Internship, Summer 2023

At Northwestern Mutual, we are strong, innovative and growing. We invest in our people. We care and make a positive difference.

Job Description

Internship candidates can expect a fulltime onsite internship program, running from June 1, 2023 to August 11, 2023.  This internship opportunity is offered in Milwaukee, WI and Franklin, WI. Internship candidates who are relocating for the summer internship opportunity are eligible for round-trip airline/train travel and mileage reimbursement to and from your internship location and company-provided housing for the duration of the summer internship program in accordance with the company’s relocation policy. 

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!  

Quantitative Finance Internship   

As a Quantitative Finance Intern, you will work alongside your hiring manager, mentor, and team to complete tasks critical for Northwestern Mutual's success. This role is on the Quantitative Research & Analytics Team, helping to manage investment risk in the portfolio. We are here to help you both identify and continue to develop your future career goals and passions. See below for job responsibilities:

  • Participate in calculating Value at Risk for all portfolios and the total investment portfolio of Northwestern Mutual

  • Produce and validate fixed income portfolio and benchmark analytics

  • Participate in implementing automated solutions and new models

  • Analyze and interpret output from investment risk models for integration into the investment risk management decision process

  • Participate in preparing various investment risk management reports

Bring Your Best! What this role needs. Minimum qualifications  

  • Pursuing a Masters degree in Finance, Financial Engineering, Financial Math, Quantitative Economics or related field from an accredited college or university 

  • Cumulative grade point average of 3.0 or higher 

  • Previous work or classroom experience in one or more of the following: Finance, Accounting, Investments, Asset Pricing, Investment Risk Management, Portfolio Optimization, or related field

  • Employer immigration sponsorship is not available for this role

Preferred skills and proficiencies  

  • Experience with Power BI, Python, R, VBA, MATLAB, or related platform

  • 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  

Grow your career with a best-in-class company that puts our client’s interests at the center of all we do. Get started now!

W e are an equal opportunity/affirmative action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender identity or expression, sexual orientation, national origin, disability, age or status as a protected veteran, or any other characteristic protected by law.

If you work or would be working in Colorado or outside of a Corporate location, please click here for information pertaining to compensation and benefits.


We’re excited about the potential people bring to Northwestern Mutual. You can grow your career here while enjoying first-class perks, benefits, and commitment to diversity and inclusion.