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 Northwestern Mutual 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! The internship position is located in Milwaukee, Wisconsin. Relocation benefits are provided to non-local interns.

Real Estate Summer Associate

As a Real Estate Summer Associate, you will work alongside your hiring manager, mentor, and team to complete tasks critical for Northwestern Mutual's success. We are here to help you both identify and continue to develop your future career goals and passions.

Northwestern Mutual Real Estate Investments (NMRE): NMRE is responsible for the property investments of the Northwestern Mutual Life Insurance Company. Northwestern Mutual is one of the largest investors of commercial real estate in the U.S., with a diversified portfolio across U.S. markets and major property types. Job duties can include:

· Providing underwriting and due diligence support on proposed new debt and equity investments.

· Leading the investment underwriting process in the home office, coordinating with multiple functional units – Architecture, Environmental, Law, Closing, Insurance and Tax.

· Working with investment production professionals in a designated field office to prepare deal submissions, review due diligence materials and gather additional information as needed.

· Developing a solid understanding of property-level data, market fundamentals and deal terms on multiple transactions.

· Preparing and maintaining loan pricing and equity return models.

· Preparing final underwriting documents for, and presenting investments to, senior management for final approval.

· Assisting field office personnel with ongoing monitoring of investments, including the review and analysis of servicing requests.

· Some travel is required.

Bring Your Best! What this role needs. Minimum qualifications

· Pursuing a Master’s degree or MBA, preferably with an emphasis in Real Estate, Finance, or Accounting, graduating December 2025/May 2026.

· Two years of experience in commercial real estate investment, development, asset management or mortgage lending.

· Cumulative grade point average of 3.3 or higher.

· Previous work or classroom experience in one or more of the following: fundamentals of real estate valuation, finance, accounting, property-level due diligence, real estate law and construction.

· Understanding of current market conditions as they relate to U.S. commercial real estate sectors and geographical locations.

· Proficiency with Microsoft Excel; experience with Argus or other DCF modeling software a plus.

· Employer immigration sponsorship is not available for this role.

Preferred skills and proficiencies

· Previous Real Estate internship and/or relevant project experience.

· 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.

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 $300 billion in assets, $35 billion in revenues, and more than $2.3 trillion worth of life insurance protection in force, Northwestern Mutual delivers financial security to more than five 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.

Required Certifications:

Midpoint:

Pay rates for internships are determined based on academic tenure and major.

Northwestern Mutual pays on a geographic-specific salary structure and placement in the salary range for this position will be determined by a number of factors including the skills, education, training, credentials and experience of the candidate; the scope, complexity as well as the cost of labor in the market; and other conditions of employment. At Northwestern Mutual, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. Please note that the salary range listed in the posting is the standard pay structure. Positions in certain locations (such as California) may provide an increase on the standard pay structure based on the location. Please click here for additional information relating to location-based pay structures.

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

We 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 California, Colorado, New York City, Washington or outside of a Corporate location, please click here for information pertaining to compensation and benefits.