Milwaukee-based Northwestern Mutual Life Insurance Co. Inc. announced on Thursday a new recruiting effort targeted to veterans.
The project includes an increased presence at military veteran career fairs and online resources for veterans looking to make a career transition at www.Northwesternmutual.com/military.
The new initiative leverages locally based training programs and continuing education opportunities.
According to the U.S. Bureau of Labor Statistics, the most recent wave of veterans (categorized as Gulf war-era II, who served from September 2001 through now) face a 10 percent unemployment rate vs. the national average for non-veterans at 7.2 percent (as of September 2013).
“Former soldiers are finding their skills highly transferrable to careers as financial representatives,” said Steve Mannebach, vice president of field growth and development at Northwestern Mutual. “And given their strong leadership qualities, discipline, motivation and desire to help others, we have seen that military veterans are exceptional candidates.”
Northwestern Mutual provides veterans with the opportunity to lead a practice and help people and their families achieve financial security. They also have the opportunity to be an entrepreneur, while continuing to serve and help people.
Northwestern Mutual expects that 75 percent of newly recruited financial representatives will be professionals seeking a career change – a group that often falls in the same age range as military veterans looking for a career path after leaving the service.