Milwaukee-based Northwestern Mutual Life Insurance Co. Inc. announced it will extend its hiring binge into 2013 with plans to add 5,500 financial professionals this year.
The company is recruiting both financial representatives and financial representative interns to meet its increasing demand for financial security planning.
The 2013 recruiting goal comes on the heels of the company surpassing its 2012 goal of recruiting 5,000 financial professionals — making it the second consecutive year that Northwestern Mutual has announced all-time highs for recruiting.
“We exceeded our recruitment goal for 2012 by several hundred, and are excited to increase our goal for this year by several hundred more,” said Steve Mannebach, vice president of field growth and development at Northwestern Mutual.
Mannebach attributes the growth of Northwestern Mutual’s network of financial representatives to the firm’s financial strength and its industry-leading dividends, which the company recently announced would total more than $5 billion in 2013.
Northwestern Mutual expects that more than half of its new financial representatives in 2013 will be “career changers” – professionals who believe they have reached the ceiling in their current occupation and are looking for an opportunity to grow.
“For those with the right background who are looking to start a new career and want to get into financial planning, now is an opportune time,” Mannebach said.