Investment Analyst Intern - Private Debt & Equity, Summer 2026

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

Internship candidates can expect a fulltime onsite internship program, running from June 2026 to August 2026.

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 2026 - June 2027
• 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

Required Certifications:

Compensation Range:

Minimum:

$16.50

Midpoint:

$23.25

Maximum:

$30.00

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

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!