Thrivent Financial Internships: Launching Your Career in Financial Services
Thrivent Financial offers a variety of internship programs designed to provide students with real-world experience and the opportunity to develop skills necessary for a successful career in the financial services industry. These internships are a gateway to potential full-time roles and a valuable stepping stone for those seeking to make a difference in the lives of others through financial guidance.
General Internship Requirements and Opportunities
While there are no explicitly stated specific requirements to qualify for Thrivent internships, the company typically seeks candidates with strong academic performance, demonstrated leadership skills, and involvement in school or community activities. Thrivent is an equal opportunity employer, and all qualified applicants are considered regardless of race, religion, color, sex, gender identity, sexual orientation, pregnancy, national origin, age, disability, marital status, citizenship status, military or veteran status, genetic information, or any other status protected by applicable local, state, or federal law. Thrivent is committed to providing reasonable accommodation to individuals with disabilities.
All 12-week internships at Thrivent are paid, with most being full-time positions. The majority of roles are remote, although some may require on-site presence. These internships provide real-life work experience, allowing interns to build skills crucial for a successful career.
Actuarial Internship Program
Thrivent's actuarial internship is a paid, 12-week immersive program designed to give participants the experience, insights, and projects needed to successfully transition into a full-time role. Interns will apply their academic knowledge to building risk models, analyzing product performance, and contributing to financial strategies, gaining a comprehensive understanding of how their work contributes to Thrivent's overall mission.
The program includes dedicated exam support, such as study time during work hours, coverage of exam fees, and study materials, to help interns progress toward their actuarial certifications. The development continues with the support from a team of over 60 actuaries, many of whom began their careers at Thrivent as interns.
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Successfully completing the internship positions interns for potential selection into a full-time role in Thrivent's structured rotational program. This program provides experience in key areas such as product development, corporate actuarial functions, and asset/liability management.
As an actuarial intern, example projects may include:
- Building a monitoring process to evaluate the performance of Thrivent’s accelerated underwriting program.
- Determining how many years into the future the strain on company earnings from sustained low-interest rates will begin to improve as older business matures and is replaced with new sales.
The actuarial rotational program provides experience across product development, corporate actuarial, and asset/liability management, giving a well-rounded foundation to grow careers at Thrivent.
Fixed Income Real Estate Internship
The Fixed Income Real Estate Intern position supports the research and analysis functions for the Fixed Income Securitized Public and Private Debt and Commercial Mortgage Loans teams. Interns participate in a rotational program between these two teams, gaining exposure to ABS, CLOs, CMBS, MBS, and Commercial Mortgage Loans, with a specific focus on underwriting commercial real estate debt to fit the parameters of a Fortune 500 investment division.
This role involves daily interaction with portfolio managers, traders, and senior research analysts across the two teams, providing exposure to Industrial, Multifamily, Retail, and Office investments in markets across the United States. Thrivent seeks candidates with a strong interest in a career in commercial mortgage underwriting and a knowledge of investment analysis.
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Responsibilities:
- Provide real estate and capital market research support for analyzing and underwriting bond and mortgage investments.
- Monitor credit risk and performance of existing investment holdings.
- Review due diligence documents associated with the origination and closing of mortgage investments.
- Perform independent research on industries and sectors within the real estate and fixed income markets.
- Participate and contribute to all aspects of the investment process, including meetings with issuers and management.
Qualifications:
- Rising juniors and seniors with a demonstrated history of strong academic performance who are pursuing a Real Estate degree.
- Working knowledge of accounting, finance, corporate strategy, real estate, and financial statistics with a working knowledge of underwriting commercial properties.
- Strong written and verbal communication, analytical problem-solving, decision-making, and mathematical skills.
- Ability to take work direction from various leaders as well as work independently.
- Working knowledge of Microsoft Office suite including Excel. Experience with Argus and investment tools such as FactSet, Aladdin, and/or Bloomberg is a plus.
- Ability to work full time during the summer.
The hourly wage range for this full-time role is \$25.00-\$30.00 per hour, factoring in various geographic regions. The base pay offered will be determined by factors including location, relevant experience, skills, knowledge, business needs, market demand, and other factors Thrivent deems important. The program includes competitive compensation and a full intern event program, including development, networking, and social activities. The location for this internship is Minneapolis, MN.
Field Internship
Thrivent is seeking Field interns to shadow financial advisors and participate in training programs, preparing them for future opportunities in financial advising. This internship provides the opportunity to shadow seasoned financial advisors, participate in a robust training program with other interns, and support Thrivent’s involvement through community events and generosity activities.
Responsibilities:
- Participate in a robust orientation and training program
- Shadow financial advisors during client meetings, workshops, community events, and daily work
- Learn to prepare financial plans and analyses
- Gain exposure to MoneyGuidePro, Morningstar, and other financial planning software platforms
- Participate in team meetings that include weekly activity updates, new trends, and concepts
- Observe regional seminars and workshops
- Attend virtual seminars with corporate employees to better understand the industry and the profession
- Work with the Engagement Team to develop a strategy to integrate Thrivent’s generosity programs
- Collaborate with other interns to research and present a project, based on best practices in building a financial services business
Qualifications:
- College junior or senior working toward a degree in business, finance, marketing, or related field
- Strong technical computer aptitude and knowledge of business tools (MS Outlook, Word, Excel, PPT)
- Strong analytical and problem-solving skills; oral and written communication skills
Thrivent: A Purpose-Driven Organization
Thrivent Financial is a faith-based, not-for-profit financial services organization with approximately 2.3 million members. As the nation’s largest fraternal benefit society, Thrivent exists solely to help others, empowering lives of service and faith. At Thrivent, finances are viewed as a force for good. They are committed to providing financial advice, investments, insurance, banking, and generosity programs to help people make the most of all they’ve been given.
Thrivent’s long-term growth depends on attracting, rewarding, and retaining people who are committed to helping others thrive with purpose. They accomplish this by offering a wide variety of market-competitive compensation programs to attract, reward, and retain top talent.
Benefits of a Thrivent Internship
- Real-World Experience: Interns gain hands-on experience by applying their academic knowledge to real-world projects and tasks.
- Skill Development: Internships provide opportunities to develop and refine essential skills, such as analytical thinking, problem-solving, communication, and teamwork.
- Networking: Interns interact with professionals in the financial services industry, building valuable connections that can help them advance their careers.
- Career Advancement: Successful completion of an internship can lead to full-time employment opportunities at Thrivent.
- Purpose-Driven Work: Thrivent's commitment to helping others thrive provides interns with a sense of purpose and fulfillment.
- Competitive Compensation: All internships are paid, and the compensation is competitive.
- Training and Development: Thrivent invests in its interns by providing comprehensive training and development programs.
- Mentorship: Interns receive guidance and support from experienced professionals who serve as mentors.
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