Real Estate Analyst Intern, Summer 2027

Northwestern Mutual; Milwaukee (WI); On-site; USD 22,000 - 41,000; Full time

Benefits offered by this job

Relocation benefits

Professional development workshops

Job summary

Northwestern Mutual invites applicants for a Real Estate Analyst Internship in Milwaukee, WI. The paid, full-time onsite program runs June 2027 to August 2027, pairing interns with a manager and team for hands-on experience in underwriting and investment analysis.

Interns join Real Estate as part of Northwestern Mutual’s portfolio investments, with exposure to data, market fundamentals, and deal submissions.

Qualifications

• Pursuing a Bachelor’s degree in Real Estate, Finance, Accounting or related field; graduating December 2027 or May 2028
• GPA of 3.3 or higher
• Experience in real estate valuation, finance, accounting, due diligence, or real estate law and construction
• Proficiency with Microsoft Excel; experience with Argus or other DCF modeling software is a plus
• No employer sponsorship for immigration for this role

Responsibilities

• Provide underwriting and due diligence support on proposed new debt and equity investments
• Participate in the investment underwriting process in the home office with cross-functional teams
• Prepare deal submissions and gather & review due diligence materials
• Develop understanding of property-level data, market fundamentals and deal terms on multiple transactions
• Prepare and maintain loan pricing and equity return models
• Prepare final underwriting documents for senior management review and approval
• Assist field office staff with investment monitoring and servicing reviews
• Some travel is required

Skills

Excel

Analytical thinking

Communication skills

Attention to detail

Team collaboration

Education

Bachelor’s degree in Real Estate, Finance, Accounting or related field

Tools

Argus

DCF modeling software

Job description

Job Description

Internship candidates can expect a full-time onsite internship program, running from June 2027 to August 2027.

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. Interns are aligned 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, 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 Analyst Internship

As a Real Estate Analyst Intern, 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 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 debt and equity portfolio exceeding $60 billion diversified across U.S. markets and all major property types. Interns can expect to:

• Provide underwriting and due diligence support on proposed new debt and equity investments.
• Participate in the investment underwriting process in the home office, coordinating with multiple functional units - Architecture, Environmental, Law, Closing, Insurance and Tax.
• Work with investment production professionals in real estate field offices to prepare deal submissions, review due diligence materials and gather additional information as needed.
• Develop a solid understanding of property-level data, market fundamentals and deal terms on multiple transactions.
• Prepare and maintain loan pricing and equity return models.
• Prepare final underwriting documents for, and present investments to, senior management for final approval.
• Assist 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 Bachelor’s degree in Real Estate, Finance, Accounting or related field from an accredited college or university. Graduating in December 2027 or May 2028.
• 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.
• 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.

Compensation Range:

Pay Range - Start:

$16.50

Pay Range - End:

$30.00

We believe in fairness and transparency. It’s why we share the salary range for most of our roles. Internship salaries are determined based on academic tenure and major. The standard pay structure is listed.

Northwestern Mutual is an equal opportunity employer that welcomes talented individuals of all backgrounds. We are committed to creating and maintaining an environment in which each employee can contribute creative ideas, seek challenges, assume leadership and continue to focus on meeting and exceeding business and personal objectives.