Internship@MassMutual
is an internship program specially designed for university students and sponsored by MassMutual Asia since 2012
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MassMutual Asia is a member of the US-based MassMutual Financial Group, which has over 160 years of experience in risk- and wealth-management services, and is the flagship company for the group's development in the Asia region
With the spirit of “Where Dreams Are Made”, MassMutual Asia is dedicated to offering professional financial services to customers and helping them to achieve their financial goals and realize their dreams
Our service originates from a mission – the true value of financial planning – to help realize customers’ dream by providing financial-planning services to them with sincerity
Objectives
To provide an ideal platform and fast track enabling university students to get exposure to the financial sector and a financial-planning career
To help university students acquire professional qualifications and gain experience from mentors
To equip university students to better develop their future career in financial planning
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Requirements
Full-time university students
Good command of written and spoken English and Chinese
Demonstrate strong interest in the financial sector
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Application and Selection Process
Application Method
Online application and personality assessment from March 1, 2013 www.massmutualasia.com/internship
1st Round Interview
Group Interview and Discussion
2nd Round Interview
Individual Interview
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Five-week Structured Program
Consists of 2-week classroom training and 3-week fieldwork with hands-on experience
Gain advanced knowledge and skills in wealth and risk management through an intensive training course
Experience the day-to-day operations of the financial-planning business
Benefit from the knowledge and experience gained by networking with senior management
Carry out project work with the potential to make a real business impact
Empower your communication skills, as taught by a renowned NLP coach
Build an professional image with advice from an image consultant
Acquire professional qualifications and receive scholarship of HK$10,000 upon successful completion of the program
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Criteria of Receiving Scholarship of HK$10,000
Passed Insurance Intermediaries Qualifying Examination – Paper 1, 3 and 5
Passed the assessment for Wealth Management Foundation Program and Risk Management Foundation Program
Conducted financial-needs analyses as an individual assignment
Completed group research project on risk and wealth management of Hong Kong people.
Fulfilled mentor’s assessment requirements
Full attendance at the program (Orientation Day, all training programs and workshops, agency fieldwork and graduation ceremony)
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Program At a Glance
Around 1500 applicants enrolled in the 2013 program
20 mentees selected
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0.1% 0.2%
7.4%
0.2%
1.6% 4.1%
2.8%
7.7%
32.7%
0.3%
9.9%
8.9%
2.5%
21.5%
Distribution of Applicants from Local Universities
Caritas Institute of Higher Education
Chu Hai College of Higher Education
City University of Hong Kong
Community College of City University
Hang Seng Management College
Hong Kong Baptist University
Hong Kong Shue Yan University
Lingnan University
The Chinese University of Hong Kong
The Hong Kong Institution of Education
The Hong Kong Polytechnic University
The Hong Kong University of Science and Technology
The Open University of Hong Kong
The University of Hong Kong
2013 Mentor’s Profile
11 seasoned mentors
1 Chief General Manager, 1 General Manager, 1 Deputy General Manager, 6 Senior Branch Managers and 2 Branch Managers
All with diversified education background and professional qualifications
Certified Financial Planner (CFP) / Chartered Financial Analyst (CFA) / Registered Financial Planner (RFP) / Financial Advisers’ International Qualification (FAIQ)
Fellow, Life Management Institute (FLMI) Associate, Customer Service (ACS) Associate, Life & Health Claims (ALHC)
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Trainer’s Profile
Professional Training Specialist from MassMutual University
Master of Finance (MFIN)
MBA
Certified Financial Planner (CFP)
Chartered Life Underwriter (CLU)
Registered Financial Consultant (RFC)
Fellow, Life Management Institute (FLMI)
Mr Lee Sheng Wah
Certified and renowned Neuro Linguistic Programming trainer
Top 50 Most Influential Speakers in China
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2013 Program Highlights Orientation Day
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Internship@MassMutual 2013 kicks-off “First Impression” warm up game
Ice-breaking among Interns Social Mingling
Sharing by 2012 Intern
2013 Program Highlights Risk and Wealth Management Training
An inspiring sharing about wealth management by Mr. Paul Pong, The Managing Director of the Pegasus Fund Managers Limited
Activities-based learning
Sharing about insurance operation by Mr. Mike Lee, Senior Vice President – Life Operations of MassMutual Asia Ltd.
12 Interns did a fabulous presentation on retirement planning
2013 Program Highlights Professional Image Workshop, Visits to Fund-House & HKEx
Professional Image workshop hoisted in a renowned salon Hair Styling Advice Professionalism and confidence boost after the make-over
Visit to the Trading Hall in action The real time securities trading system Visit to BlackRock (Hong Kong) Limited
2013 Program Highlights NLP Workshop
NLP workshop conducted by Mr Lee Sheng Wah (Sheng), a certified Neuro Linguistic Programming (NLP) trainer and
Top 50 Most Influential Speakers in China Insightful drawing analysis on personal goals
Insightful drawing analysis on personal goals
Exercise to enhance EQ
Interns are highly motivated
2013 Program Highlights Graduation
We are graduated from Internship@MassMutual 2013!
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1. Total Devotion Award Jeff Tsang Ka Chun Psychology The Chinese University of Hong Kong 2.Best Financial Needs Analysis Award Shirley So Hing Yu Marketing City University of Hong Kong
Overall Feedback of the Program
All mentees would recommend Internship@MassMutual to classmates and friends
55% of mentees would definitely consider MassMutual Asia as the first choice when developing their career in financial planning
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85%
15%
Recommendation of Internship@MassMutual
Will recommend
Don't mind to recommend
55% 40%
5%
MassMutual Asia as 1st Choice
Definitely will
Don't mind to choose MMA as 1st choice
Not sure
Compliments from Mentees
“I have a better understanding on my career development and set my personal goal through the internship program.”
“…a comprehensive program to acquire professional qualification and establish a professional image.”
“There is a positive influence on my life and my self-confidence is strengthened.”
“Now, I understand the importance of planning ahead for my career and personal life!”
“It is a great learning opportunity from the experienced mentor.”
“Agency fieldwork is a good learning process of operations in real business world.”
“Insightful drawing analysis by Sheng for better understanding of my personality.”
“My communication skills is greatly enhanced through the NLP workshop.”
“I’m highly motivated to acquire more knowledge and skills of financial planning!”
“The program gives me a deeper understanding of financial-planning products and financial needs analysis.”
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MassMutual Financial Group1
Established in 1851 with over 160 years of experience in risk- and wealth-management services
Ranked in the renowned FORTUNE 500 as one of the “Five Largest US Life Insurance Companies” 2
With US$508 billion3 in assets under management and 13 million customers worldwide
Enjoys exceptionally high financial ratings4 from major rating agencies:
A.M. Best Company: A++ (Superior; top category of 15)
Fitch Ratings: AA+ (Very Strong; second category of 21)
Standard & Poor’s: AA+ (Very Strong; second category of 21)
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1. MassMutual Financial Group is a marketing designation for the Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliates. 2. Ranked according to the aggregate results of “Insurance: Life, Health (Mutual)” and “Insurance: Life, Health (Stock)” on the total revenues for 2012,
based on the FORTUNE 500 as published on May 20, 2013. 3. Figure as of December 31, 2012. 4. Ratings apply to Massachusetts Mutual Life Insurance Company and its subsidiaries, C.M. Life Insurance Company and MML Bay State Life Insurance
Company. Ratings are as of February 1, 2014 and are subject to change.
Professional Training
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MassMutual University has been awarded the coveted “Hong Kong Q-Mark Service Scheme” certification, in recognition of its dedication in developing professional financial-planning consultants
MassMutual University
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MPF Training
Advanced Skills Training
Sales Management Training
Continuing Education Training
Professional Designation