Overview

Being good neighbors – helping people, investing in our communities, and making the world a better place – is who we are at State Farm. It is at the core of how we operate and the reason for our success. We're moving with urgency to become a Next Gen Good Neighbor, with technology that strengthens human connections and enhances the customer experience. As an employee, you'll spend less time navigating systems and more time applying judgment, empathy, and expertise in the moments that matter most.

Grow Your Skills, Grow Your Potential

Responsibilities

The State Farm Investment Department manages more than $400 billion in assets in support of one of the leading personal auto and home insurers in the United States. As an investment intern, you will gain hands-on experience working alongside professionals responsible for managing a large and diversified institutional investment portfolio.

 

The Investment Department manages assets across a broad range of asset classes, including:

• Public and Private Corporate Bonds
• Municipal Bonds
• Structured Products, including ABS, RMBS, and CMBS
• Sovereign Debt
• Private and Public Equity
• Commercial Mortgage Loans
• Real Estate

This internship is focused on Municipal Bonds and provides the opportunity to gain hands-on exposure to the asset class throughout the summer. This internship is designed for current GRADUATE students. Interns will work at the State Farm CityLine campus in Richardson, Texas, within the Dallas-Fort Worth metropolitan area.

 

What You’ll Do

• Perform credit analysis on existing portfolio holdings and potential new investments, including analysis of the economic, demographic, and financial characteristics of municipal bond issuers such as state and local governments, school districts, utility systems, institutions of higher education, and toll roads within the approximately $50 billion municipal bond portfolio.
• Conduct research on sector trends and developments within the segments of the municipal market.
• Present analytical conclusions and recommendations in a collaborative, team-based environment.
• Present investment recommendations to senior leaders and experienced investment professionals through written reports and oral presentations.

What You’ll Learn and Gain

• Gain hands-on exposure to the management of a large municipal bond portfolio.
• Develop a deeper understanding of the investment industry, State Farm investment philosophy, and other asset classes within the Investment Department.
• Contribute to a collaborative team environment that encourages thoughtful discussion and different perspectives.
• Receive personalized mentoring and coaching from experienced investment professionals.
• Network with senior leaders and external investment industry professionals.
• Collaborate and build relationships with other talented interns.
• Strengthen analytical, communication and presentation skills.

Qualifications

• Current GRADUATE students who will have completed first year graduate studies by start of the summer internship. Candidates pursuing a Master of Public Policy, Master of Public Administration, Master of Business Administration, or Master of Finance are preferred.
• Cumulative GPA of 3.5 or higher preferred, with a record of academic and personal achievement.
• Coursework in areas such as state and local tax policy, economics, statistics, fixed income investments, or state and local governmental accounting preferred.
• Analytical, inquisitive, energetic, detail oriented, and self-driven with strong written and verbal communication skills and an ability to articulate and support research findings.
• Ability to collaborate and engage in a dynamic team environment.
• Initiative, intellectual curiosity, and a commitment to continuous learning.
• Authorized to work in the United States at the time of hire.

Internship Information

• Location: Richardson, TX
• Internship Dates: June 2, 2027 – August 11, 2027
• Interview Timing: Competitive candidates will be invited to participate in online interviews during the fall of 2026
• Hourly Rate: $33.00/hour based on a 38.75-hour work week
• In addition, interns selected for our summer internship program will be eligible for a $2,000 stipend, payable upon start of internship
• Hybrid work environment: Combination of in-office and working from home, based on internship and business requirements

Our Benefits

We are excited to offer our interns a tailored set of benefits with a range of valuable perks to help support you during your time with us!

 

Time Off

• 40 hours of Life Leave
• Military Leave

Financial Benefits

• 401(K) Savings Plan (Eligible at age 18)
• Mutual Funds (Eligible at age 18)
• Commuter Benefits

Miscellaneous Benefits

• Wellness programs
• US Discount program
• Good Neighbor Grant program
• Matching Gift program
• Employee Assistance Fund
• Company Holidays