As a State Farm intern, you will have the opportunity to collaborate with experienced professionals, contribute to meaningful projects, and make a real impact. Our internship program provides students with valuable training, mentorship, and networking opportunities while being fully immersed in the day-to-day operations of a Fortune 50 company. At State Farm, we believe our interns are the future of our company, and we are committed to helping you succeed!
Grow Your Skills, Grow Your Potential
Responsibilities
The State Farm Investment Department is a leading investment manager, entrusted with managing over $400 billion in assets to support the leading personal auto and home insurer in the United States. State Farm is a Fortune 50 company and is consistently recognized as a top employer in the United States. In the State Farm Investment Department, we manage a multi-billion-dollar investment portfolio across various asset classes – Corporate Bonds (Public and Private), Municipal Bonds, Structured Products (ABS, RMBS, CMBS), Sovereign Debt, Private Equity, Public Equity, Commercial Mortgage Loans, and Real Estate. Through sound investment strategies, the Investment Department helps State Farm remain financially strong so our customers can manage the risks of everyday life, recover from the unexpected, and realize their dreams. As a member of our high performing team, you will interact with senior Investment Department staff, as well as receive several cross-asset learning opportunities. We will rely on you as a key partner to assist with due diligence research, financial modeling, and investment decision-making. Investment interns will be a part of State Farm’s growing investment platform at CityLine in Richardson, Texas, within the fast-growing Dallas-Fort Worth metro area.
We are looking to hire interns to work within the Municipal Bond asset class.
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 State Farm’s $52 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’s In It for You
An inside look into the management of a large municipal bond portfolio
Gain a deeper understanding of the investment industry, State Farm’s investment philosophy, and other asset classes within the Investment Department
Engage and participate in a dynamic and collaborative team culture
Receive personalized mentoring and coaching from experienced professionals to further your individual development
Network with senior leaders and external investment industry professionals
Collaborate and build relationships with other talented interns
Create experiences that can be leveraged throughout your future career
Join a culture that embraces healthy discourse and promotes diversity and inclusion
Qualifications
MUST BE current GRADUATE student who has completed first year graduate studies by start of the summer internship. Master of Public Policy, Master of Public Administration, Master of Business Administration, or Master of Finance candidates preferred
Evidence of academic (3.5 GPA or above preferred) 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 setting
Initiative and drive for continuous learning
Applicants must be authorized to work in the United States at the time of hire
Internship Information
Location: Richardson, TX
Our internship will occur June 1, 2026 to August 7, 2026.
Competitive candidates will be invited to participate in online interviews during the fall of 2025
Pay: $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 time and working from home)
About the company
State Farm
Company overview
State Farm is a U.S.-focused insurance and financial services group best known for auto and home insurance, alongside life, health, and related financial products. The company sells largely through a nationwide network of independent contractor agents, supported by large corporate teams in claims, underwriting, technology, analytics, customer operations, and investment functions. State Farm also runs major catastrophe and claims operations that scale up during severe weather events and other large loss periods. The company is headquartered in Bloomington, Illinois.
Locations and presence
State Farm’s corporate headquarters address is One State Farm Plaza in Bloomington, Illinois. Many corporate roles operate from hub locations such as Bloomington (IL), Richardson (TX), Tempe (AZ), and Dunwoody (GA), and company reporting shows a workforce mix that leans heavily hybrid and remote rather than fully in-office.
Palpable Score
71.6
/ 100
State Farm offers meaningful early-career entry points through recurring internships and at least one structured graduate pipeline (MAGNet) that pairs real work with funded education. The hiring process has some published structure and common assessment steps, but public candidate experiences still point to inconsistent timelines and closure. Learning benefits and development support are a standout, while early-career outcomes are visible through select pipelines and stories rather than published cohort metrics.
