Summer 2027 Intern - Investments - Fixed Income

State Farm

Richardson (TX)

On-site

USD 38,000 - 53,000

Full time

14 days+

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Benefits offered by this job

Life Leave

Military Leave

401(k) Savings Plan

Mutual Funds

Commuter Benefits

Wellness programs

US Discount program

Good Neighbor Grant program

Matching Gift program

Employee Assistance Fund

Company Holidays

Job summary

State Farm invites motivated interns to join its Investment Department, focusing on Fixed Income. You will analyze public and private bonds, support trading activities, and participate in investment discussions with senior leaders at the Richardson, TX campus.

The program offers hands-on experience, mentoring from investment professionals, and a pathway to broader opportunities within private equity, real estate, and governance.

Qualifications

Currently enrolled college students who will have completed their junior year by start of the internship.
Cumulative GPA of 3.5 or higher preferred, with a record of academic and personal achievement.
Coursework or interest in real estate, investments, accounting, financial statement analysis, economics, and corporate finance.
Strong analytical, critical thinking and risk assessment skills.
Ability to work collaboratively and also independently.
Excellent influencing, problem-solving and communication skills; strong prioritization and organization.
Authorized to work in the United States at time of hire.

Responsibilities

Conduct fundamental research and analysis of publicly traded and privately held companies and industries within the corporate bond portfolio.
Present investment recommendations to senior leaders through reports and oral presentations.
Gain hands-on exposure to the corporate bond trading function and participate in simulated transactions.
Research and contribute to discussions on structured products and liquidity portfolio responsibilities.

Skills

Investment analysis

Financial research

Presentation skills

Analytical thinking

Team collaboration

Communication skills

Time management

Judgment & empathy

Job description

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 Fixed Income asset classes, with the opportunity to gain experience across Corporate Bonds, Structured Bonds and Liquidity Management. Interns will work at the State Farm CityLine campus in Richardson, Texas, within the Dallas-Fort Worth metropolitan area.

Separate internship opportunities within the Investment Department are also available in:

Private and Public Equity
Commercial Mortgage Loans and Real Estate

What You’ll Do

Conduct fundamental research and analysis of publicly traded and privately held companies and industries within the approximately $115 billion corporate bond portfolio.
Present investment recommendations to senior leaders and experienced investment professionals through written reports and oral presentations.
Gain hands‑on exposure to the State Farm corporate bond trading function (responsible for executing approximately $20 billion in transactions annually) and participate in simulated transaction exercises.
Research and contribute to team discussions related to the responsibilities of the approximately $60 billion structured products and liquidity portfolio.

What You’ll Learn and Gain

Apply classroom knowledge to the management of a large, institutional investor's fixed income portfolio.
Develop a deeper understanding of the investment industry, the 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

Currently enrolled college students who will have completed their junior year by start of the internship.
Cumulative GPA of 3.5 or higher preferred, with a record of academic and personal achievement.
Coursework, relevant experience, or expressed interest in areas such as real estate, investments, accounting, financial statement analysis, economics, and corporate finance.
Strong analytical, critical thinking, and risk assessment skills.
Ability to work collaboratively as part of a team, as well as operate independently.
Effective customer service and interpersonal skills, including the ability to create, build, and maintain relationships with internal and external parties.
Excellent influencing, problem‑solving, and communication skills.Strong prioritization, time management, and organizational skills to meet deadlines while maintaining attention to detail.
A desire to continuously learn, develop expertise, and apply new knowledge into action.
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