Summer 2027 Intern - Investments - Municipal Bonds

Notre Dame; Richardson (TX); Hybrid; USD 38,000 - 53,000; Full time

Benefits offered by this job

Hybrid work environment

Stipend at internship start

Job summary

Notre Dame is seeking a motivated intern to perform credit analysis on municipal bond portfolios, evaluating issuers such as state and local governments and related entities. You will research sector trends and present findings to a team of investment professionals.

You will deliver written reports and oral presentations, collaborate with senior leaders, and gain hands-on exposure to managing a large municipal bond portfolio within a supportive, learning-focused environment.

Qualifications

• Graduate student who will have completed first year by internship start.
• Preferred coursework in state and local tax policy, economics, statistics, fixed income investments, or governmental accounting.
• Authorization to work in the United States at the time of hire.

Responsibilities

• Perform credit analysis on municipal bond portfolio holdings and potential investments, evaluating economic, demographic, and financial characteristics of issuers.
• Conduct research on sector trends and developments within municipal market segments.
• Present analytical conclusions and investment recommendations in a collaborative team environment.
• Deliver written reports and oral presentations to senior leaders and experienced investment professionals.

Skills

Analytical thinking

Inquisitive attitude

Energetic

Detail oriented

Self-driven

Written and verbal communication

Collaborative

Initiative

Intellectual curiosity

Commitment to learning

Education

Master of Public Policy

Master of Public Administration

Master of Business Administration

Master of Finance

Job description

Your Role

Here’s what you will be doing:

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

About You

The company is looking for:

• Current graduate students who will have completed their first year by the internship start; preferred candidates pursue Master of Public Policy, Public Administration, Business Administration, or Finance.
• Preferred cumulative GPA of 3.5 or higher with a record of academic and personal achievement.
• Coursework in state and local tax policy, economics, statistics, fixed income investments, or governmental accounting preferred.
• Analytical, inquisitive, energetic, detail-oriented, and self-driven individuals with strong written and verbal communication skills.
• Ability to collaborate effectively in a dynamic team environment.
• Initiative, intellectual curiosity, and commitment to continuous learning.
• Authorization to work in the United States at the time of hire.

Compensation & Benefits

• Hourly rate of $33.00 based on a 38.75-hour work week.
• $2,000 stipend payable upon internship start.
• Hybrid work environment combining in-office and remote work.
• 40 hours of Life Leave and Military Leave.
• 401(K) Savings Plan and Mutual Funds eligibility at age 18.
• Commuter benefits.
• Wellness programs, US Discount program, Good Neighbor Grant program, Matching Gift program, Employee Assistance Fund, and company holidays.

Training & Development

• Receive personalized mentoring and coaching from experienced investment professionals.
• Gain hands-on exposure to managing a large municipal bond portfolio.
• Develop understanding of investment industry, State Farm investment philosophy, and other asset classes.
• Collaborate in a team environment encouraging thoughtful discussion and diverse perspectives.
• Network with senior leaders and external investment professionals.
• Build relationships with other interns and strengthen analytical, communication, and presentation skills.