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!

Please watch the video below for A Day in the Life of an Investments Intern:

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.

The Mortgage/Real Estate Investment Team is based in Richardson (Dallas), Texas and manages over $21 billion of investments on behalf of State Farm. Investments include commercial, multifamily, and construction mortgage loans, as well as wholly-owned real estate equity investments, and REIT securities. Investments are originated and managed by regional mortgage teams and dedicated real estate equity and REIT teams. Processes and systems support disciplined underwriting, an expansive sourcing network, and diligent asset management. State Farm is a relationship-orientated lender and equity capital provider with a well-established and growing commercial real estate platform.

We are looking to hire interns to work within Commercial Mortgage Loans and Real Estate. This is in addition to other internship opportunities within the Investment Department working with 1) Fixed Income (Corporate Bonds/Structured Products/Liquidity Management) and 2) Private/Public Equity.

What You’ll Do

• Assist with investment origination, due diligence, and financial modeling to support the continued growth of the commercial mortgage loan and real estate equity portfolios
• Prepare and present investment recommendations to senior leadership for investment selection and approval
• Exposure to asset management through our annual loan review and risk rating process, including an evaluation of individual property performance
• Analyze and evaluate economic data, local market research, property comparables, and tenant financial information to support risk assessments, valuations, and decisions for multifamily, industrial, office, and retail property types
• Complete special projects for various functional areas within the real estate portfolio, including mortgage loans, real estate equity, and REITs
• Conduct an on-site property inspection and due diligence with State Farm real estate professionals; meet with local real estate owners, developers, and brokers to build new relationships

What’s In It for You

• An inside look into the management of a $21 billion commercial real estate portfolio; exposure to State Farm’s network of commercial real estate developers, operators, and brokers across major US markets
• 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

• Current college student with junior year completed by start of the internship
• Evidence of academic (3.5 GPA or above preferred) and personal achievement
• Coursework 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
• Desire to continuously learn and develop and put developed expertise into action
• 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
• Hourly Rate: $33.00/hour based on a 38.75-hour work week
• Housing stipend of $2,000 payable upon start of internship
• Hybrid work environment (Combination of in-office time and working from home)

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