Would you like to become part of a USA government-sponsored finance company that is known for providing securities-backed mortgage services to its clients and is widely recognized as a market leader? If so, be sure to apply for the latest Fannie Mae Internship. By interning here, not on you will get the relevant experience in your desired field but also have a chance to work in a new environment that fosters a collaborative environment. Both undergraduates and graduate students can apply for this opportunity in a wide range of fields such as Business, Computer Science, Marketing, and many more. Therefore, make sure to submit your application without any further delay as the selection process for this program is quite competitive.
- Company Name: Fannie Mae
- Location: Washington, DC, United States
- Education Required: Minimum Secondary
- Industry: Finance
About Fannie Mae
Fannie Mae, officially incorporated as Federal National Mortgage Association, is one of the most influential financial institutions in the United States that operates as a government-sponsored enterprise. It provides stability and liquidity for the US housing market, under state law and regulations, without being financed by taxpayers. It was established by the Federal Government in 1938 and primarily buys mortgages from lenders whose loans meet certain guidelines set by Fannie Mae and packages and sells them as mortgage-backed securities. In addition to offering fixed returns, the company’s securities are also backed by guaranteed loans. The company generates annual revenue of over US$ 29.9 billion and has more than US$4.23 trillion of assets. Headquartered in Washington, D.C., it employs over 7,400 people and Ms. Sheila Bair is its Chairwoman.
Joining Fannie Mae internships is an excellent opportunity for students to gain helpful knowledge and an in-depth look into the finance and real estate sectors. Interns are paid competitively and receive a $37.50 per hour stipend and have the potential to learn a variety of skills related to their field of study. Furthermore, the confidence-building opportunities associated with this program are also worth mentioning. In addition to learning from experienced professionals in their field, interns also benefit from continually facing new challenges while developing their interpersonal and problem-solving capabilities.
To be eligible for an internship with Fannie Mae, you must be enrolled full-time in an undergraduate or graduate program, or you must have graduated within the past year. A minimum 3.0 GPA on a 4.0 scale is also required, as well as excellent communication and interpersonal skills and strong problem-solving skills. Furthermore, only those with U.S. citizenship or permanent residency status will be considered eligible and international students residing in the U.S. can also apply with an F-1 student visa.
Fannie Mae Internship Application Process?
The first step of the hiring process for the Fannie Mae Internship program is to look for the available roles by hitting the “Internship at Fannie Mae” button below. Once you have chosen a position, click the “I’m interested” button and fill out an online form, which includes basic information such as your name, address, phone number, email address, and resume. After submitting this form, you will receive an email from the company’s Internship Coordinator with instructions on how to continue the application process. Applicants then need to complete an additional questionnaire that gathers more detailed information about their educational background and professional experience.
For those looking to start their careers in finance or real estate, internships at Fannie Mae are an ideal way to begin. In addition to gaining knowledge from industry experts, interns here have access to networking opportunities with other professionals that can help them further their career goals. Interns also gain additional experience by working on innovative projects related to the latest trends in financial markets and real estate development.