Students & Graduates

PennyMac is actively recruiting talented young professionals from diverse academic backgrounds who will thrive in a high-growth entrepreneurial environment. Our university programs seek to match the brightest graduates with positions that will serve as a strong foundation for their careers. Whether you're part of our Executive Leadership Summer Intern Program or the Full-Time Analyst program, you will have the opportunity to learn from some of the brightest minds in financial services and play an important role in innovating an industry.

Why Start a Career at PennyMac?

  • Rapidly growing, innovative company with an entrepreneurial culture
  • Top 5 producer of residential mortgages in the U.S.
  • One of the largest publicly listed financial services companies in Southern California
  • Opportunities for personal development and career advancement
  • Competitive compensation and benefits package

Ideal for you if you want…

… to work in the financial services industry
… to work in a fast-paced, team-based environment
… to work with a highly regarded management team
… to join an intellectually stimulating, growth-oriented company
… to be in Southern California

Members of our leadership team have prior experience at:

  • Bank of America
  • Blackrock
  • Credit Suisse
  • Deloitte
  • Gibson Dunn
  • Grant Thornton
  • HSBC
  • Morgan Stanley
  • The White House

Full-Time Analyst Program

PennyMac’s Full-Time Analyst Program offers an opportunity for you to build a career in the financial services industry together with a class of Analysts who will train and grow together during their first few years at PennyMac. As a member of the Full-Time Analyst Program, you will have ongoing access to finance, technical, business and professional training sessions run by PennyMac’s senior executives. During the program, Analysts will also attend social and networking events with peers and PennyMac professionals across the organization. This program is intended for high-potential individuals seeking a challenging and fast-paced work environment that will provide the experience necessary to build a variety of skills and advance your career.

Career Opportunities

  • Business Development
  • Capital Markets
  • Corporate Finance
  • Consumer Direct Lending
  • Contract Finance
  • Credit Risk Management
  • Financial Planning & Analysis
  • Human Resources
  • Information Technology
  • Investor Relations
  • Internal Audit
  • Correspondent Lending
  • Portfolio Strategy
  • Loan Servicing


  • Minimum GPA of 3.0
  • Authorized to work in the United States
Application Deadline: October 28, 2016

Executive Leadership Summer Intern Program

PennyMac’s Executive Leadership Summer Intern Program (“ELSIP”) is an exciting opportunity to gain experience in the financial services industry and develop technical, analytic and interpersonal skills that will help you advance your career. This 10-week program begins with a three-day formal training program designed to introduce you to essential financial concepts and orient you to the various facets of a leading mortgage company. During the program, you will be guided by managers and mentors who will help you learn about the mortgage industry and what you can expect if you choose to launch your career at PennyMac. This program offers the opportunity to collaborate with other ELSIP interns and PennyMac professionals through a series of training, networking and social events. The program culminates with a capstone project that you will present to a group of your peers, your team and the PennyMac senior leadership team.

Participating Groups

  • Business Development
  • Capital Markets
  • Contract Finance
  • Corporate Development
  • Credit Risk Management
  • Financial Analysis & Valuation
  • Internal Audit
  • Portfolio Strategy

Qualifications / Requirements

  • Must be an undergraduate student expecting to graduate in one year
  • Minimum GPA of 3.0
  • Authorized to work in the United States
Application Deadline: October 28, 2016