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The Presidential Management Fellows (PMF) Program is a two year training and leadership development program at a United States government agency, administered by the U. S. Office of Personnel Management (OPM), for advanced degree holders (both current and recent graduates). After completing the program, agencies may convert PMFs to permanent federal civilian employees.

The PMF Program was established by Executive Order in 1977, and amended by Executive Order in 2003 to attract to the Federal service outstanding citizen scholars from a variety of academic disciplines and career paths who have a clear interest in, and commitment to, excellence in the leadership and management of public policies and programs. Program regulations were amended again in December 2010 by Executive Order establishing the PMF Program as one of the three student Pathways to federal employment. By drawing graduate students from diverse social and cultural backgrounds, the PMF Program provides a continuing source of trained men and women to meet the future challenges of public service. The PMF program was formerly referred to as the Presidential Management Internship (PMI) program. In September 2013, OPM added a new STEM track to the PMF process to increase opportunities for science and technology students and meet the demand for qualified candidates for these roles in government, but this track was later removed.

There are two situations where graduate students may be eligible to apply to the PMF program. Graduate students from all academic disciplines who expect to complete an advanced degree from a qualifying college or university by August 31 of the academic year in which the competition is held are eligible to become Fellows. Alternatively, those who have completed an advanced degree (masters or professional) from a qualifying college or university during the previous 2 years from the opening date of the PMF Program's application announcement are eligible. Individuals who previously applied for the program, but were not selected as a Finalist, may reapply if they meet eligibility requirements. Finalists come from a diverse range of graduate institutions, but the schools with the most PMF Finalists in 2014 included American University, University of Michigan, Harvard University, Georgetown University, George Washington University, Columbia University, and Johns Hopkins University. The application process requires a résumé, an online assessment, and short essays. Potential fellows should demonstrate breadth and quality of accomplishments, capacity for leadership, exceptional oral and written communication skills, and a commitment to excellence in the leadership and management of public policies and programs. The application occurs usually during the autumn. OPM announces finalists names during winter. Those who are nominated as finalists remain finalists for one year, unless appointed by an agency during that year. Finalists may reapply to the Program before the year of appointment eligibility ends; however, status as a current Finalist is forfeited upon accessing the on line assessment. The program is extremely competitive: for the PMF Class of 2013, there were 663 finalists (eligible for appointment as Fellows), who were selected from well over 12,000 nominees, an acceptance rate of approximately 5.5%.

Fellows are hired at the civil service ranks of GS 09, GS 11, or GS 12 (or equivalent pay band, depending on agency) with Excepted Service appointment status at the beginning of the Fellowship. Following satisfactory completion of each year of the Fellowship, Fellows are eligible for promotion to the next GS level (or equivalent pay band, depending on agency) but cannot be promoted higher than GS 13 during the Fellowship. After successful completion of the Fellowship, agencies may noncompetitively appoint Fellows to permanent positions and grant Fellows career or career conditional status. Gaining agencies must provide Fellows at least eighty hours of formal classroom training each year of the Fellowship that addresses the core competencies required of the occupation or functional discipline in which Fellows will most likely be placed upon completion of the Fellowship. The PMF Leadership Development Program (PMF LDP) is a new offering for Fellows, designed to support a PMF's leadership journey during their two year fellowship. Participation in the PMF LDP counts towards their training and developmental requirements. Participation is at the agency’s discretion and at the discretion of the Fellow’s supervisor and agency. Gaining agencies must allow Fellows at least one developmental assignment ("rotation") of four to six months in duration in any occupation at any U. S. government agency, pending gaining agency approval. It is not uncommon for gaining agencies to prohibit Fellows from completing rotations outside gaining agencies. PMFs are individually assigned a personal mentor during the Fellowship. Mentors must be senior leaders and ideally from outside a Fellow's chain of command. Mentors assist Fellows with completing the requisite Individual Development Plan, identifying valuable developmental assignments, providing career advice, being a confidential sounding board, and act as advocates for Fellows. As employees of the U. S. government, PMFs earn annual leave, sick leave, and paid Federal holidays. PMFs are enrolled in the Federal Employees Retirement System (FERS). Upon appointment, PMFs may elect life insurance, health insurance, and Thrift Savings Plan options. U. S. government agencies are authorized to repay student loans under the Federal Student Loan Repayment Program, as provided by Part 537 of Title 5, Code of Federal Regulations. The amount repaid by an agency is subject to limits of $10,000 per employee per calendar year and a total of $60,000 per employee. Student loan repayment varies widely by agency.

The Presidential Management Alumni Association (PMAA) is a 501(c)(3) nonprofit organization created to improve, expand, and promote the alumni community as well as the PMF Program. They are dedicated to supporting alumni excellence and achievement, advocating for the PMF program, and holding up public service as a noble and necessary profession.

The non profit Presidential Management Alumni Group (PMAG) was formerly the primary alumni group for PMIs and PMFs. It was organized in 1981 to advance the professionalism of public service and augment the education and career development of those who have served in or assisted the PMF Program. PMAG was not sponsored by OPM. The members were Fellows, alumni, and other individuals interested in recruitment and development of Federal Government career managers. PMAG sponsored professional and social activities, maintained a network among alumni, and provided support to maintain the PMF Program as the Federal Government’s premier mechanism for recruiting future managers.