Overview
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!
The Modeling and Analytics Graduate Network (MAGNet) program is a unique multi-semester internship opportunity designed to prepare graduate students for a full-time data science position at State Farm. Throughout their time in the program, MAGNet interns apply their predictive modeling and analytical skills to a variety of data science problems to augment their theoretical coursework while also developing professionally.
It is not feasible to expose interns to the full variety of topics they need to be familiar with for full-time data science work in a single semester. As such, the MAGNet internship is designed to last the duration of an intern's graduate studies with renewal on a semester-by-semester basis. This means that while this position is hiring for the Summer 2027 semester, the intern may be invited to return for following semester(s), based on the intern's growth and progress relative to the internship's expectations.
To continue in the MAGNet program, it is expected that an intern continue to renew their internship throughout their graduate program for the Spring, Summer, and Fall semesters as applicable. If you are looking for a summer or other short-term internship, MAGNet is not the right fit for you, but you may be interested in State Farm's summer internship programs.
Graduate students at the Arizona State University (ASU) in highly quantitative disciplines are considered, with an emphasis on understanding of statistical techniques. While participating in the MAGNet program, students are evaluated and given consideration for full time, post-graduate employment at various State Farm locations: Atlanta, GA; Bloomington, IL; Dallas, TX; or Tempe, AZ. MAGNet interns are expected to remain in good academic standing and continue to make significant progress towards their degree during academic semesters.
What’s In It For You
MAGNet is similar to a 50% graduate assistantship offered by the university. It is a multi-semester program with renewal on a semester-by-semester basis. Interns receive hourly pay comparable to that offered by the university for graduate assistants as well as full tuition assistance for the duration of the internship. Some State Farm benefits may also apply, including the following:
401k retirement plan
Medical, dental, and vision insurance
Paid time off, including specific leave for community service
Please note: This is a hybrid internship in Tempe, AZ and relocation assistance is not offered.
Grow Your Skills, Grow Your Potential
Responsibilities
MAGNet interns apply their predictive modeling and data analysis skills to a variety of data science problems, in many different lines of business and departments (e.g., marketing, insurance, and process optimization) including:
- Pricing and Underwriting Risk Predictive Modeling
- Claims Automation Predictive Modeling
- Sales/Growth Forecasting, Econometric and Predictive Modeling
- Data mining applications for Claims and Competitive Analysis
- Evaluating new statistical methods and tools for potential use by State Farm data scientists
What You Can Expect
Logistics
- During Spring and Fall Semesters, MAGNet interns work 20 hours a week
- During Summer Semester, MAGNet interns work 38.75 hours a week
- Pay: $36/hour
- Duration: 5/17/2027 to 8/6/2027
- Location: This is a hybrid internship. Interns will spend part of their time working from home, and will spend several days a week working from the office, which is in Marina Heights.
Experience
- Direct experience you can leverage for your future career
- An opportunity to learn and network with industry-leading influencers
- A learning environment: mentoring and development to help you succeed
- A culture that embraces Diversity and Inclusion
We Are Looking For
Applicants must be accepted or currently enrolled in an approved in-person Graduate program at Arizona State University:
Statistics
Mathematics
Actuarial Science
Applicants with 3-6 semesters (including summer) remaining in their graduate program (i.e. are planning to graduate between Spring 2028 and Spring 2029)
Applicants with experience in
- Statistical modeling and/or data mining
- Data analysis and database tools
- Computer programming (specifically Python, SAS, or R)
- Communicating and presenting technical work
- Candidates must be available to work a hybrid position (part in office, part work from home), and come into the Tempe office on a weekly basis.
- Students must remain in good academic standing and continue to make significant progress towards their degree during academic semesters.
- *****Applicants must include on their resume the following information regarding their program at the time of the internship:
Graduate University
- Graduate program, including whether it is in person or online
- Expected graduation date (month, year)
- Failure to include this information may result in automatic rejection.
- NOTE: Candidates may only interview with one of the MAGNet programs (ASU, UGA, Georgia Tech, UIUC) each semester.*****
- *****Applicants are required to be eligible to lawfully work in the U.S. immediately; employer will not sponsor applicants for U.S. work authorization (e.g. H-1B visa) for this opportunity*****
Our Benefits
MAGNet is similar to a 50% graduate assistantship offered by the University. Interns receive hourly pay comparable to that offered by the University for graduate assistants, as well as full tuition assistance for the duration of the internship.
At State Farm, we offer more than just a paycheck. Check out our suite of benefits designed to give you the flexibility you need to take care of you and your family!
Visit our State Farm Careers page for more information on our benefits, locations, and the hiring process of joining the State Farm team!
Job description provided by State Farm.
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