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!

State Farm has developed a unique internship opportunity for graduate students at the University of Illinois - the Modeling and Analytics Graduate Network (MAGNet). MAGNet interns apply their statistical modeling and analytic skills to a wide variety of business problems faced by the State Farm organization.

Graduate students 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 Phoenix, AZ.

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

We Are Looking For:

• Applicants accepted to or currently enrolled in the graduate Actuarial Science, Statistics, Mathematics, Computer Science, Economics, Finance or Data Science programs at UCIC
• 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

Internship Program Eligibility:

• Applicants with 3-6 semesters remaining in their graduate program (i.e. are planning to graduate between December 2025 and December 2026)
• Candidates must be available to work a hybrid position (part in office, part work from home), and come into the Athens office on a weekly basis.
• This is a hybrid internship in Champaign, IL and relocation assistance is not offered.

***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***

What You Can Expect:

• Logistics:

o During Fall Semester, MAGNet interns work 20 hours a week

o Duration: Fall Semester (1/21/2025 to 5/8/2025)

o 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 University of Illinois Research Park.

• Experience:

o Direct experience you can leverage for your future career

o An opportunity to learn and network with industry-leading influencers

o A learning environment: mentoring and development to help you succeed

o A culture that embraces Diversity and Inclusion

What’s In It For You:

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. Some State Farm benefits may also apply, including the following:

• 401(k)
• Medical, Dental, and Vision Insurance
• Paid Time-Off, including specific leave for community service