Spring 2027 Intern - MAGNet Program @ University of Illinois Urbana-Champaign

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 Spring 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 University of Illinois – Urbana-Champaign (UIUC) 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 Champaign, IL 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: 1/19/2027 to 5/6/2027 Location: This is a hybrid internship. Interns will spend part of their time working from home,