Spring 2027 Intern, MAGNet Program

About the Role

The Modeling and Analytics Graduate Network (MAGNet) program is a multi-semester internship opportunity at State Farm, designed for graduate students to prepare for a full-time data science position. This is a hybrid internship in Champaign, IL. The internship duration is from 1/19/2027 to 5/6/2027, with potential for semester-by-semester renewal throughout the intern's graduate program.

Key Responsibilities

• Apply predictive modeling and data analysis skills to various data science problems across different business lines and departments.
• Contribute to projects such as:
• 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.

Logistics & Pay

• Hours:
• Spring and Fall Semesters: 20 hours per week
• Summer Semester: 38.75 hours per week
• Pay: $36/hour
• Location: Hybrid internship in Champaign, IL (part remote, part in office at University of Illinois Research Park).

Requirements & Tech Stack

• Graduate students at the University of Illinois – Urbana-Champaign (UIUC).
• Applicants must be accepted (with a Spring 2027 start date) or currently enrolled in an approved in-person Graduate program at UIUC in one of the following disciplines:
• Statistics
• Mathematics
• Computer Science
• Economics
• Actuarial Science
• Data Science
• Applicants with 3-6 semesters (including summer) remaining in their graduate program (planning to graduate between December 2027 and December 2028).
• Must be available to work in a hybrid position and come into the Champaign office on a weekly basis.
• Must remain in good academic standing and make significant progress towards their degree during academic semesters.
• Must include the following information on their resume:
• Graduate University
• Graduate program (in person or online)
• Expected graduation date (month, year)
• Must be eligible to lawfully work in the U.S. immediately; employer will not sponsor work authorization.

Qualifications

• 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

Benefits

• Hourly pay comparable to university graduate assistants.
• Full tuition assistance for the duration of the internship.
• 401k retirement plan with company contributions.
• Medical, dental, and vision insurance.
• Paid time off.
• Access to mentoring and development programs.
• Eligibility for an annual raise and bonus.
• Robust health and wellbeing programs.
• Educational benefits including industry-leading training programs.
• Benefits for significant life events such as fertility/IVF/adoption assistance, college coaching.
• Access to a State Farm Federal Credit Union.
• Generous time off policies, including paid holidays, parental leave, and community service/education support days.
• Programs to give back, such as a Matching Gift Program and Good Neighbor Grant Program.
• Access to free financial advisors.