2025 Summer Intern MAGNet Program @ Arizona State University

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: the Modeling and Analytics Graduate Network (MAGNet). This internship opportunity is now available to graduate students enrolled in Actuarial Science, Statistics, or Applied Mathematics at Arizona State University (ASU). In this year-round internship, MAGNet interns apply their statistical modeling and analytic skills to a wide variety of business problems faced by State Farm.

Graduate students in Actuarial Science, Statistics, and Applied Mathematics will be 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, including Atlanta, GA; Bloomington, IL; Dallas, TX; 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, or Math programs in the School of Mathematical and Statistical Sciences at ASU
• Applicants with experience in:
  • Statistical modeling and/or data mining
  • Data analysis and database tools
  • Computer programming (especially Python, R, or SAS)
  • 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 Tempe, AZ 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:
  • During Summer Semester, MAGNet interns work 38.75 hours a week
  • Duration: Summer Semester (5/19/2025 to 8/8/2025)
  • Convenient location: State Farm's Marina Heights Hub is walking distance from campus
  • Pay: $36.00/hr.
    • Potential yearly incentive pay up to 15% of base salary
• 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

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.

Our Benefits:

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!

• Get Paid! On top of our competitive pay, you are eligible for an annual raise and bonus.
• Stay Well! Focus on you and your family's health with our robust health and wellbeing programs. State Farm pays most of your healthcare premium, and we offer multiple healthcare plan options, including a high deductible plan. All medical plans provide 100% coverage for in-network preventative care, AND you and your family have access to vision, dental, telemedicine, 24/7 mental health professionals, and much more!
• Develop and Grow! Take advantage of educational benefits like industry leading training programs, top-notch tuition assistance programs, employee resource groups, and mentoring.
• Plan Ahead! Plan for those big moments in life with benefits like fertility/IVF/adoption assistance, college coaching, national discount programs, interactive monthly financial workshops, free financial coaching, and more. You can also start a savings account or consider financing through our State Farm Federal Credit Union!
• Take a Little "You" Time! You will have access to our generous time off policies designed so you can plan around holidays, family events, volunteering, or just to take a relaxing day off. With the opportunity to initially earn up to 20 days annually plus parental leave, paid holidays, celebration day, life leave (40 hours/year), bereavement leave, and community service/education support days, there will be plenty of time for you!
• Give Back! We offer several ways to give back through our Matching Gift Program, Good Neighbor Grant Program, and the Employee Assistance Fund.
• Finish Strong! Plan for retirement using free financial advisors and a 401(k) plan with company contributions of up to 7% of your salary.

Visit our State Farm Careers page for more information on our benefits, locations, and the hiring process of joining the State Farm team!

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