What are the responsibilities and job description for the 2025 Summer Intern MAGNet Program @ Arizona State University position at State Farm?
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!
Grow Your Skills, Grow Your Potential
Responsibilities
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
Qualifications
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 (5/19/20205 to 8/8/2025)
- Convenient location: State Farm's Marina Heights Hub is walking distance from campus
- 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. 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
