State Farm · 13 hours ago
Summer 2026 Intern - MAGNet Program @ University of Illinois - Urbana-Champaign (UIUC)
Champaign, IL
Internship
Hybrid
Intern
$36/hr - $36/hr
Start in 2026 SummerState Farm is a Fortune 50 company that offers an internship program designed for graduate students through the MAGNet program. Interns will apply their predictive modeling and analytical skills to various data science problems while gaining valuable training and mentorship throughout their graduate studies.
Insurance
No H1B
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
Qualification
Required
Applicants must be accepted or currently enrolled in an approved in-person Graduate program at the University of Illinois – Urbana-Champaign
Statistics
Mathematics
Computer Science
Economics
Finance
Actuarial Science
Data Science
Applicants with 3-6 semesters (including summer) remaining in their graduate program (i.e. are planning to graduate between May 2027 and May 2028)
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
Candidates must be available to work a hybrid position (part in office, part work from home) and come into the Champaign office on a weekly basis
Students must remain in good academic standing and continue to make significant progress towards their degree during academic semesters
Applicants must include on their resume the following information regarding their program at the time of the internship: Graduate University, Graduate program, including whether it is in person or online, Expected graduation date (month, year)
Failure to include this information may result in automatic rejection
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
Benefits
401k retirement plan
Medical, dental, and vision insurance
Paid time off, including specific leave for community service
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.
Company
State Farm
At State Farm®, our mission is to help people manage the risks of everyday life, recover from the unexpected, and realize their dreams.
Founded in 1922
10001+ employees
Funding
Current Stage
Late StageLeadership Team
Alexis Harris
CEO/AGENT
Aquilas Zephir
Owner/CEO at Aquilas Zephir State Farm
Recent News
2024-05-05
2024-04-20
The North Bay Business Journal
2024-04-14
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