2026 Summer Intern - MAGNet Program @ Arizona State University
US-AZ-Tempe
Careers (External)
Req #: 42826
Type: MagNet Intern
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Overview: 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 Summer 2026 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 continues 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 Arizona State University 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: Tempe, AZ; Bloomington, IL; Dallas, TX; or Atlanta, GA. 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 Tempe, AZ and relocation assistance is not offered. Applicants must be accepted or currently enrolled in an approved in-person Graduate (Master's) program at Arizona State University majoring in: * * Statistics * Mathematics * Actuarial Science 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 * Duration: May 18, 2026 - August 7, 2026 * Location: This is a hybrid internship. Interns will spend part of their time working from home and will spend several days a week working from the office, which is at Marina Heights. * 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 Qualifications: We Are Looking For: * Applicants must be accepted or currently enrolled in an approved in-person Graduate (Master's) program at Arizona State University majoring in: * Statistics * Mathematics * Actuarial 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 in a hybrid position (part in office, part work from home), and come into the Tempe office on a weekly basis. *****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*****
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