Fall 2026 Intern - MAGNet Program @ University of Illinois

State Farm•Champaign, IL

11d•Hybrid

About The Position

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. This internship is designed to last the duration of an intern's graduate studies with renewal on a semester-by-semester basis. Graduate students at the University of Illinois – Urbana-Champaign (UIUC) 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: Atlanta, GA; Bloomington, IL; Dallas, TX; or Tempe, AZ. MAGNet interns are expected to remain in good academic standing and continue to make significant progress towards their degree during academic semesters.

Requirements

Applicants must be accepted or currently enrolled in an approved in-person Graduate program at University of Illinois – Urbana-Champaign in Statistics, Mathematics, Computer Science, Economics, Actuarial Science, or Data Science.
Applicants with 3-6 semesters (including summer) remaining in their graduate program (i.e. are planning to graduate between Aug 2027 and Aug 2028)
Applicants with experience in Statistical modeling and/or data mining
Applicants with experience in Data analysis and database tools
Applicants with experience in Computer programming (specifically Python, SAS, or R)
Applicants with experience in 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).
Candidates may only interview with one of the MAGNet programs (ASU, UGA, Georgia Tech, UIUC) each semester.
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.

Responsibilities

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

Benefits

Hourly pay comparable to that offered by the university for graduate assistants
Full tuition assistance for the duration of the internship
401k retirement plan
Medical, dental, and vision insurance
Paid time off, including specific leave for community service
Annual raise and bonus
Robust health and wellbeing programs
State Farm pays most of your healthcare premium
Multiple healthcare plan options, including a high deductible plan
All medical plans provide 100% coverage for in-network preventative care
Vision, dental, telemedicine, 24/7 mental health professionals
Educational benefits like industry leading training programs
Top-notch tuition assistance programs
Employee resource groups
Mentoring
Fertility/IVF/adoption assistance
College coaching
National discount programs
Interactive monthly financial workshops
Free financial coaching
Generous time off policies
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
Matching Gift Program
Good Neighbor Grant Program
Employee Assistance Fund
Free financial advisors
401(k) plan with company contributions of up to 7% of your salary