P&C Actuarial & Underwriting Modeling Intern - Data Scientist

State Farm; Bloomington (IL); Hybrid; USD 34,000 - 49,000; Full time

Benefits offered by this job

Hourly rate $30/hour

Stipend $2,000

Hybrid work environment

Job summary

State Farm is seeking a Data Scientist Intern to work on large-scale data projects and build predictive models that guide business decisions. The program emphasizes mentorship, hands-on research, and skill development within a collaborative team.

Interns will gain experience in regression, neural networks, and clustering while contributing to real-world insurance analytics. The internship runs summer 2027 across multiple locations with a hybrid work model and competitive compensation.

Qualifications

• Must be a current GRADUATE student who will have completed first year graduate studies by start of the summer internship.
• Master's in Statistics, Data Science or related field preferred.
• GPA of 3.5 or higher preferred.
• Experience with Python required.
• Experience with Cloud-based AWS preferred.
• Fundamental knowledge of regression, neural networks, decision trees, and clustering.
• Strong communication, interpersonal, organization, leadership and critical thinking skills.
• Ability to work in a team environment.
• Competencies: Initiative; Teamwork; Relationship Building; Communication; Technical Functional; Strategic Business Focus.

Responsibilities

• Data mining and predictive modeling such as regression, forecasting, and machine learning.
• Research on emerging industry trends and hot topics.
• Develop and implement creative data solutions in a collaborative environment.

Skills

Python programming

AWS

Modeling techniques

Communication

Teamwork

Initiative

Critical thinking

Leadership

Education

Master's in Statistics/Data Science

Quantitative field degree

Tools

AWS

Job description

Overview

Being good neighbors – helping people, investing in our communities, and making the world a better place – is who we are at State Farm. It is at the core of how we operate and the reason for our success. We're moving with urgency to become a Next Gen Good Neighbor, with technology that strengthens human connections and enhances the customer experience. As an employee, you'll spend less time navigating systems and more time applying judgment, empathy, and expertise in the moments that matter most.

Grow Your Skills, Grow Your Potential

Responsibilities

A Day In The Life Of A Data Scientist Intern We work with huge volumes of data to Help Life Go Right® for tens of millions of insurance and financial customers. The P&C Actuarial and Underwriting Modeling and Analytics Department is a place where interns complete innovative, meaningful research in a collaborative environment focused on developing technical and business skills - a perfect complement to the classroom. As a Fortune 50 company, we hire the best employees to serve our customers, making us a leader in the insurance and financial services industry. We are seeking innovative individuals who are self-starters and like being part of a team to develop and implement creative solutions through:

• Data mining and predictive modeling such as regression, forecasting, and machine learning
• Research on emerging industry trends and hot topics

We offer development through extensive training programs, mentoring programs, and leadership.

Qualifications

We are Looking for candidates with:

• MUST be current GRADUATE student who will have completed first year graduate studies by start of the summer internship. Candidates pursuing a Master's degree in Statistics, Data Science or a related field are preferred.
• Related fields may include: Mathematics, Economics, Quantitative Management, Industrial Engineering, Operations Research or a similar quantitative field.
• GPA of 3.5 or higher is preferred.
• Experience with languages such as Python required.
• Experience with Cloud-based AWS is preferred, but is not required
• Must demonstrate fundamental knowledge of multiple modeling techniques including but not limited to regression, neural networks, decision trees, and clustering
• Strong communication, interpersonal, organization, leadership and critical thinking skills
• Ability to work in a team environment
• Competencies: Initiative; Teamwork; Relationship Building; Communication; Technical Functional; Strategic Business Focus

Internship Information

• Office locations: Bloomington, IL; Dunwoody, GA; Richardson, TX, Tempe, AZ
• Our internship will occur: June 2, 2027 to August 11, 2027
• Hourly Rate: $30.00/hour based on a 38.75-hour work week (Monday-Friday)
• In addition, interns selected for our summer internship program will be eligible for a $2,000 stipend (before taxes)
• Hybrid work environment - Combination of in-office time (at one of the locations noted above), and working from home
• Competitive candidates will be invited to participate in online interviews during the fall of 2026
• Internship Program Eligibility: To be eligible for the internship program, you must be a full-time student currently enrolled in a GRADUATE program throughout the duration of the internship, with at least one semester remaining following the internship. Graduation date of Dec. 2027 or later.

What’s In It For You

• Competitive Pay
• A Learning Culture: Mentoring, Employee Development, and more!
• Volunteer opportunities: Get involved and give back to the community!
• We embrace Diversity and Inclusion: We are one team and it is simply the right thing to do!

What You Can Expect

Application deadline is expected to close on 11/8/26. Applicant volume and hiring needs may result in early closure or extension beyond the listed deadline, so apply as soon as possible!

• Competitive candidates may be invited to participate in the interview process. This is where the excitement begins!
• 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.

Our Benefits

We are excited to offer our interns a tailored set of benefits with a range of valuable perks to help support you during your time with us!

Time Off

• 40 hours of Life Leave
• Military Leave

Financial Benefits

• 401(K) Savings Plan (Eligible at age 18)
• Mutual Funds (Eligible at age 18)
• Commuter Benefits

Miscellaneous Benefits

• Wellness programs
• US Discount program
• Good Neighbor Grant program
• Matching Gift program
• Employee Assistance Fund
• Company Holidays