Spring 2027 Intern - MAGNet Program @ University of Illinois Urbana-Champaign

State Farm; Champaign (IL); Hybrid; USD 41,000 - 58,000; Part time

Benefits offered by this job

401k retirement plan

Medical, dental, and vision insurance

Paid time off

Full tuition assistance

Job summary

State Farm offers the MAGNet internship in Champaign, IL, a hybrid program designed to prepare graduates for full-time data science roles. Interns work across lines of business, applying predictive modeling and analytics techniques while gaining mentorship and networking opportunities within a Fortune 50 company.

The role emphasizes collaboration, learning, and development with a focus on real-world impact and diversity & inclusion as part of State Farm’s culture.

Qualifications

• Applicants must be accepted with a Spring 2027 start date in an in-person graduate program at UIUC.
• Currently enrolled in a graduate program at UIUC (Spring 2027 start).
• Fields include Statistics, Mathematics, Computer Science, Economics, Actuarial Science, Data Science.
• 3–6 semesters remaining in graduate program (Dec 2027 to Dec 2028).
• Experience in statistical modeling and/or data mining, data analysis, and database tools.
• Programming in Python, SAS, or R; ability to communicate technical work.
• Hybrid position requiring weekly in-office presence in Champaign.

Responsibilities

• Apply predictive modeling and data analysis to varied data science problems across departments.
• Engage in pricing and underwriting risk predictive modeling, claims automation modeling, and forecasting.
• Use data mining for claims and competitive analysis; evaluate new statistical methods and tools.

Skills

Statistical modeling

Data mining

Data analysis

Python

SAS

R

Communication of technical work

Education

Graduate program at University of Illinois – Urbana-Champaign

Job description

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.

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 Champaign, IL and relocation assistance is not offered.

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
• Pay: $36/hour
• Duration: 1/19/2027 to 5/6/2027
• 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 in University of Illinois Research Park.
• 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 (with a Spring 2027 start date) or currently enrolled in an approved in-person Graduate program at University of Illinois – Urbana-Champaign:
• Statistics
• Mathematics
• Computer Science
• Economics
• Actuarial Science
• Data Science
• Applicants with 3-6 semesters (including summer) remaining in their graduate program (i.e. are planning to graduate between December 2027 and Dec 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 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.

NOTE: 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*****

Our Benefits

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.

• Get Paid! On top of our competitive pay, you are eligible for an annual raise and bonus.
• 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.

Visit our State Farm Careers page for more information on our benefits, locations, and the hiring process of joining the State Farm team!