Overview
We provide competitive benefits and compensation, including the potential for an annual financial award based on individual and enterprise performance. Our employees have the chance to participate in volunteer events and make a positive impact in their communities. We also foster a learning culture and offer various programs to support employee development, such as tuition reimbursement, professional designations, wellness initiatives, and more!
For detailed information about our benefits, available locations, and the process of joining the State Farm team, please visit our Careers page. We look forward to welcoming you to our team!
Responsibilities
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State Farm has an exciting internship opportunity available for graduate students known as the Modeling and Analytics Graduate Network (MAGNet). This internship is specifically designed for students enrolled in Actuarial Science, Statistics, or Mathematics programs at Arizona State University (ASU). MAGNet interns will have the chance to apply their statistical modeling and analytics skills to a wide range of business challenges faced by State Farm.
We are particularly interested in graduate students who possess a strong understanding of statistical techniques in Actuarial Science, Statistics, and Mathematics. By participating in the MAGNet program, students will not only gain valuable experience but also be considered for full-time employment at various State Farm locations, including Atlanta, GA; Bloomington, IL; Dallas, TX; and Phoenix, AZ.
During the MAGNet program, interns will have the opportunity to utilize their predictive modeling and data analysis skills to tackle data science problems across different lines of business and departments such as marketing, insurance, and process optimization. Some specific areas of focus include 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, as well as evaluating new statistical methods and tools for potential use by State Farm data scientists.
What You Can Expect:
- Logistics:
- MAGNet interns will work 20 hours a week during the Fall Semester.
- Duration: Fall Semester (8/22/2024 to 12/6/2024).
- Convenient location: State Farm's Marina Heights Hub is within walking distance from campus.
- Experience:
- Gain direct experience that will be valuable for your future career.
- Opportunity to learn from and network with industry-leading influencers.
- Benefit from a supportive learning environment with mentoring and development opportunities to help you succeed.
- Embrace a culture that values Diversity and Inclusion.
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What’s In It For You:
MAGNet offers a comparable experience to a 50% graduate assistantship provided by the University. Interns will receive hourly pay equivalent to that offered to graduate assistants at the University, along with full tuition assistance for the duration of the internship. Additionally, some State Farm benefits may apply, including:
- 401(k) retirement savings plan.
- Medical, dental, and vision insurance.
- Paid time off, including specific leave for community service.
- Logistics:
Qualifications
- Applicants who have been accepted to or are currently enrolled in graduate programs in Actuarial Science, Statistics, or Math Programs in the School of Mathematical and Statistical Sciences at ASU.
- Applicants with experience in the following areas:
- Statistical modeling and/or data mining.
- Data analysis and proficiency with database tools.
- Computer programming, particularly in Python, R, or SAS.
- Communicating and presenting technical work.