2023 Fall Intern - MAGNet Program @ Arizona State University

State Farm has developed a unique internship opportunity for graduate students: the Modeling and Analytics Graduate Network (MAGNet). This internship opportunity is now available to graduate students enrolled in Actuarial Science, Statistics, or Applied Mathematics at Arizona State University (ASU). In this year-round internship, MAGNet interns apply their statistical modeling and analytic skills to a wide variety of business problems faced by State Farm.

Graduate students in Actuarial Science, Statistics, and Applied Mathematics will be 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, including Atlanta, GA; Bloomington, IL; Dallas, TX; Phoenix, AZ.

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

• Logistics:

  •During Fall Semester, MAGNet interns work 20 hours a week

  •Duration: Fall Semester (8/17/2023 to 12/3/2023)

  •Convenient location: State Farm's Marina Heights Hub is walking distance from campus

• 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

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. Some State Farm benefits may also apply, including the following:

• 401(k)

• Medical, Dental, and Vision Insurance

• Paid Time-Off, including specific leave for community service

• Applicants accepted to or currently enrolled in the graduate Actuarial Science, Statistics, or Applied Math programs at ASU

• Applicants with experience in:

 •Statistical modeling and/or data mining

 •Data analysis and database tools

 •Computer programming (especially Python, R, or SAS)

 •Communicating and presenting technical work