πŸ“
Tempe, AZ

2026 Spring Intern - MAGNet Program @ Arizona State University

Internship
Finance
Data / Analytics
Posted:
December 28, 2025

State Farm

U.S. mutual insurance and banking
71.6
Palpable Score
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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!

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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.

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It is not feasible to expose interns to the full variety of topics they need to be familiar with for full-time data science work in a single semester. As such, the MAGNet internship is designed to last the duration of an intern's graduate studies with renewal on a semester-by-semester basis. This means that while this position is hiring for the Spring 2026 semester, the intern may be invited to return for following semester(s), based on the intern's growth and progress relative to the internship's expectations. To continue in the MAGNet program, it is expected that an intern continues to renew their internship throughout their graduate program for the Spring, Summer, and Fall semesters as applicable. If you are looking for a summer or other short-term internship, MAGNet is not the right fit for you, but you may be interested in State Farm's summer internship programs.

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Graduate students at the Arizona State University 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: Tempe, AZ; Bloomington, IL; Dallas, TX; or Atlanta, GA.

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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:

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Please note: This is a hybrid internship in Tempe, AZ and relocation assistance is not offered.

‍Grow Your Skills, Grow Your Potential

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‍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:

Β  β€’ Pricing and Underwriting Risk Predictive Modeling

Β  β€’ Claims Automation Predictive Modeling

Β  β€’ Sales/Growth Forecasting, Econometric and Predictive Modeling

Β  β€’ Data mining applications for Claims and Competitive Analysis

Β  β€’ Evaluating new statistical methods and tools for potential use by State Farm data scientists

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What You Can Expect:

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‍Qualifications‍

We Are Looking For:

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Internship Program Eligibility: Applicants with 3-6 semesters (including summer) remaining in their graduate program (i.e. are planning to graduate between Dec 2026 and Dec 2027)

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*****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*****

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About the company

State Farm

Company overview
State Farm is a U.S.-focused insurance and financial services group best known for auto and home insurance, alongside life, health, and related financial products. The company sells largely through a nationwide network of independent contractor agents, supported by large corporate teams in claims, underwriting, technology, analytics, customer operations, and investment functions. State Farm also runs major catastrophe and claims operations that scale up during severe weather events and other large loss periods. The company is headquartered in Bloomington, Illinois.

Locations and presence

State Farm’s corporate headquarters address is One State Farm Plaza in Bloomington, Illinois. Many corporate roles operate from hub locations such as Bloomington (IL), Richardson (TX), Tempe (AZ), and Dunwoody (GA), and company reporting shows a workforce mix that leans heavily hybrid and remote rather than fully in-office.

Palpable Score

71.6
/ 100
State Farm offers meaningful early-career entry points through recurring internships and at least one structured graduate pipeline (MAGNet) that pairs real work with funded education. The hiring process has some published structure and common assessment steps, but public candidate experiences still point to inconsistent timelines and closure. Learning benefits and development support are a standout, while early-career outcomes are visible through select pipelines and stories rather than published cohort metrics.
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