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The differences between accountant interns and fund accountants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both an accountant internship and a fund accountant. Additionally, a fund accountant has an average salary of $60,203, which is higher than the $33,484 average annual salary of an accountant internship.
The top three skills for an accountant internship include R, account management and powerpoint. The most important skills for a fund accountant are reconciliations, calculation, and securities.
| Accountant Internship | Fund Accountant | |
| Yearly salary | $33,484 | $60,203 |
| Hourly rate | $16.10 | $28.94 |
| Growth rate | 6% | 6% |
| Number of jobs | 82,924 | 35,702 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 84% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
An accounting intern is responsible for assisting an organization's accounting department, observing practical applications and processes, and performing accounting duties under the supervision of tenured accounting staff. Accounting interns support the accounting operations by preparing and organizing financial reports, helping with accounts reconciliation, researching financial and stock market trends, utilizing various accounting software, and managing feedback from their mentors. An accounting intern must be detail-oriented and a fast-learner, immediately adjusting to the company's culture and actively cooperating with the team to ensure a smooth flow of operations.
A fund accountant provides accounting for an investment portfolio. The investments needed include commodities, securities, and/or real estate in an investment fund like a hedge fund or mutual fund. The role of fund accountants includes activity capturing and recording. Fund accountants prepare accurate and timely values, distributions, yields, and fund accounting output for review. They manage activities associated with fund accounting and domestic equity transactions. Also, they work alongside supervisors when it comes to budget development.
Accountant interns and fund accountants have different pay scales, as shown below.
| Accountant Internship | Fund Accountant | |
| Average salary | $33,484 | $60,203 |
| Salary range | Between $24,000 And $45,000 | Between $44,000 And $80,000 |
| Highest paying City | Bellevue, WA | New York, NY |
| Highest paying state | Washington | New York |
| Best paying company | Novogradac | Warburg Pincus |
| Best paying industry | Media | Finance |
There are a few differences between an accountant internship and a fund accountant in terms of educational background:
| Accountant Internship | Fund Accountant | |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 84% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between accountant interns' and fund accountants' demographics:
| Accountant Internship | Fund Accountant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 46.4% Female, 53.6% | Male, 61.5% Female, 38.5% |
| Race ratio | Black or African American, 7.6% Unknown, 3.9% Hispanic or Latino, 9.9% Asian, 18.4% White, 59.8% American Indian and Alaska Native, 0.5% | Black or African American, 7.6% Unknown, 3.9% Hispanic or Latino, 9.9% Asian, 18.4% White, 59.7% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 7% | 7% |