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Accounting internship vs finance coordinator

The differences between accounting interns and finance coordinators can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both an accounting internship and a finance coordinator. Additionally, a finance coordinator has an average salary of $49,358, which is higher than the $30,642 average annual salary of an accounting internship.

The top three skills for an accounting internship include reconciliations, data entry and payroll. The most important skills for a finance coordinator are patients, customer service, and payroll.

Accounting internship vs finance coordinator overview

Accounting InternshipFinance Coordinator
Yearly salary$30,642$49,358
Hourly rate$14.73$23.73
Growth rate-5%-5%
Number of jobs80,299106,187
Job satisfaction-5
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 58%
Average age5151
Years of experience66

What does an accounting internship do?

An accounting internship is a trainee who reports to an organization's accountant in order to learn about the accounting field, complete financial projects and files taxes, and financial reports. An intern should be a graduate of a Bachelor's or Master's in Accounting and should have an aptitude for mathematics and proficiency with computers. In order to prepare financial reports, an intern should possess knowledge with bookkeeping software. An intern must also know how to handle sensitive information with honesty and integrity.

What does a finance coordinator do?

Finance coordinators are skilled professionals who are employed by all types of industries to manage their financial records accurately. Under the supervision of financial managers, they correlate the company's accounts receivables and payables. They should be able to keep records together with documentation effectively to ensure precision and punctuality of deliverables. Their responsibilities include ensuring accurate billing of customers, managing billing issues and disputes, and making required adjustments to clients' accounts. Candidates for the job must be organized, detail-oriented, able to multi-task as well as cautiously handle sensitive information.

Accounting internship vs finance coordinator salary

Accounting interns and finance coordinators have different pay scales, as shown below.

Accounting InternshipFinance Coordinator
Average salary$30,642$49,358
Salary rangeBetween $24,000 And $38,000Between $34,000 And $71,000
Highest paying CitySan Francisco, CAWashington, DC
Highest paying stateCaliforniaMaryland
Best paying companyBWX TechnologiesMcKinsey & Company Inc
Best paying industryTelecommunicationProfessional

Differences between accounting internship and finance coordinator education

There are a few differences between an accounting internship and a finance coordinator in terms of educational background:

Accounting InternshipFinance Coordinator
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 58%
Most common majorAccountingBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Accounting internship vs finance coordinator demographics

Here are the differences between accounting interns' and finance coordinators' demographics:

Accounting InternshipFinance Coordinator
Average age5151
Gender ratioMale, 53.3% Female, 46.7%Male, 22.1% Female, 77.9%
Race ratioBlack or African American, 6.7% Unknown, 4.0% Hispanic or Latino, 14.2% Asian, 6.5% White, 68.0% American Indian and Alaska Native, 0.6%Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.4% Asian, 6.5% White, 67.7% American Indian and Alaska Native, 0.6%
LGBT Percentage7%7%

Differences between accounting internship and finance coordinator duties and responsibilities

Accounting internship example responsibilities.

  • Acquire training on the automated ADP payroll system which lead to a recommendation for the payroll manager position.
  • Manage revenue ledger including other subsidiary ledgers and responsible for the reconciliation of various income accounts to ensure accuracy of postings.
  • Prepare and process accounts payable checks and ACH payments.
  • Code diagnosis and add appropriate modifiers to CPT codes.
  • Prepare and maintain monthly departmental reports to maintain SOX compliance.
  • Demonstrate knowledge of medical terminology, ICD-9 codes, and CPT codes.
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Finance coordinator example responsibilities.

  • Manage patient and insurance account receivables, perform patient account reconciliations, account audits, process insurance billing/correspondence.
  • Construct posts featuring highlights of past events on Facebook.
  • Enter EOB payments and denials and perform follow up with insurance company on denials.
  • Create promotional flyers for annual concerts and fundraisers which are posted through via Facebook and local areas.
  • Review and process EOB's daily, entering comments into the bill comment log as to status of follow up.
  • Produce basic PowerPoint presentation materials, including graphical renderings for illustration.
  • Show more

Accounting internship vs finance coordinator skills

Common accounting internship skills
  • Reconciliations, 14%
  • Data Entry, 7%
  • Payroll, 6%
  • First Hand, 6%
  • Work Ethic, 6%
  • Account Reconciliations, 5%
Common finance coordinator skills
  • Patients, 21%
  • Customer Service, 11%
  • Payroll, 5%
  • Reconciliations, 4%
  • Data Entry, 3%
  • Insurance Benefits, 3%

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