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Accounting internship hiring summary. Here are some key points about hiring accounting interns in the United States:
Here's a step-by-step accounting internship hiring guide:
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.
Before you post your accounting internship job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find an accounting internship for hire on a part-time basis or as a contractor.
Hiring the perfect accounting internship also involves considering the ideal background you'd like them to have. Depending on what industry or field they have experience in, they'll bring different skills to the job. It's also important to consider what levels of seniority and education the job requires and what kind of salary such a candidate would likely demand.
This list shows salaries for various types of accounting interns.
| Type of Accounting Internship | Description | Hourly rate |
|---|---|---|
| Accounting Internship | Bookkeeping, accounting, and auditing clerks produce financial records for organizations. They record financial transactions, update statements, and check financial records for accuracy. | $11-18 |
| Bookkeeper | Bookkeepers are employees who are in charge of the company's general ledger. They are well-versed in basic accounting principles, and they apply these in their work... Show more | $14-25 |
| Finance Clerk | Finance clerks are financial professionals who are responsible for performing various administrative tasks such as keeping financial records, preparing bills, and delivering excellent customer service. These clerks are required to process bills, checks, receipts, and other documents to ensure that they are all properly signed and distributed... Show more | $12-26 |
Including a salary range in the accounting internship job description is a good way to get more applicants. An accounting internship salary can be affected by several factors, such as the location of the job, the level of experience, education, certifications, and the employer's prestige.
For example, the average salary for an accounting internship in Arkansas may be lower than in California, and an entry-level engineer typically earns less than a senior-level accounting internship. Additionally, an accounting internship with lots of experience in the field may command a higher salary as a result.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $40,331 | $19 |
| 2 | Washington | $37,023 | $18 |
| 3 | Colorado | $36,690 | $18 |
| 4 | District of Columbia | $34,165 | $16 |
| 5 | Minnesota | $33,514 | $16 |
| 6 | Connecticut | $32,425 | $16 |
| 7 | Nevada | $31,556 | $15 |
| 8 | Texas | $31,483 | $15 |
| 9 | Montana | $31,402 | $15 |
| 10 | Massachusetts | $31,311 | $15 |
| 11 | Utah | $30,967 | $15 |
| 12 | New York | $30,867 | $15 |
| 13 | Idaho | $30,333 | $15 |
| 14 | Arizona | $29,841 | $14 |
| 15 | Wisconsin | $29,705 | $14 |
| 16 | Georgia | $28,910 | $14 |
| 17 | Nebraska | $28,690 | $14 |
| 18 | Illinois | $28,318 | $14 |
| 19 | Indiana | $27,808 | $13 |
| 20 | Missouri | $27,461 | $13 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | BWX Technologies | $61,221 | $29.43 | 9 |
| 2 | Los Alamos National Laboratory | $59,056 | $28.39 | 18 |
| 3 | National Grid plc | $49,604 | $23.85 | |
| 4 | CBIZ | $48,936 | $23.53 | 9 |
| 5 | Avid | $47,848 | $23.00 | |
| 6 | Arrow Electronics | $44,806 | $21.54 | 1 |
| 7 | LG&E and KU | $43,990 | $21.15 | |
| 8 | Spencer Stuart | $43,753 | $21.04 | |
| 9 | Control Risks | $43,341 | $20.84 | |
| 10 | Idaho Central Credit Union | $42,482 | $20.42 | |
| 11 | KPMG LLP | $40,808 | $19.62 | 61 |
| 12 | Wayfair | $40,248 | $19.35 | 1 |
| 13 | Doctors Hospital at Renaissance Health System | $39,960 | $19.21 | |
| 14 | Raytheon Technologies | $39,775 | $19.12 | 3 |
| 15 | Sinclair Broadcast Group | $39,663 | $19.07 | 4 |
| 16 | Ball | $38,515 | $18.52 | |
| 17 | Meridian Bioscience | $38,286 | $18.41 | |
| 18 | East Penn Manufacturing | $38,218 | $18.37 | |
| 19 | BNSF Railway | $37,691 | $18.12 | 7 |
| 20 | American Enterprise Institute | $37,501 | $18.03 |
An accounting internship job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. To help get you started, here's an example of an accounting internship job description:
To find the right accounting internship for your business, consider trying out a few different recruiting strategies:
To successfully recruit accounting interns, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.
Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've found the accounting internship candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.
You should also follow up with applicants who don't get the job with an email letting them know that you've filled the position.
To prepare for the new accounting internship first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.
Before you start to hire accounting interns, it pays to consider both the one-off costs like recruitment, job promotion, and onboarding, as well as the ongoing costs of an employee's salary and benefits. While most companies that hire accounting interns pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
You can expect to pay around $30,642 per year for an accounting internship, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for accounting interns in the US typically range between $11 and $18 an hour.