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Analyst internship hiring summary. Here are some key points about hiring analyst interns in the United States:
Here's a step-by-step analyst internship hiring guide:
An analyst internship is a student program where an intern is assigned to assist analyst professionals by analyzing business goals, objectives, and needs. Analyst interns assist in the planning and designing of business processes and suggest recommendations for improvement. They conduct research and analysis to support business operations and resolve issues using systems and data. They also help estimate the costs and benefits of multiple business actions and help the business organization launch new initiatives.
Before you post your analyst 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 analyst internship for hire on a part-time basis or as a contractor.
You should also consider the ideal background you'd like them an analyst internship to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire an analyst internship that fits the bill.
This list presents analyst internship salaries for various positions.
| Type of Analyst Internship | Description | Hourly rate |
|---|---|---|
| Analyst Internship | Financial analysts provide guidance to businesses and individuals making investment decisions. They assess the performance of stocks, bonds, and other types of investments. | $13-25 |
| Investment Analyst | An Investment Analyst provides research and information to help traders, fund managers and stock brokers make decisions about investments. They are hired by companies, investment trusts, stock trading and brokerage firms, and insurance providers. | $21-67 |
| Operations Analyst | Operations analysts serve an essential role within the operations team that supports data management, trade processes, client reporting, and problem resolution. They have to ensure data systems integrity by working closely with the operations team and the client support services manager... Show more | $21-43 |
Including a salary range in your analyst internship job description helps attract top candidates to the position. An analyst internship salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.
For example, the average salary for an analyst internship in Utah may be lower than in Washington, and an entry-level analyst internship usually earns less than a senior-level analyst internship. Additionally, an analyst internship with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Washington | $47,730 | $23 |
| 2 | California | $47,176 | $23 |
| 3 | New York | $46,178 | $22 |
| 4 | Connecticut | $45,876 | $22 |
| 5 | Massachusetts | $44,955 | $22 |
| 6 | Michigan | $44,542 | $21 |
| 7 | New Jersey | $43,743 | $21 |
| 8 | Pennsylvania | $43,460 | $21 |
| 9 | Virginia | $40,585 | $20 |
| 10 | Oregon | $40,448 | $19 |
| 11 | Delaware | $40,137 | $19 |
| 12 | Arizona | $39,255 | $19 |
| 13 | Minnesota | $38,802 | $19 |
| 14 | Maryland | $38,005 | $18 |
| 15 | Colorado | $37,836 | $18 |
| 16 | Illinois | $37,758 | $18 |
| 17 | North Carolina | $36,798 | $18 |
| 18 | Texas | $36,419 | $18 |
| 19 | Ohio | $36,248 | $17 |
| 20 | Florida | $35,761 | $17 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | $55,420 | $26.64 | 57 | |
| 2 | AssetMark | $54,475 | $26.19 | 1 |
| 3 | Walter P Moore | $53,788 | $25.86 | 1 |
| 4 | Barclays | $51,821 | $24.91 | 23 |
| 5 | Ball | $51,680 | $24.85 | 9 |
| 6 | Oracle | $50,930 | $24.49 | 926 |
| 7 | W. R. Berkley | $50,906 | $24.47 | 11 |
| 8 | BNP Paribas | $48,768 | $23.45 | 6 |
| 9 | RingCentral | $48,380 | $23.26 | 1 |
| 10 | Mutual of Omaha | $47,990 | $23.07 | 1 |
| 11 | BD | $47,789 | $22.98 | 3 |
| 12 | Protective Insurance | $47,167 | $22.68 | |
| 13 | Frontier | $47,138 | $22.66 | |
| 14 | Volvo Trucks | $46,989 | $22.59 | 3 |
| 15 | HUB International | $46,945 | $22.57 | 9 |
| 16 | Accenture | $46,128 | $22.18 | 31 |
| 17 | Auto-Owners Insurance | $45,750 | $22.00 | 4 |
| 18 | CITGO Petroleum | $45,718 | $21.98 | |
| 19 | Northrop Grumman | $45,592 | $21.92 | 44 |
| 20 | Intel | $45,479 | $21.86 |
A job description for an analyst internship role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's an analyst internship job description:
There are various strategies that you can use to find the right analyst internship for your business:
To successfully recruit analyst 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.
You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've selected the best analyst internship candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing the agreement with a contract.
It's also good etiquette to follow up with applicants who don't get the job by sending them an email letting them know that the position has been filled.
Once that's done, you can draft an onboarding schedule for the new analyst internship. Human Resources should complete Employee Action Forms and ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc. They should also ensure that new employee files are created for internal recordkeeping.
There are different types of costs for hiring analyst interns. One-time cost per hire for the recruitment process. Ongoing costs include employee salary, training, onboarding, benefits, insurance, and equipment. It is essential to consider all of these costs when evaluating hiring a new analyst internship employee.
The median annual salary for analyst interns is $38,569 in the US. However, the cost of analyst internship hiring can vary a lot depending on location. Additionally, hiring an analyst internship for contract work or on a per-project basis typically costs between $13 and $25 an hour.