What does a finance intern do?

Retail Banking Interns: most common type of intern for finance students.

The key duties of a retail banking intern:

• Helping customers choose the right financial product.

• Managing customer complaints and solving problems.

• Helping assess the financial condition of loan applications.

• Assisting in the promotion of the bank's services.

Investment Banking Interns: mainly focus on evaluating companies in case of mergers and acquisitions or raising capital.

The key duties of an investment banking intern:

• Developing financial models to value equity and debt for acquisitions, mergers, and capital-raising transactions.

• Analyzing stock market trends

• Assisting in the research of industries and companies.

Accounting Interns: one of the most important roles in the financial sector, accountants are responsible for bookkeeping the company's transactions.

Key duties of an accounting intern:

• Analyzes accounting options and afterward recommends financial actions.

• Assist in preparing financial reports by collecting and analyzing information.

• Help manage expenses by forecasting and budgeting.

Auditing Interns: monitor different business units' work to report their effectiveness.

Key duties of an auditing intern are:

• Reporting to the management.

• Developing recommendations to deal with the potential problems.

• Verifying assets and liabilities.

• Examining documentation, reports, operating practices, and records to ensure the established internal control.