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The differences between audit interns and tax analysts can be seen in a few details. Each job has different responsibilities and duties. Additionally, a tax analyst has an average salary of $61,745, which is higher than the $48,313 average annual salary of an audit internship.
The top three skills for an audit internship include audit procedures, risk assessments and CPA. The most important skills for a tax analyst are tax audits, reconciliations, and tax compliance.
| Audit Internship | Tax Analyst | |
| Yearly salary | $48,313 | $61,745 |
| Hourly rate | $23.23 | $29.69 |
| Growth rate | 6% | -7% |
| Number of jobs | 59,053 | 56,223 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 70% |
| Average age | 44 | 48 |
| Years of experience | - | 2 |
An audit intern is responsible for assisting the finance department in processing financial reports, analyzing account statements, releasing invoices, and conducting tax audits. Audit interns shadow tenured staff on the operation procedures to familiarize themselves with work processes. They are also tasked to do administrative and clerical duties under the supervision of a direct supervisor, such as writing reports, ensuring the accuracy of financial statements, responding to clients' inquiries and concerns, and escalating high-level complaints to the supervisor for immediate resolution.
A tax analyst specializes in managing and filing tax forms and tax returns, all while devising strategies to reduce tax payments legally. A tax analyst may work as a member of a company or independently. Moreover, in a company setting, the responsibilities of a tax analyst revolve around coordinating with different departments to obtain all necessary documentation and financial information, maintaining accurate and extensive records of all transactions, and resolving any issues or concerns. Furthermore, it is essential to remain updated with all the tax laws, all while adhering to the policies and regulations of the company.
Audit interns and tax analysts have different pay scales, as shown below.
| Audit Internship | Tax Analyst | |
| Average salary | $48,313 | $61,745 |
| Salary range | Between $32,000 And $71,000 | Between $43,000 And $87,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | Alaska | Maine |
| Best paying company | RSM US | Meta |
| Best paying industry | Professional | Technology |
There are a few differences between an audit internship and a tax analyst in terms of educational background:
| Audit Internship | Tax Analyst | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 70% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Southern California |
Here are the differences between audit interns' and tax analysts' demographics:
| Audit Internship | Tax Analyst | |
| Average age | 44 | 48 |
| Gender ratio | Male, 51.9% Female, 48.1% | Male, 42.9% Female, 57.1% |
| Race ratio | Black or African American, 7.4% Unknown, 3.9% Hispanic or Latino, 9.7% Asian, 17.9% White, 60.5% American Indian and Alaska Native, 0.4% | Black or African American, 13.1% Unknown, 3.4% Hispanic or Latino, 15.6% Asian, 11.1% White, 56.6% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 7% | 8% |