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The differences between business interns and summer analysts can be seen in a few details. Each job has different responsibilities and duties. Additionally, a summer analyst has an average salary of $66,837, which is higher than the $35,282 average annual salary of a business internship.
The top three skills for a business internship include customer service, power bi and visualization. The most important skills for a summer analyst are strong analytical, financial statements, and capital markets.
| Business Internship | Summer Analyst | |
| Yearly salary | $35,282 | $66,837 |
| Hourly rate | $16.96 | $32.13 |
| Growth rate | 11% | 9% |
| Number of jobs | 97,196 | 44,912 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 80% |
| Average age | 44 | 40 |
| Years of experience | - | 4 |
In a business internship, the responsibilities will vary by the directives given by the supervising staff. However, one of the primary duties as an intern is to perform support-related tasks for the department or office where they are assigned. An intern may participate in marketing research and analysis, devising sales strategies, producing progress reports and presentations, and even handling social media accounts for public relations, all while under the supervision of a more experienced colleague.
Summer analysts are people who undertake an internship within a banking institution. These professionals perform analyses of detailed financial and corporate information. They establish statistical exhibits analyzing comparative financial performance. It is their responsibility to create models illustrating projected financial results, which is of great value to the companies. The skills necessary for this job include knowledge of financial statements, equity, portfolio companies, and financial models. They should also develop due diligence, strong communication, asset allocation knowledge, and attention to detail.
Business interns and summer analysts have different pay scales, as shown below.
| Business Internship | Summer Analyst | |
| Average salary | $35,282 | $66,837 |
| Salary range | Between $27,000 And $44,000 | Between $43,000 And $102,000 |
| Highest paying City | Jersey City, NJ | - |
| Highest paying state | Alaska | - |
| Best paying company | Sandia National Labs | - |
| Best paying industry | Professional | - |
There are a few differences between a business internship and a summer analyst in terms of educational background:
| Business Internship | Summer Analyst | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 80% |
| Most common major | Business | Finance |
| Most common college | University of Southern California | University of Pennsylvania |
Here are the differences between business interns' and summer analysts' demographics:
| Business Internship | Summer Analyst | |
| Average age | 44 | 40 |
| Gender ratio | Male, 55.0% Female, 45.0% | Male, 72.5% Female, 27.5% |
| Race ratio | Black or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4% | Black or African American, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 11% | 7% |