How To Become A Finance Advising Internship: What It Is and Career Path

What is a finance advising internship and how to become one

Updated January 8, 2025

4 min read

Quoted expert

Kevin Alston MBA

If your goal is to become a financial advisor, undergoing a financial advising internship can be a catalyst in your career. As a financial advising intern, you will take classes and training that will help you learn the ropes of being a successful financial advisor.

During training, your responsibilities as an intern will likely include conducting market research, learning about various investment vehicles, building your reporting skills, providing assistance in business development, and developing strong business acumen. You will also get to learn how to deal with different types of clients and how to expand your network when you become a fully-fledged financial advisor.

Before becoming a financial advising intern, you must first complete a bachelor's degree in finance, business, management, or a related field, at the very least. Many internships also require a minimum of 3.0 GPA on a 4.0 scale. More than that, you must display a strong sense of entrepreneurship and a palpable passion for becoming a financial advisor to make yourself stand out to companies.

What general advice would you give to a finance advising internship?

Kevin Alston MBA

Doctoral Candidate DBA, Southwestern College

Ensure that you are marketable and are considered a commodity. What that means is the firm that you are interested in joining should consider your skills and knowledge an invaluable commodity. One who stands head and shoulders above the competition.

ScoreFinance Advising InternshipUS Average

Salary

4.6

Avg. Salary $58,376

Avg. Salary $59,228

Stability level

6.6

Growth rate 15%

Growth rate 0.3%

Diversity

5.0

Race

American Indian and Alaska Native 0.11%

Asian 8.58%

Black or African American 5.80%

Hispanic or Latino 9.66%

Unknown 4.38%

White 71.47%

Gender

female 40.05%

male 59.95%

Age - 44

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 44

Stress level

6.6

Stress level is high

7.1 - high

Complexity level

8.8

Complexity level is advanced

7 - challenging

Work life balance

5.6

Work life balance is fair

6.4 - fair

Key steps to become a finance advising internship

Explore finance advising internship education requirements

Most common finance advising internship degrees

Bachelor's

77.3 %

Master's

10.4 %

Associate

7.4 %

Start to develop specific finance advising internship skills

Skills	Percentages
Client Portfolios	12.52%
Life Insurance	4.97%
Student Athletes	3.61%
Client Data	3.26%
Wealth Management	3.24%

Complete relevant finance advising internship training and internships

Accountants spend an average of 1-2 years on post-employment, on-the-job training. New finance advising interns learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a finance advising internship based on U.S. Bureau of Labor Statistics data and data from real finance advising internship resumes.

Research finance advising internship duties and responsibilities

Manage and strengthen customer relationships through cross-selling and up-selling to maximize retention and income generation by contacting existing and prospective customers.
Compile capital vendor lists, analyze bank reconciliations, process goods receipt/invoice reports, and generate company codes while extensively learning excel
Develop fee-based blotter reporting program to address AUM reporting and compliance suitability.

Prepare your finance advising internship resume

When your background is strong enough, you can start writing your finance advising internship resume.

You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a finance advising internship resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

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