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.
How to Become a Finance Advising Internship
There is more than meets the eye when it comes to being a finance advising internship. For example, did you know that they make an average of $25.51 an hour? That's $53,071 a year!
Between 2018 and 2028, the career is expected to grow 7% and produce 19,100 job opportunities across the U.S.
What Does a Finance Advising Internship Do
There are certain skills that many finance advising interns have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed interpersonal skills, sales skills and speaking skills.
How To Become a Finance Advising Internship
If you're interested in becoming a finance advising internship, one of the first things to consider is how much education you need. We've determined that 77.3% of finance advising interns have a bachelor's degree. In terms of higher education levels, we found that 10.4% of finance advising interns have master's degrees. Even though most finance advising interns have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a finance advising internship. When we researched the most common majors for a finance advising internship, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on finance advising internship resumes include associate degree degrees or high school diploma degrees.
You may find that experience in other jobs will help you become a finance advising internship. In fact, many finance advising internship jobs require experience in a role such as internship. Meanwhile, many finance advising interns also have previous career experience in roles such as sales associate or volunteer.
Finance Advising Internship Career Paths
As you move along in your career, you may start taking on more responsibilities or notice that you've taken on a leadership role. Using our career map, a finance advising internship can determine their career goals through the career progression. For example, they could start out with a role such as finance advisor, progress to a title such as finance consultant and then eventually end up with the title management accounts manager.
Average Salary for a Finance Advising Internship
What Am I Worth?
Top Colleges for Finance Advising Internships
1. University of Pennsylvania
Philadelphia, PA • Private
2. Northwestern University
Evanston, IL • Private
3. University of Minnesota - Twin Cities
Minneapolis, MN • Private
4. Howard University
Washington, DC • Private
5. University of Southern California
Los Angeles, CA • Private
6. SUNY at Binghamton
Vestal, NY • Private
7. Pennsylvania State University
University Park, PA • Private
8. Villanova University
Villanova, PA • Private
9. San Diego State University
San Diego, CA • Private
10. University of Wisconsin - Madison
Madison, WI • Private
Top Skills For a Finance Advising Internship
The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 13.4% of finance advising interns listed new clients on their resume, but soft skills such as interpersonal skills and sales skills are important as well.
Choose From 10+ Customizable Finance Advising Internship Resume templates
Zippia allows you to choose from different easy-to-use Finance Advising Internship templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Finance Advising Internship resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.
Finance Advising Internship Demographics
Finance Advising Internship Gender Distribution
After extensive research and analysis, Zippia's data science team found that:
- Among finance advising interns, 40.0% of them are women, while 60.0% are men.
- The most common race/ethnicity among finance advising interns is White, which makes up 75.9% of all finance advising interns.
- The most common foreign language among finance advising interns is Spanish at 34.2%.
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How Do Finance Advising Internship Rate Their Jobs?
Top Finance Advising Internship Employers
Most Common Employers For Finance Advising Internship
| Rank | Company | Average Salary | Hourly Rate | Job Openings |
|---|---|---|---|---|
| 1 | Morgan Stanley | $121,711 | $58.51 | 83 |
| 2 | Citi | $77,335 | $37.18 | 14 |
| 3 | New York Life Insurance | $77,294 | $37.16 | 16 |
| 4 | Northwestern Mutual | $69,431 | $33.38 | 117 |
| 5 | LPL Financial | $66,046 | $31.75 | 13 |
| 6 | Edward Jones | $63,633 | $30.59 | 110 |
| 7 | Ameriprise Financial | $62,852 | $30.22 | 56 |
| 8 | UBS | $62,846 | $30.21 | 54 |
| 9 | Raymond James Financial | $61,041 | $29.35 | 22 |
| 10 | Bank of China USA | $58,834 | $28.29 | 11 |