A finance intern assists the work of a financial institution getting hands-on education and experience about financial policies. He or she will be around for the development and implementation of payroll, budget control, accounting, and financial management practices.
Following the lead of an accountant or a finance director in the auditing or accounting processes, interns can get a glimpse of the daily activities the position requires while applying theoretical knowledge about the laws and regulations of the financial sector to real-life situations.
As usual, an internship is a great way to get one step ahead in the line for a nice spot as an employee in the financial sector. Whether it is a paid or unpaid placement, it will definitely be worth your while.
There is more than meets the eye when it comes to being a finance internship. For example, did you know that they make an average of $14.67 an hour? That's $30,513 a year!
There are certain skills that many finance 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 organizational skills, customer-service skills and initiative.
When it comes to the most important skills required to be a finance internship, we found that a lot of resumes listed 20.1% of finance interns included communication, while 10.0% of resumes included financial statements, and 7.0% of resumes included internal audit. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the finance internship job title. But what industry to start with? Most finance interns actually find jobs in the finance and technology industries.
If you're interested in becoming a finance internship, one of the first things to consider is how much education you need. We've determined that 77.3% of finance interns have a bachelor's degree. In terms of higher education levels, we found that 17.2% of finance interns have master's degrees. Even though most finance interns have a college degree, it's impossible 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 internship. When we researched the most common majors for a finance 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 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 internship. In fact, many finance internship jobs require experience in a role such as internship. Meanwhile, many finance interns also have previous career experience in roles such as sales associate or volunteer.