What is a Finance Internship

A finance intern assists the work of a financial institution getting hands-on education and experience about financial policies. He/She 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 $16.66 an hour? That's $34,658 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 Internship Do

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.

Learn more about what a Finance Internship does

How To Become a Finance Internship

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 78.6% of Finance Interns have a bachelor's degree. In terms of higher education levels, we found that 11.5% 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.

What is the right job for my career path?

Tell us your goals and we'll match you with the right jobs to get there.

And if you’re looking for a job, here are the five top employers hiring now:

  1. Morgan Stanley Jobs (280)
  2. Deloitte Jobs (95)
  3. PricewaterhouseCoopers Jobs (107)
  4. Ernst & Young Jobs (129)
  5. Citigroup Jobs (164)
Average Salary
$34,658
Average Salary
Job Growth Rate
7%
Job Growth Rate
Job Openings
140,717
Job Openings
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Finance Internship Career Paths

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Average Salary for a Finance Internship

Finance Interns in America make an average salary of $34,658 per year or $17 per hour. The top 10 percent makes over $46,000 per year, while the bottom 10 percent under $25,000 per year.
Average Salary
$34,658
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12 Finance Internship Resume Examples

Learn How To Write a Finance Internship Resume

At Zippia, we went through countless Finance Internship resumes and compiled some information about how to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

View Finance Internship Resume Examples And Templates

And if you’re looking for a job, here are the five top employers hiring now:

  1. Morgan Stanley Jobs (280)
  2. Deloitte Jobs (95)
  3. PricewaterhouseCoopers Jobs (107)
  4. Ernst & Young Jobs (129)
  5. Citigroup Jobs (164)

Choose From 10+ Customizable Finance Internship Resume templates

Zippia allows you to choose from different easy-to-use Finance Internship templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Finance Internship resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

Finance Internship Resume
Finance Internship Resume
Finance Internship Resume
Finance Internship Resume
Finance Internship Resume
Finance Internship Resume
Finance Internship Resume
Finance Internship Resume
Finance Internship Resume
Finance Internship Resume
Finance Internship Resume
Finance Internship Resume
Finance Internship Resume
Finance Internship Resume
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Finance Internship Resume

Finance Internship Demographics

Finance Internship Gender Statistics

male

64.6 %

female

35.4 %

Finance Internship Ethnicity Statistics

White

62.0 %

Hispanic or Latino

13.9 %

Black or African American

10.9 %

Finance Internship Foreign Languages Spoken Statistics

Spanish

25.0 %

Mandarin

17.9 %

Chinese

17.0 %
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Finance Internship Education

Finance Internship Majors

29.0 %
25.6 %

Finance Internship Degrees

Bachelors

78.6 %

Masters

11.5 %

Associate

5.7 %

Top Colleges for Finance Internships

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

4. San Diego State University

San Diego, CA • Private

In-State Tuition
$7,488
Enrollment
30,018

5. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

6. SUNY Stony Brook

Stony Brook, NY • Private

In-State Tuition
$9,625
Enrollment
17,407

7. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339

8. University of Notre Dame

Notre Dame, IN • Private

In-State Tuition
$53,391
Enrollment
8,568

9. University of Minnesota - Twin Cities

Minneapolis, MN • Private

In-State Tuition
$14,760
Enrollment
31,451

10. Stanford University

Stanford, CA • Private

In-State Tuition
$51,354
Enrollment
7,083
Job Openings

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Online Courses For Finance Internship That You May Like

Financial Accounting-Adjusting Entries & Financial Statement
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Adjusting entry creation, posting adjusting entries to a worksheet, creating financial statements from the trial balance...

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Subsidiary ledgers for accounts receivable & accounts payable. Special Journals - Sales journal, purchases journal...

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Top Skills For a Finance 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, 20.1% of Finance Interns listed Communication on their resume, but soft skills such as Organizational skills and Customer-service skills are important as well.

Best States For a Finance Internship

Some places are better than others when it comes to starting a career as a Finance Internship. The best states for people in this position are Hawaii, Connecticut, Delaware, and Nevada. Finance Interns make the most in Hawaii with an average salary of $42,017. Whereas in Connecticut and Delaware, they would average $41,770 and $41,344, respectively. While Finance Interns would only make an average of $41,110 in Nevada, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. Delaware

Total Finance Internship Jobs:
293
Highest 10% Earn:
$56,000
Location Quotient:
1.59
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Connecticut

Total Finance Internship Jobs:
664
Highest 10% Earn:
$55,000
Location Quotient:
1.36
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Vermont

Total Finance Internship Jobs:
198
Highest 10% Earn:
$45,000
Location Quotient:
1.75
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Full List Of Best States For Finance Interns

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Top Finance Internship Employers

We've made finding a great employer to work for easy by doing the hard work for you. We looked into employers that employ Finance Interns and discovered their number of Finance Internship opportunities and average salary. Through our research, we concluded that Northwestern Mutual was the best, especially with an average salary of $66,609. Morgan Stanley follows up with an average salary of $89,110, and then comes AXA with an average of $34,071. In addition, we know most people would rather work from home. So instead of having to change careers, we identified the best employers for remote work as a Finance Internship. The employers include Cigna, Kaiser Permanente, and Gartner

Becoming a Finance Internship FAQs

How long does it take to become a Finance Internship?

It takes one year or less to become a finance internship. That is the time it takes to learn specific finance internship skills, but does not account for time spent in formal education. If you include the normal education requirements to complete a college degree, then it takes 4 to 6 years years to become a finance internship.

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Do finance interns get paid?

Yes, finance interns typically get paid. It depends mostly on the employer but varies depending on the specific position, geographic location, and experience.

Some internships offer academic credit instead. However, many internships do offer pay with yearly salaries ranging from $26,000 to $47,000. At major companies and firms, the pay can be higher than $80,000.

The top-paying industries are finance, technonology, and manufacturing. The top-paying states are Massachusetts, New York, and Connecticut.

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How do I prepare for an internship in finance?

To prepare for an internship in finance, you generally need to be enrolled in an accredited university. Most internships require enrollment in a college/university in relevant finance, accounting, or business. Also, university programs typically offer academic credit for internships.

In general, it's important to do well in your classes and keep a high GPA, usually above a 3.0. To stand out on your resume, build your experience in other ways, such as taking specialized classes or joining finance-related clubs and activities.

The financial industry is competitive, and you'll want to differentiate yourself as best as you can by going beyond academics.

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What skills do you need for a finance internship?

The skills you need for a finance internship generally are communication, analysis, and management.

A finance internship is typically fast-paced, so you'll want to work efficiently in a busy environment. You'll also want to be familiar with Microsoft Office Suite, such as Excel and PowerPoint. Furthermore, excellent verbal and written communication skills will also be helpful.

Most of all, the specific hard skills you need vary depending on the position. However, some valuable skills to have are financial statements, internal audit, and risk management.

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