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Working as a Finance Internship

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!

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.

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.

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 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.

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Average Salary$30,513
Job Growth Rate7%

Finance Internship Career Paths

Top Careers Before Finance Internship

Top Careers After Finance Internship

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Average Salary for a Finance Internship

Finance Interns in America make an average salary of $30,513 per year or $15 per hour. The top 10 percent makes over $42,000 per year, while the bottom 10 percent under $21,000 per year.
Average Salary
$30,513

Best Paying Cities

City
Average Salary
Boston, MA
Salary Range28k - 56k$40k$40,237
New York, NY
Salary Range28k - 56k$40k$39,827
Santa Rosa, CA
Salary Range26k - 51k$37k$36,756
Phoenix, AZ
Salary Range25k - 45k$34k$34,213
San Antonio, TX
Salary Range23k - 43k$32k$32,171
McLean, VA
Salary Range23k - 42k$32k$31,612
$18k
$56k

Recently Added Salaries

Job TitleCompanyCompanyStart DateSalary
Summer 2021-Finance Intern
Summer 2021-Finance Intern
Workiva
Workiva
01/28/2021
01/28/2021
$35,47901/28/2021
$35,479
Summer 2021-Finance Intern
Summer 2021-Finance Intern
Workiva
Workiva
01/28/2021
01/28/2021
$35,47901/28/2021
$35,479
PTS College Intern, Finance
PTS College Intern, Finance
City of Santa Clarita, Ca
City of Santa Clarita, Ca
01/27/2021
01/27/2021
$33,45501/27/2021
$33,455
Finance Intern
Finance Intern
Asset Mark
Asset Mark
01/27/2021
01/27/2021
$31,30501/27/2021
$31,305
Administrative Summer Intern-Patient Financial Services
Administrative Summer Intern-Patient Financial Services
Dana-Farber Cancer Institute
Dana-Farber Cancer Institute
01/27/2021
01/27/2021
$31,30501/27/2021
$31,305
See More Recent Salaries

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Finance Internship Resumes

Designing and figuring out what to include on your resume can be tough, not to mention time-consuming. That's why we put together a guide that is designed to help you craft the perfect resume for becoming a Finance Internship. If you're needing extra inspiration, take a look through our selection of templates that are specific to your job.

Learn How To Write a Finance Internship Resume

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

View Detailed Information

Finance Internship Demographics

Gender

male

55.3 %

female

31.7 %

unknown

12.9 %

Ethnicity

White

57.4 %

Hispanic or Latino

15.8 %

Black or African American

13.0 %

Foreign Languages Spoken

Spanish

25.0 %

Mandarin

17.9 %

Chinese

17.0 %
See More Demographics

Finance Internship Education

Majors

Finance
33.0 %
Business
22.4 %

Degrees

Bachelors

77.3 %

Masters

17.2 %

Associate

2.2 %

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 • Public

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 • Public

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 • Public

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

10. Stanford University

Stanford, CA • Private

In-State Tuition
$51,354
Enrollment
7,083
See More Education Info
Job type you want
Full Time
Part Time
Internship
Temporary

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 Massachusetts, Connecticut, New York, and New Hampshire. Finance interns make the most in Massachusetts with an average salary of $40,231. Whereas in Connecticut and New York, they would average $40,081 and $39,730, respectively. While finance interns would only make an average of $37,315 in New Hampshire, 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. Connecticut

Total Finance Internship Jobs:
161
Highest 10% Earn:
$75,000
Location Quotient:
1.3
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. Massachusetts

Total Finance Internship Jobs:
387
Highest 10% Earn:
$74,000
Location Quotient:
1.18
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. New York

Total Finance Internship Jobs:
737
Highest 10% Earn:
$74,000
Location Quotient:
1.44
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
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Top Finance Internship Employers

1. Northwestern Mutual
4.9
Avg. Salary: 
$32,361
Finance Internships Hired: 
880+
2. Morgan Stanley
4.9
Avg. Salary: 
$35,515
Finance Internships Hired: 
280+
3. Citi
4.8
Avg. Salary: 
$35,504
Finance Internships Hired: 
176+
4. UBS
4.8
Avg. Salary: 
$77,455
Finance Internships Hired: 
168+
5. Equitable
4.5
Avg. Salary: 
$32,082
Finance Internships Hired: 
161+
6. Industrial Bank
3.6
Avg. Salary: 
$32,499
Finance Internships Hired: 
148+
Updated October 2, 2020