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Finance internship vs finance analyst

The differences between finance interns and finance analysts can be seen in a few details. Each job has different responsibilities and duties. Additionally, a finance analyst has an average salary of $69,887, which is higher than the $38,458 average annual salary of a finance internship.

The top three skills for a finance internship include risk management, internal audit and power bi. The most important skills for a finance analyst are financial analysis, financial models, and financial data.

Finance internship vs finance analyst overview

Finance InternshipFinance Analyst
Yearly salary$38,458$69,887
Hourly rate$18.49$33.60
Growth rate15%9%
Number of jobs115,143138,600
Job satisfaction--
Most common degreeBachelor's Degree, 79%Bachelor's Degree, 76%
Average age4340
Years of experience-4

What does a finance internship do?

A finance intern generally provides basic assistance on the financial institution while learning of its operations and complexities. Finance interns should be highly attentive on observing processes, assessing financial reports, familiarizing on records management, and supporting data entry procedures. Financial internships provide the best training grounds for interns who wanted to pursue a career in the financial industry. Financial interns, depending on the organization, will be given regular work assignments to practice their analytical and statistical skills which are very crucial in the financial system industry.

What does a finance analyst do?

A finance analyst is responsible for evaluating a company's financial data and historical reports to assess investment opportunities and provide accurate financial statements in support of business strategies and company performance prediction. A financial analyst's duties also include suggesting recommendations to boost operations efficiency and grow revenues, researching the current market performance and economic trends to adjust budget goals as needed, and managing client portfolios. Finance analysts must have excellent critical and analytical thinking skills to identify the best actions for the company's profitability.

Finance internship vs finance analyst salary

Finance interns and finance analysts have different pay scales, as shown below.

Finance InternshipFinance Analyst
Average salary$38,458$69,887
Salary rangeBetween $28,000 And $52,000Between $46,000 And $104,000
Highest paying CityNew York, NYSan Francisco, CA
Highest paying stateNew YorkConnecticut
Best paying companyShearman & SterlingThe Citadel
Best paying industryTelecommunicationFinance

Differences between finance internship and finance analyst education

There are a few differences between a finance internship and a finance analyst in terms of educational background:

Finance InternshipFinance Analyst
Most common degreeBachelor's Degree, 79%Bachelor's Degree, 76%
Most common majorFinanceBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Finance internship vs finance analyst demographics

Here are the differences between finance interns' and finance analysts' demographics:

Finance InternshipFinance Analyst
Average age4340
Gender ratioMale, 64.6% Female, 35.4%Male, 56.2% Female, 43.8%
Race ratioBlack or African American, 8.6% Unknown, 3.9% Hispanic or Latino, 9.6% Asian, 10.0% White, 67.6% American Indian and Alaska Native, 0.3%Black or African American, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1%
LGBT Percentage4%7%

Differences between finance internship and finance analyst duties and responsibilities

Finance internship example responsibilities.

  • Ensure office equipment run smoothly and properly and manage inventories, order equipment and supplies.
  • Manage team of underwriters and loan processors through the funding and secondary market sale of mortgage-backed securities.
  • Manage A/R and financial functions for large automotive global account, generating annual revenues in excess of $100M/contract year.
  • Manage administration of SalesForce accounts as well as creating and automating various business specific reports.
  • Manage financial statements and work independently to produce accurate records for petty cash, bank reconciliations, and data inventory.
  • Manage and strengthen customer relationships through cross-selling and up-selling to maximize retention and income generation by contacting existing and prospective customers.
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Finance analyst example responsibilities.

  • Manage company asset accounts, wire funds to clients and record and structure amounts into QuickBooks.
  • Manage the UAT team involve in the testing of an enterprise accounting and project management software.
  • Manage customer portfolio to department KPI's, target balance, aging metrics, cash recovery and write-off tolerance.
  • Manage contract database and SalesForce for historical research and financial reporting purposes.
  • Manage and maintain information in worldwide-military database which include exemptions, transfers, retirements, and payroll records.
  • Accomplish project accounting functions including project costing, time reporting, project accruals and proper capitalization of development costs.
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Finance internship vs finance analyst skills

Common finance internship skills
  • Risk Management, 6%
  • Internal Audit, 6%
  • Power Bi, 6%
  • Math, 6%
  • First Hand, 5%
  • Data Analysis, 5%
Common finance analyst skills
  • Financial Analysis, 9%
  • Financial Models, 5%
  • Financial Data, 5%
  • Strong Analytical, 4%
  • Variance Analysis, 4%
  • Hyperion, 3%

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