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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 | Finance Analyst | |
| Yearly salary | $38,458 | $69,887 |
| Hourly rate | $18.49 | $33.60 |
| Growth rate | 15% | 9% |
| Number of jobs | 115,143 | 138,600 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 79% | Bachelor's Degree, 76% |
| Average age | 43 | 40 |
| Years of experience | - | 4 |
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.
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 interns and finance analysts have different pay scales, as shown below.
| Finance Internship | Finance Analyst | |
| Average salary | $38,458 | $69,887 |
| Salary range | Between $28,000 And $52,000 | Between $46,000 And $104,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | New York | Connecticut |
| Best paying company | Shearman & Sterling | The Citadel |
| Best paying industry | Telecommunication | Finance |
There are a few differences between a finance internship and a finance analyst in terms of educational background:
| Finance Internship | Finance Analyst | |
| Most common degree | Bachelor's Degree, 79% | Bachelor's Degree, 76% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance interns' and finance analysts' demographics:
| Finance Internship | Finance Analyst | |
| Average age | 43 | 40 |
| Gender ratio | Male, 64.6% Female, 35.4% | Male, 56.2% Female, 43.8% |
| Race ratio | Black 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 Percentage | 4% | 7% |