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Finance internship vs finance clerk

The differences between finance interns and finance clerks can be seen in a few details. Each job has different responsibilities and duties. Additionally, a finance clerk has an average salary of $39,225, 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 clerk are data entry, purchase orders, and HR.

Finance internship vs finance clerk overview

Finance InternshipFinance Clerk
Yearly salary$38,458$39,225
Hourly rate$18.49$18.86
Growth rate15%-5%
Number of jobs115,143143,372
Job satisfaction--
Most common degreeBachelor's Degree, 79%Bachelor's Degree, 44%
Average age4351
Years of experience-6

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 clerk do?

Finance clerks are financial professionals who are responsible for performing various administrative tasks such as keeping financial records, preparing bills, and delivering excellent customer service. These clerks are required to process bills, checks, receipts, and other documents to ensure that they are all properly signed and distributed. They must verify financial and other data so that they can enter those data into the database and maintain updated records. Finance clerks must also assist with account reconciliations and should report the status of accounts and discrepancies to the management.

Finance internship vs finance clerk salary

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

Finance InternshipFinance Clerk
Average salary$38,458$39,225
Salary rangeBetween $28,000 And $52,000Between $27,000 And $56,000
Highest paying CityNew York, NYNew York, NY
Highest paying stateNew YorkNew York
Best paying companyShearman & SterlingUnited States Courts
Best paying industryTelecommunicationGovernment

Differences between finance internship and finance clerk education

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

Finance InternshipFinance Clerk
Most common degreeBachelor's Degree, 79%Bachelor's Degree, 44%
Most common majorFinanceBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Finance internship vs finance clerk demographics

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

Finance InternshipFinance Clerk
Average age4351
Gender ratioMale, 64.6% Female, 35.4%Male, 26.2% Female, 73.8%
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, 6.9% Unknown, 4.0% Hispanic or Latino, 14.7% Asian, 6.6% White, 67.2% American Indian and Alaska Native, 0.6%
LGBT Percentage4%7%

Differences between finance internship and finance clerk 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 clerk example responsibilities.

  • Manage resident's private information for insurance verification, billing, and eligibility to apply for Medicaid.
  • Collaborate with insurance company representatives, case managers and physicians to obtain treatment authorization for potential kidney and kidney/pancreas transplant patients.
  • Write checks in the QuickBooks software to vendors and to reimburse employees.
  • Establish customer files in QuickBooks, write and test work instructions for clients, log and close complete files.
  • Produce PowerPoint presentations in order to brief the command team of the on goings within the company.
  • Used an automate information system (PeopleSoft) to edit, modify, and verify customers personal and payment information.
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Finance internship vs finance clerk skills

Common finance internship skills
  • Risk Management, 6%
  • Internal Audit, 6%
  • Power Bi, 6%
  • Math, 6%
  • First Hand, 5%
  • Data Analysis, 5%
Common finance clerk skills
  • Data Entry, 16%
  • Purchase Orders, 9%
  • HR, 5%
  • Bank Statements, 5%
  • Bank Deposits, 5%
  • Credit Card, 4%

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