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The differences between finance interns and finance coordinators can be seen in a few details. Each job has different responsibilities and duties. Additionally, a finance coordinator has an average salary of $49,358, 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 coordinator are patients, customer service, and payroll.
| Finance Internship | Finance Coordinator | |
| Yearly salary | $38,458 | $49,358 |
| Hourly rate | $18.49 | $23.73 |
| Growth rate | 15% | -5% |
| Number of jobs | 115,143 | 106,187 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 79% | Bachelor's Degree, 58% |
| Average age | 43 | 51 |
| Years of experience | - | 6 |
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.
Finance coordinators are skilled professionals who are employed by all types of industries to manage their financial records accurately. Under the supervision of financial managers, they correlate the company's accounts receivables and payables. They should be able to keep records together with documentation effectively to ensure precision and punctuality of deliverables. Their responsibilities include ensuring accurate billing of customers, managing billing issues and disputes, and making required adjustments to clients' accounts. Candidates for the job must be organized, detail-oriented, able to multi-task as well as cautiously handle sensitive information.
Finance interns and finance coordinators have different pay scales, as shown below.
| Finance Internship | Finance Coordinator | |
| Average salary | $38,458 | $49,358 |
| Salary range | Between $28,000 And $52,000 | Between $34,000 And $71,000 |
| Highest paying City | New York, NY | Washington, DC |
| Highest paying state | New York | Maryland |
| Best paying company | Shearman & Sterling | McKinsey & Company Inc |
| Best paying industry | Telecommunication | Professional |
There are a few differences between a finance internship and a finance coordinator in terms of educational background:
| Finance Internship | Finance Coordinator | |
| Most common degree | Bachelor's Degree, 79% | Bachelor's Degree, 58% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance interns' and finance coordinators' demographics:
| Finance Internship | Finance Coordinator | |
| Average age | 43 | 51 |
| Gender ratio | Male, 64.6% Female, 35.4% | Male, 22.1% Female, 77.9% |
| 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, 6.8% Unknown, 4.0% Hispanic or Latino, 14.4% Asian, 6.5% White, 67.7% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 4% | 7% |