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Finance internship vs finance coordinator

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 vs finance coordinator overview

Finance InternshipFinance Coordinator
Yearly salary$38,458$49,358
Hourly rate$18.49$23.73
Growth rate15%-5%
Number of jobs115,143106,187
Job satisfaction-5
Most common degreeBachelor's Degree, 79%Bachelor's Degree, 58%
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 coordinator do?

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 internship vs finance coordinator salary

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

Finance InternshipFinance Coordinator
Average salary$38,458$49,358
Salary rangeBetween $28,000 And $52,000Between $34,000 And $71,000
Highest paying CityNew York, NYWashington, DC
Highest paying stateNew YorkMaryland
Best paying companyShearman & SterlingMcKinsey & Company Inc
Best paying industryTelecommunicationProfessional

Differences between finance internship and finance coordinator education

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

Finance InternshipFinance Coordinator
Most common degreeBachelor's Degree, 79%Bachelor's Degree, 58%
Most common majorFinanceBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Finance internship vs finance coordinator demographics

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

Finance InternshipFinance Coordinator
Average age4351
Gender ratioMale, 64.6% Female, 35.4%Male, 22.1% Female, 77.9%
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, 6.8% Unknown, 4.0% Hispanic or Latino, 14.4% Asian, 6.5% White, 67.7% American Indian and Alaska Native, 0.6%
LGBT Percentage4%7%

Differences between finance internship and finance coordinator 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.
  • Show more

Finance coordinator example responsibilities.

  • Manage patient and insurance account receivables, perform patient account reconciliations, account audits, process insurance billing/correspondence.
  • Construct posts featuring highlights of past events on Facebook.
  • Enter EOB payments and denials and perform follow up with insurance company on denials.
  • Create promotional flyers for annual concerts and fundraisers which are posted through via Facebook and local areas.
  • Review and process EOB's daily, entering comments into the bill comment log as to status of follow up.
  • Produce basic PowerPoint presentation materials, including graphical renderings for illustration.
  • Show more

Finance internship vs finance coordinator skills

Common finance internship skills
  • Risk Management, 6%
  • Internal Audit, 6%
  • Power Bi, 6%
  • Math, 6%
  • First Hand, 5%
  • Data Analysis, 5%
Common finance coordinator skills
  • Patients, 21%
  • Customer Service, 11%
  • Payroll, 5%
  • Reconciliations, 4%
  • Data Entry, 3%
  • Insurance Benefits, 3%

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