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The differences between financial analyst interns and analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a financial analyst internship and an analyst. Additionally, an analyst has an average salary of $73,007, which is higher than the $38,827 average annual salary of a financial analyst internship.
The top three skills for a financial analyst internship include financial models, data analysis and market research. The most important skills for an analyst are customer service, troubleshoot, and data analysis.
| Financial Analyst Internship | Analyst | |
| Yearly salary | $38,827 | $73,007 |
| Hourly rate | $18.67 | $35.10 |
| Growth rate | 9% | 11% |
| Number of jobs | 104,448 | 253,138 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 67% |
| Average age | 40 | 44 |
| Years of experience | 4 | 4 |
A financial analyst intern is responsible for supporting an organization with financial activities and tasks. Typical duties and responsibilities may include creating and analyzing financial reports, preparing financial statements, and helping with audits. You may be asked to perform some administrative tasks while observing the various aspects of portfolio management, accounting, and financial reporting. As a financial analyst intern, you are expected to conduct competitive analysis and market research and help prepare reports and recommendations on due diligence. You are also expected to join in on meetings and calls with company prospects.
Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes. They also research industry trends and data to make sound inferences and recommendations on what the company should do to improve their numbers. Analysts recommend business solutions and often help the organization roll out these solutions. They ensure that the proposed action plans are effective and produce the desired results.
Financial analyst interns and analysts have different pay scales, as shown below.
| Financial Analyst Internship | Analyst | |
| Average salary | $38,827 | $73,007 |
| Salary range | Between $28,000 And $52,000 | Between $53,000 And $99,000 |
| Highest paying City | - | Jersey City, NJ |
| Highest paying state | - | New Jersey |
| Best paying company | - | The Citadel |
| Best paying industry | - | Technology |
There are a few differences between a financial analyst internship and an analyst in terms of educational background:
| Financial Analyst Internship | Analyst | |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 67% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between financial analyst interns' and analysts' demographics:
| Financial Analyst Internship | Analyst | |
| Average age | 40 | 44 |
| Gender ratio | Male, 70.2% Female, 29.8% | Male, 52.4% Female, 47.6% |
| Race ratio | 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% | Black or African American, 7.4% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.3% White, 65.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 12% |