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The differences between financial analyst interns and associate 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 associate analyst. Additionally, an associate analyst has an average salary of $68,161, 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 associate analyst are customer service, powerpoint, and data analysis.
| Financial Analyst Internship | Associate Analyst | |
| Yearly salary | $38,827 | $68,161 |
| Hourly rate | $18.67 | $32.77 |
| Growth rate | 9% | 9% |
| Number of jobs | 104,448 | 97,311 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 72% |
| Average age | 40 | 40 |
| 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.
An associate analyst is an individual who is responsible for the research and investigation for a specific business process and department to help the senior staff make further decisions. Associate analysts must use their analytical skills to understand how the collected data can affect business decisions, then prepare reports that detail findings and recommend solutions. They must assist in developing new business models that can generate profits while reducing costs. Associate analysts can work in various industries ranging from finance and operations to information technology (IT) and marketing.
Financial analyst interns and associate analysts have different pay scales, as shown below.
| Financial Analyst Internship | Associate Analyst | |
| Average salary | $38,827 | $68,161 |
| Salary range | Between $28,000 And $52,000 | Between $47,000 And $98,000 |
| Highest paying City | - | San Francisco, CA |
| Highest paying state | - | New York |
| Best paying company | - | Apollo Global Management |
| Best paying industry | - | Finance |
There are a few differences between a financial analyst internship and an associate analyst in terms of educational background:
| Financial Analyst Internship | Associate Analyst | |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 72% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between financial analyst interns' and associate analysts' demographics:
| Financial Analyst Internship | Associate Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 70.2% Female, 29.8% | Male, 52.3% Female, 47.7% |
| 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, 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 | 7% | 7% |