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The differences between financial analyst interns and data 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 a data analyst. Additionally, a data analyst has an average salary of $74,342, 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 a data analyst are data analysis, python, and power bi.
| Financial Analyst Internship | Data Analyst | |
| Yearly salary | $38,827 | $74,342 |
| Hourly rate | $18.67 | $35.74 |
| Growth rate | 9% | 11% |
| Number of jobs | 104,448 | 167,520 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 65% |
| 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.
Data analysts are responsible for interpreting the company's statistics and providing sound recommendations to the organization. They manage the organization's data sets, usually related to market performance, finance, or human resources. They are in charge of studying the available data, spotting trends, interpreting what the data and the trends mean, and recommending suggestions that will help the organization perform better. Their recommendations should also be relevant and backed up with strong analyses. Data analysts are expected to have a good grasp of the current market trends in the industry.
Financial analyst interns and data analysts have different pay scales, as shown below.
| Financial Analyst Internship | Data Analyst | |
| Average salary | $38,827 | $74,342 |
| Salary range | Between $28,000 And $52,000 | Between $53,000 And $103,000 |
| Highest paying City | - | Richmond, CA |
| Highest paying state | - | New Jersey |
| Best paying company | - | The Citadel |
| Best paying industry | - | Finance |
There are a few differences between a financial analyst internship and a data analyst in terms of educational background:
| Financial Analyst Internship | Data Analyst | |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 65% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between financial analyst interns' and data analysts' demographics:
| Financial Analyst Internship | Data Analyst | |
| Average age | 40 | 44 |
| Gender ratio | Male, 70.2% Female, 29.8% | Male, 50.2% Female, 49.8% |
| 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, 7.5% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.5% White, 64.9% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 12% |