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Financial analyst internship vs finance analyst

The differences between financial analyst interns and finance 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 finance analyst. Additionally, a finance analyst has an average salary of $69,887, 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 finance analyst are financial analysis, financial models, and financial data.

Financial analyst internship vs finance analyst overview

Financial Analyst InternshipFinance Analyst
Yearly salary$38,827$69,887
Hourly rate$18.67$33.60
Growth rate9%9%
Number of jobs104,448138,600
Job satisfaction--
Most common degreeBachelor's Degree, 76%Bachelor's Degree, 76%
Average age4040
Years of experience44

What does a financial analyst internship do?

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.

What does a finance analyst do?

A finance analyst is responsible for evaluating a company's financial data and historical reports to assess investment opportunities and provide accurate financial statements in support of business strategies and company performance prediction. A financial analyst's duties also include suggesting recommendations to boost operations efficiency and grow revenues, researching the current market performance and economic trends to adjust budget goals as needed, and managing client portfolios. Finance analysts must have excellent critical and analytical thinking skills to identify the best actions for the company's profitability.

Financial analyst internship vs finance analyst salary

Financial analyst interns and finance analysts have different pay scales, as shown below.

Financial Analyst InternshipFinance Analyst
Average salary$38,827$69,887
Salary rangeBetween $28,000 And $52,000Between $46,000 And $104,000
Highest paying City-San Francisco, CA
Highest paying state-Connecticut
Best paying company-The Citadel
Best paying industry-Finance

Differences between financial analyst internship and finance analyst education

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

Financial Analyst InternshipFinance Analyst
Most common degreeBachelor's Degree, 76%Bachelor's Degree, 76%
Most common majorFinanceBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Financial analyst internship vs finance analyst demographics

Here are the differences between financial analyst interns' and finance analysts' demographics:

Financial Analyst InternshipFinance Analyst
Average age4040
Gender ratioMale, 70.2% Female, 29.8%Male, 56.2% Female, 43.8%
Race ratioBlack 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 Percentage7%7%

Differences between financial analyst internship and finance analyst duties and responsibilities

Financial analyst internship example responsibilities.

  • Accomplish project accounting functions including project costing, time reporting, project accruals and proper capitalization of development costs.
  • Create spreadsheet or SQL database to store raw data and generate statistical reports.
  • Create the new program using VBA to optimize efficiency and accuracy of the work.
  • Modify VBA base financial modeling system to maintain the high quality of refine sustainable income in volatile capital markets.
  • Create a DCF model on a potential capital expenditure project for a combined-cycle natural gas power plant in Minnesota.
  • Prepare enhanced financial statements and reports utilizing ERP systems.
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Finance analyst example responsibilities.

  • Manage company asset accounts, wire funds to clients and record and structure amounts into QuickBooks.
  • Manage the UAT team involve in the testing of an enterprise accounting and project management software.
  • Manage customer portfolio to department KPI's, target balance, aging metrics, cash recovery and write-off tolerance.
  • Manage contract database and SalesForce for historical research and financial reporting purposes.
  • Manage and maintain information in worldwide-military database which include exemptions, transfers, retirements, and payroll records.
  • Accomplish project accounting functions including project costing, time reporting, project accruals and proper capitalization of development costs.
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Financial analyst internship vs finance analyst skills

Common financial analyst internship skills
  • Financial Models, 9%
  • Data Analysis, 6%
  • Market Research, 4%
  • Financial Data, 4%
  • R, 4%
  • Financial Statement Analysis, 4%
Common finance analyst skills
  • Financial Analysis, 9%
  • Financial Models, 5%
  • Financial Data, 5%
  • Strong Analytical, 4%
  • Variance Analysis, 4%
  • Hyperion, 3%

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