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The differences between financial analyst interns and investment banking 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 investment banking analyst. Additionally, an investment banking analyst has an average salary of $60,598, 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 investment banking analyst are financial models, discounted cash flow, and healthcare.
| Financial Analyst Internship | Investment Banking Analyst | |
| Yearly salary | $38,827 | $60,598 |
| Hourly rate | $18.67 | $29.13 |
| Growth rate | 9% | 9% |
| Number of jobs | 104,448 | 52,791 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 83% |
| 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 Investment Banking Analyst reviews and analyzes data for investment banking portfolios. They work with individuals and businesses to suggest potential investments for their clients.
Financial analyst interns and investment banking analysts have different pay scales, as shown below.
| Financial Analyst Internship | Investment Banking Analyst | |
| Average salary | $38,827 | $60,598 |
| Salary range | Between $28,000 And $52,000 | Between $35,000 And $104,000 |
| Highest paying City | - | San Francisco, CA |
| Highest paying state | - | California |
| Best paying company | - | The Citadel |
| Best paying industry | - | Finance |
There are a few differences between a financial analyst internship and an investment banking analyst in terms of educational background:
| Financial Analyst Internship | Investment Banking Analyst | |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 83% |
| Most common major | Finance | Finance |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between financial analyst interns' and investment banking analysts' demographics:
| Financial Analyst Internship | Investment Banking Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 70.2% Female, 29.8% | Male, 75.3% Female, 24.7% |
| 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% |