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Financial analyst internship vs investment banking analyst

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 vs investment banking analyst overview

Financial Analyst InternshipInvestment Banking Analyst
Yearly salary$38,827$60,598
Hourly rate$18.67$29.13
Growth rate9%9%
Number of jobs104,44852,791
Job satisfaction--
Most common degreeBachelor's Degree, 76%Bachelor's Degree, 83%
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 an investment banking analyst do?

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 internship vs investment banking analyst salary

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

Financial Analyst InternshipInvestment Banking Analyst
Average salary$38,827$60,598
Salary rangeBetween $28,000 And $52,000Between $35,000 And $104,000
Highest paying City-San Francisco, CA
Highest paying state-California
Best paying company-The Citadel
Best paying industry-Finance

Differences between financial analyst internship and investment banking analyst education

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

Financial Analyst InternshipInvestment Banking Analyst
Most common degreeBachelor's Degree, 76%Bachelor's Degree, 83%
Most common majorFinanceFinance
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Financial analyst internship vs investment banking analyst demographics

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

Financial Analyst InternshipInvestment Banking Analyst
Average age4040
Gender ratioMale, 70.2% Female, 29.8%Male, 75.3% Female, 24.7%
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 investment banking 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.
  • Show more

Investment banking analyst example responsibilities.

  • Organize and maintain client leads in SalesForce.
  • Used SQL language to manipulate, extract and manage financial and customer data.
  • Manage financial operations such as account management, book keeping, wire transfers, and transaction, position reconciliations.
  • Manage ongoing maintenance of prospective investor pipeline using SalesForce software.
  • Manage trade executions and broker relationships for all portfolio positions across several banks, prime brokerage accounts and electronic commodities exchanges.
  • Perform valuation analyses including DCF, public trading comparison, and precedent transaction comparisons.
  • Show more

Financial analyst internship vs investment banking 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 investment banking analyst skills
  • Financial Models, 12%
  • Discounted Cash Flow, 9%
  • Healthcare, 5%
  • Capital Markets, 5%
  • Private Equity, 4%
  • PowerPoint, 4%

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