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The differences between financial analyst interns and summer 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 summer analyst. Additionally, a summer analyst has an average salary of $66,837, 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 summer analyst are strong analytical, financial statements, and capital markets.
| Financial Analyst Internship | Summer Analyst | |
| Yearly salary | $38,827 | $66,837 |
| Hourly rate | $18.67 | $32.13 |
| Growth rate | 9% | 9% |
| Number of jobs | 104,448 | 44,912 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 80% |
| 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.
Summer analysts are people who undertake an internship within a banking institution. These professionals perform analyses of detailed financial and corporate information. They establish statistical exhibits analyzing comparative financial performance. It is their responsibility to create models illustrating projected financial results, which is of great value to the companies. The skills necessary for this job include knowledge of financial statements, equity, portfolio companies, and financial models. They should also develop due diligence, strong communication, asset allocation knowledge, and attention to detail.
Financial analyst interns and summer analysts have different pay scales, as shown below.
| Financial Analyst Internship | Summer Analyst | |
| Average salary | $38,827 | $66,837 |
| Salary range | Between $28,000 And $52,000 | Between $43,000 And $102,000 |
| Highest paying City | - | - |
| Highest paying state | - | - |
| Best paying company | - | - |
| Best paying industry | - | - |
There are a few differences between a financial analyst internship and a summer analyst in terms of educational background:
| Financial Analyst Internship | Summer Analyst | |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 80% |
| Most common major | Finance | Finance |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between financial analyst interns' and summer analysts' demographics:
| Financial Analyst Internship | Summer Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 70.2% Female, 29.8% | Male, 72.5% Female, 27.5% |
| 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% |