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Job outlook for financial analyst interns in the United States
Financial analyst internship job growth summary. After extensive research, interviews, and analysis, Zippia's data science team found that:
The projected financial analyst internship job growth rate is 9% from 2018-2028.
About 31,900 new jobs for financial analyst interns are projected over the next decade.
Financial analyst internship salaries have increased 9% for financial analyst interns in the last 5 years.
There are over 23,833 financial analyst interns currently employed in the United States.
There are 104,448 active financial analyst internship job openings in the US.
The average financial analyst internship salary is $38,827.
Are financial analyst internship jobs in demand?
Financial analyst internship job and salary trends over time
Financial analyst internship jobs over time
Financial analyst internship job growth rate over time
| Year | # of jobs | % of population |
|---|---|---|
| 2021 | 23,833 | 0.01% |
| 2020 | 16,267 | 0.00% |
| 2019 | 15,993 | 0.00% |
| 2018 | 25,002 | 0.01% |
| 2017 | 24,015 | 0.01% |
Average financial analyst internship salary over time
Financial analyst internship salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $38,827 | $18.67 | +2.6% |
| 2024 | $37,833 | $18.19 | +1.7% |
| 2023 | $37,212 | $17.89 | +1.6% |
| 2022 | $36,622 | $17.61 | +3.1% |
| 2021 | $35,518 | $17.08 | +1.8% |
Financial analyst internship jobs by state
Most common states for financial analyst interns
| Rank | State | Population | # of jobs | Employment/ 1000ppl |
|---|---|---|---|---|
| 1 | District of Columbia | 693,972 | 392 | 56% |
| 2 | Vermont | 623,657 | 176 | 28% |
| 3 | Delaware | 961,939 | 247 | 26% |
| 4 | Wyoming | 579,315 | 135 | 23% |
| 5 | South Dakota | 869,666 | 164 | 19% |
| 6 | North Dakota | 755,393 | 140 | 19% |
| 7 | Rhode Island | 1,059,639 | 195 | 18% |
| 8 | Virginia | 8,470,020 | 1,440 | 17% |
| 9 | Massachusetts | 6,859,819 | 1,161 | 17% |
| 10 | Idaho | 1,716,943 | 284 | 17% |
| 11 | Maine | 1,335,907 | 227 | 17% |
| 12 | Montana | 1,050,493 | 175 | 17% |
| 13 | Alaska | 739,795 | 129 | 17% |
| 14 | New Hampshire | 1,342,795 | 211 | 16% |
| 15 | Maryland | 6,052,177 | 928 | 15% |
| 16 | Nebraska | 1,920,076 | 279 | 15% |
| 17 | Colorado | 5,607,154 | 701 | 13% |
| 18 | Connecticut | 3,588,184 | 457 | 13% |
| 19 | Washington | 7,405,743 | 875 | 12% |
| 20 | Iowa | 3,145,711 | 363 | 12% |
Most common cities for financial analyst interns
| Rank | City | # of jobs | Employment/ 1000ppl | Avg. salary |
|---|---|---|---|---|
| 1 | Lenexa | 2 | 4% | $30,979 |
| 2 | Kennesaw | 1 | 3% | $34,489 |
| 3 | Manhattan Beach | 1 | 3% | $42,459 |
| 4 | Hagerstown | 1 | 2% | $43,022 |
| 5 | Minnetonka | 1 | 2% | $33,138 |
| 6 | Monroe | 1 | 2% | $31,608 |
| 7 | Cedar Rapids | 1 | 1% | $35,151 |
| 8 | Lake Charles | 1 | 1% | $32,140 |
| 9 | Little Rock | 1 | 1% | $34,611 |
| 10 | Denver | 2 | 0% | $38,123 |
| 11 | Washington | 2 | 0% | $39,299 |
| 12 | Baltimore | 1 | 0% | $43,213 |
| 13 | Baton Rouge | 1 | 0% | $31,954 |
| 14 | Colorado Springs | 1 | 0% | $38,169 |
| 15 | Indianapolis | 1 | 0% | $31,492 |
| 16 | Los Angeles | 1 | 0% | $42,547 |
| 17 | Miami | 1 | 0% | $32,247 |
Financial Analyst Internship job outlook: Expert opinions
Our panel of financial analyst internship experts
Manhattan College
Fairfield University
Siena College
Lynn University
Ferrum College
University of Akron
University of Oregon
American University
Albion College
Southwestern College
Lawrence Technological University
Pacific Lutheran University
University of Nevada - Las Vegas
University of California, Irvine
Adelphi University
Ohio State University
Keith Kerr Prof.
What general advice would you give to a Financial Analyst Internship?
Keith Kerr Prof.: There are two approaches to maximizing your salary potential, but only one approach that is completely under our control. While we can learn the best ways to approach employers to advocate for raises and promotions, the outcome of this is dependent on many external factors. What you can control, however, is how you manage the money that you do make. Taking the time to make a detailed budget of your income, expenses and debts allows one to find ways to control their spending, thus generating extra cash for saving and investing each month.
What general advice would you give to a Financial Analyst Internship?
Dr. Natalia Boliari PhD: First, learn everything about the company you just started working for - its historical path, management, the way it's dealt with crises, etc. Second, learn everything about the specific industry the company belongs to and see how the company has developed relative to the development of the industry domestically and internationally. Third, always be extremely alert to notice new opportunities and be prepared to take calculated risks. That is, actively look for opportunities to complete as many and diverse tasks as possible, and volunteer to complete any type of work regardless of whether it seems relevant to your assigned job or not. Opportunities to learn, grow, and improve and thus to maximize your income, will only come up if you are exposed to diverse situations.
What Financial Analyst Internship skills would you recommend for someone trying to advance their career?
Dr. Natalia Boliari PhD: Be open minded. Finance is the broad definition of an industry which provides opportunities for careers in financial consultancy, financial analysis, stock brokerage, foreign investment, modeling, exchange rate forecasts, and many more. While most of those careers are attributed to the banking industry, you can find those and others in other sectors of the economy, such as insurance, technology, health care/medical, government, and so on. So, be open and look beyond the banking sector, examine the current and predicted trends in the economy to hunt for exciting career options.
What general advice would you give to a Financial Analyst Internship?
John McDermott Ph.D.: To maximize your salary potential, keep learning, investing in your human capital, and expanding your capabilities. Learn as much as you can about your new position and industry, work with a variety of people at your firm, and seek opportunities outside your comfort zone. Your salary potential will increase as you are recognized as a capable and hard working colleague.
What will help Financial Analyst Interns increase their earning potential?
John McDermott Ph.D.: I believe communication, technical, and interpersonal skills will always be important to young graduates in finance. Over the next few years, being able to harness the power of new technologies like Artificial Intelligence and Large-Language Models will become increasingly important.
Feng Dong
Assistant Professor of Finance, Douglas Hickey Chair in Business, Siena CollegeSiena College
Finance And Financial Management Services
What general advice would you give to a Financial Analyst Internship?
Feng Dong: First of all, it’s challenging to be a finance analyst now. The increasing complexity of the financial markets has raised a high demand for finance analysts, and the integration of advanced data analytics, artificial intelligence, and machine learning in finance creates new opportunities for finance analysts who are proficient with these technologies. However, this requires much more effort than before to gain those skills, especially since much of the knowledge is not fully included in the current finance major curriculums. Second, finance analysts have various career options in many different areas in the future, such as investment analysis, risk management, corporate finance, or financial planning, and there are clear career progression paths from entry-level roles to senior positions, such as finance manager, director of finance, and CFO.
What general advice would you give to a Financial Analyst Internship?
David Spohn DBA, MBA, MJUR, CWM®: Entering the profession of a finance analyst is particularly promising at present due to several global economic factors. The increasing complexity of financial markets, coupled with regulatory changes and technological advancements, creates a strong demand for skilled analysts who can navigate and interpret these dynamics. Furthermore, the growth of big data and advanced analytics tools has expanded the scope and depth of analyses possible, making this role critical for companies looking to leverage data-driven strategies for competitive advantage. Finance analysts are essential in crafting strategies that mitigate risks and maximize returns, which is pivotal in today's volatile economic environment.
What Financial Analyst Internship skills would you recommend for someone trying to advance their career?
David Spohn DBA, MBA, MJUR, CWM®: On a day-to-day basis, a finance analyst typically engages in activities that revolve around the analysis and interpretation of financial data to inform and guide strategic business decisions. This involves collecting data from various sources, including market reports, financial statements, and other relevant documents. The primary task is to model financial scenarios using this data, providing insights into business performance, market trends, and investment opportunities. For those new to the field, the day often includes rigorous training in data analysis tools, attending meetings with senior analysts and mentors, and developing detailed reports that summarize financial findings. New entrants often focus on supporting specific projects or segments of the financial analysis process, gradually taking on more responsibility as they gain experience and expertise.
What will help Financial Analyst Interns increase their earning potential?
David Spohn DBA, MBA, MJUR, CWM®: Likes:
- Intellectual Stimulation: Many finance analysts enjoy the challenge of solving complex financial puzzles and deriving insights from data. The role often requires staying updated with the latest economic trends and financial theories, providing continuous learning opportunities.
- Impact on Decision-making: Analysts often take pride in the fact that their work directly influences strategic business decisions. This can be highly rewarding, especially when their recommendations lead to successful outcomes.
- Career Opportunities: The field offers numerous pathways for career advancement. Analysts can ascend to roles in senior management, specialize in particular sectors such as fintech or healthcare, or move into investment roles.
Dislikes:
- High Pressure: The role can be highly stressful, with tight deadlines and significant implications tied to their analyses and recommendations. Financial markets are dynamic, and the pressure to provide accurate, timely insights can be intense.
- Monotony in Initial Stages: New entrants might find the work initially repetitive as they learn the ropes of data collection and basic analysis techniques. The intellectual rewards and more engaging tasks often come with increased responsibility.
- Work-Life Balance: Depending on the employer and the state of the market, long hours can be common, especially during financial reporting periods or significant market changes, which can impact work-life balance.
What will help Financial Analyst Interns increase their earning potential?
Clemens Kownatzki PhD, MBA: As a beginner in any field, it pays to listen more than to talk. Be humble, pay attention, be nice to folks and probably most helpful is having a mentor who can guide you along and show you some best practices for navigating your career. You should take advantage of your education, not just to show a piece of paper that says you graduated but think of every single project, essay or paper that you write as part of a portfolio that demonstrates your skill sets. Especially in finance where we can sometimes be enamored with the beauty of a mathematical model, think about how any model should be applied in the real world. In some cases that might mean that you have to “get your hands on the wheel and learn how to drive.” I am not suggesting that you should put all your savings at risk and buy the next iteration of the latest cryptocurrency, but If you’re interested in a career in investing, put a small amount of money at risk and trade a stock, or if you must trade a few dollars’ worth of Bitcoin or Ether – as much as you would risk for a movie ticket seems reasonable. There are lots of virtual trading apps where you can trade with paper money, but there’s nothing like understanding risk when your own dollars are at stake, even if it’s just a few dollars. You should also absorb all the workshops, seminars and resources available out there. Follow Prof. Aswath Damodaran who has a YouTube Channel and hundreds of spreadsheets with financial models, all for free! Also follow some good content providers on various channels to get additional insights – in the field of finance, you need to be up-to-date on all events because those influence markets and the economy. Be ready to continue learning and update your skills and understanding while you’re working. Education doesn’t end after you finish your degree. All successful people are life-long learners.
Dr. Karen Carpenter
Associate Professor of Health & Human PerformanceFerrum College
Health Services/Allied Health/Health Sciences
What will help Financial Analyst Interns increase their earning potential?
Dr. Karen Carpenter: This field is wide open. Decide the population you want to work with and what space you want to be in. Certifications are very valuable to get employed immediately virtually anywhere in the country. Our discipline has the power to save lives. It is an extremely rewarding profession.
What general advice would you give to a Financial Analyst Internship?
Eric Brisker Ph.D.: The finance industry is a very competitive industry to compete for jobs in even when graduating with an undergraduate degree in Finance. Fresh graduates beginning their career in finance should focus on the following areas to give them a competitive advantage on other job market candidates: 1. Develop your professional skills to include communication, networking, and social skills. 2. Develop analytical skills and learn the tools used for analyzing financial data. 3. Continue to develop and expand your financial knowledge. 4. Work towards obtaining a professional certification that are highly valued in the finance industry. 5. Being open about career paths is recommended.
Z. Jay Wang
Department Head, Associate Professor of FinanceUniversity of Oregon
Finance And Financial Management Services
What will help Financial Analyst Interns increase their earning potential?
Z. Jay Wang: Students who have a history of doing work in the field outside the classroom either through internships, industry projects, or school-sponsored clubs managing financial decisions are better poised to maximize starting salary potential. Starting early to secure internships with top companies will also position students well for higher earning potential. Most top banks and firms will post internships from April/May to August, and close by the end of September for the following summer. They are also rolling, so may fill the roles by as early as June of the sophomore year for the following summer after junior year. Finally, networking with industry and alumni professionals in the companies, firms, banks prior to applying for an internship or full-time position will have an impact. The candidate will learn more about the opportunity and company culture for their resume and potential interview, and most top companies in finance will have a referral program. If the candidate impresses the internal connection with excellent questions and strategic answers, they may get a referral that moves them up in the stacks of applicants.
Octavian Ionici PhD
Sr. Lecturer in FinanceAmerican University
Finance And Financial Management Services
What Financial Analyst Internship skills would you recommend for someone trying to advance their career?
Octavian Ionici PhD: The finance profession is lucrative, rewarding and very competitive. Graduates should do their research about the organization they are interviewing with and be able to discuss how their skills can contribute to the business. They should also know if they would rather interact with people and clients or if they are drawn to intellectual pursuits such as analysis. Do they value power, prestige status, risk, or something else? Ultimately our core values, personal goals, interests, aptitudes, and personality will shape our career paths.
Being able to articulate what sparked their interest in the financial field and why they are interested in a chosen role will be an advantage during the hiring process. While still in college, students should join a professional association like the Financial Management Association to give them more access to that broad network, as well as access to career development resources that can set them apart from the crowd.
It's also critical to get an internship (paid or unpaid) in order to show some real-life experience. They can do this while they are still in college, during the summers, or even afterwards, to get a foot in the door.
Reading the WSJ and FT daily, and listening to Bloomberg, or other financial programs as a regular practice will help them to have fluency in the language of our profession. Because the finance sector is heavily regulated and changes occur due to changing economic and political conditions, they will need to stay updated with those changes. Financial media sources will help bring them that context to stay up to date on all of these moving parts.
What will help Financial Analyst Interns increase their earning potential?
Octavian Ionici PhD: Try to understand what your boss or your company needs, then see if you can fill that gap with your skill set and work ethic. Finance constantly evolves. A career with lifelong learning will help keep you employable. Investing in continuous learning and skill development can increase your income potential down the road.
Plus, don't underestimate the power of a positive attitude and strong work ethic. You may not be an expert at the beginning, but you can take on every challenge given to you, work hard and try to turn it into a success for your organization. Each win will build your reputation and your portfolio of skills which you will then bring with you to your next job. As you do this, you will inevitably acquire specialized skills.
What Financial Analyst Internship skills would you recommend for someone trying to advance their career?
Noah Alatza: Prior to graduation, gain as much relevant experience as possible through internships. Having multiple internships where you've proven yourself to be successful and hardworking is essential to getting the best offers for full-time roles. In the early years of your career, take note of the qualifications of your next promotion and proactively take steps to ensure that you achieve those qualifications. Finally, make sure to do your research on salary levels for similar positions and don't be afraid to ask for an increase when your work performance and data support that request.
What will help Financial Analyst Interns increase their earning potential?
Dr. Kimberly Gaither: Maximize your salary potential by asking questions and learning as quickly as possible. Be a good communicator with those above and below you as well as your peers. Be dependable. Persons who show up early and work hard will be valued and rewarded.
Dr. Jon Hooks Ph.D., CFA, CFP®
Professor of Economics and ManagementAlbion College
Economics
What Financial Analyst Internship skills would you recommend for someone trying to advance their career?
Dr. Jon Hooks Ph.D., CFA, CFP®: Offer the employer something that helps their company. What can you do for them? I had one successful, recent graduate who has a successful investment banking career who said "learn Excel like you life depended on it". Take something to the table.
Kevin Alston MBA
Doctoral Candidate DBASouthwestern College
Finance And Financial Management Services
What will help Financial Analyst Interns increase their earning potential?
Kevin Alston MBA: Acquire any many Industry Certifications as possible. Attend seminars and workshops to stay current within our industry.
Matthew Cole Ph.D.
Interim Dean, College of Business and Information TechnologyLawrence Technological University
Architecture And Related Services
What will help Financial Analyst Interns increase their earning potential?
Matthew Cole Ph.D.: Specializing in high-demand areas like tax or forensic accounting, demonstrating strong technology skills, negotiating based on industry salary standards, and pursuing professional development and additional credentials will maximize salary potential.
Fang Lin
Assistant Professor of FinancePacific Lutheran University
Finance And Financial Management Services
What Financial Analyst Internship skills would you recommend for someone trying to advance their career?
Fang Lin: Don't be afraid to negotiate your starting salary. Young journalists have a lot to offer newsrooms through social media skills and a willingness to adapt to new technologies such as artificial intelligence. Technology skills have value and should not be undersold. Also, young journalism students should not discount the value of their student media and internship experiences. Young journalists must use everything on their resumes to show how they bring value to their position and ask to be compensated fairly for the work they will contribute to the newsroom's success.
What will help Financial Analyst Interns increase their earning potential?
Fang Lin: I believe that data analysis is becoming increasingly crucial for finance professionals. Therefore, proficiency in coding and statistical modeling is essential. At a minimum, individuals should be able to understand basic financial models. Ideally, they should be able to code or at least interpret code in languages such as Python and R. Additionally, soft skills such as communication, problem-solving, and critical thinking will continue to be invaluable.
John Clark Ph.D., CFA, CFP
Chair, Dept. of FinanceUniversity of Nevada - Las Vegas
Geological And Earth Sciences/Geosciences
What Financial Analyst Internship skills would you recommend for someone trying to advance their career?
John Clark Ph.D., CFA, CFP: GPA is not everything. Gaining real-life experience in industry through internships or undergraduate research projects is just as valuable. Taking on research or internships gives you a much greater understanding of a field than taking classes alone.
David Feldman Ph.D.
Professor of Urban Planning and Public Policy and Political Science, Director, Water UCI, Director, MPP ProgramUniversity of California, Irvine
Urban Planning and Public Policy
What skills stand out on Financial Analyst Internship resumes?
David Feldman Ph.D.: Succinct writing, critical thinking, strong quantitative analytical skills.
What soft skills should all Financial Analyst Interns possess?
David Feldman Ph.D.: Ability to communicate well, good teamwork skills, displaying patience, being able to take and respond to constructive criticism, collaborative ability.
What skills will help Financial Analyst Interns earn the most?
David Feldman Ph.D.: Any or all of these skills can be demonstrated through individual work-related experiences, not just coursework, e.g., internships with agencies, NGOs, capstone projects that show how these skills were employed in solving/addressing problems.
Hanna Kim Ph.D.
Associate Professor, ChairAdelphi University
Anthropology, College of Arts and Sciences
What hard/technical skills are most important for Financial Analyst Interns?
Hanna Kim Ph.D.: Hard skills: being more than monolingual! In a globally connected marketplace where young people worldwide are learning and mastering the English language, their multilingualism makes them attractive hires for multinational or international companies. Anthropology students know the non-negotiable importance of knowing a fieldwork language to understand peoples and their cultures. The same would hold for the workplace: knowing one or more languages affords an employee not just possibilities for work assignments: such an employee, i.e., an anthropology graduate who values the connection of language and culture, is ideally suited to work on projects that demand sensitivity to cultural, social, historical, and political nuances. This includes those who work in international humanitarian groups as well as those who work in global finance.
Trey Billing Ph.D.
Post-Doctoral Research FellowOhio State University
Mershon Center for International Security Studies
Will there be an enduring impact of the coronavirus pandemic on Financial Analyst Interns?
Trey Billing Ph.D.: The Coronavirus pandemic underscores that while global problems may have technical answers, in theory, the implementation of these answers will always be subject to political and social dynamics. I imagine that this will remind those in the policy world that technical solutions' performance requires a deep understanding of political and social challenges that graduates of international relations programs might bring.