Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between investment banking 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 an investment banking internship and a summer analyst. Additionally, a summer analyst has an average salary of $66,837, which is higher than the $43,637 average annual salary of an investment banking internship.
The top three skills for an investment banking internship include powerpoint, customer service and work ethic. The most important skills for a summer analyst are strong analytical, financial statements, and capital markets.
| Investment Banking Internship | Summer Analyst | |
| Yearly salary | $43,637 | $66,837 |
| Hourly rate | $20.98 | $32.13 |
| Growth rate | 9% | 9% |
| Number of jobs | 62,819 | 44,912 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 80% |
| Average age | 40 | 40 |
| Years of experience | 4 | 4 |
An investment banking intern is responsible for assisting investment bankers in delivering high-quality financial services to clients while learning various investment strategies and other related banking disciplines. Investment banking interns observe the investment processes, shadow bankers on their daily operations, and contribute to identifying business opportunities based on their class knowledge to practical applications. They also conduct financial analysis, data processing for the client's account information, performing research for the stock market, and creating financial reports for meeting documents.
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.
Investment banking interns and summer analysts have different pay scales, as shown below.
| Investment Banking Internship | Summer Analyst | |
| Average salary | $43,637 | $66,837 |
| Salary range | Between $26,000 And $72,000 | Between $43,000 And $102,000 |
| Highest paying City | - | - |
| Highest paying state | - | - |
| Best paying company | - | - |
| Best paying industry | - | - |
There are a few differences between an investment banking internship and a summer analyst in terms of educational background:
| Investment Banking Internship | Summer Analyst | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 80% |
| Most common major | Finance | Finance |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between investment banking interns' and summer analysts' demographics:
| Investment Banking Internship | Summer Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 65.1% Female, 34.9% | 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% |