How to hire a summer analyst

How to hire a summer analyst, step by step

Here's a step-by-step summer analyst hiring guide:

• Step 1: Identify your hiring needs
• Step 2: Create an ideal candidate profile
• Step 3: Make a budget
• Step 4: Write a summer analyst job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new summer analyst
• Step 8: Go through the hiring process checklist

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1. Identify your hiring needs

   First, determine the employments status of the summer analyst you need to hire. Certain summer analyst roles might require a full-time employee, whereas others can be done by part-time workers or contractors.

   Determine employee vs contractor status

   Is the person you're thinking of hiring a US citizen or green card holder?

   Yes

   No

   A summer analyst's background is also an important factor in determining whether they'll be a good fit for the position. For example, summer analysts from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.

   Here's a comparison of summer analyst salaries for various roles:

   Type of Summer Analyst	Description	Hourly rate
   Summer Analyst	Financial analysts provide guidance to businesses and individuals making investment decisions. They assess the performance of stocks, bonds, and other types of investments.	$20-49
   Investment Banking Internship	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... Show more	$12-34
   Wealth Management Internship	In a wealth management internship, an intern's duties depend on the directives of a supervising manager or staff. Typically, their responsibilities revolve around gaining industry insights while performing support tasks for the team, such as preparing and processing documents, answering calls and correspondence, organizing and disseminating files, and running errands as needed... Show more	$21-80

   Show more

2. Create an ideal candidate profile

   Common skills:

   • Strong Analytical
   • Financial Statements
   • Capital Markets
   • Salesforce
   • Financial Analysis
   • Risk Management
   • Real Estate
   • Reconciliations
   • Java
   • Due Diligence
   • PowerPoint
   • Cash Management
   • Securities
   • Corporate Banking

   Check all skills

   Responsibilities:

   • Manage and update early engagement processes daily through SharePoint.
   • Generate HTML reports for health care providers with visualization using ggplot2.
   • Used PowerPoint to create meeting materials about update research data of the industry trends.
   • Support interest rate derivative marketers.
   • Construct PowerPoint presentation and bring forth proposal directly to management.
   • Prepare and distribute morning briefs on overnight market activity and actively trade securities.

3. Make a budget

   Including a salary range in your summer analyst job description is one of the best ways to attract top talent. A summer analyst can vary based on:

   • Location. For example, summer analysts' average salary in kansas is 39% less than in massachusetts.
   • Seniority. Entry-level summer analysts 58% less than senior-level summer analysts.
   • Certifications. A summer analyst with certifications usually earns a higher salary.
   • Company. Working for an established firm or a new start-up company can make a big difference in a summer analyst's salary.

   Average summer analyst salary

   $66,837yearly

   $32.13 hourly rate

   ---

   Entry-level summer analyst salary

   $43,000 yearly salary

   Updated December 20, 2025

4. Writing a summer analyst job description

   A good summer analyst job description should include a few things:

   • Summary of the role
   • List of responsibilities
   • Required skills and experience

   Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of a summer analyst job description:

   Summer analyst job description example

   You bring the ambition and talent; we'll open exciting new doors for you. Take the next step in your banking career with the Credit Suisse Summer Analyst Program. In this challenging, rewarding 10-week summer program working on the Quantitative Investment Strategies (QIS) team, you develop your skills so you can influence tomorrow. Beginning with a one-day company orientation, you'll spend one week in training and nine weeks as an integral part of the QIS team. This position is part of our Asset Management division, an industry leader in development and management of systematic investment strategies.
   
   Over the course of this program you continue to learn and develop through ongoing training, and hear from experienced senior employees from a variety of divisions in our summer speaker series. Mentorship opportunities help you identify your strengths and plan your career, while social activities, community service and networking events connect you with a range of people from across the firm. When you complete the program you will have gained crucial experience in all areas of the Asset Management division, and a firm understanding of how a global investment bank functions. Once you've seen the big picture, it's time to paint your own.
   June 2023
   
   Duration: 10 week
   
   Academic requirements: You should be graduating from a university in December 2023 or May/June 2024.
   
   Your field of responsibility
   
   On the QIS team, you will:
   
   Support internal strategy implementation including trading cost analysis, risk modeling, collateral management and portfolio constructions Develop tools and data pipelines to streamline existing workflow and process Participate in weekly group meetings to better understand cross-functional dependencies and operations for a QIS-like business
   
   Your future colleagues
   
   We are problem solvers. Driven by rigor and logic, we are excited by the challenge of bringing structure and insight to disorderly and complex problems that dishearten others. We are firm believers that opportunity comes only to those who are prepared, and we prepare today for the difficult problems and decisions of tomorrow. We seek explorers who enjoy discovering how financial markets work, and we look to our Analyst group for future innovators and leaders in QIS - those who enjoy designing novel, elegant solutions in response to complex and multifaceted investment objectives and constraints of our diverse clientele.
   
   Your skills and experience
   
   882630

   Copy this example

   

5. Post your job

   There are a few common ways to find summer analysts for your business:

   • Promoting internally or recruiting from your existing workforce.
   • Ask for referrals from friends, family members, and current employees.
   • Attend job fairs at local colleges to meet candidates with the right educational background.
   • Use social media platforms like LinkedIn, Facebook, and Twitter to recruit passive job-seekers.

   To find summer analyst candidates, you can consider the following options:

   • Post your job opening on Zippia or other job search websites.
   • Use niche websites that focus on engineering and technology jobs, such as efinancialcareers, financialjobsweb.com, careerbank, financial job bank.
   • Post your job on free job posting websites.

6. Interview candidates

   Your first interview with summer analyst candidates should focus on their interest in the role and background experience. As the hiring process goes on, you can learn more about how they'd fit into the company culture in later rounds of interviews.

   It's also good to ask about candidates' unique skills and talents to see if they match your ideal candidate profile. If you think a candidate is good enough for the next step, you can move on to the technical interview.

   The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.

7. Send a job offer and onboard your new summer analyst

   Once you have selected a candidate for the summer analyst position, it is time to create an offer letter. In addition to salary, the offer letter should include details about benefits and perks that are available to the employee. Ensuring your offer is competitive is vital, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and it is important to be open to discussion and reach a mutually beneficial agreement. After the offer has been accepted, it is a good idea to formalize the agreement with a contract.

   It's also good etiquette to follow up with applicants who don't get the job by sending them an email letting them know that the position has been filled.

   After that, you can create an onboarding schedule for a new summer analyst. Human Resources and the hiring manager should complete Employee Action Forms. Human Resources should also ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc., and that new employee files are created.

8. Go through the hiring process checklist

   • Determine employee type (full-time, part-time, contractor, etc.)
   • Submit a job requisition form to the HR department
   • Define job responsibilities and requirements
   • Establish budget and timeline
   • Determine hiring decision makers for the role
   • Write job description
   • Post job on job boards, company website, etc.
   • Promote the job internally
   • Process applications through applicant tracking system
   • Review resumes and cover letters
   • Shortlist candidates for screening
   • Hold phone/virtual interview screening with first round of candidates
   • Conduct in-person interviews with top candidates from first round
   • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
   • Conduct background checks on top candidates
   • Check references of top candidates
   • Consult with HR and hiring decision makers on job offer specifics
   • Extend offer to top candidate(s)
   • Receive formal job offer acceptance and signed employment contract
   • Inform other candidates that the position has been filled
   • Set and communicate onboarding schedule to new hire(s)
   • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)

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