Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between summer analysts and corporate finance 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 summer analyst and a corporate finance analyst. Additionally, a corporate finance analyst has an average salary of $76,023, which is higher than the $66,837 average annual salary of a summer analyst.
The top three skills for a summer analyst include strong analytical, financial statements and capital markets. The most important skills for a corporate finance analyst are financial analysis, strong analytical, and financial models.
| Summer Analyst | Corporate Finance Analyst | |
| Yearly salary | $66,837 | $76,023 |
| Hourly rate | $32.13 | $36.55 |
| Growth rate | 9% | 9% |
| Number of jobs | 44,912 | 114,375 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 76% |
| Average age | 40 | 40 |
| Years of experience | 4 | 4 |
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.
Corporate finance analysts make significant business decisions based on the data they gather. Typically, corporate finance analysts work within an organization and support management decisions through actionable financial information. They monitor the taxes, expenses, financial statements, and other financial details of where the company sources its income. This position requires a formal qualification in accounting. It also necessitates the analyst to develop interpersonal skills, knowledge in information technology software, financial reporting skills, and experience in management.
Summer analysts and corporate finance analysts have different pay scales, as shown below.
| Summer Analyst | Corporate Finance Analyst | |
| Average salary | $66,837 | $76,023 |
| Salary range | Between $43,000 And $102,000 | Between $52,000 And $109,000 |
| Highest paying City | - | San Francisco, CA |
| Highest paying state | - | Michigan |
| Best paying company | - | |
| Best paying industry | - | Finance |
There are a few differences between a summer analyst and a corporate finance analyst in terms of educational background:
| Summer Analyst | Corporate Finance Analyst | |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 76% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between summer analysts' and corporate finance analysts' demographics:
| Summer Analyst | Corporate Finance Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 72.5% Female, 27.5% | Male, 63.5% Female, 36.5% |
| 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% |