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The differences between summer analysts and interns can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a summer analyst, becoming an internship takes usually requires 1-2 years. Additionally, a summer analyst has an average salary of $66,837, which is higher than the $35,254 average annual salary of an internship.
The top three skills for a summer analyst include strong analytical, financial statements and capital markets. The most important skills for an internship are powerpoint, financial statements, and C++.
| Summer Analyst | Internship | |
| Yearly salary | $66,837 | $35,254 |
| Hourly rate | $32.13 | $16.95 |
| Growth rate | 9% | -5% |
| Number of jobs | 44,912 | 51,064 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 68% |
| Average age | 40 | 47 |
| Years of experience | 4 | 2 |
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.
Interns are trainees who are engaged by a company to work for them for a brief period. Interns usually use this opportunity to gain actual work experience, fulfill university or college requirements, and ensure that they are working towards the right career path for them. They sign on for a fixed amount of time. The responsibilities of interns depend on the company and the department that handles them. They do a variety of tasks that exposes them to the type of work that the company is engaged in and to the different aspects of the professional world.
Summer analysts and interns have different pay scales, as shown below.
| Summer Analyst | Internship | |
| Average salary | $66,837 | $35,254 |
| Salary range | Between $43,000 And $102,000 | Between $24,000 And $49,000 |
| Highest paying City | - | San Francisco, CA |
| Highest paying state | - | Alaska |
| Best paying company | - | Qorvo |
| Best paying industry | - | Telecommunication |
There are a few differences between a summer analyst and an internship in terms of educational background:
| Summer Analyst | Internship | |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 68% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | Western Carolina University |
Here are the differences between summer analysts' and interns' demographics:
| Summer Analyst | Internship | |
| Average age | 40 | 47 |
| Gender ratio | Male, 72.5% Female, 27.5% | Male, 42.0% Female, 58.0% |
| 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, 9.8% Unknown, 4.7% Hispanic or Latino, 18.1% Asian, 10.3% White, 56.1% American Indian and Alaska Native, 1.0% |
| LGBT Percentage | 7% | 6% |