1. University of Pennsylvania
Philadelphia, PA • Private
A summer associate is responsible for building on the existing knowledge of industries to derive insights into sector trends, emerging technologies, and company performance. They support the senior leadership team in developing partnerships and investment strategies to support the commercialization of promising technologies and solutions. They also help evaluate companies' growth for their fit in the company's objectives, business model, financials, and commercialization/investment potential.
Further duties include assisting in maintaining high-quality financial models to support all aspects of analysis, working with a team to synthesize concise and well-supported recommendations for presentation to the network and other allies or capital partners, supporting the team in leading meetings and calls with network members, growth companies, investors and others.
A summer associate should have the following skills: being a proactive team player in a fast-paced entrepreneurial environment, excellent strategy, problem-solving, time management, organizational skills, the ability to prioritize and multitask, excellent communication skills, and team project and client management skills. As a requirement, they should be enrolled or have a bachelor's degree in law. They earn an average salary of $40,170 per year, which translates to $19.31 per hour.
There are certain skills that many summer associates have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed communication skills, computer skills and organizational skills.
If you're interested in becoming a summer associate, one of the first things to consider is how much education you need. We've determined that 72.0% of summer associates have a bachelor's degree. In terms of higher education levels, we found that 11.8% of summer associates have master's degrees. Even though most summer associates have a college degree, it's impossible to become one with only a high school degree or GED.
As you move along in your career, you may start taking on more responsibilities or notice that you've taken on a leadership role. Using our career map, a summer associate can determine their career goals through the career progression. For example, they could start out with a role such as attorney, progress to a title such as partner and then eventually end up with the title managing director.
What Am I Worth?
The role of a summer associate includes a wide range of responsibilities. These responsibilities can vary based on an individual's specific job, company, or industry.Here are some general summer associate responsibilities:
There are several types of summer associate, including:
A paralegal is in charge of substantive legal work. Typically, they serve lawyers who are so busy building a case that they need help sorting out all of the legal work. That's where you come in.
Paralegals take pride in their responsibilities by administering their knowledge of the law and legal procedures. It can be a great thing to have a paralegal on the case because the law will determine what direction a lawyer may swing a case.
While you definitely need a working knowledge of what the law is, you really only need to obtain an associate's degree for this line of work. Sure, you could probably spend your entire life going through and memorizing every single law out there, but laws change all the time so chances are you're going to have to look it up anyway.
Litigation paralegals are the backbone of the trial team. They manage all of the details throughout every phase of the trial, from investigations to pleadings and discovery. The litigation paralegal works closely with attorneys in depositions, witness preparation and research. The paralegal is typically the one who prepares and handles all exhibits.
Litigation paralegals research and analyze law sources such as statutes, recorded judicial decisions, legal articles, treaties, constitutions and legal codes to prepare legal documents such as briefs, pleadings or appeals for use by the attorney. They draft routine legal documents for review and use by attorneys, compile and prepare draft discovery responses, and review and analyze reports, responses and records produced by opening counsel.
Some skills that are necessary to have include excellent verbal and written communication skills, high attention to detail, resourceful research and analytical skills, ability to manage and prioritize multiple projects and tasks, and proficiency in Microsoft Office. The reported average annual salary for an litigation paralegal is approximately $55,340, with job growth in the U.S expected to increase 12% by 2028.
A legal clerk is a member of a law firm who works on different administrative activities on a daily basis. Legal clerks primarily conduct research on legal cases related to the ones that the firm is currently handling. They also prepare memoranda, drafts of legal documents, case materials, and office orders.
They may also do proofreading and editing of legal documents before publishing. In addition, they may be assigned to communicate with clients, provide updates on cases, and communicate the schedule of hearings. When assigned to assist in specific cases, legal clerks are expected to be familiar with the procedure of handling that particular type of case. They should also provide administrative support throughout the proceedings.
To become a legal clerk, an individual must have a bachelor's degree, pass the LSAT, go to law school, and obtain a law degree. They may choose to further specialize in a specific topic or to get a graduate degree in law. Given the administrative nature of the work, legal clerks are usually fresh law school graduates who are new at a law firm.
Mouse over a state to see the number of active summer associate jobs in each state. The darker areas on the map show where summer associates earn the highest salaries across all 50 states.
|Rank||State||Number of Jobs||Average Salary|
Philadelphia, PA • Private
Evanston, IL • Private
Cambridge, MA • Private
Los Angeles, CA • Private
Stanford, CA • Private
Washington, DC • Private
Boston, MA • Private
Los Angeles, CA • Private
Villanova, PA • Private
Washington, DC • Private
The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 16.0% of summer associates listed powerpoint on their resume, but soft skills such as communication skills and computer skills are important as well.
Zippia allows you to choose from different easy-to-use Summer Associate templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Summer Associate resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.
After extensive research and analysis, Zippia's data science team found that:
1. Intellectual Property for Entrepreneurs
For aspiring and active entrepreneurs, this course focuses on the opportunities and challenges of intellectual property. Intellectual property is a commonly discussed, often misunderstand, element of entrepreneurship and law. Knowing how to create and manage patents, copyrights, trademarks, and trade secrets is a valuable skill for entrepreneurs and business leaders. Regardless of size and industry, a business’s intellectual property is often more valuable than its physical assets. Companies...
2. Legal Contracts and Agreements for Entrepreneurs
This course focuses on how legal contracts may impact or impede the success of aspiring and active entrepreneurs. We explore a wide variety of legal considerations, including: * What types of legal contracts and agreements are appropriate for which entrepreneurial activities and actions? * What is the role of torts, liability, and negligence in creating and managing products and services? * How should contracts and sales agreements be created, evaluated, and negotiated? * What legal...
3. Real Estate Acquisitions 101
How To Identify Commercial Properties, Run Due Diligence, Raise Capital, and Close Commercial Real Estate Transactions...
Some places are better than others when it comes to starting a career as a summer associate. The best states for people in this position are New York, New Jersey, New Hampshire, and Connecticut. Summer associates make the most in New York with an average salary of $67,757. Whereas in New Jersey and New Hampshire, they would average $64,431 and $62,665, respectively. While summer associates would only make an average of $61,789 in Connecticut, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.
1. New York
2. New Jersey
3. District of Columbia
|Rank||Company||Average Salary||Hourly Rate||Job Openings|
|5||McKinsey & Company Inc||$133,626||$64.24||57|
|9||JPMorgan Chase & Co.||$107,510||$51.69||42|