Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between summer associates and summer analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-12 months to become a summer associate, becoming a summer analyst takes usually requires 2-4 years. Additionally, a summer analyst has an average salary of $66,837, which is higher than the $42,349 average annual salary of a summer associate.
The top three skills for a summer associate include powerpoint, litigation and financial models. The most important skills for a summer analyst are strong analytical, financial statements, and capital markets.
| Summer Associate | Summer Analyst | |
| Yearly salary | $42,349 | $66,837 |
| Hourly rate | $20.36 | $32.13 |
| Growth rate | 14% | 9% |
| Number of jobs | 7,546 | 44,912 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 80% |
| Average age | 46 | 40 |
| Years of experience | 12 | 4 |
Summer associates are law students hired seasonally by law firms. The aim is for future lawyers to be exposed to the practical aspects of a firm. Typically, this program lasts for nine weeks, beginning in May and running through July. Summer associates are expected to be friendly and kind to people, preserve company reputation, support other associates, and perform legal tasks appropriately.
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.
Summer associates and summer analysts have different pay scales, as shown below.
| Summer Associate | Summer Analyst | |
| Average salary | $42,349 | $66,837 |
| Salary range | Between $22,000 And $81,000 | Between $43,000 And $102,000 |
| Highest paying City | New York, NY | - |
| Highest paying state | New York | - |
| Best paying company | Crowell & Moring | - |
| Best paying industry | Professional | - |
There are a few differences between a summer associate and a summer analyst in terms of educational background:
| Summer Associate | Summer Analyst | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 80% |
| Most common major | Law | Finance |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between summer associates' and summer analysts' demographics:
| Summer Associate | Summer Analyst | |
| Average age | 46 | 40 |
| Gender ratio | Male, 57.0% Female, 43.0% | Male, 72.5% Female, 27.5% |
| Race ratio | Black or African American, 10.0% Unknown, 4.9% Hispanic or Latino, 15.2% Asian, 6.0% White, 63.4% American Indian and Alaska Native, 0.4% | 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 | 9% | 7% |