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The differences between tax interns and fund accountants can be seen in a few details. Each job has different responsibilities and duties. Additionally, a fund accountant has an average salary of $60,203, which is higher than the $46,283 average annual salary of a tax internship.
The top three skills for a tax internship include first hand, CPA and taxation. The most important skills for a fund accountant are reconciliations, calculation, and securities.
| Tax Internship | Fund Accountant | |
| Yearly salary | $46,283 | $60,203 |
| Hourly rate | $22.25 | $28.94 |
| Growth rate | 6% | 6% |
| Number of jobs | 71,991 | 35,702 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 84% |
| Average age | 47 | 44 |
| Years of experience | - | 4 |
A tax intern is responsible for supporting the finance and accounting department on preparing tax documents, including analyzing financial statements and performing account reconciliations, under the supervision of a tenured tax preparer. Tax interns observe tax processes, shadowing the staff on daily operations, and utilizing their classroom knowledge to practical applications by recommending strategic procedures to handle tax filings efficiently and accurately. A tax intern must have excellent knowledge of the financial industry, as well as high-organizational skills on processing paper works and following instructions from the tax consultant.
A fund accountant provides accounting for an investment portfolio. The investments needed include commodities, securities, and/or real estate in an investment fund like a hedge fund or mutual fund. The role of fund accountants includes activity capturing and recording. Fund accountants prepare accurate and timely values, distributions, yields, and fund accounting output for review. They manage activities associated with fund accounting and domestic equity transactions. Also, they work alongside supervisors when it comes to budget development.
Tax interns and fund accountants have different pay scales, as shown below.
| Tax Internship | Fund Accountant | |
| Average salary | $46,283 | $60,203 |
| Salary range | Between $30,000 And $71,000 | Between $44,000 And $80,000 |
| Highest paying City | - | New York, NY |
| Highest paying state | - | New York |
| Best paying company | - | Warburg Pincus |
| Best paying industry | - | Finance |
There are a few differences between a tax internship and a fund accountant in terms of educational background:
| Tax Internship | Fund Accountant | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 84% |
| Most common major | Accounting | Accounting |
| Most common college | University of Southern California | University of Pennsylvania |
Here are the differences between tax interns' and fund accountants' demographics:
| Tax Internship | Fund Accountant | |
| Average age | 47 | 44 |
| Gender ratio | Male, 53.6% Female, 46.4% | Male, 61.5% Female, 38.5% |
| Race ratio | Black or African American, 8.5% Unknown, 4.2% Hispanic or Latino, 14.1% Asian, 11.4% White, 61.2% American Indian and Alaska Native, 0.6% | Black or African American, 7.6% Unknown, 3.9% Hispanic or Latino, 9.9% Asian, 18.4% White, 59.7% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 8% | 7% |