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Tax internship vs tax analyst

The differences between tax interns and tax analysts can be seen in a few details. Each job has different responsibilities and duties. Additionally, a tax analyst has an average salary of $61,745, 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 tax analyst are tax audits, reconciliations, and tax compliance.

Tax internship vs tax analyst overview

Tax InternshipTax Analyst
Yearly salary$46,283$61,745
Hourly rate$22.25$29.69
Growth rate6%-7%
Number of jobs71,99156,223
Job satisfaction--
Most common degreeBachelor's Degree, 75%Bachelor's Degree, 70%
Average age4748
Years of experience-2

What does a tax internship do?

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.

What does a tax analyst do?

A tax analyst specializes in managing and filing tax forms and tax returns, all while devising strategies to reduce tax payments legally. A tax analyst may work as a member of a company or independently. Moreover, in a company setting, the responsibilities of a tax analyst revolve around coordinating with different departments to obtain all necessary documentation and financial information, maintaining accurate and extensive records of all transactions, and resolving any issues or concerns. Furthermore, it is essential to remain updated with all the tax laws, all while adhering to the policies and regulations of the company.

Tax internship vs tax analyst salary

Tax interns and tax analysts have different pay scales, as shown below.

Tax InternshipTax Analyst
Average salary$46,283$61,745
Salary rangeBetween $30,000 And $71,000Between $43,000 And $87,000
Highest paying City-San Francisco, CA
Highest paying state-Maine
Best paying company-Meta
Best paying industry-Technology

Differences between tax internship and tax analyst education

There are a few differences between a tax internship and a tax analyst in terms of educational background:

Tax InternshipTax Analyst
Most common degreeBachelor's Degree, 75%Bachelor's Degree, 70%
Most common majorAccountingAccounting
Most common collegeUniversity of Southern CaliforniaUniversity of Southern California

Tax internship vs tax analyst demographics

Here are the differences between tax interns' and tax analysts' demographics:

Tax InternshipTax Analyst
Average age4748
Gender ratioMale, 53.6% Female, 46.4%Male, 42.9% Female, 57.1%
Race ratioBlack 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, 13.1% Unknown, 3.4% Hispanic or Latino, 15.6% Asian, 11.1% White, 56.6% American Indian and Alaska Native, 0.3%
LGBT Percentage8%8%

Differences between tax internship and tax analyst duties and responsibilities

Tax internship example responsibilities.

  • Manage client accounts by organizing and categorizing financial data in QuickBooks files.
  • Enter clients info on w-2 for tax preparers.
  • Amortize treasury bonds, company own stocks and bonds.
  • Prepare tax returns for individuals, corporations, businesses, partnerships and provide CPA's with add help where need
  • Answer phones, make appointments, solve issues clients have, input data w-2 information conduct interview and collect signatures.
  • Learned from working closely with veteran CPA's in a small and personal office space where growth and interaction are encouraged.
  • Show more

Tax analyst example responsibilities.

  • Utilize QuickBooks to manage client data and prepare necessary financial statements.
  • Own the preparation of the consolidated/worldwide provision calculations and AJE, including account reconciliations.
  • Prepare ASC 740 tax accounting calculations.
  • Input apportionment factors into OneSource tax system.
  • Correspond with taxpayers, accountants, and CPAs.
  • Assist in federal and state return preparation using OneSource software.
  • Show more

Tax internship vs tax analyst skills

Common tax internship skills
  • First Hand, 25%
  • CPA, 8%
  • Taxation, 7%
  • Tax Planning, 5%
  • Local Tax Returns, 5%
  • Tax Issues, 4%
Common tax analyst skills
  • Tax Audits, 6%
  • Reconciliations, 4%
  • Tax Compliance, 4%
  • Tax Payments, 4%
  • Tax Software, 4%
  • Income Tax Returns, 4%

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