Why do you want to work in wealth management?

"I want to work in wealth management because I want to help people achieve their financial goals, I find the work intellectually stimulating, and I am drawn to the high earning potential of wealth managers" is a good answer to this interview question.

How To Become A Wealth Management Internship: What It Is and Career Path

What is a wealth management internship and how to become one

Updated January 8, 2025

4 min read

A wealth management intern supports the private client group by shadowing the team and assisting with client service requests and special projects.

Wealth management interns must have strong critical-thinking skills and work well individually as well as part of a team. Additionally, they should have a high degree of follow-through and thrive in a fast-paced working environment where each day is different. They will be exposed to a variety of financial topics including, but not limited to, cash flow analysis, retirement planning, insurance and risk management, and education planning.

A college degree would be sufficient to be a wealth management intern; however, they may also require additional licenses in some cases.

The national average salary for a wealth management intern is $37,437 in the United States.

ScoreWealth Management InternshipUS Average

Salary

6.8

Avg. Salary $87,382

Avg. Salary $59,228

Stability level

6.6

Growth rate 15%

Growth rate 0.3%

Diversity

5.0

Race

American Indian and Alaska Native 0.11%

Asian 8.47%

Black or African American 5.73%

Hispanic or Latino 9.58%

Unknown 4.38%

White 71.74%

Gender

female 27.02%

male 72.98%

Age - 44

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 44

Stress level

6.6

Stress level is high

7.1 - high

Complexity level

8.8

Complexity level is advanced

7 - challenging

Work life balance

5.6

Work life balance is fair

6.4 - fair

Key steps to become a wealth management internship

Explore wealth management internship education requirements

Most common wealth management internship degrees

Bachelor's

85.2 %

Master's

8.7 %

High School Diploma

2.2 %

Start to develop specific wealth management internship skills

Skills	Percentages
Client Portfolios	15.23%
Financial Services	5.77%
Equity Research	5.30%
Morningstar	3.98%
Performance Reports	3.83%

Complete relevant wealth management internship training and internships

Accountants spend an average of 1-2 years on post-employment, on-the-job training. New wealth management interns learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a wealth management internship based on U.S. Bureau of Labor Statistics data and data from real wealth management internship resumes.

Research wealth management internship duties and responsibilities

Manage and strengthen customer relationships through cross-selling and up-selling to maximize retention and income generation by contacting existing and prospective customers.
Formulate analysis for revenues of structure products and equities.
Fulfill a critical role in generating quantitative and qualitative data tracking for equities.
Conduct initial and ongoing meetings with prospects and clients profiling and developing comprehensive wealth management strategies.

Prepare your wealth management internship resume

When your background is strong enough, you can start writing your wealth management internship resume.

You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a wealth management internship resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

Choose from 10+ customizable wealth management internship resume templates

Build a professional wealth management internship resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your wealth management internship resume.