What is a summer finance intern job?
A summer finance intern job is a temporary position that is usually offered to college students or recent graduates who are interested in pursuing a career in finance. It provides an opportunity to gain hands-on experience in a professional setting and learn about the financial industry.
What do you usually do in this position?
As a finance intern, you will be responsible for assisting the finance department in various tasks, such as preparing financial reports, analyzing data, and conducting research. You may also be involved in budgeting, forecasting, and financial planning. Additionally, you may be required to attend meetings and collaborate with other departments within the company.
Top 5 skills for a summer finance intern job
- Strong analytical and problem-solving skills
- Attention to detail
- Ability to work under pressure and meet deadlines
- Good communication and interpersonal skills
- Proficiency in Microsoft Excel and other financial software
How to become a finance intern?
To become a finance intern, you should have a bachelor's degree in finance, accounting, economics, or a related field. You should also have a strong academic record and relevant coursework. Additionally, it is helpful to have previous internship experience or relevant extracurricular activities. You can search for summer finance intern jobs on job boards, corporate websites, or through your school's career center.
Average salary
The average salary for a summer finance intern job varies depending on the location, industry, and company size. According to Glassdoor, the national average salary for a finance intern is $15 per hour.
Roles and types
Finance intern roles can vary depending on the company and industry. Some common types of finance internships include investment banking, corporate finance, accounting, and financial planning. In investment banking, interns may assist with mergers and acquisitions, initial public offerings, and other transactions. In corporate finance, interns may work on budgeting, forecasting, and financial analysis for the company. Accounting internships may involve preparing financial statements and reconciling accounts. Financial planning internships may involve helping clients with retirement planning, tax planning, and investment management.
Locations with the most popular jobs in the USA
Some of the most popular cities for finance internships in the USA include New York City, Chicago, San Francisco, Los Angeles, and Boston. These cities have a high concentration of financial institutions and large corporations that offer internships to college students and recent graduates.
What are the typical tools?
Some of the typical tools used in finance internships include Microsoft Excel, financial modeling software, and accounting software. In investment banking, interns may also use Bloomberg terminals to access financial data and news.
In conclusion
A summer finance intern job is an excellent opportunity to gain valuable experience in the financial industry and prepare for a career in finance. It requires strong analytical and problem-solving skills, attention to detail, and proficiency in financial software. Interns can expect to work on a variety of tasks, including financial reporting, analysis, and planning. By gaining experience in a professional setting, interns can build their resume and develop the skills necessary to succeed in the finance industry.