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What Is a Finance Intern and How to Become One

Finance Intern

What Does a Finance Intern Do?

The job of a finance intern is to support the organization while learning about a career in finance. Finance interns gain practical experience in the constantly-growing field of finance. Regular duties and responsibilities for finance interns include generating and analyzing reports, taking notes during meetings, preparing statements, entering data, and assisting with audits. A finance intern might also complete administrative work while observing different aspects of accounting, portfolio management, financial reporting, or banking.

How Do You Become a Finance Intern?

Most employers will require that you are enrolled in an academic program while completing your internship. You can pursue a degree in finance, business, statistics, marketing, accounting, or economics. Work on your ability to collaborate with team members, pitch great ideas, communicate well, and analyze information. Once you have done this, search for an internship that fits your background, skills, and career goals.

What Are Finance Intern Career Paths?

Finance interns gain experience that is easily transferable and can succeed in many career paths. Some of the most common career paths for finance interns include investment banking, financial planning, corporate finance, public budgeting, insurance, and real estate. Finance interns can use their internship experience to secure a role as a financial analyst, investment banker, budget manager, risk analyst, tax preparer, certified public accountant (CPA), or financial advisor.

What Are the Benefits of a Finance Intern Job?

One major benefit of a finance intern job is the hands-on experience. This is key because the study of finance is worthwhile, but it is helpful to have real-world practice. Another benefit of a finance intern job is getting to learn about the many career paths that are available. Interns get to discover what they like and dislike about the field before they enter the workforce. Additional benefits include making professional connections and learning about best practices in finance.