Best Finance Internships: Launching Your Career in Style

Every year, top financial firms attract thousands of applicants for internship roles. In early 2022, Goldman Sachs reported 236,000 intern applications, a record for the company. With an acceptance rate of just 1.5%, the company accepted 2,900 interns globally in 2021. Interns at top firms can earn over $80,000 on a prorated basis over a 10-week period. The most prestigious finance internships have low acceptance rates, with some hovering close to 1%. Duties performed across finance internships include financial modeling, research, and company analysis.

Key Takeaways:

  • Top financial firms receive thousands of intern applications each year.
  • Acceptance rates for prestigious finance internships can be as low as 1%.
  • Interns at top firms can earn over $80,000 over a 10-week period.
  • Duties performed in finance internships include financial modeling and research.
  • Finance internships provide valuable experience for launching a career in finance.

Most Prestigious Finance Internships

When it comes to finance internships, some opportunities stand out from the rest. According to a survey from Firsthand, a career services platform, the most prestigious finance internships are offered by top financial firms such as Goldman Sachs, J.P. Morgan, Morgan Stanley, Berkshire Hathaway, and BlackRock. These internships provide aspiring finance professionals with an extraordinary chance to work on diverse projects, gain hands-on experience, and network with industry professionals.

Interning at one of these renowned firms not only adds significant value to a resume but also offers a unique development experience. At Goldman Sachs, interns can immerse themselves in the world of investment banking, assisting with financial modeling, research, and company analysis. J.P. Morgan provides a highly competitive internship program that offers exposure to various areas such as financial modeling and valuation, client deals and transactions, and leveraged buyouts. At Morgan Stanley, interns get the opportunity to analyze financial performance, present research, participate in financing and mergers and acquisitions, and collaborate with different teams.

Berkshire Hathaway, led by the legendary Warren Buffett, offers internships across different departments, including accounting, finance, underwriting, and actuarial science. While specific details about the internship duties are scarce, gaining experience at one of the most renowned financial firms in the world is an invaluable opportunity. BlackRock, known for being one of the largest investment management firms, provides a competitive internship program that allows interns to contribute to day-to-day activities relevant to their teams.

Below is a table summarizing the key details of these prestigious finance internships:

Company Internship Duration Location(s) Key Responsibilities Qualifications
Goldman Sachs 8-10 weeks United States, Mexico, Brazil Assisting with financial modeling, research, and analysis Undergraduate students who have completed their first or second year in a finance-related degree
J.P. Morgan 9-10 weeks Multiple locations worldwide Financial modeling and valuation, client deals and transactions, leveraged buyouts, and more Undergraduate students who have completed their first three years of study or master’s degree students within two years of completing their bachelor’s degree
Morgan Stanley 10 weeks Various locations across the United States Financial analysis, presenting research, participation in financing and mergers and acquisitions Undergraduate students who have completed their second or third year of study
Berkshire Hathaway
BlackRock 8-9.5 weeks Multiple locations across the Americas, Europe, and Asia Contributing to day-to-day activities relevant to the team Undergraduate students who have completed their second or third year of study or master’s degree students graduating within one to two years

Table: Key details of most prestigious finance internships.

Securing an internship at one of these prestigious firms can significantly boost a student’s chances of launching a successful career in the finance industry. Not only does it offer invaluable experience and exposure to real-world finance operations, but it also opens doors to potential full-time employment opportunities. Aspiring finance professionals should seize these opportunities to pursue their dreams and build a solid foundation for their future careers.

Goldman Sachs Internship

Goldman Sachs offers one of the most prestigious finance internships. The internship program lasts for eight to ten weeks and is available in the United States, Mexico, and Brazil. Aspiring finance professionals have the opportunity to work with industry experts and gain valuable experience in various departments.

Internship Details

The Goldman Sachs internship program provides a comprehensive learning experience for undergraduate students who have completed their first or second year in a finance-related degree. Interns will be assigned to different departments based on their interests and skills.

Duties performed during the internship vary across departments, offering a well-rounded understanding of the finance industry. In the Investment Banking department, interns may assist bankers in developing pitchbooks and contributing to mergers and acquisitions. In the Equity Research department, interns may conduct company valuations and industry research to support investment decisions.

Global Opportunities

Goldman Sachs provides internships in the United States, Mexico, and Brazil, allowing students to explore different financial markets and gain a global perspective. This exposure can be invaluable for future career growth in the finance industry.

Application Requirements

To apply for the Goldman Sachs internship, applicants must be undergraduate students who have completed their first or second year in a finance-related degree. The application process may include submitting a resume, cover letter, and academic transcripts.

If you’re ready to take the next step in launching your finance career, the Goldman Sachs internship program can provide you with the hands-on experience and industry connections necessary for success.

J.P. Morgan Internship

If you’re looking for a highly competitive finance internship program, J.P. Morgan offers an excellent opportunity. The internship lasts for nine to ten weeks and is available in multiple locations worldwide. At J.P. Morgan, interns have the chance to work on various projects and gain valuable experience in the finance industry.

The duties performed during the J.P. Morgan internship depend on the specific program but may include:

  • Financial modeling and valuation
  • Experience in client deals and transactions
  • Involvement in leveraged buyouts and capital markets advisory

Qualifications for the J.P. Morgan internship differ based on the program. Generally, undergraduate students who have completed their first three years of study or master’s degree students within two years of completing their bachelor’s degree are eligible to apply.

Internship Duration Locations Qualifications
9-10 weeks Multiple locations worldwide Undergraduates: Completion of first three years of study
Master’s students: Within two years of completing bachelor’s degree

Morgan Stanley Internship

Morgan Stanley offers a prestigious finance internship program that provides valuable experience and opportunities for career advancement in the finance industry. The internship lasts for ten weeks and is available in various locations across the United States. As an intern at Morgan Stanley, you will have the chance to work with industry professionals, gain hands-on experience, and develop essential skills.

During the internship, you will be assigned to the Investment Banking Analyst Program, which offers a comprehensive learning experience. Your responsibilities will include:

  • Analyzing financial performance
  • Presenting research findings
  • Participating in financing and mergers and acquisitions
  • Liaising with other departments

This program will give you a well-rounded exposure to various aspects of investment banking, allowing you to apply your knowledge and contribute to real-world projects. It will also provide you with the opportunity to enhance your technical and analytical skills under the guidance of experienced professionals.

To qualify for a Morgan Stanley internship, you must be an undergraduate student who has completed their second or third year of study. This ensures that you have the necessary knowledge and foundation to make the most of the internship experience. By joining Morgan Stanley as an intern, you’ll be taking a significant step towards launching your finance career and building a strong professional network.

Berkshire Hathaway Internship

Berkshire Hathaway, the renowned multinational conglomerate headed by Warren Buffett, offers a range of internship opportunities across various departments. Students interested in gaining experience in accounting, finance, underwriting, and actuarial science can explore internship positions at this prestigious company. While specific details about the duties performed during the internship are limited, landing an internship at Berkshire Hathaway can provide valuable exposure to the inner workings of one of the most respected financial firms in the world.

Department Internship Opportunities
Accounting Interns may gain experience in financial reporting, auditing, and analysis.
Finance Interns may be involved in financial analysis, investment research, and portfolio management.
Underwriting Interns may assist in evaluating risk, pricing insurance policies, and underwriting processes.
Actuarial Science Interns may work on actuarial calculations, data analysis, and risk assessment.

BlackRock Internship

BlackRock, one of the largest investment management firms, offers a competitive finance internship program. The internship lasts for eight to nine and a half weeks and is available in multiple locations across the Americas, Europe, and Asia. Qualified applicants for BlackRock internships are undergraduate students who have completed their second or third year of study, or master’s degree students graduating within one to two years.

Duties performed during the BlackRock internship vary based on the program, but interns can expect to engage in day-to-day activities relevant to their teams. This hands-on experience allows interns to gain practical knowledge and skills in investment management, asset allocation, and financial analysis. By working alongside experienced professionals, interns have the opportunity to learn from industry leaders and build a strong foundation in the field.

Interns at BlackRock can also benefit from exposure to diverse teams and global markets, expanding their understanding of investment strategies and financial markets. Networking opportunities with professionals and fellow interns further enhance the internship experience at BlackRock.

BlackRock’s commitment to excellence and innovation makes their internship program an attractive option for aspiring finance professionals. The firm is recognized for its expertise in portfolio management, risk management, and sustainable investing, providing interns with valuable insights into the industry’s best practices and emerging trends.

Overall, the BlackRock internship offers a rewarding opportunity to gain practical experience, develop essential skills, and expand professional networks within the investment management sector. With its global presence and industry-leading reputation, BlackRock provides a solid foundation for launching a successful career in finance.

Program Length Location Eligibility
8-9.5 weeks Americas, Europe, Asia Undergraduate students (2nd or 3rd year) or Master’s degree students (graduating within 1-2 years)

Bank of America Internship

Bank of America is a leading financial institution that offers diverse internship opportunities in the field of finance. These internships provide students with valuable hands-on experience and the chance to work with industry professionals. Bank of America’s internship programs are designed to develop students’ skills and knowledge while exposing them to real-world finance scenarios.

One of the notable internship programs offered by Bank of America is the Advisor Development Summer Analyst Program. In this program, interns have the opportunity to engage with clients, review portfolios, conduct client research, and support their team in various projects. The program aims to provide interns with exposure to different aspects of wealth management, allowing them to develop a deep understanding of the industry.

To qualify for a Bank of America internship, students must be currently enrolled in an undergraduate or advanced degree program. This ensures that interns have a strong academic foundation and are committed to their studies.

Interns at Bank of America have the opportunity to gain hands-on experience in the finance field, develop valuable skills, and build a professional network. Through their internship experience, they can learn about the inner workings of a financial institution and gain insight into potential career paths in finance.

If you are interested in pursuing a finance internship, consider exploring the diverse opportunities offered by Bank of America. This internship experience can provide a solid foundation for launching your career in the finance industry.

Conclusion

Finance internships offer valuable experience and the potential for career advancement. These highly competitive opportunities provide a range of responsibilities, including financial analysis, company valuation, and client presentations. Securing an internship at a reputable firm sets the stage for a successful career in investment banking and opens doors to full-time employment.

By exploring the best finance internships, students can launch their careers in style. These internships not only provide practical skills but also the chance to network with industry professionals. The most prestigious finance internships, such as those offered by Goldman Sachs, J.P. Morgan, Morgan Stanley, Berkshire Hathaway, and BlackRock, are highly sought after and can significantly enhance career prospects.

Whether aspiring to work in investment banking, financial analysis, or other areas of finance, a well-regarded internship can be the stepping stone to achieving those goals. Through dedication, hard work, and a commitment to professional growth, aspiring finance professionals can leverage their internships to showcase their capabilities and lay the foundation for a successful and rewarding career.

FAQ

What are the best finance internships to launch my career?

Some of the best finance internships include those offered by top financial firms such as Goldman Sachs, J.P. Morgan, Morgan Stanley, Berkshire Hathaway, BlackRock, and Bank of America. These internships provide valuable experience, opportunities for career advancement, and the chance to work with industry professionals.

What makes finance internships prestigious?

Finance internships are considered prestigious based on the reputation of the company offering them, the competitiveness of the application process, and the quality of the experiences and opportunities provided. Internships at top financial firms with low acceptance rates and a history of successful interns going on to full-time employment are often considered prestigious.

What is the Goldman Sachs internship like?

The Goldman Sachs internship is highly regarded and lasts for eight to ten weeks. Interns in different departments have various responsibilities, such as assisting bankers in developing pitchbooks and conducting industry research in Equity Research. Applicants must be undergraduate students who have completed their first or second year in a finance-related degree.

What does the J.P. Morgan internship entail?

The J.P. Morgan internship is highly competitive and lasts for nine to ten weeks. Duties performed vary based on the specific program and may include financial modeling and valuation, experience in client deals and transactions, and involvement in leveraged buyouts and capital markets advisory. Qualifications vary, but generally require undergraduate students who have completed their first three years of study or master’s degree students within two years of completing their bachelor’s degree.

What can I expect from the Morgan Stanley internship?

The Morgan Stanley internship lasts for ten weeks and provides various opportunities across different locations in the United States. Duties performed depend on the program, with the Investment Banking Analyst Program including tasks such as analyzing financial performance, presenting research, participating in financing and mergers and acquisitions, and liaising with other departments. Qualifications require undergraduate students who have completed their second or third year of study.

What is the Berkshire Hathaway internship like?

The specifics of the Berkshire Hathaway internship are not well-known, but the opportunity to gain experience at one of the most renowned financial firms is highly valuable. Internship opportunities are available across various departments, including accounting, finance, underwriting, and actuarial science.

What does the BlackRock internship involve?

The BlackRock internship program is highly competitive and lasts for eight to nine and a half weeks, with locations across the Americas, Europe, and Asia. Duties performed during the internship vary based on the program, with interns conducting day-to-day activities relevant to their teams. Qualifications require undergraduate students who have completed their second or third year of study or master’s degree students graduating within one to two years.

What opportunities does the Bank of America internship provide?

The Bank of America internship offers diverse opportunities in the finance field, including the Advisor Development Summer Analyst Program. Duties performed vary depending on the program, but may include client engagement, portfolio review, client research, and supporting the team across various projects. Qualifications require students currently enrolled in an undergraduate or advanced degree program.

Are finance internships competitive?

Yes, finance internships are highly competitive, with top firms attracting thousands of applications for a limited number of positions. The acceptance rates for the most prestigious internships can be as low as 1%. However, landing an internship at a reputable firm can provide valuable experience and open doors for career advancement.

What can finance internships offer in terms of career advancement?

Finance internships offer the opportunity to gain hands-on experience, develop important skills, and network with industry professionals. Internships at top financial firms can lead to full-time employment and provide a strong foundation for a career in investment banking or other finance-related fields.

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