Most Common Types of Finance Internships
In the current economical situation, finance is a field you should consider if you want to build a successful career. To consider a position in this industry you must be probably wondering what one should do to have a successful career. You must be delighted to know that there are a lot of options in this field. One can always consider a finance internship because it is a great opportunity to gain experience, to get many skills and to stay on the competitive edge. We have listed below a few most common types of finance internships and you can choose the one that matches with your career goals.
When we are talking about finance, most people think of banks and, as a result, it is one of the first institutions you can consider for a finance internship. You have to know that there are many positions and functions you can consider in this industry namely; CEO, banking specialist in accounts and so on. Some of the banking institutions that hire trainees for internships are: Bank of America, Citigroup, Wachovia and JPMorgan Chase.
Another choice you can consider for a finance internship is a credit rating agency. Credit rating agencies help the intern sharpen their skills and provide hands-on experience in a lucrative industry which is very powerful for the economy. Some of the credit rating agencies that offer great internship opportunities in finance are Moody's, AM Best, Fitch and Standard & Poors.
Investment companies also offer great internship opportunities nowadays. Many people think that the future of the investment companies is kind of gray due to the recession, but actually this isn't true. You have to know that there are people who invest in something or who search for financial expertise to make big and important financial decisions. As a result, you can consider one of these investment companies for a prestigious internship in the finance field. A few investment companies include; T. Rowe Price, Fidelity and Vanguard.
There are many students or fresh graduates with a financial degree who often choose for an internship with life insurance companies. You have to know that this is a very profitable market and you can definitely consider it for the future. Some of the companies in this category that offer financial internships are: MetLife, AIG, Prudential, John Hancock or Northwestern Mutual Financial Network.
Accounting firms is another common choice for a financial internship. Accounting firms are responsible for analyzing public or private finances. Remember that an internship can lead to a job offer from the company. Employees in accounting firms can work in either private or public sectors and have a great salary. The following accounting firms offer great financial internships you can definitely consider: KPGM, Deloitte, Ernst & Young, Pricewaterhouse Cooper.
Apart from these, securities firms offer great internship opportunities for those who have a degree in the financial sector. You have to know that securities firms deal with securities brokerage, investment banking, securities trading and financial advisory services. So, those who are interested in any of these positions and jobs should consider an internship in one of the following companies: Smith Barney, Merrill Lynch, Wachovia, Goldman Sachs, Edwards Jones or Morgan Stanley.
Many people think that the financial sector is a very uncertain because of the current economical situation, but you have to know that people look for financial advice now more than ever. So, if you possess a financial degree and you want to get more training you should definitely consider an internship. You could choose one of the most common types of finance internships mentioned above and try to create a mark for yourself in this competitive world.