Finance internships are very much a part of financial careers. At entry level, there are a lot of internships in finance or architecture internship from which to choose. So many, in fact, that it can become pretty confusing when have to decide which internships are best.

The good news for aspiring interns is that you can organize your internships in this huge range of career choices pretty effectively, with a bit of planning. Finance internships are a great way of developing extra high value skills, as well as part of academic qualifications.

Planning your internship

The first thing you need to do is consider the value of internships in relation to your overall goals. Like financial planning, goal setting for training and qualifications pays off, when you do the numbers.

For example:

  • A finance industry internship with a major corporate provider has obvious real value for career purposes and for your resume. These internships can be a real career asset, which will deliver excellent value at entry level and throughout your career in finance.
  • Other options, like a summer finance internship in financial products, portfolio management, forex, risk management, or other useful areas, also provide useful credentials as investments of your time and energy.
  • You may choose specific internships to create a whole portfolio of skills and experience in areas of interest to your career goals. It’s a pretty easy way to plan your training, and you’ll get definite benefits and return on your investment.

The most important issue at the planning stage is defining your needs and aligning your internship to those needs. Clearly lay out your options, and select your internship according to your preferred career track.

Choosing your internship

The most obvious, and often the best, choice of financial internship is with the leading corporate players. These companies provide truly excellent internship programs. The US finance sector in fact pioneered corporate internships for the best and brightest.

You’ll need to research your internship options carefully. The good news here is that the finance sector actively seeks out recruits, direct from college. Internships are also part of the overall mix of industry recruitment strategies. Contact the corporate providers directly and get all the information you need to prepare your application(s).

Applying for finance internships

Create a list of targeted internships for yourself in order of preference. The corporate finance internships are also the most sought-after and hardest to get. Competition is truly tough. Realistically, you do need a Plan B or C, like a college application, when you apply for top quality internships.

Giving yourself additional options to do particular types of internships helps you stick to your plans and move your career forward, especially at entry level, where competition for jobs is also intense.

Finance scholarships and internships

There are many scholarships in finance or internship culinary, some with prestigious colleges and institutions. Some of these scholarships also offer integrated, or associated, internships programs, structured to match academic requirements. They also offer very good funding bases to pay for your degree. If you’re at the planning stage of your career, just starting, make a point of exploring your scholarship possibilities. It will be worth your while.