Finance Internships Overview
Despite having a significant impact on some of Singapore’s key industries, the financial industry is expected to develop at a rate of about 5% in the coming years. This demonstrates the necessity for companies all around Singapore to employ finance interns in order to reduce expenses and benefit from the new and fresh talent provided to financial services companies.
Peer competition is unavoidable, and the only way to stand out from the crowd in order to secure a “real” job away from the books and assignments is to complete a financial internship. An opportunity to apply classroom knowledge in the real world can be found through a financial internship, which can also provide you an advantage over the competition once you graduate.
No matter how impressive your academic records are, you must keep in mind that it might be quite difficult to get employed for a good position at an excellent firm if you lack any experience. This is why taking an internship is always a good idea.
Indeed, compared to other majors in the arts, finance is a difficult one to pursue. The degree in finance is rather comprehensive, ensuring that students have a solid understanding of economic theories, banking, and trade. The study, acquisition, and management of money and assets are all aspects of finance. The degree also covers the fundamentals of finance, which will aid you in your job in finance.
Finding a Finance Internships
Getting a finance internship can frequently be difficult due to the intense rivalry in the industry. Your goal should be to outlast the competition and gradually increase your chances of getting an internship.
However, before you sign up for an internship, make sure you do your homework on it and, more significantly, ascertain whether the company’s ideals and the end result are compatible. Some of the top employers to look into when applying in Singapore are:
- Financial Reporting Skills
- Interpersonal Skills
- Analytical Thinking Skills
- Decision Making Skills
Though, before you sign up for an internship make sure you research it and most importantly find out if the values of the company align with yours and is the end result similar to what you seek to possess?
When looking to apply in Singapore, some of the top employers to research for include:
- Finantier Singapore
- Bank of Singapore- Internship Programme
- BDO Singapore
The employers stated above are only a few of those willing to offer incredible internship opportunities. Prosple Singapore has a lot more to offer to its users. Prosple is a free platform for young learners to obtain regular updates on excellent internship opportunities. So, don’t wait for a second and sign up right away to start using!
On the Job
During summer or winter breaks, finance interns look for internships to get real-world experience in the fast expanding sector of finance. Depending on the role and length of time they are recruited for, the daily tasks that finance interns perform on the job may change.
Common Intern Positions in the sector:
- Accounting Intern
- Investment Banking Intern
- Finance Intern
- Insurance Intern
Specific Roles and Responsibilities – Finance Internship:
- Preparation of Financial Reports
- Collection of market data
- Analysing notes
- Completing Financial Records
Pay Expectations
The criteria to enter the field of finance are extensive, yet the positions typically pay well. Additionally, if you work in management, it may be considerably greater. Although sometimes internships for grads may even be unpaid because they are considered as a way to gain exposure. In Singapore, a finance intern may expect to make between $1000 and $1200 per month on average.
Alternative Internship Options:
Try securing multiple internships throughout your education if you want to diversify the abilities and experience on your resume. This means that in order to increase your exposure, you should also strive to apply for different internship positions.
This is because having a limited viewpoint and not exploring other parts of your profession can hinder your growth. In light of this, you may want to research on some of the alternative internships options listed below:
- Accountancy Intern- Love Bonito
- Audit Intern- EY Singapore
- Banking Intern- Opportunities at Bank Of Singapore