As finance and technology merge together more, as does the demand for jobs in financial technology–as known as “fintech.” You’ve probably heard of popular fintech companies like Affirm or Coinbase by just going about your own personal business. And if you’re interested in having a say in the growing conversation about technology and what it can offer to finance, then consider an internship in fintech to gain some more insight!
What does a fintech intern do?
As a fintech intern, you’ll gain important skills such as how to build and test projects, come up with thought out solutions, and collaborate both with higher level professionals and interns. Many fintech interns will learn, or begin to master, programming languages–both familiar and new.
How do I find a fintech internship?
If you’re wondering how to get a fintech internship for summer 2021, try looking on Handshake under filtered searches like “fintech internships near me.” Handshake allows you to focus on employers you want to work for and even network with past interns who may also be alumni from your school. And if you’re looking for a fintech internship in a particular location for summer 2021, try searching for openings by using filters like “fintech internships NYC” or “fintech summer internship.”
How do I get a fintech internship with no experience?
If you’re interested in getting a fintech internship, but have no prior experience, it’s key to play to your strengths and show employers that you’re eager to learn. You can search for fintech internships on Handshake to first get a feel of the requirements they usually list for internships. After that, list your resume and cover letter experiences and previous roles you’ve had where the skills translate over. For example, if you’ve taken a finance related course or have had experience in a similar bootcamp, mention it and how it relates to your desired role!
When should I start applying for fintech internships?
For most positions, start searching for your internship sooner rather than later! If you are planning to have a summer fintech internship, we recommend starting to look for internship positions no later than the season prior. Many industries prefer to recruit as early as the fall, so staying up to date on fall virtual career fairs will be helpful in securing a role! Each company has different deadlines for applications, so sooner is usually better! If you’re searching for a role during the school year, it’s best to get on applying 3-6 months prior so you can inform your internship of your other obligations and classes.
It’s also really important to keep in mind that your university’s career services center will have great insight about specific recruitment periods at your school. Make sure to sign up for a meeting with your career advisor at the start of the school year for additional help in planning ahead!
How much do fintech interns make?
Because the internship roles that require fintech interns vary, there’s no standard answer for a fintech internship payscale. If you’re wondering how much your internship will pay, it might be best to inquire directly with the company you’re considering taking an internship with.. Some internship programs will offer only class credits, while many others are more keen to compensate their interns with an hourly rate or a set stipend.
What skills are relevant for fintech interns?
- Knowledge of both financial and technological trends
- Ability to both lead and work in a team environment
- Great communication and interpersonal skills
- Strong CS background
Where do fintech interns work?
Fintech interns can take their learnings and work into a few different roles like Public Finance Managers, Personal Financial Advisors, and Financial Risk Managers. They also can work for many different types of companies, like our constantly growing list of employers hiring now.
How do I write a cover letter for an internship?
Take a look at some great cover letter writing tips to boost your confidence and ace your internship application! And if you need a place to start, try our free cover letter template download here, or reach out to your school’s career center for personalized cover letter guidance.
Are you looking to start a career in finance? Check out our guide on the top entry level jobs for finance majors.