Many people say that ‘Money Rules the World’, if this is a fact, then financing is one of the most vital industries around. This field poses some of the highest incomes while challenging the people involved to always be accurate and aid in expanding the economy of any country. Within this field candidates will learn from the greatest skilled experts, they will be more involved in businesses, corporations and experience the world from a new perspective.
Finance is a field that reaches the world in all aspects, from Wall Street to the Banks, each and every business, corporation, and household. Interns within this field have a great edge and can gain a footing in the door. They acquire great knowledge, while also learning all aspects within the financial world, and thus can make their dreams come to life.
This is a competitive industry, therefore companies providing finance internships are seeking talented, motivated and distinguished candidates. They must be committed to learning, and aid in the long term growth of a company, along with stabilizing the economy. You can become a productive part of a team while making your mark in the business world. Candidates who are successful will gain real world experience, develop their administration skills and increase their career prospects.
Finance Internships Available
Candidates looking for internships within this line of work can look at the following fields to pursue, as well as multiple other fields related to finance:
- Tax Consulting
- Risk Advisor
- Hedge Fund Manager
- Corporate Finance
- Actuarial Solutions
- Insurance Solutions
- Finance Administrator
- Investment Bankers
- Stock Broker
Companies that may offer such internships could be the following:
- Capital One
- ABSA Bank
- Department of Environmental Affairs
- Goldman Sachs
- JP Morgan Chase & Co.
- Sun International
- Standard Bank
- SA Reserve Bank
- World Bank
- Zurich Insurance Group
Finance Internships Requirements
Each company has their own stipulations whereby candidates will have to meet their specific requirements.
However, for most positions within finance, candidates will be required to have the following:
- Candidates must be a South African citizen, with a valid ID document
- Candidates must either hold a degree or be within their last year of study towards a degree in
- Actuarial Science
- Money & Banking
- Commercial Law
- Risk Management
Most companies also seek candidates with the following attributes:
- Result driven
- Can priorities
- Must be able to accept responsibility
- Exceptional ability to communicate, verbally and in written form
- Must be competent, presentable and professional
- Must be a lateral thinker and problem solver
- Must be able to meet deadlines, work under pressure and efficiently
- Be enthusiastic to learn and give attention to detail
- Must be service delivery orientated
Responsibilities may include the following:
- Administration work
- Composing proposals & presentations
- Financial Modelling
- Correspondence with clients
- General Office Duties
Finance Internships Application
Finance internships online applications will depend on the company providing the internship. Most companies do however provide online applications, and these can usually be found on their websites, under their careers tab.
Most of the internships available in the finance industry are usually for a duration of 12 to 24 months. They also usually include a monthly stipend, but do not offer candidates housing, meals or transport. Some companies may also offer their interns a permanent work offer after successful completion of their contract term, but there are a couple who do not offer full-time employment afterward. Some companies also require their candidates to travel or work in rural areas.
Finance Internships Closing Dates
These applications for finance internships vary from company to company. Most depend on the need within the company, but candidates seeking such internships can find one or another anytime during the year.
It is highly suggested that candidates ensure all forms are fully completed, signed and all required documentation attached before sending in any application. Please ensure you only submit certified copies and not your original documentation. Only candidates that make the short list will be contacted, and may also be invited for an interview with the company they applied to.
Good luck to all candidates, may your dreams come true!