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Brady
Student
Fishers, Indiana
1
Question
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I am interested in pursing a degree in business and personal finance. What type of internships would be valuable to me in my educational journey?
I am interested in pursuing a degree in personal finance so I can help people and families achieve their financial goals.
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1 answer
Wong Loke Yuen
Head of Programme cum Senior Lecturer
645
Answers
Johor Bahru, Johor, Malaysia
Updated
Wong’s Answer
Hi Brady. One helpful internship would be working with a financial planning firm. In this type of internship, you'd get to help financial planners work with clients to create budgets, plan for retirement, etc. You would also learn how to use financial planning tools and software. This type of internship gives you a solid understanding of the main skills needed in personal finance, and it would also allow you to see how professionals work directly with people to help them reach their financial goals.
Another good option is an internship with an investment or wealth management firm. These companies help people manage their investments and grow their wealth. As an intern, you might assist with research, prepare client reports, or learn about how investment strategies work.
You could also consider an internship in corporate finance. While this isn't directly related to personal finance, understanding how businesses manage their money can still be helpful. In these internships, you would work on tasks like budgeting, financial forecasting, etc.
Interning at a bank or credit union is another great way to gain experience. You'd learn about how people use personal banking services like savings accounts, loans, and credit cards. You might also get a chance to see how banks help people manage their finances and apply for things like mortgages or personal loans. This type of internship would give you a deeper understanding of everyday financial services that people use to manage their money.
If you're passionate about helping communities, you can consider an internship with a non-profit organization that focuses on financial education. Many non-profits teach people how to budget, save money, and make better financial choices. In these internships, you might help create educational programs or assist people with financial planning.
Interning at a tax preparation or accounting firm is also valuable. Understanding how taxes work and how to help people save money through tax strategies is a key part of personal finance. These internships can teach you how taxes affect individuals and families and how you can help people make smarter decisions when it comes to their tax filings.
Another good option is an internship with an investment or wealth management firm. These companies help people manage their investments and grow their wealth. As an intern, you might assist with research, prepare client reports, or learn about how investment strategies work.
You could also consider an internship in corporate finance. While this isn't directly related to personal finance, understanding how businesses manage their money can still be helpful. In these internships, you would work on tasks like budgeting, financial forecasting, etc.
Interning at a bank or credit union is another great way to gain experience. You'd learn about how people use personal banking services like savings accounts, loans, and credit cards. You might also get a chance to see how banks help people manage their finances and apply for things like mortgages or personal loans. This type of internship would give you a deeper understanding of everyday financial services that people use to manage their money.
If you're passionate about helping communities, you can consider an internship with a non-profit organization that focuses on financial education. Many non-profits teach people how to budget, save money, and make better financial choices. In these internships, you might help create educational programs or assist people with financial planning.
Interning at a tax preparation or accounting firm is also valuable. Understanding how taxes work and how to help people save money through tax strategies is a key part of personal finance. These internships can teach you how taxes affect individuals and families and how you can help people make smarter decisions when it comes to their tax filings.