A financial internship abroad is your first step towards success in the global arena of business. In our modern world of multinational investment opportunities and rapidly globalizing markets, developing the skills necessary to complete finance work cross-culturally with foreign firms is invaluable experience to have under your belt. Not to mention traveling and living abroad will be a whole lot of fun!
Why Intern Abroad in Finance
The value of a finance internship abroad in the financial sector goes far beyond the boost to your resume. Gaining experience in a real workplace enables you to learn on the job, begin building a reputation, and undergo tremendous growth, both personally and professionally. Finance is a competitive field of employment, and completing an internship in another country demonstrates to employers that you possess the flexibility and ambition required to achieve success in the field.
You can find internships abroad in all financial sectors in most big cities across the world, although the language barrier might prove to be a significant obstacle in many places. If language immersion is not part of your professional plan, then it is best to find finance internships abroad for multinational companies or organizations in English speaking countries and in cities with a premier global status.
A “global city” is one which is deemed to be an important center of activity in the international economic system. In the Western world, these potential locations include New York City, London, Paris, Madrid, Amsterdam, and Sydney. These cities boast the headquarters of some very prestigious international companies and have a high level of global connectivity built up through trade and communications.
In the East, cities such as Hong Kong, Singapore, Tokyo, and Shanghai are some of the highest ranked global cities, where it is possible to find an English speaking finance internship abroad. Business culture in East Asia can vary drastically from the West, but there are also many emerging markets in the region, making it a very fruitful place to land international internships in finance.
These are only a few of many options, but the latter give you a good idea of the most highly ranked global cities where it is easiest to find finance internships abroad. Other major global cities around the world include Dubai, Mumbai, Mexico City, and Sao Paulo. The whole world is at your doorstep, and the hardest part might just be deciding where to intern abroad!
Finance Internships Abroad
You can find an international internship in finance across a whole variety of companies, departments, and organizations, from big name investment banks to smaller regional firms. Depending on the finance work placement abroad you select, you will likely focus on a wide variety of financial tasks, assisting where needed and gaining exposure to multiple aspects of the profession. Specific day-to-day responsibilities as a finance intern abroad might include conducting financial research, preparing quarterly reports, assisting with budgeting, attending meetings, aiding in business presentations, and other such tasks.
Finance internships abroad are most commonly completed over the summer, and last for around three months. It is certainly possible to land an international internship during the fall or spring semester too, and many internships abroad will even offer the option to enroll in academic courses while completing your internship, so you don’t always have to worry about missing out on school.
Since finance is a very profitable sector, most interns can expect to be paid or compensated in some form for their services. Companies will differ in the type of compensation they offer to foreign interns, but for the most part you can expect to earn a decent wage. Housing and meals are sometimes provided for you by local employers as well.
Completing a finance internship abroad might be the most important step you take in your young professional career. Adapting to the intricacies of another country’s culture and business environment will certainly prove a challenge, but the leap will certainly pay off as you learn how to thrive within the global financial system. Wherever in the world you end up finding an international internship in finance, you are bound to have an incredible experience and learn a whole lot about how our world works.