How to Get an Accounting Internship in 2023
The importance of getting internships is something you've definitely heard again (from family and even high school teachers). And they are correct. We understand that as a current college student, you have a lot on your list in terms of coursework and coping with life.
Finding a decent internship, on the other hand, is one of the finest advantages you can have when it comes to launching your career right after graduation, or even before! This is especially true in the accounting field, where work experience is very important to earn a CPA certification and can help you in moving up the corporate ladder more quickly.
What Is An Accounting Internship?
The purpose of accounting Internship is to teach interns more about day-to-day accounting responsibilities and operations. Some of the core duties of accounting Internship may involve observing accounting department employees, helping with preparing financial report, and learning to manage and analyze financial data.
How To Get An Accounting Internship
We compiled a list of our top tips to land an accounting internship summer 2022 with a top accountancy firm. They include:
1. Understand the Importance of an Accounting Internship
Hands-on experience is invaluable, and firms like the Big 4 accounting firms recognize this. Quite a bit. In fact, former interns made up half of the entry-level hires at the Big 4 auditing companies. And, with so many excellent accounting students receiving good grades, experience becomes a far more important component in choosing who gets the job.
2. Know Where to Look for an Accounting Internship
It is very important to know the kind of internship you want, the branch of accounting you want to practice, your area of interest and the firms that can offer you such opportunity. You can find accounting internships at:
- major firms
- local firms
- in industry
- non-profit organizations
The Big 4 accounting companies provide excellent internship opportunities, which are often times a paid internship; but, because competition for these internship jobs is fierce, it's important to be well-prepared. This leads us to our next point.
3. Brush up on Your Professional Development Skills
Developing your professional skills is an important issue that will effect every area of your career, regardless of whether you want to work for one of the big 4 accounting firms. They are as follows:
- Following directions: If you're applying for an internship, you'll be given very specific instructions. Ensure that you follow them to the letter. Many candidates will be eliminated merely for failing to follow instructions; this demonstrates your attention to detail and ability to process information effectively.
- Polishing your resume: Include relevant experience with key words, phrases, and transferable skills that speak to the job description. Make sure it's in a solid, readable format that's also pleasing to the eye.
- Writing cover letters: Always include a cover letter with your application. You can use your judgment to add one in applications that don't say whether they want one or not—but only if it doesn't go against the directions. Most applications may state that a cover letter is optional; if this is the case, be sure to include one.
- Practice interviewing: Prepare for interviews by making a list of the questions you expect to be asked and practicing giving clear, succinct replies. Make a list of questions you want to ask them as well. Prepare for the right interview etiquette, including clothing code, body language, and arrival time, among other things.
- Writing follow-up emails: After your interview, send a follow-up email reiterating your interest in the position, explaining why you believe you would be a good fit, and including the information you obtained from the interviewer during the interview stage.
- Networking: Attend Meet the Firms events and career job fairs to network. Optimize your LinkedIn profile and seek out ways to network with people in your field. Request informational interviews from people at companies where you want to work; see if your contacts can put you in touch with hiring managers, etc. Networking can undoubtedly help you get a foot in the door!
4. Work Hard, Ask Questions, And Be Patient
Working hard is one of the top tips you can use to land an accountancy internship. Combine working hard with working smart, read accounting blogs that publish content on the latest Internship opportunities for recent graduates and students. You can even get information from the accounting department of your school.
Unless you actively seek out the materials you need to land a good Internship, you will not be able to get them. You'll be able to secure an accounting internship summer 2022 that will help you advance in your career if you continue to work hard, ask questions, and be patient.
How hard is it to get an accounting internship?
It's not easy to get a good accounting internship. It will take time and effort, as well as a few rejections, to find one. And don't be afraid to inquire if you have any queries or need additional resources. This includes your school's career center, professors, peers, networking links, family members, and friends.
Internship is a very good way of positioning your career especially if you are you recent graduate or almost out of school. Due to the high competition in landing an internship with top accounting firms around the world, it is very important to study hard so you can graduate with good grades and increase your chances.