Vault Career Intelligence has released its annual rankings of the best internships for 2014. Several specify that they are seeking accounting majors. Ratings are based on compensation and benefits, employment prospects, interview process, career development and quality of life.
Every summer, investment bank Evercore hires between 20 and 50 interns for 10-week internships. Interns participate in assignments involving acquisitions, divestitures, joint ventures and restructuring projects for clients. Interns often teamed with a full-time counterpart but also given independent analytical work. The company is hiring interns for its Toronto location. Accounting majors entering their senior year of school may apply. Applications are reviewed starting in December, so be sure to apply prior to leaving for Thanksgiving break.
Another investment bank, Houlihan Lokey hires between 50 and 100 interns each year for a 10-week program. Houlihan Lokey assigns interns to deal teams to work on deals involving mergers, acquisitions, valuations and the like. The internship is designed to show students what it is like to work at an investment bank so the student can make an informed decision as to whether investment banking is right for them. For 2014, Houlihan Lokey is looking for college students entering their junior or senior year for locations in major cities in the United States plus London. Application deadlines depend on the schools where they recruit. Start soon after the beginning of the year.
An internship ranking for accountants would not be complete without one of the Big Four. At PwC, they are looking for not only accounting majors, but also marketing, IT, and finance majors. PwC takes its internships seriously, by offering a regimented program that includes virtual training, coaching, shadowing, community service, and sponsored networking events. Community service may include traveling internationally to assist with youth education in financial literacy. Selected inters will travel around the world for one-week assignments. Interns that receive a full-time job offer will travel to Disney in Orlando, Florida for leadership and team building. PwC hires over 100 interns nationwide. Start early as the application deadline for PwC is a year before the beginning of the internship so it would be a good idea to apply prior to leaving for summer break the year before.
Capital One hires between 50 and 75 interns each summer for a 10-week program. Activities include training and development, executive lectures and networking events. Interns are to give a final presentation to their team’s senior leaders at the end of the internship. The Finance Internship Program gives accounting majors an opportunity to prepare financial forecasts, develop analytical reports, and participate in the process to publish annual financial statements. Interns may work in four locations including Plano, Texas; McLean, Virginia; Richmond, Virginia; and Wilmington, Delaware. Applicants should apply in September during their junior year.
Smart applicants choose to apply at companies offer a job they are interested in. Although companies offer attractive benefits to interns, the long haul may be different. Use the internship to determine whether the job is something you can do for the next five years.
About Sara Huter
Sara Huter has over 15 years experience in the banking and energy industries, and over 10 years as an adjunct professor. Her work has been published for BusinessBee.com, the International Directory of Company Histories, the Encyclopedia of Business Insights: Global, EHow.com, and Examiner.com. Find out more about Sara at her Google+ Profile.