Minnesota Finance Internships

Here’s an overview of finance internships in Minnesota, formatted for HTML:

Minnesota boasts a thriving economy with a strong presence of Fortune 500 companies, making it a fertile ground for finance internships. Opportunities span various sectors, from corporate finance roles at major corporations to positions within investment management firms, banks, and insurance companies. Minneapolis and St. Paul are the main hubs for these internships, but opportunities can also be found in other cities across the state.

Types of Finance Internships:

• Corporate Finance: These internships offer exposure to budgeting, financial analysis, forecasting, and reporting within a company setting. Interns might assist with preparing financial statements, analyzing profitability, or supporting mergers and acquisitions activity. Prominent companies like Target, 3M, UnitedHealth Group, and Best Buy often offer corporate finance internships.
• Investment Management: Internships in investment management provide insight into portfolio management, equity research, fixed income analysis, and trading. You might work with investment analysts, portfolio managers, or traders, gaining hands-on experience in the investment decision-making process. Companies like U.S. Bancorp Fund Services and various smaller investment advisory firms provide these opportunities.
• Banking: Banking internships range from retail banking to commercial lending. Interns may assist with customer service, loan processing, credit analysis, and financial planning. Banks like U.S. Bank, TCF Bank (now Huntington National Bank), and regional banks offer internship programs.
• Insurance: Insurance companies require finance professionals for actuarial roles, risk management, and financial planning. Interns might assist with actuarial modeling, claims analysis, or investment management within an insurance context. Companies like Securian Financial and Allianz Life offer internships in these areas.
• Financial Planning: Internships with financial planning firms provide exposure to client relationship management, investment advice, retirement planning, and estate planning. You’ll assist financial advisors in developing financial plans for clients and managing their investments. Many smaller, independent financial planning firms offer these internships.

How to Find Internships:

• Company Websites: Directly visit the career pages of companies in Minnesota that interest you. Most large companies post internship opportunities on their websites.
• Online Job Boards: Utilize platforms like LinkedIn, Indeed, Handshake, and Glassdoor to search for finance internships in Minnesota.
• University Career Services: Your university’s career services department is a valuable resource. They often have relationships with local companies and post exclusive internship opportunities.
• Networking: Attend industry events, career fairs, and networking sessions to connect with finance professionals and learn about potential internship openings.

What to Expect:

Finance internships in Minnesota are generally paid and last for 10-12 weeks during the summer. Some companies also offer internships during the academic year. Compensation varies based on the company, the role, and the intern’s experience level. A strong academic record, relevant coursework (finance, accounting, economics), and excellent communication skills are generally required. Prior internship experience or involvement in finance-related student organizations can also be beneficial.

Landing a finance internship in Minnesota can be a valuable stepping stone to a successful career in the financial industry. Researching different companies and roles, networking with professionals, and preparing a strong application are key to securing an internship that aligns with your interests and career goals.