If you are interested in pursuing a career in accounting, getting an internship can be a great way to gain valuable experience, learn new skills, and network with professionals in the field. However, landing an accounting internship can be challenging, especially in a competitive market. Here are some tips on how to become an accounting intern and make the most of the opportunity.
Accounting is a broad and diverse field that covers many areas, such as auditing, taxation, financial reporting, management accounting, and forensic accounting. Before you apply for an internship, you should have a clear idea of what area of accounting interests you and matches your skills and goals. You can research different accounting roles, talk to your professors or mentors, or take online assessments to find your niche. This will help you narrow down your search and target the right employers and positions.
Accounting looks different depending on the industry so getting a broad view of the profession is helpful before embarking on your career. An accountant for a law firm will be different than an accountant in fashion and making a switch 10 years in to a career makes it more challenging to make a switch. So if you can get internships in different areas that would be ideal!
"Finding your niche" is a pivotal piece of advice for aspiring accounting interns. This approach involves identifying a specialized area within accounting that resonates with your interests and strengths. For instance, you might be drawn to forensic accounting, tax, or audit. Specializing not only enhances your appeal to potential employers but also allows you to develop a deep understanding of specific practices and regulations. This targeted expertise can set you apart in a competitive field. As an intern, demonstrating a clear direction and passion for a particular niche can lead to more meaningful learning experiences and better position you for future career opportunities in that area.
Your resume is your first impression on potential employers, so you want to make sure it showcases your relevant education, skills, and achievements. You should highlight your accounting courses, projects, and certifications, as well as any extracurricular activities or volunteer work that demonstrate your leadership, teamwork, and communication skills. You should also use keywords and phrases that match the job description and the accounting field you are applying for. For example, if you are interested in auditing, you might mention your knowledge of GAAP, internal controls, and risk assessment.
A well-crafted resume should highlight not just your education and academic achievements, but also relevant skills and any practical experience. In the accounting field, emphasize your proficiency in accounting software, analytical skills, and attention to detail. Include any relevant coursework, projects, or volunteer work that demonstrate your accounting abilities and understanding of financial concepts. Tailoring your resume to showcase skills pertinent to the accounting industry is crucial.
Once you have sent your resume to various employers, you should prepare for the interview process. You should research the company, the industry, and the specific role you are applying for, and anticipate the questions they might ask you. You should also prepare some questions of your own to show your interest and curiosity. You should practice your answers and your body language, and dress professionally and appropriately for the interview. You should also follow up with a thank-you note after the interview, expressing your appreciation and enthusiasm for the opportunity.
It's essential to understand not just the basics of accounting, but also the specific practices and values of the firm you're applying to. Research the company thoroughly and be ready to discuss how your skills and goals align with their operations. Familiarize yourself with common accounting principles and be prepared to demonstrate your problem-solving and analytical skills through practical examples or case studies. Also, work on your communication skills, as clear and effective communication is vital in accounting roles.
Preparing for interviews is the key to landing a role. Research the organization, the role itself and be prepared to speak to what makes you a fit for the role. Additionally, if you have experience, become comfortable talking through your background and more detailed explanation if asked- Do not read off of your resume! Prepare examples of accomplishments or problems you were able to solve or turn around- having multiple examples of these will help you answer any behavior-based question that comes your way!
As an accounting intern, you should aim to learn as much as possible from your supervisor, colleagues, and clients. You should seek feedback and guidance on your performance, your strengths, and your areas of improvement. You should also ask questions, seek clarification, and request additional tasks or responsibilities when appropriate. You should show initiative, curiosity, and willingness to learn from your mistakes. You should also take advantage of any training, mentoring, or networking opportunities that the internship offers.
This proactive approach demonstrates your willingness to learn and improve, which is highly valued in the accounting field. Reach out to professors, career advisors, or professionals in the industry for insights and advice. They can provide valuable feedback on your resume, interview techniques, and even suggest areas for improvement or additional skills to acquire. Engaging in networking events or joining accounting forums can also offer opportunities to seek guidance and understand industry expectations better. Remember, constructive criticism is a tool for growth; embracing it can significantly enhance your prospects.
One of the benefits of doing an accounting internship is that you can build your portfolio of work samples, achievements, and references. You should document your projects, tasks, and results, and keep track of any feedback or recognition you receive. You should also collect any certificates, awards, or letters of recommendation that you earn during your internship. You should use these materials to update your resume, create a portfolio website, or showcase your skills on social media platforms like LinkedIn.
In the accounting field, a portfolio isn't just a collection of past work; it's a comprehensive showcase of your skills, knowledge, and achievements. Include relevant coursework, projects, and any practical experience, such as involvement in finance-related clubs or volunteer tax preparation services. Highlight your proficiency with accounting software and tools. Additionally, include any certifications or extra courses you've taken related to accounting. This portfolio demonstrates not just what you've learned, but how you've applied your knowledge in practical scenarios. Tailor it to highlight areas most relevant to the internship you're seeking.
Finally, you should plan your next steps after completing your accounting internship. You should evaluate your experience, your skills, and your goals, and decide what you want to do next. You might want to pursue another internship, apply for a full-time job, or continue your education. You should also maintain contact with your supervisor, colleagues, and clients, and ask for referrals, recommendations, or advice. You should also thank them for their support and guidance, and express your interest in staying in touch.