Are you good at managing numbers? If yes, then an MBA in Finance will suit your career goals. There is an increase in demand for an MBA in Finance among Canadian students. Choosing a university that offers the program in online mode can be highly beneficial for your career, as you can pursue your career or personal interests alongside your studies.
The expected revenue in the Finance market is expected to reach CAD 59.93 million by 2029. So, this is the best time to enrol for an MBA in Finance. In this blog, we will discuss how to secure an internship for MBA Finance students, the skills and certifications that can enhance your internship prospects, and how upGrad can support you on this journey.
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Steps to Secure a Finance Internship During Your MBA in Canada
You need to be proactive and strategic if you want to land an MBA Finance internship in Canada. Canadian universities have a scheduled process for internship applications that must be strictly followed. In this section, we will guide you through the steps to be followed for a successful internship allocation.
| Step | Activity | Semester | Tools |
| Research and set a target | Researching organizations and setting out internship preferences | Before admission or 1st Semester | Company report and job boards |
| Resume building and LinkedIn upgrade | Update your resume and LinkedIn profile with keywords | 2nd Semester | LinkedIn Creator and Canva |
| Networking | Attend job fairs and reach out to alumni | 2nd Semester | LinkedIn and alumni meet |
| Applying strategically | Use job boards and college events | 2nd Semester, or whenever organizations post about openings | LinkedIn, Indeed, and University job portals |
| Interview preparation | Start technical preparation and practice case studies | After applications | upGrad mock interviews and Vault Guides |
Start Early and Understand the Internship Timeline
The best time to start researching internships is during the first semester of your MBA program, or even before you begin the course. Several organizations open their internship positions months in advance, so keep an eye out for these. Some of the tips that should be followed to land a Finance internship are:
- Monitor job boards of reputed organizations such as Goldman Sachs or JP Morgan.
- Attend MBA networking events.
- Monitor recruitment calendars on the university website.
Build a Strong Resume and LinkedIn Profile
You should update your LinkedIn profile to include all your latest certifications and achievements. The next step should be to update your Resume and Cover Letter to showcase your skills. You need to keep a few things in mind while doing the changes:
- Use bullet points with strong verbs such as ‘Achieved’, ‘Led’, or ‘Optimized’.
- Add statistical data to show your achievements.
- Update your LinkedIn profile with a suitable headline.
Network With Alumni and Industry Professionals
Networking is crucial for those seeking to advance in their careers. To secure finance internships and jobs, it is essential to expand your network strategically. Here are some tips:
- Participate in alumni networking events.
- Attend Finance clubs or college webinars.
- Join a Career portal or a mentorship platform.
Prepare for Interviews and Case Studies
If you want to land a Finance internship, you need to prepare for interviews and practice case studies on related topics. It can be achieved in the following ways:
- Practice for interviews with the help of Vault Guides.
- Work on Finance concepts such as Valuation or WACC.
- Prepare to answer questions regarding the organization’s vision and mission.
Apply Strategically to Finance Internship Portals
Research the organization’s policies to determine if they align with your career goals. Verify that your skills and expertise align with their requirements. Keep some tips in mind:
- Tailor the Resume and Cover letter to the organization’s requirements, incorporating relevant keywords.
- Use job boards and platforms.
- Prioritize company deadlines and specific requirements.
Also Read: How Project Management Helps Career Growth in Canada
Skills and Certifications That Boost Internship Success
upGrad offers several certifications that can help you build a strong foundation in Finance. They cover:
- Introduction to Ratio Analysis.
- Accounting Fundamentals.
- Introduction to Digital Banking.
- Financial Analysis Certification.
If you want to know about skills that will help you land an internship for MBA Finance for students, this section will give you the answers.
- Communication skills: You should have good verbal and written communication skills to excel in your Finance internship. You should be able to explain complex financial data in simple words to clients.
- Attention to detail: You must have strong attention to detail, as even minor errors can result in significant financial losses for the organization.
- Analytical skills: You should be proficient in Data Analysis, Financial modelling, and have experience using software such as Excel, Tableau, or Google Sheets.
- Financial concepts: A strong understanding of economic concepts such as Accounting, Budgeting, and Investment analysis is required for a successful internship.
Also Read: MBA Interview Questions & Tips For Canada Students – Common Questions And How To Prepare
upGrad Programs That Equip You for Finance Internships in Canada
upGrad is one of the leading choices for online education globally, as we partner with reputable and globally recognized institutes to provide quality education at an affordable cost. We provide MBA programs from the following universities.
- MBA Program from O.P. Jindal Global University
- Master of Business Administration from Golden Gate University
- Dual Degree MBA and DBA from Edgewood University
🎓 Explore Our Top-Rated Courses in Canada
Take the next step in your career with industry-relevant online courses designed for working professionals in Canada.
FAQs on Finance Internship During Your MBA
Q: What are the best finance internships for MBA students in Canada?
Ans: Some of the best internships for MBA Finance students in Canada are:
- JP Morgan
- Citigroup
- Goldman Sachs
Q: When should I start applying for internships during my MBA?
Ans: It is advisable to start researching companies as soon as you enrol in the MBA program, so you have enough time to determine what suits your goals and complete the applications.
Q: Can international students get finance internships in Canada?
Ans: Yes, international students can secure Finance internships in Canada as long as they fulfil the requirements set by the organizations.
Q: How much do finance interns earn in Canada?
Ans: Finance interns in Canada can earn around CAD 31,000 to CAD 49,000 annually. It depends on factors such as skills, university, and experience.
Q: What skills are needed to land a finance internship?
Ans: You need soft and technical skills to land a Finance internship. Some of these skills are:
- Financial analysis
- Data analysis
- Communication
- Attention to detail
