23 Dec Finance vs Business Development Internships: Which Is Right for You?
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Choosing between a finance internship abroad and an international business development internship can be tricky as both offer exciting learning opportunities, valuable skills, and global career potential. But the experiences can actually look very different in practice.
If you’re torn between numbers and networking, this guide will help you figure out which path best fits your interests, personality, and long-term goals.
First, let’s break down what finance and business development interns usually work on, and where their internships are likely to be.
What does a business development intern do?
A finance internship focuses on understanding how money moves within companies, from budgeting and forecasting to analyzing investments and managing risks.
Typical finance internship tasks include:
- Assisting with financial reports and budget tracking
- Conducting market or company analysis
- Supporting auditing, accounting, or forecasting projects
- Working with tools like Excel, Power BI, or accounting software
- Researching financial trends or preparing client presentations
Finance interns are able to get a behind-the-scenes look at what drives business decisions. You’ll learn how to translate data into insights, which is a skill that could also be useful across any industry.
This field would be best for you if you’re:
- Detail-oriented and comfortable with numbers
- Curious about global markets
- Interested in banking, consulting, or corporate finance
- Someone who enjoys structured tasks and accuracy
And if you’re wondering where finance interns usually work, here’s a few of the popular ones:
- Corporate finance teams (budget planning, forecasting)
- Startups (financial modeling, fundraising support)
- Investment firms (portfolio analysis, client reporting)
What does a finance intern do?
A business development internship is all about growth. You identify opportunities, build partnerships, and help companies expand their reach.
Typically, business development internship tasks involve:
- Researching new markets or potential clients
- Creating pitch decks and proposals
- Supporting sales, partnerships, or marketing efforts
- Managing CRM tools and tracking outreach progress
- Attending meetings and assisting with client communications
In a nutshell, business development interns help connect the dots between products, people, and profit.
This industry would be a great fit for you if you’re:
- Outgoing and communication-driven
- Interested in entrepreneurship or startups
- Strategic and creative with problem-solving
- Excited about pitching, negotiating, or market research
An internship in business development offers the chance to work in dynamic environments where you’ll see real-world business challenges—especially in fast-paced global markets.
To sum it up, if you’re analytical and enjoy precision, finance might be your match. And if you’re people-oriented and thrive on new ideas, then business development could be perfect.
Skills you can develop in finance and business development internships
Internships in finance and business development offer a chance to develop skills that employers actively seek. From analyzing data and mastering financial tools to pitching ideas and spotting growth opportunities, they help you build a versatile skill set that applies across industries.
Finance internships help you build:
- Analytical skills – interpreting data to make business decisions
- Technical proficiency – using finance software and tools
- Attention to detail – accuracy in reporting and auditing
- Business awareness – understanding company financial health
On the other hand, business development internships improve your:
- Communication skills – presenting ideas confidently
- Strategic thinking – spotting growth opportunities
- Negotiation skills – closing deals or partnerships
- Cross-cultural awareness – adapting to global business styles
Quite different skills per industry, but both definitely build transferable ones that most, if not all, employers value.
Career growth after a finance and business development internship
A finance or business development internship can open doors to a wide range of career paths. Whether you’re drawn to numbers, strategy, or innovation, these internships give you hands-on experience that lays the foundation for long-term professional growth.
Possible career paths for finance interns include:
- Corporate finance analyst – helping large firms manage budgets and financial strategy
- Investment banker or financial consultant – advising on mergers, acquisitions, or funding
- Accountant or auditor – ensuring compliance and accuracy
- Fintech specialist – combining finance with technology and innovation
Many students who start with a corporate finance internship abroad also go on to pursue CFA, CPA, or MBA programs later on.
Meanwhile, business development internships can lead to the following careers:
- Business development manager – leading growth strategies for global markets
- Sales or partnerships manager – building client relationships and partnerships
- Marketing or product strategist – helping shape brand direction
- Startup founder – applying entrepreneurial skills learned during internships
A business development internship can be a gateway to leadership roles, especially for those who love creating impact through ideas and relationships.
Now, let’s explore some top destinations for each industry. Where you intern can be just as important as what you do, since the right city can give you exposure to leading companies, global markets, and unique professional networks.
Top destinations for finance internships
- London – One of Europe’s top financial centers; home to leading banks like HSBC and Barclays
- Singapore – A hub for fintech, corporate finance, and wealth management
- Shanghai – Fast-growing financial center with exposure to Asian markets
Top destinations for business development internships
- Paris – Boasts a high-ranking startup ecosystem
- Seoul – Emerging tech ecosystem in Asia
- Tokyo – A leading business and innovation hub
Aside from gaining invaluable work experience, interning in these destinations allows you to immerse yourself in local cultures, build a global network, and develop a broader perspective on business practices. The connections you make, the environments you navigate, and the challenges you overcome abroad can shape not just your career, but your personal growth, too!
Factors to consider when choosing between finance and business development
The right internship can shape not only your resume but also your confidence, career perspective, and professional growth. Reflecting on your preferences, strengths, and long-term goals can help you make a decision that’s both practical and fulfilling.
First, ask yourself:
- Do I prefer numbers or networking?
- Would I rather analyze trends or create partnerships?
- Do I enjoy structured tasks or flexible projects?
- Where do I see myself thriving long-term: corporate or entrepreneurial environments?
Other than those questions, here are some more things that you may consider when deciding:
Company type – A startup business development role might feel more dynamic compared to a large finance firm.
Mentorship style – Finance internships often offer technical mentorship while business development offers interpersonal coaching.
Future goals – If you want to start your own business someday, business development might give you more flexibility.
By considering your personal goals, preferred work environment, and the type of mentorship you thrive under, you can choose an internship that sets you up for meaningful growth and a successful global career.
So, which internship should you choose?
Well, there is no right answer—just the one that fits your strengths and curiosity best.
Choose finance if you:
- Enjoy numbers, analysis, and structured work
- Want to pursue banking, accounting, or corporate roles
- Value precision and technical expertise
And choose business development if you:
- Love communication, networking, and creativity
- Want to explore entrepreneurship or growth strategy
- Enjoy fast-paced, people-driven environments
If you’re still unsure, some students start in business development and later pivot to finance (or vice versa). The global business world is flexible—your internship is just the beginning.
Ready to get started?
Whether you’re dreaming of a corporate finance internship in London or an international business development internship in Seoul, Absolute Internship can help you get there. Our onsite internship programs include:
- Guaranteed internship in your chosen field
- High-end student housing
- 24/7 onsite support
- Cultural activities and day trips
- Career workshops
- Access to an international alumni network
Explore your potential with a finance or business development internship abroad. Apply today and take the first step toward your global career!
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