Introduction

Embarking on an accounting internship in Victoria offers a unique experience in gaining practical and personal growth. Victoria, which is evolving as Australia’s economic and financial hub, is home to diverse industries and unique work styles. From small businesses to large multinational companies, securing a job in this competitive place can challenge some. Securing an excellent internship here requires academic qualifications, navigating the market, and analyzing work structure. Let’s dive into the complete overview of the Accounting Internship scene in Victoria alongside some of the challenges and tips.

Where to Find Internships in Accounting

1. Company’s Website: Most companies directly advertise internship programs on their websites.
2. Job Portals: Job portals like Stryker, Indeed, and WorkinAUS often feature internship roles related to Accounting.
3. LinkedIn: An established company like LinkedIn provides an excellent way for job seekers to find the right internship.

Some Popular Companies For Internship

There are multiple companies in Victoria excelling in accounting, which can be an excellent option for internships. Some of them are:

1. PwC Australia: Provide auditing, consulting, and tax services
2. RSM Australia: It offers accounting and advisory services
3. Deloitte Australia: A global firm providing audit, consulting, financial advisory, and tax services.
4. Ernest&Young Australia: Provides a wide range of accounting services, including auditing, tax, and so on.

How Much Can Internships Earn You In Victoria?

The salary of an intern in Accounts can vary from AUD 45,000 to AUD 60,000 annually. The hourly wage is mostly around AUD 30. However, this can vary significantly on various factors. Some of those factors can be:

1. Company’s Size
2. Location of the Company
3. Skills and Experience 
4. Industry 

What is the Primary role of an Accounting Intern?

Some of the primary tasks in this sector include:

1. Document Management: Organizing and filing financial documents such as invoices, receipts, and statements.
2. Assisting with Financial Reports: Interns are responsible for helping prepare financial statements and reports, which include balance sheets, income statements, and cash flow statements.
3. Research and Analysis: Conducting financial research supporting decision-making.
4. Administrative Support: Assisting in administrative duties such as email management and scheduling.
5. Coping with the dynamic workplace: Interns should be able to match the pace of the workplace.

Career Advancement Through Internship

An accounting internship in Victoria can be a great way to kickstart your career in the financial sector. Internships provide hands-on experience, allowing interns to apply theoretical knowledge to the test in a real-world scenario. Interns gain valuable insights into the job and workplace and better understand the field. Relationships developed during internships can lead to job offers in the future, making it easier to secure full-time jobs.

Furthermore, the experience gained during an internship can make the candidate more competitive in the job market. Internships also expose candidates to specific areas of accounting, such as tax, audit, and management accounting. An Accounting internship in Victoria provides the essential experience needed for entry-level positions. It is an excellent foundation for long-term career advancement, offering a clear path from an intern to a Senior level Accountant.

Tips To Secure an Internship In Accounting

Here are some tips to help you stand out:

1. Start Early: Begin your search early. This will give you an edge over your competitors and provide ample time for research and exploring opportunities.
2. Tailor your cover letters and resume: You can customize your cover letter and resume for each application. Make sure to emphasize your enthusiasm for accounting and your willingness to learn.
3. Network Actively: Correctly use your network and grab any opportunity that comes your way.
4. Prepare for Interview: When you reach the interview stage, be well-prepared. Research the company properly and explain how your skills align with the internship role.
5. Be Persistent: If you don’t get internships immediately, don’t get discouraged. Keep applying, seek feedback on your application, and continue to build your skills.

Read More:  Exploring Internship Opportunities in Sydney