In a public finance technical interview, you can expect a mix of technical and behavioral questions. Here’s what you should focus on based on the insights from Wall Street Oasis:

  1. Technical Skills: Be prepared to demonstrate your quantitative skills. Public finance often involves complex structuring of municipal debt across various scenarios to meet revenue constraints and issuer’s debt service desires. You might be asked to solve problems or analyze cases related to these topics.

  2. Understanding of Public Policy: Since public finance deals with state and local governments, having a good grasp of public policy and how these government bodies operate financially is crucial. You might be asked how certain policies affect public finance.

  3. Scenario-Based Questions: Given the current environment, such as the financial impacts of COVID-19 on governments, be ready to discuss how you would approach or solve specific financial challenges faced by public entities.

  4. Behavioral Questions: These will likely assess your fit within the team and your interest in public finance. Be prepared to discuss why you chose public finance and what you believe you can contribute to the field.

  5. Work-Life Balance Perspective: While not directly technical, understanding the lifestyle and demands of a career in public finance might be discussed to gauge your expectations and compatibility with the role.

Prepare well by reviewing these areas, and you’ll be more confident heading into your public finance interview. Good luck!

Sources: Public Finance Q&A, Public Finance Recruiting and Interviewing, Q&A: Public Finance Recruiting and Interviewing, Notes for Technical Interview Questions, https://www.wallstreetoasis.com/forum/investment-banking/debt-advisory-interview-what-to-expect?customgpt=1

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