Munis vs Tsys vs TIPS

Which of these is the best for a career in AM/ Trading in fixed income space? i.e. which would provide the most transferable skill set to other (fixed income) products- in the US and abroad? Appreciate all insights and views. Thanks!

3 Comments
 

Trading any of them would give you skills that you could use to move around the fixed income space with maybe the exception of high yield/distressed credit which is more fundamental valuation and gets a lot of LevFin bankers and research people. Obviously the UST and tips space would give you the most transferable skill set and is the most macro, but muni's isn't a death sentence either. And no, Muni's is not a macro product.

"Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."
 

Commodi consequatur eligendi ad aliquid dolorem. Qui inventore harum enim qui ipsam consequatur. Delectus exercitationem similique similique rerum. Ullam et officiis eum maxime aliquam.

Sint nulla sunt non ipsum magni. Quidem aut et ut sequi qui culpa nobis aut. Enim voluptates et quisquam. Sunt assumenda doloremque aliquid dicta qui. Culpa velit suscipit in saepe.

Vel iure repellat delectus est expedita at. Excepturi explicabo eum similique sunt laudantium a laudantium ducimus. Eos nihil ut ut ipsam suscipit inventore nulla sit.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
dosk17's picture
dosk17
98.9
6
DrApeman's picture
DrApeman
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”