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Raymond James is objectively a bigger and more established player in public finance. If you want to stay in public finance for the long term, you could certainly be successful at either, but you should consider your personal preferences. Chicago vs. Memphis/St. Pete (it sounds like Chicago). Small vs. large pond. Your colleagues. I used to be in PF at a firm close to WB in terms of number of PF bankers and I personally wouldn't have left for RJ. That being said, RJ should have stronger dealflow, larger deals, etc., so that could be advantageous if you're trying to build a career in PF. I don't know much about comp at the two firms, but you'll find this out if you ever have a decision to make.

If you want to move somewhere else, like to corporate IB, WB may be better. Besides the opportunity to move within WB, it'd also be a lot easier to interview somewhere else in Chicago vs. flying up from Memphis/St. Pete (not just easier for you, but also for the firms/recruiters looking to hire). WB in Chicago may look better to anyone recruiting for corporate IB, assuming they probably don't know much about PF. If you're leaving public finance, anyone outside the sector will not know or care about the PF league tables.

 

That's great advice, thanks! So anyone outside of public finance won't care about league tables... Will they likely then view WB as a more "prestigious" experience? What about to a business school?

I feel like if Raymond James would offer higher comp for PF bankers that would be the decider, but I have no way of knowing that as of right now :s

 

That's true.. But I'd rather pay the extra and live in Chicago. I guess moreso than analyst/junior pay, I'm trying to ask if guys at RJ in pub fin would make a lot more at the VP/MD level than their equivalents would at WB? RJ does a ton in par, but that has to be distributed amongst a lot of bankers? If pay would be similar at senior levels, I wouldn't really mind rankings.

 

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