I have a high connect at RBC, he gave me the option to interview for either municipal finance or corporate banking. I chose corporate banking was that a bad decision? Should I try to tell him I want to do municipal finance instead.
Having a hard time deciding which one to choose, hard to find good info on this site on either of the topics.
Does anyone know which analyst position would have a higher starting salary?
Not a good way to think about things - year 1 salary is irrelevant, long-term earnings and career interest is what you should focus on
Muni land is bond-heavy but tends to be a good "exit op" as the hours are low - have not seen anyone jump to M&A from this but I'm sure it happens. Corp banking is a common seat if looking to jump to classic IB. Don't think either is a bad answer - I would learn more about each and figure out which is interesting to you.
Yes true the good thing I have heard about public finance is that once people get in they dont tend to leave. If you had to choose one which one would you choose as a starting job? I think my goal would be to try and eventually exit out to IB or the buy side.
If you want IB/PE corp banking is a good starting place. You will cover traditional companies rather than municipal entities - pub fin is interesting work, but not that relevant to M&A and a bit of a harder sell. If you do corp banking and cover healthcare (or whatever) you will already have significant industry knowledge to join a HC IB group
Ok thank you so much this is the reply I was looking for! I found that the salary ranged around 85k, by any chance do you have an estimate of what an all in salary for a role like this would be for a analyst.
Thanks so much for the reply in advance!
wouldnt muni have better exits though because its in the IBD?
It's "IBD" but rather tangential... your coverage and typical work is much different than what classic IB does. A muni bond is a very different product than M&A. Corp banking you would at least cover the industry / clients already
We’ll put
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