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.

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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.

 

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

 
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