Municipal Finance - how to break in?
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Anyone?
Cold-calling or emailing would be your best option. Truth is, that public finance is a very small space and a lot of people end up staying and not leaving, so openings don't come often. Your best bet is networking, I'm a temp (ending soon) and I'm having trouble landing interviews through online apps, indeed.com etc. So now I am trying to network now and its not easy. If all fails MBA might be your reset button.
Also I know there is healthcare banking (corporate) if I remember Jefferies kills that space. So maybe you can try to get into a healthcare banking (non- public finance).
Also I believe that SBCO doesn't have a healthcare group.
I know Barclays, MS and Citi do.
Hope this helps or provides some color.
Best of Luck.
How did you get into the Big four advisory/consulting gig? I went to a non-target and big four only recruits for audit and such no TAS or consulting.
thanks TheKid1.
Anyone else by chance have anything additional to add?
Networking is your best bet and there are a lot of opportunities with munis. There is obviously the PF side, but you can also work in S&T, hedge funds, mutual funds, research, and so forth. Some firms have a formal recruiting season and process, but most don't. I would start emailing and calling people.
Piper had some openings recently for a PF analyst.
PublicFinance IB is definitely a niche part of the overall investment banking department of most investment banks. I would say that getting in to PF or Municipal Securities groups of investment banks requires a more unique, customized approach than the standard IB process in terms of your story, preparation and overall fit. I would be happy to answer more questions and give you more insights in to this.
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