PFM Group
I saw a couple posts about The PFM Group using the search function, but was wondering if anybody had any additional information about culture, hours, pay, etc.? I'm particularly interested in the NYC office as I recently applied for an opening there. Any information would be greatly appreciated.
Experienced PFMer here. Culture and hours vary wildly based on office, and business unit. The PFM Group umbrella consists of three branches: Public Financial Management Inc, the financial advisory (FA) practice, Public Financial Management Asset Management, the assest management (AM) practice, and a tiny Philadelphia based unit that advises on swaps. The company as a whole is very top heavy, and decentralized. Each office operates as its own little kingdom, with Managing Directors ruling as autocratic kings.
The New York office includes both FA and AM personnel, but mostly FA. FA hours are worse than AM hours. I can tell you that FA hours fluctuate based upon whatever deals you are advising on. I know turnover in the NYC office is high so you'll be on your own to figure a lot out. Normal week for new analyst may be 50-60 hours. Deal intensive week could be 70-80. Starting pay for a new NYC analyst I think would be about 55-60k plus another $5k in signing and year end bonuses combined.
Just curious, where have you seen Analysts go after working at PFM Public Finance for about 2 - 3 years? Do they stay in public finance or go to something like healthcare investment banking? Muni S&T?
Thanks
Barclays s&t
Thanks for the advice osaze haha
banking
PFM Group - public finance (Originally Posted: 02/23/2011)
How is an internship in public finance viewed for full-time analyst recruiting in IBD (m&a, finn spon, TMT). Will it hurt me?
If I don't get a summer analyst gig this summer I may be doing an internship at the PFM group an institutional financial advisory firm. I don't have any interest in munis long-term but I figured I could learn a lot. Does it look good on a resume?
Public finance is technically investment banking by definition, it's the process of raising capital for municipalities etc. It's more related than PWM or all the other stuff everyone stocks the early years of their resume with.
Est et odit voluptatum vero. Voluptatem quisquam sed et exercitationem sint.
Iste quas perspiciatis nobis ut molestiae. Iste rerum veniam commodi aperiam enim quam. Rem aut maiores itaque. Debitis dicta neque voluptates blanditiis minima ratione. Itaque totam qui hic delectus iusto at rerum.
Et quis facilis eveniet fugit pariatur labore. Ipsa nesciunt vitae omnis ipsam. Nihil illo alias veritatis magnam vel omnis excepturi.
Sunt est itaque quasi nesciunt voluptas. Quaerat aspernatur aut enim reprehenderit dolore doloremque iusto. Veniam debitis consequuntur hic illo dolorem sit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...