Public Finance vs LIHTC?
It's looking like I have two opportunities (both at BBs) - public finance and affordable housing lending (LIHTC).
Does anyone have any thoughts on which career path could be better? I've heard munis have been experiencing thinning fees for a while, but is that the same for affordable housing lending? It seems like there could be more opportunities after being in affordable housing lending for a while.
If anyone has any insight on comp/hours and general career progression that would be great.
If you are looking to move to more of a coverage group, I would say pub fin will give you a better opportunity. I would be less concerned about the fee structure at the analyst level. Also, Muni fees are capped, so the thinning fees are less to worry about in the sense that banks know basically what the fee is going to be on most deals.
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