RBC Public Finance
Does anyone have thoughts on RBC Public Finance? Interested in the group but don't know much about it.
Comp, hours, culture etc would be appreciated
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Have a buddy working there, one of the stronger public finance groups on the street. Culture seems fairly chill, but def certain days where they get worked (not m&a hours but for muni banking standards). Some weekend work during busy stretches. Overall great place to be if you want muni.
How do people prepare for these interviews? Are there any pubfin specific guides or primers?
I would read the mergers and inquisitions public finance guide. https://mergersandinquisitions.com/public-finance-investment-banking/
Honestly, I’ve interviewed with a few public finance groups and there are rarely any difficult technicals (if at all). It’s such a niche industry that isn’t really taught in school that you’re basically expected to know nothing. Just have a view on the markets (esp in terms of treasuries/interest rates/maybe even muni bonds), be personable, and know the basic sample questions in the guide above and you’re set. Best of luck!
https://www.wallstreetoasis.com/forum/job-search/public-finance-resourc… See my comment on this thread and you'll basically have covered all bases.
What kind of hours are we talking about?
If you are interested in preserving your mental Health, take Care to avoid a certain group there.
Is this a group within pubfin?
Yes
Which group is this?
Read between the lines lol
RBC public finance varies heavily depending on which office you work in. The New York office is quite different from the regional offices. The regional offices generally have lower expectations for working hours but they also pay less.
In the regional offices, you get 65% of what NY is making for 65% of the hours, but since COL is also a factor, it's not as 1:1 as it seems. Junior level, might deviate more substantially as you make your way up.
Public Finance is a dying industry, Every analyst and Associate is actively looking to switch groups. Current RBC analyst
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