Should I do Municipal Finance or Corporate Banking at RBC for 2024 SA

Going into my junior year and I have the option to do either Corporate Banking or Municipal Finance, which of these would be the better option if I wanted to try and lateral to IB or try at FT recruiting, also does anyone know around the pay range for either of these roles? 

Thank you for replies in advance! 

7 Comments
 

No, Corporate banking is investing in investment grade companies via debt

Investment banking is connecting companies with investors

Always here to help!
 

Not at all! Its literally investing in companies on behalf of the bank. Less hours and good WLB, but also good work. 

Always here to help!
 

Nemo accusamus labore nesciunt non accusantium. Soluta libero facilis quod architecto maxime. Et nobis omnis blanditiis accusamus.

Est dolorum quos inventore ducimus vel. Veniam magnam et optio dolore non.

Magnam ipsum nostrum necessitatibus voluptatum. Tenetur officia id voluptatem. Nihil et iste voluptates non corrupti. Doloremque molestiae error repudiandae in.

Career Advancement Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

November 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

November 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (29) $183
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (77) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”