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! 

 

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

Investment banking is connecting companies with investors

 

Assuming Municipal Finance is their Muni IB or PubFin IB team then do that 100%. Pretty easy to move IB -> IB and even easier if you can do NFP HC, P3/Project Finance, or transportation.

 

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