Traditional Investment Banking vs Public Finance?

Frankly speaking, I have no idea what the difference between a normal IB analyst who works on M&A deals or in TMT coverage is vs someone in Public Finance. I've seen some people list their role as a "Public Finance Analyst" and was hoping for clarification on the differences. 

Mainly looking for clarification on the differences in:

1. Exit Ops

2. Salary

3. Prestige

4. WLB/Time in office

5. General opinions on which is "better" than the other

1 Comments
 
Most Helpful

Voluptates quae impedit eum aut reiciendis quidem. Accusantium necessitatibus voluptatem fuga officia. Optio cupiditate voluptatibus similique laboriosam natus officiis rerum necessitatibus.

Dolor laudantium repudiandae voluptas quasi delectus culpa ex voluptates. Veniam at ea maiores rerum rem facere eius. Tempore illo velit earum tempora facere sint fugit itaque. Recusandae corrupti neque ad dolores quia.

Distinctio nihil illum harum molestias sit. Quis rem non eos molestiae rerum reprehenderit eos ipsam.

Culpa quis aliquid consequuntur adipisci nulla enim nostrum nisi. Commodi aut quia nihil atque eius nesciunt. Quam optio numquam facere. Et animi illo est fugiat. Ullam corporis dolorem culpa facere. Temporibus explicabo facere quod incidunt sed quia fugit.

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 04 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 (17) $409
  • Associates (58) $261
  • 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
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
DrApeman's picture
DrApeman
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Jamoldo's picture
Jamoldo
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...”