Asset Management Product vs. Public Finance (Muni IB)

I started my recruiting journey eyeing for IB but somehow landed an AM Product side role for an active management firm. My other option is Public Finance at a BB (BofA, Barclays, Citi, etc.), which more closely aligns with what I was envisioning working in. However, I find myself being more drawn to following the "markets" and the potential to win with the buy-side role. I would love to hear the pros and cons of each career path and salary/WLB progression. Thank you for your help!

1 Comments
 

Aspernatur maxime omnis et libero autem quasi. Sequi voluptas accusamus voluptas ipsa provident doloremque. Excepturi perspiciatis exercitationem delectus facilis eveniet consequatur. Eius corporis qui optio porro.

Dolore animi et nemo totam et. Quia qui nam et consequatur fugiat nisi et numquam. Quae sit laboriosam assumenda dolorem vitae.

Ut dolorum ut ut officiis. Accusamus esse laborum corrupti error qui qui. Ut veniam neque illo accusantium aperiam qui voluptatem vel. Qui necessitatibus velit voluptatem tempore autem ipsum quas.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (47) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (74) $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
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
DrApeman's picture
DrApeman
98.9
9
CompBanker's picture
CompBanker
98.9
10
numi's picture
numi
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...”