Public Finance Associate looking to make a change

I've been working for a small public finance advisory firm in NY for the past four years and lately I've been thinking about making a change. I've gained a tremendous amount of experience structuring debt offerings for municipalities and advising our clients through the process but I don't know if I want to work in public finance for the rest of my career. I would like to move into investment banking, my only issue is that I don't know how easy it would be to transition from public finance into investment banking. Does anyone think there may be a specific investment banking group that I should focus my attention towards? I know that public finance and corporate finance don't necessarily blend together, but since I have experience structuring debt instruments I would think that it could be helpful in some market. Any advice would be very helpful.

2 Comments
 

I work in a public finance group at a rating agency. Our group also covers infrastructure and public-private-partnerships (P3s) deals/transactions globally. I would advise that you look into a gig that deals with infra, P3 or project finance, as the structuring experience you have would be most pertinent in such an environment. I think the sell would be easy to make, and considering that these roles involve public sector counterparties, your experience dealing with such players will be of benefit. Additionally, considering the infrastructure backlog in the US, and P3s as an option to address it, I think this kind of banking will be one that grows versus other IB groups that are scaling back in the current environment. Feel free to get in touch, we can discuss further.

 

Et est sed a non aliquid at. Magnam aperiam ipsa consectetur consequatur distinctio et id. Velit minus sint atque ut nobis. Repudiandae et voluptatem accusamus omnis totam saepe. At fugiat consequatur dignissimos iusto et esse ratione.

Ut consectetur non sequi voluptas aut. Sint magnam quasi esse totam vel et minima. Quasi sint dolore quia repudiandae dolor nihil itaque nesciunt. Corporis corporis quia voluptates quo fuga qui nihil. Non vero facilis placeat sit voluptatem aliquid.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 07 97.9%
  • Guggenheim Partners 01 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 03 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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
CompBanker's picture
CompBanker
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
DrApeman's picture
DrApeman
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...”