Public Finance/ Project Finance IB question

Hi Everyone,

I did my undergrad in Civil Engineering and now getting my masters in Env Engineering at a target school. Currently, I'm taking a class dealing with project finance (PPP's, public/infrastructure finance) and even applied to a few positions at some BB firms within their public finance group. This is gaining interest for me and I find it appealing to do infrastructure/energy finance. I believe Macquarie Bank does this very well in Australia/ UK and slowly adopting it in the states. I guess for those who are interested will have the Ibanking background and can move into a PE firm such as TableRock Capital (our guest lecturer) further in their career paths.

My main question is do they care that I have civil engineering as a background vs someone who can do modeling. I've been applying for summer analyst roles in public finance but haven't received word from them yet. Are most BB firms done conducting first rounds? Currently, I do not have any modeling background. Does that hinder my chances?

Thanks everyone for your input.

WSO Elite Modeling Package

  • 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF
  • Elite instructors from top BB investment banks and private equity megafunds
  • Includes Company DB + Video Library Access (1 year)

Comments (8)

Feb 16, 2010 - 4:00pm

I find that engineers are better at problem solving than modelers. Some modelers try to perfect the models by far too many iterations, engineers tend to know better when to know the problem is solved. That said, they care whether you can deliver the assignment, write a few models as some practice.

It is also important to be able to describe complicated financial flows in lay terms. I agree with Scio, open up the fields that you are applying to -- its too early for you to be limited.

Feb 16, 2010 - 4:54pm

there are a good amount of smaller middle market firms in public finance, definitely dont write them off as they do good deals and you can upgrade firms later on with the right contacts. piper, jefferies, rbc, ramirez, all have picked up market share and bankers.

Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
Start Discussion

Total Avg Compensation

July 2021 Investment Banking

  • Director/MD (9) $911
  • Vice President (36) $363
  • Associates (209) $232
  • 2nd Year Analyst (119) $152
  • 3rd+ Year Analyst (28) $146
  • Intern/Summer Associate (100) $145
  • 1st Year Analyst (439) $132
  • Intern/Summer Analyst (354) $82