Public Finance SA 2025: Stats and Advice

Finished recruiting for public finance and figured I would make a post since there's not much information about the industry here.

Cumulative results:

  • Applications: 10
  • Chat requests: 62
  • Chats: 22
  • Superdays: 3
  • Offer: 1

Additional information: target, >3.9 GPA

General advice:

  • Read The Bond Buyer (or just headlines) and know what's going on in the market in regards to interest rates, the Fed, 10-year Treasury rates, etc. and how that influences the municipal market
  • Practice basic bond math: tax-equivalent yield, inverse relationship between price and yield, time value of money
  • Understand what public finance is: why do people/who invests in municipal bonds, general obligation vs. revenue bonds, risks or factors to consider, trends in the industry)
  • Nail the "why public finance" and "why X bank" question: emphasize the impact of the industry and tie it to your background & mention some people and/or an issuance at the bank you're applying to
 

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