We mostly use Excel to create charts and to run debt service analysis to see whether a government has enough revenue to cover interest and principal payments. And from conversations with friends at bulge bracket public finance groups, it seems the hours are the same or worse there. Whether or not you get any exit opportunities coming from a public finance group – and what your options are. A day in the life of a public finance analyst – work, hours, and how sadistic the MDs are.
The profession as a whole is recognizing the importance of working and learning together. As we face up to global challenges such as a rapidly changing climate, the public sector has an unique role to play in exchanging ideas and sharing what works. The ability and willingness to operate internationally opens up the chance to collaborate and learn new ways of doing things, which in turn will drive improvements and transformation across the public sector around the world. The services offered within this site are available exclusively through our U. S. Stifel Financial Advisors may only conduct business with residents of the states in which they are properly registered. The information on this web site is not an offer to sell or a solicitation of an offer to buy any security, nor shall any such security be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase, or sale may not lawfully be made.
Holland & Knight’s Public Finance Team has participated in governmental debt issues since the 1960s and has been listed in The Bond Buyer’s Municipal Marketplace (the “Red Book”) since 1975. During the past five years, our attorneys have participated in the financing of more than $18. 2 billion in principal amount of debt in connection with virtually every type of governmental issue. CIPFA’s training and resources have equipped generations of public sector finance professionals and will continue to support the next generation, leading us into a financially sustainable future for the greatest public good across the globe. Flexibility and adaptability are vital qualities for the 21st Century public finance professional. Those who are willing to reach across borders and cultural boundaries are best placed to question inherited practices in their own contexts and introduce new ideas, thereby ensuring the most effective stewardship of public resources. In an increasingly connected world, the international dimension of a public finance career is becoming ever more prominent.
I’ve heard healthcare PF is more similar to IB, with hospitals being similar to corporations and the possibility of working on mergers for them. It also varies by the sector within public finance; utilities and transportationmight have above-average fees compared to some of the others. Whereas if an investment bank were advising on an $800 million corporate M&A deal they might earn a fee that’s many times that number (perhaps in the $5 – $10 million range), and even higher than that if it was an $800 million corporate bond issuance. GO bonds are backed by the “full faith and credit” of the issuer and can be repaid via all revenue sources, whereas revenue bonds are linked to a specific asset such as a toll highway or airport, so they’re considered “riskier” than GO bonds. So it isn’t much different; the differences in public finance are the pitch process and some of the technical details I discussed above. We do most of the analysis via a program called DBC – this is not like investment banking where you create massive Excel spreadsheets to model revenue, expenses, and transactions.
Mintz acted as bond counsel to the Massachusetts Development Finance Agency for a $429 million bond issue for Wellforce Inc. that consolidated three obligated groups into one. This article about the University of Connecticut’s plans to sell $152 million of UConn 2000 special obligation student fee revenue bonds and use the proceeds to build a student recreation center mentions Nixon Peabody for representing the underwriters. CEO and managing partner Andrew Glincher is quoted in this article on the appointment of New York City public finance practice group leader Ken Lind. The promotion of Rochester public finance partner Barry Carrigan is also highlighted. New York City public finance practice group leader Ken Lind is included in this executive news roundup for his recent promotion. This executive news roundup mentions the recent appointment of New York City partner Ken Lind as public finance practice group leader.
This roundup of personnel moves in the legal industry mentions the recent appointment of New York City partner Ken Lind as public finance practice group leader. Nixon Peabody is mentioned in this article for serving as underwriters co-counsel to the of debt service commitment bonds to be issued by the University of Connecticut. Nixon Peabody is mentioned in this article as co-bond counsel for a recent SOFR-linked offering of $107. 3 million in bonds by New York’s Metropolitan Transportation Authority. New York City Financial Restructuring and Bankruptcy partner Robert Christmas is quoted in this story for his role as counsel to the city of Chicago in a tax securitization matter. This article mentions Nixon Peabody’s ascension to the No . 2 spot in bond counsel rankings in the Northeast for the first half of the year. This podcast episode features Project Finance & Public Finance leader and New York City partner Ken Lind’s industry outlook, including sectors and financing instruments, virus-related SEC disclosure guidance, and the planned phase-out of Libor.