Investment Banking Associate - Municipals

CFA Institute; Dallas (TX); On-site; USD 110,000 - 125,000; Full time

Job summary

Jefferies is seeking an Investment Banking Analyst to join its Municipal Finance team in Dallas. The role involves working with senior bankers to provide strategic advisory and capital markets solutions to municipal issuers and other public sector clients.

You will perform financial analysis, debt structuring, client presentations, and business development across Texas and the Southwest, gaining exposure to complex financing transactions and a broad client base.

Qualifications

• Bachelor's degree or higher in Finance, Accounting, Economics, Public Policy, or related field.
• Strong academic record with analytical ability.
• 1–2 years in investment banking, public finance, municipal advisory, or related fields.
• Advanced proficiency in Excel and PowerPoint.
• Strong quantitative, financial modeling, and presentation skills.
• Excellent written and verbal communication abilities.
• Strong attention to detail and accuracy.
• Ability to manage multiple projects in a fast-paced environment.
• Interest in municipal finance and public sector capital markets.

Responsibilities

• Conduct detailed financial analysis and quantitative modeling for municipal bond financings and capital market transactions.
• Assist in execution of tax-exempt and taxable offerings, refundings, and other public finance transactions.
• Prepare financing scenarios, debt affordability analyses, and capital planning models.
• Develop pitch books, client presentations, RFP responses, and marketing materials.
• Analyze issuer financial statements, budgets, economic data, and credit profiles.
• Support due diligence and coordinate with bond counsel, rating agencies, underwriters, and stakeholders.
• Monitor market conditions, interest rate trends, and regulatory developments.
• Conduct sector research on education, healthcare, transportation, utilities, housing, and local government issuers.
• Maintain transaction databases and support business development across Texas and Southwest.
• Participate in client meetings and financing discussions.

Skills

Excel

PowerPoint

Financial modeling

Presentation skills

Communication

Attention to detail

Multitasking

Municipal finance

Team collaboration

Education

Finance

Accounting

Economics

Public Policy

Mathematics

Tools

Bloomberg

Capital IQ

DBC Finance

MuniOS

Job description

Investment Banking Analyst - Municipal Finance

Location: Dallas, TX

Business Unit: Municipal Finance Investment Banking

Position Summary

Jefferies is seeking a highly motivated Investment Banking Analyst to join its Municipal Finance team in Dallas. The Analyst will work closely with senior bankers in providing strategic advisory and capital markets solutions to municipal issuers, governmental entities, nonprofit organizations, higher education institutions, healthcare systems, transportation agencies, and other public sector clients.

The Analyst will play an integral role in transaction execution, financial analysis, debt structuring, client presentations, and business development initiatives. This position offers significant exposure to senior professionals, clients, and complex financing transactions across the municipal capital markets landscape.

Primary Responsibilities

• Conduct detailed financial analysis and quantitative modeling related to municipal bond financings and capital market transactions.
• Assist in the execution of tax-exempt and taxable bond offerings, refundings, and other public finance transactions.
• Prepare financing scenarios, debt affordability analyses, and capital planning models.
• Develop pitch books, client presentations, requests for proposal (RFP) responses, and marketing materials.
• Analyze municipal issuer financial statements, budgets, economic data, and credit profiles.
• Support due diligence efforts and coordinate transaction processes with clients, bond counsel, rating agencies, underwriters, and other stakeholders.
• Monitor municipal market conditions, interest rate trends, and regulatory developments.
• Conduct industry and sector research on education, healthcare, transportation, utilities, housing, and local government issuers.
• Maintain transaction databases and support business development opportunities across Texas and the broader Southwest region.
• Participate in client meetings, financing discussions, and strategic planning engagements.

Qualifications

• Bachelor's degree in Finance, Accounting, Economics, Business Administration, Public Policy, Mathematics, or a related field.
• Strong academic record with demonstrated analytical ability.
• 1 to 2 years of experience in investment banking, public finance, municipal advisory, accounting, consulting, or capital markets preferred.
• Advanced proficiency in Microsoft Excel and PowerPoint.
• Strong quantitative, financial modeling, and presentation skills.
• Excellent written and verbal communication abilities.
• Strong attention to detail and commitment to accuracy.
• Ability to manage multiple projects and meet deadlines in a fast-paced environment.
• Demonstrated interest in municipal finance and public sector capital markets.

Preferred Qualifications

• Coursework or experience related to public finance, fixed income markets, economics, or governmental accounting.
• Exposure to municipal bond financing structures and credit analysis.
• Familiarity with Bloomberg, Capital IQ, DBC Finance, MuniOS, or similar financial platforms.
• Progress toward CFA, Series 52, Series 63, or other relevant securities licenses is a plus.

Salary Range of $110,000-$125,000

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About Us

Jefferies is a leading global, full-service investment banking and capital markets firm that provides advisory, sales and trading, research, and wealth and asset management services. With more than 40 offices around the world, we offer insights and expertise to investors, companies, and governments.

At Jefferies, we are committed to building a culture that provides opportunities for all employees regardless of our differences and supports a workforce that is reflective of the communities where we work and live. As a result, we are able to pool our collective insights and intelligence to provide fresh and innovative thinking for our clients.

Jefferies is committed to creating and sustaining a workforce that welcomes individuals from all backgrounds to apply. Our employment decisions are made without regard to race, creed, color, national origin, ancestry, religion, pregnancy, age, medical condition, physical or mental disability, marital status, domestic partner status, sex, sexual orientation, gender, gender identity or expression, veteran or military status, genetic information, reproductive health decisions, or any other factor protected by applicable law. We are committed to hiring the most qualified applicants and complying with all federal, state, and local equal employment opportunity laws. As part of this commitment, Jefferies will extend reasonable accommodation to individuals with disabilities, as required by applicable law.

The salary offered will take into consideration an individual's experience level and qualifications. In addition to salary, Jefferies Financial Group is proud to offer a comprehensive benefits package to eligible, full-time employees or part-time employees, who are scheduled to work at least 30 hours or more per week, including an annual discretionary incentive and retention bonus, competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Jefferies also offers paid time off packages that include planned time off (e.g., vacation), unplanned time off (e.g., sick leave), and paid holidays, and for full-time employees, paid parental leave.