2027 Public Finance Summer Analyst- Phoenix
About The Position
Stifel strives for a culture that puts its clients and associates first: a culture where everyone belongs, everyone is welcome, and everyone contributes to the success of our clients, their careers, and the firm as a whole. Let’s talk about how you can find your place here at Stifel, where success meets success. Stifel’s 9-week Summer Analyst Program is a fast-paced, hands-on introduction to the Analyst role in public finance investment banking. You will work directly with deal teams – from Analyst through Managing Directors – supporting live transactions and pitches across a broad range of public finance sectors. Summer Analysts are expected to manage multiple workstreams at once, producing high-quality analysis and client-ready materials that contribute to both idea generation and transaction execution. Summer Analysts play a meaningful role on the deal team—conducting market and issuer research, building and refining financial models (including analysis of outstanding bonds and potential refundings/new-money financings), preparing polished client presentation materials, and supporting transaction execution from kickoff through pricing. Stifel’s Public Finance team operates at the intersection of capital markets and public impact – advising city, state and local government and not-for-profit clients as they raise capital to build, modernize, and sustain essential infrastructure. You will see the full spectrum of municipal finance: from flagship state and city issuers and large-scale economic development projects to school districts and smaller communities—each with real-world budgets, complex stakeholder dynamics, and time-sensitive execution needs. Stifel ranked #1 as senior or sole manager for negotiated municipal bond issues for the twelfth consecutive year (2025)—pricing more than one in every ten negotiated issues in the nation from a Stifel desk. With ~250 professionals across 44 offices, you’ll join a national platform with the deal flow, resources, and mentorship that define a top-tier investment banking experience.
Requirements
- Strong quantitative and analytical skills; comfort working with large data sets and drawing clear, defensible conclusions
- Exceptional attention to detail and pride in producing error-free, client ready work
- Disciplined work ethic with stamina to perform in a deadline-driven environment
- Strong written and verbal communication skills, with the ability to explain complex analysis succinctly
- Ability to prioritize and manage multiple simultaneous deadlines while maintaining high standards
- Advanced proficiency in Excel and PowerPoint (modeling, sensitivity analysis, and professional presentation design)
- Exposure to finance and accounting and/or quantitative modeling through coursework, projects or prior experience
- Ability to work in teams
- Highly motivated, proactive, and energized by a steep learning curve
- Demonstrated interest in finance, markets, and public policy, and a desire to understand how capital markets shape communities
- Minimum GPA: 3.5
- Anticipated graduation date: December 2027 – May 2028
- Available to start on June 7, 2027
- To be eligible, applicants must be authorized to work in the United States without requiring visa sponsorship now or in the future.
Nice To Haves
- Prior financial modeling and analytical experience preferred
Responsibilities
- Analyze municipal issuers and borrowers across diverse sectors (general government, K-12, pensions, economic development, higher education, and more), synthesizing credit, financial, and operating trends into clear takeaways for senior bankers and clients
- Drive sector and market research, build and maintain databases, and develop comparable-issuer / comparable-transaction analyses to support business development and execution
- Create client-ready materials—pitch books, market updates, and transaction summaries—with an emphasis on accuracy, clarity, and a professional “banker-ready” finish
- Partner with deal teams to execute financings—supporting due diligence, document review, scheduling, and coordination across internal partners and external working groups
- Perform in-depth quantitative analysis, including cash flow and debt service modeling, scenario/sensitivity analyses, and evaluation of refunding opportunities
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What This Job Offers
Career Level
Intern
Education Level
No Education Listed
