2027 Public Finance Summer Analyst - San Francisco
Stifel Financial Corp. · San Francisco, CA
- On site
- Full-time
- $72,800 / year
- San Francisco, CA
Job highlights
- 9-week program introducing investment banking.
- Support live transactions and client pitches.
- Conduct market research and financial modeling.
- Prepare client-ready materials for execution.
- Gain hands-on experience in public finance.
About the role
Why Stifel
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.
What You'll Be Doing
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.
What We're Looking For
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. The Summer Analyst role includes, but is not limited to, the following core 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
What You'll Bring
Summer Analyst candidates should demonstrate outstanding academic performance, a track record of leadership, and a genuine interest in markets, municipal/public policy, and the analytical rigor of investment banking. We value candidates who have challenged themselves—through student leadership, athletics, entrepreneurial initiatives, research, or other high-impact commitments—and who bring intensity, curiosity, and a team-first mindset.
The Ideal Candidate Will Bring The Following
- 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
- Prior financial modeling and analytical experience preferred
- 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
Education & Experience
- Minimum GPA: 3.5
- Anticipated graduation date: December 2027 – May 2028
- Available to start on June 7, 2027
Compensation
Hiring Minimum: $35/hour
Hiring Maximum: $35/hour
Locations
Public Finance Summer Analyst opportunities may be available in the following locations: Apply to only one location.
- Chicago, IL
- Conshohocken, PA
- Dallas, TX
- Denver, CO
- New York, NY
- Los Angeles, CA
- Phoenix, AZ
- San Francisco, CA
- St. Louis, MO
Please note: To be eligible, applicants must be authorized to work in the United States without requiring visa sponsorship now or in the future.
Systems & Technology
- Proficiency in Excel and PowerPoint.
Compensation Range
Salary: USD $35.00/Hr. - USD $35.00/Hr. Actual salaries may vary, and may be based on several factors, including but not limited to each candidate’s qualifications, skills, and overall competencies for the position. The base salary is one component of Stifel’s overall compensation package for each individual employee. Other benefits and offerings include, but not limited to, discretionary bonuses, health / dental / vision / prescription insurance offerings, Stifel Total Health Connect, flexible spending accounts, tuition & certification assistance programs, paid time off, and much, much more! To view a more comprehensive list of Stifel’s current offerings, please visit https://www.stifel.com/careers/benefits. Applications are accepted until the position is filled.
About Stifel
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.
Key skills/competency
- Financial Modeling
- Quantitative Analysis
- Market Research
- Client Presentations
- Investment Banking
- Public Finance
- Municipal Bonds
- Financial Analysis
- Excel Proficiency
- Problem Solving
Skills & topics
- Public Finance
- Summer Analyst
- Investment Banking
- Financial Modeling
- Quantitative Analysis
- Municipal Bonds
- Market Research
- Client Relations
- Internship
- Finance
How to get hired
- Tailor your resume: Highlight quantitative skills, financial modeling, and leadership experience relevant to public finance.
- Showcase academic excellence: Emphasize your 3.5+ GPA and anticipated graduation date.
- Demonstrate interest: Clearly articulate your passion for finance, markets, and public policy.
- Prepare for modeling tests: Practice Excel and PowerPoint for financial modeling and presentation design.
- Highlight teamwork: Provide examples of successful collaboration in projects or leadership roles.
Technical preparation
Behavioral questions
Frequently asked questions
- What is the Stifel Public Finance Summer Analyst Program?
- The Stifel Public Finance Summer Analyst Program is a 9-week intensive experience designed to provide a hands-on introduction to investment banking within the public finance sector. You'll work directly with deal teams, support live transactions, and gain exposure to various aspects of municipal finance.
- What are the main responsibilities of a Public Finance Summer Analyst at Stifel?
- As a Public Finance Summer Analyst, you will conduct market and issuer research, build and refine financial models, prepare client presentation materials, and support transaction execution. This includes in-depth quantitative analysis and collaboration with deal teams.
- What qualifications are Stifel looking for in a Summer Analyst candidate?
- Stifel seeks candidates with outstanding academic performance (minimum GPA of 3.5), strong quantitative and analytical skills, exceptional attention to detail, and a disciplined work ethic. A genuine interest in finance, markets, and public policy, along with leadership experience, is highly valued.
- What technical skills are required for the Public Finance Summer Analyst role?
- Advanced proficiency in Excel and PowerPoint is essential, particularly for financial modeling, sensitivity analysis, and professional presentation design. Familiarity with finance, accounting, and quantitative modeling through coursework or projects is also important.
- Can I apply to multiple Public Finance Summer Analyst locations at Stifel?
- No, you must apply to only one location. The available locations for the Public Finance Summer Analyst opportunities include Chicago, Conshohocken, Dallas, Denver, New York, Los Angeles, Phoenix, San Francisco, and St. Louis.
- What is the expected graduation date for Public Finance Summer Analyst applicants?
- Candidates should have an anticipated graduation date between December 2027 and May 2028 to be eligible for the Public Finance Summer Analyst program.
- What is the hourly pay for the Public Finance Summer Analyst position?
- The hourly pay for the Public Finance Summer Analyst position is $35.00 per hour. This is a fixed rate, though actual salaries can vary based on qualifications and competencies.
- Does Stifel offer visa sponsorship for international applicants for the Summer Analyst role?