2027 Public Finance Summer Analyst - San Francisco

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

Hiring Minimum: $35/hour

Hiring Maximum: $35/hour

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 accoun