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Analyst, Municipal Finance

This posting is for alums, Fall 2025, and Spring 2026 graduates only. 

 

ABOUT US | PFM was founded in 1975 to provide governments and public agencies with independent advice from professionals who understand their distinct financial needs and challenges. Today, our municipal advisors and consultants tackle the complex challenges faced by public sector leaders, delivering in-depth analysis and insightful perspectives to enhance operational efficiencies and support alignment with financial and fiscal goals. We bring our expertise to bear across a broad array of traditional and specialized sectors and services in every region of the country, enabling clients to focus their resources on impactful change. 

 

ANALYSTS: PFM’S FOUNDATION FOR SUCCESS

Our Analysts are a critical part of the project teams that serve our broad base of clients. Each role provides a solid foundation for a meaningful and growth-oriented career within the firm; many of our project managers and Managing Directors started their PFM careers as an Analyst.

 

RESPONSIBILITIES

  • Learn about the municipal finance industry and understand how macroeconomic events impact bond pricing.
  • Learn to use Excel and DBC Finance® software at a high level to analyze financial information and produce financing options for a broad range of municipal bond structures.
  • Manage debt portfolios and identify refinancing opportunities for existing financial advisory clients and key prospects, including primarily local governments, state governments and public agencies.
  • Analyze and produce detailed cash flows for client plans of finance and borrowing programs using sophisticated debt structuring alternatives & financing techniques.
  • Assist with creating rating agency scorecards for various industry sectors based on rating methodologies from the major credit rating agencies.
  • Prepare presentations for use in rating agency communication, client communication and marketing with a focus on quantitative elements supporting such work products.
  • Create and deliver presentations, reports and summaries that outline financial scenarios and recommendations to clients.
  • Contribute to the review of financial and legal documents for all transactions and projects to which you are assigned.
  • Assist project managers with assembling responses to Request for Proposals/Qualifications (RFPs/RFQs) for current and potential new clients.
  • Complete assignments in a timely manner and communicate assignment progress with internal staff on a regular basis.
  • Gain direct and meaningful exposure to a broad variety of clients and transactions across all the entities that PFM serves.

 

MINIMUM QUALIFICATIONS

  • Authorization to work in the U.S. for any employer without sponsorship, now or in the future
  • Bachelor’s degree from an accredited college or university
  • Compelling interest in building a career in public finance (ideally evidenced by related coursework, internships, or other transferable experience)
  • Willingness to submit to a quantitative aptitude assessment and background check


CERTIFICATION

  • Passage of Municipal Securities Rulemaking Board (MSRB) exam for Series 50 certification within six months of training inception.

 

PROFESSIONAL DEVELOPMENT | PFM offers one of the most comprehensive training programs in the financial industry. In 10-12 weeks of intense training, Analysts learn the financial, analytical, and modeling skills needed to thrive in their roles. Your career with PFM can grow based on your unique strengths, interests, and the firm’s ongoing needs. No matter the path you choose, you’ll receive an exceptional foundation of training, a collaborative and challenging work culture, and meaningful work that generates tangible benefits to the communities that PFM serves.

 

COMPENSATION | In addition to paid training, Analysts are eligible to receive robust total rewards including generous flexible paid time off, tuition reimbursement, student loan repayment, performance-based bonuses, 401k retirement plan with employer match and annual profit-sharing opportunity, medical/dental/vision insurance, health and wellness benefits, and disability and life insurance. PFM not only supports work/life balance but also a challenging, diverse, and collaborative workplace, a formal mentorship program, volunteer opportunities, and much more.

 

The anticipated base pay for this role is $69,500 annually. Actual compensation is influenced by a variety of factors including but not limited to skills, experience, qualifications, and geographic location.

 

PFM is not offering visa sponsorship for this position.

PFM is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, or any other characteristic protected by law. PFM maintains a drug-free workplace. If you need assistance or accommodation due to a disability at any time during the application or hiring process, contact hrteam@pfm.com or call (215) 567-6100. Please note, this contact information is for accommodation requests only and should not be used for application status updates or other inquiries.