Municipal Bond Research Analyst

About the role

Lord Abbett is seeking an experienced Municipal Bond Research Analyst to join our Tax-Free Fixed Income investment team. This role is designed for an experienced municipal credit professional with a focus in revenue-backed municipal securities, potentially including sectors such as transportation, utilities, pre-paid gas, industrial revenue, and other revenue issuers.

As a Municipal Bond Research Analyst, you will serve as a primary driver of fundamental credit insights. You will take ownership of a coverage universe, produce credit opinions, and help shape portfolio positioning through rigorous analysis and timely communication.

Responsibilities

• Lead fundamental credit research for a dedicated municipal revenue-bond coverage universe, maintaining forward-looking views, rating assumptions, and issuer-specific risk assessments.
• Monitor credit, operating, and capital trends across key municipal sectors; synthesize financial, legal, economic, demographic, and ESG-related inputs into actionable conclusions.
• Build and maintain robust financial models, scenario analyses, and sector frameworks to evaluate issuer performance and credit trajectories.
• Produce clear, insightful written research, investment recommendations, and presentations for use in internal discussions and meetings.
• Engage directly with issuers, underwriters, municipal advisors, and other market participants to deepen understanding and inform analysis.
• Collaborate across the broader Fixed Income platform to share insights, ensure consistency of credit philosophy, and support multi-sector strategies.
• Leverage advanced quantitative tools, AI-enabled analytics, and firmwide data resources to enhance research depth and efficiency.

Requirements

• 5–15 years of experience researching municipal bonds—ideally at a buy-side asset manager, rating agency, or similar platform.
• Demonstrated expertise in revenue-backed municipal sectors and familiarity with legal security structures, covenants, flow-of-funds, and issuer financials.
• Strong financial modeling, analytical, and valuation skills; proficiency with Excel and/or analytical programming tools a plus.
• Excellent written and verbal communication, including the ability to articulate concise, high-conviction credit opinions under time pressure.
• Bachelor’s degree required; advanced degree, CFA, or CFA candidacy preferred.

About the company

Lord Abbett is a leading global independent, privately held investment management company. We are active managers and invest where we believe we have a repeatable edge and can deliver alpha for our clients. Our vision is to be the most respected asset manager in the world, admired for our people, our performance, our relationships, and our organizational agility.

This inspires the three pillars of our culture:

• Principles-Based: We empower our leaders to create an environment of trust.
• Performance-Oriented: We inspire our people to embody our values, excellence, responsibility, transparency, and collaboration.
• Purpose-Driven: We instill a passion for always putting our clients' interests first.

We have been ranked #1 in Barron’s Best Fund Families for 2024 and have earned recognition as one of the Best Places to Work in Money Management by Pensions & Investments for five consecutive years.

Pay

Annual base salary for this role is $200,000–$240,000. Salary is estimated for this role; actual pay may be different. Role may be eligible to receive an annual discretionary bonus. Discretionary bonuses are determined by several factors including, but not limited to, firm, team, and individual performance.

Benefits

Lord Abbett is committed to offering a competitive total rewards package to all eligible employees. Offerings include competitive total compensation, retirement plans, and competitive health and well-being plans. Learn more about what we offer.