The $3.7 trillion municipal market is proving an oasis for Wall Street job hunters as the dwindling role of bond insurance and yields at four-decade lows fuel demand for analysis of the 89,000 U.S. local governments.
BlackRock Inc., Franklin Advisers Inc. and Vanguard Group — which oversee about $300 billion in munis combined — are among money managers adding muni staff as the ranks of top-graded issuers fell about 80 percent since 2007, close to a record low. In the same period, membership in the National Federation of Municipal Analysts has risen 30 percent.
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