Hey, does anyone know anything about Keefe's Sales and Trading division? I'd like to kkow about their culture, their recruiting for full time and what their interviews consist of. Any other information you have that's not easily found on the internet would be greatly appreciated. Thanks.
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I don't have any current information on them aside from the website:
http://www.kbw.com/
Also interested in more information.
KBW - How is the culture and reputation? (Originally Posted: 07/10/2011)
Anyone know anything about KBW, most specifically in Sales and Trading? How's the culture? What's the firm's reputation like on the street?
SOme guys at Sandler O'neill told me KBW got raped. They apparently lost a lot of senior level rainmakers, then had to hire some new ones. They are currently in the process of hiring new Senior people, as well as the junior-level analysts to support them.
Thats all I know, and I dont know how true it is. They are definitely hiring analysts, though.
KBW ER (Originally Posted: 04/20/2015)
Hi Everyone,
KBW has a couple of opportunities out there in the ER space. Does anyone know what the culture is like in research there? This has come up a couple of times, but most threads were ~ 4 years old, and they've been acquired by Stifel since then.
Wondering what research associates make there, base + bonus, hours, etc. Couple of reviews in the firm directory, but again all seem old / ridiculous (one said 30-40 hours, 2 years in industry, 90K base with 40K bonus...)
Exit opps? Good? Still respected?
Please let me know.
Don't know anything about culture but KBW focuses just in financial stocks and they are generally well respected.
Bump - curious on this too
KBW - Insights? (Originally Posted: 02/09/2011)
Can someone give me insight on what people think of KBW? is it true that there aren't many exit opps? what is their FT first year bonus usually? do interns get hired ft?
bump - any ideas on this? could not find much information on KBW
didn't they get acquired?
ya I believe they were just acquired by Stifel Nicolaus
*
yep, they just got acquired by Stifel. can anyone give me some insight regarding KBW's reputation, exit opps, culture, etc?
Obviously they are a financial institutions-focused investment bank doing predominantly advisory work for community banks and insurance companies. Pre-acquisition, they competed with Sandler O'Neill and both shops basically cranked out a deal a week of between 10-250M. There wasn't all that much variety from deal to deal - they know what they're good at and they stick to it. I have no idea what the MM FIG landscape is going to look like post-acquisition because Stifel was starting to make some noise in the space before they acquired KBW.
Pay is going to be street base+signing and I'd expect a first year bonus 35-45. You get pigeonholed related to exit ops when you do FIG because the valuations and analysis skills you learn aren't applicable to PE firms that focus on straight EBITDA companies.
My advice is stay away. KBW used to be an awesome shop but they were hit hard by the recession + their CEO being embattled by a scandal. The acquisition was preceded by layoffs in the previous 18-24 months and my guess is Stifel is still early in their evaluation phase for exactly how they are going to integrate the business.
Exit opps are definitely limited. Think about it, where are you going to go on the buy side? Small investor universe for FIG.
KBW is not as strong as Sandler O'Neill. They are better than FBR and now that they teamed up with Stifel (who was also involved in FIG), it should be even more solid in the 2nd spot.
I would disagree with this. In the FIG space KBW has historically been very much on par with Sandler- KBW does a lot more smaller deals and Sandler less overall but larger deals. KBW is stronger in insurance and specific FIG groups. I've talked to people at both firms- KBW people believe teaming up with Stifel will make them far and away the major player in FIG. Sandler people think that this will take their eyes off the ball and allow Sandler to jump ahead. Worth noting that the guys I talked to at Sandler said that historically KBW has been a bit stronger- unsure how true this is, just what I heard. Keep in mind also that KBW is about 2x the size of Sandler overall (roughly 300 vs. 600)
There are a few buyside shops that focus on FIG, but easier to get into there from top FIG groups at places like GS and other larger banks. Exit opps from KBW involve some movement to the buyside, move to other FIG firms (some to larger banks), and B-School.
If you're going to a firm purely based on exit opps, then KBW, Sandler, and any of these places won't be the best. But both are firms with strong reputations and not bad places to be if you have any intention of staying in banking for an extended period of time.
okay, thanks guys. i appreciate all the insight
Information on KBW SA Program (Originally Posted: 02/13/2012)
Does anyone have any information on KBW for their summer analyst program? Structure of program, interview timelines, deal exposure, exit opps, summer pay,
interested as well
I believe pay in on par with street, maybe less bonus...They mainly deal with insurance companies. You have an offer? I networked there with an MD and got no where, not even an interview..
KBW - Two years to top PE (Originally Posted: 11/02/2008)
Have you ever heard of anybody going from two years at KBW into a top PE (i.e. Bain Cap, Blackstone, KKR, silverlake) or top Hedge fund? IS it a bad place to start your career? thx
its a good place to start your career, very solid.
i think you know they focus on fig and that may limit your exit opp a little bit
thanks for your response. i couldnt get into the better banks, does KBW have good exit opps (will it be possible to get interviews) at mega PE funds.
KBW - who's got info on these guys (Originally Posted: 12/20/2007)
Anyone know anything about S+T at Keefe Bruyette & Woods?
I always associate them with (good) equity research. The sniping between their analyst and Sallie Mae's CEO (Lord) on the SLM investor call yesterday was hilarious.
You could try using a service like Lionshares to track down how active their S&T operation is and in what sectors.
Anyone else know about them? Specifically their IB / culture / hours?
culture = heard a lot of ppl stay forever. not sure if this is true on IB side but apparently its true for sales/trading/research.
KBW ER (Originally Posted: 04/20/2015)
Hi Everyone,
KBW has a couple of opportunities out there in the ER space. Does anyone know what the culture is like in research there? This has come up a couple of times, but most threads were ~ 4 years old, and they've been acquired by Stifel since then.
Wondering what research associates make there, base + bonus, hours, etc. Couple of reviews in the firm directory, but again all seem old / ridiculous (one said 30-40 hours, 2 years in industry, 90K base with 40K bonus...)
Exit opps? Good? Still respected?
Please let me know.
KBW - Insights? (Originally Posted: 02/09/2011)
Can someone give me insight on what people think of KBW? is it true that there aren't many exit opps? what is their FT first year bonus usually? do interns get hired ft?
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