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Congrats on your offer.
Key is a decent MM bank, both for advisory and lending. Assuming you offer is in their IBD, I'd take it - just having an investment banking summer on your resume in this market will differentiate you.
As far as specifics about Keybank, I don't have many about the actual experience, but one of the sharpest analysts (now in PE) that I know spent two years at Key.
Where is it for? Cleveland?
Not a bad place to learn, and you can probably leverage it into something bigger if you want. I got an offer from the same group last summer, and it was like $14/hour, but it was in Cleveland which is pretty affordable.
If it's Cleveland, Industrial is the best group and usually stays the busiest. Consumer has a lot of face time, and are working pretty hard (not sure if its deal related or pitches), but I have two friends in that group who are getting worked (for a regional bank)
M&A is the biggest group I think - lots of pitching (from a 2nd yr analyst), but learning a lot
I would say try to get into the Industrial/M&A group. Keep in mind, that the Capital Markets group encompasses a lot - so it could include the Sales (S&T) desk, or origination and all that stuff in markets, while also including the normal product/industry groups.
People are very friendly there - just try to learn alot - hope that helps
I also know a guy that spent a few years at Key and is now working for a well respected PE outside of NYC, so its definitely possible to do well after an analyst gig there. He didn't particularly enjoy his time there but I would take it in this market.
I interviewed in the fall and was told after they decided to keep all their interns from the previous summer (most were sophomores) and therefore would not be extending me an offer. Either they were bullshitting me or changed their mind this spring, but regardless they try to keep as many interns as possible.
Congrats on the offer, good luck in your decision.
I heard that they pay $45,000 base for their analysts...that's ridiculously low.
LondonE1, it's in Ohio, the cost of living is comparable to the remote parts of the mid-west, and it sounds like this guy is just starting out. The long term benefit of the experience vastly outweighs the short term mediocre salary concession. If it's the only option right now, I say go with it...
"In the end, there can be only one..."
Hey thanks for all the helpful inputs guys!!
does anyone have an idea on their bonus numbers? is the bonus also pretty low? and can someone confirm londone1 that the base there is only 45k
Not a big player, but don't worry so much about the salary when you look at locations.
45k is more in line with their corp fin program, 60 was the base this year for capital market analysts.
as far as SA... they try and cap hours so you won't nec be banking it anymore like the old days, but 14 seems correct.
how strict are they with regard to the accounting, finance and econ major only requirement?
I am an engineering major econ minor... should I even spend the time applying? (It's a long form like a background check form asking you fill in address from last 7 years and stuff and I lived in like 10 places so it'll take forever... if they don't take other majors there's no point for me to waste half an hour filling that out and looking up all the dates.. )
WHen I interviewed, it seemed like they def only preferred finance/accounting, not even econ.
One of the analysts said 1/25 in her class was econ, and struggled with the training..
There's my take.
It's a regional bank i'm pretty sure u can pick up fast.
Does Key have any IB in NYC?
Bump. I looked online, but all I could find was a branch/ ATM locator. Do they have an IB office in NYC?
they do have IB in NYC its small now but it is growing. I know some people that do an IBD internship here their sophomore year and then apply to BB junior year, but honestly I would personally like to do a sophomore rotational program at a BB from the start but I shall see.
KeyBanc Capital Markets reputation? (Originally Posted: 01/25/2016)
What other banks would you put in the same bucket as KeyBanc CM? They do a a decent # of MM deals but I don't think they'd be considered a top tier MM firm. With that said, what other banks would be considered comparable to Keybanc? Input is appreciated.
bump
Seems like a lower MM, know a couple guys who left there for more established MM firms. Don't know much else.
I've heard people say things like PNC is the "KeyBanc of Pittsburgh," if that helps..
They actually have a decent Financial Sponsors practice. Probably more focused on MM deals and relationship with regional financial sponsors.
I can't speak to their IBD rep, but on the research side they are pretty decent. I'd lump them in the same bucket as an RBC, Stifel, Raymond James, Credit Suisse. They are a notch below JP Morgan/Merrill/Morgan Stanley and two notches below an Evercore ISI, boutique research shops etc. I have no visibility on dealflow though.
They're a solid middle market shop, I had a super day with them a while back (~1.5 years ago). Much like PNC Capital Markets, US Bank, Regions or BB&T's investment banking arms it's a super regional bank with a big balance sheet, but it isn't at the level of a Sun Trust Robinson Humphrey and definitely 2 notches below a Wells Fargo.
They are much more national and full-service than some listed above. Largest offices are in Cleveland (Industrials and consumer are the largest industry groups) and Portland (Pacific Crest HQ), and then they have capital markets offices all over, even where they don't have retail banks (Houston, SF, Boston, etc.) Have ER, M&A, DCM, ECM, real estate capital, all kinds of S&T, etc., so a somewhat unique MM bank in their range of services. Base for new analysts is now $75k in Cleveland and $85k in bigger cities, not sure about bonuses. They got rid of the mandatory rotational thing so you just do 10 weeks training in Cleveland and then place into a group either in Cleveland or elsewhere (i.e. kids who were interns in other cities can just go back to that office after training).
KeyBanc Capital Markets (Originally Posted: 10/25/2011)
I was curious if anyone can provide some insight on the KeyBanc Capital Markets Rotational Analyst Program. I'm originally from Chicago, but they were only recruiting for the Cleveland (HQ) office. I was curious if anyone can provide information as to opportunities to transfer to their offices in Chicago or NYC (when would one be able to do this?) and also exit opportunities. I know there was a earlier post that mentioned exit opps, but was not sure if those opportunities were focused in Cleveland.
A brief overview of the rotational program is that it is 3 6-month rotation in different product/industry groups. Afterwards, you will be placed into a group for their a 2-yr analyst program. I was not sure if there were people that transferred at the conclusion of the rotation program or after the 2 yr analyst program? I have want to be in Chicago, but will obviously relocate for a few years to gain experience in the industry, I am just worried that the opportunities exist are reside in Cleveland.
Any help will be greatly appreciated!
Also interested
You can place out after one rotation, under certain conditions. You have to go to a satellite office (so NYC, Atlanta, Seattle, there's a small operation in Chicago), and you obviously have to actually place into the group itself. So, a minimum of 9 months in Cleveland. After your second rotation, you can place into any office, again assuming you can place into the group and there is a need.
Thanks for the help timatom. You seem pretty familiar with the program, did you go through it by any chance?
.
bump
no gud bro. check out Evercore partners
KeyBanc Capital Markets NYC (Originally Posted: 01/05/2011)
Hey all,
Anybody know anything about Keybanc capital market in NYC?
Culture/Dealflow/exit opps/comp?
I read some of the threads posted before, but there was nothing specifically about NYC - I would imagine that the comp is higher than in Cleveland, and exit opps might be different.
Are their interviews very technical?
Thanks in Advance.
bump. Anybody?
They seem like nice people. Focused soley on the mid market with no aspirations to go bigger. They like to say they compete against Jefferies.
KeyBanc Capital Markets Questions (Originally Posted: 11/18/2014)
Any info regarding compensation, exit opps, culture, best group etc.. would be appreciated.
Did you just get offered?
Offers were made earlier this week.
just pm'd you
Replied
Bump - anyone with information? Thanks!
Exit opps are lower MM PE firms. Haven't heard about them being as active as other MM shops lately (doesn't mean they aren't, but not as much pub and chatter).
BUMP
KeyBanc Capital Markets - What happened to them? (Originally Posted: 10/31/2013)
Fellow Monkeys,
I have a superday with KeyBanc Capital Markets coming up (FT). Any insights?
I've looked up almost every single thread about them on WSO, and there doesn't seem to be much information.
Thank you in advance.
Best,
Pretty Phi :)
Pretty good MM shop. HQ is in Cleveland, but they also have some satellite offices and a pretty large group in NYC. NYC has a trading floor, an ER floor, and an IB floor. Strongest in industries like industrials. Pay is usually below street (unless you are in NYC), but it will go a long way in Cleveland.
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