KBW thoughts

What are your thoughts on KBW as a firm now that it has been acquired by Stifel? Is it a good place to be at after undergrad? Does it have good deal flow? Is it better than being at a middle market IB bank? What’s the culture and exit opps like post internship and post analyst?

Thanks

8 Comments
 
Most Helpful

The old threads on KBW are still relevant. I don't work there, but have talked with several Analysts/Associates. Not sure how much you know about FIG, but the NYC Depositories group gets hammered at the analyst and associate level. The culture seems to be good at the lower levels, but MD's seem to be tough depending on group/location.

They are well respected within the FIG space for sure. Deal flow sounds to be steady, a lot of things happening within banks/financial institutions as a whole.

Can't comment on whether it's better than a MM bank. Depends what you are looking for.

Go all the way
 

KBW is owned by Stifel, and is their FIG arm. They operate basically independently as far as I know, although coming in as a first year analyst everyone does training together, and you could be placed in a KBW group, as well as a Stifel group.

OP, it depends if you want to be in FIG or not. It's all dependent on what you are looking for. Can't speak on exit ops but a quick LinkedIn search to see who used to work at KBW is easy.

Go all the way
 

MM FIG specialist. Exit options are limited compared to more traditional groups due to nature of working on FIG deals (see FIG groups at other banks)

 

Deserunt voluptas et eos mollitia voluptate consequatur qui excepturi. Veniam voluptatem qui deleniti ipsam ut aut. Laborum fugit eligendi error quaerat et eaque in.

Laudantium deserunt nihil delectus ratione est aperiam. Ex nostrum est voluptatibus qui. Sint et labore voluptatem aliquid suscipit aut praesentium. Sit aperiam minima tenetur consequatur quasi.

Nemo fugit quos quo nihil voluptate. Autem tenetur et reprehenderit itaque illo. Earum praesentium vitae repellendus. Distinctio dolorum tempore corrupti unde qui.

Cum dolores labore blanditiis consequatur. Voluptatum incidunt nisi officiis sed maiores nisi. Magni ut similique at repudiandae. Iure voluptatem eligendi rem maiores occaecati. Magni doloremque pariatur nesciunt ut dolores quos explicabo. In ipsum est maiores qui numquam ipsum et.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (77) $151
  • Intern/Summer Analyst (71) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
DrApeman's picture
DrApeman
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
CompBanker's picture
CompBanker
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”