Lateraling via MS PubFin vs KeyBanc IB vs Health Boutique
I was fortunate to receive a summer analyst offer at KeyBanc's tech group. However, I also received an offer for MS public finance. My long-term goal is IB, and I'm wondering if it would be better to go to MS and try lateraling internally/to another BB down the road? I'm weighing the name of MS and close tangency of PubFin to IB vs the direct IB connection at Key.
Would greatly appreciate your insight! Good luck to everyone.
Curious as well
Is this key in SF?
Depending on your goals, imo the MS name will hold more weight. Not sure where you want to end up after your stint but I think MS will open more doors. you can use these offers to shop around a bit as well if you want to end up in tech/healthcare, think keybanks HC group Cain is done recruiting but you have some good offers in hand to explore around a bit.
I think that it is a double edge sword. MS may have better name, but Pubfin is going to be a harder sell. Personally I would go Keybanc.
PubFin is a little bit of a different world than the average DCM team. The way you win business and the relevancy of skills can be a little bit different and is a harder swing than if you are in a relevant coverage group. I would not risk getting pigeonholed for a few years just to try and get a good name. Pick the sector you want to work on.
I know this is a stretch but think about someone who picks Backoffice Goldman over other fields. Name is not the determining factor, what you do is.
EDIT: how about someone replies instead of MSing me.
Lol I agree with some of your points, but comparing Public Finance to Back Office is ridiculous. Public Finance might be pretty niche, but it's still considered front office by any measure and there are a decent number of skills that you can learn there that would be transferrable to other IB offices in the future, albeit less than coming from a more traditional coverage/product group. OP, I don't know much about Keybanc, so don't take this as definitive advice, but Morgan Stanley's PubFin practice is top 3 in the league along with BAML/JPM, and being from one of those three banks' PF groups, I can guarantee you that you'll be able to lateral either internally or to another bank if that's what you want to do in the future.
Yeah, you have no idea what you’re talking about. I interned in PubFin at a shitty MM (Stifel-type) and just started FT at an EB. Not even comparable to BO in any way.
Don't have a definitive answer for you but the KeyBanc tech team has had analysts lateral to solid MM/BBs before.
What about the hc boutique?
following
Following - any update on your decision OP?
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