Hey guys, I'm a junior. What are your thoughts on the best choice for a summer internship: PNC Debt Capital Markets- Loan Syndications in Philly or KeyBanc Capital Markets- Financial Sponsors Group in NYC? I wouldn't mind going to a BB for FT but my ultimate goal is to go into PE/VC/HF.
Also, any thoughts on which firm looks the best to get into a top 20 MBA school?
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KeyBanc Capital Markets
I agree. There is not as much modeling in loan syn than sponsors. It's more about knowing supply/demand, pricing, structures in the marketplace, and who's buying paper (bank debt or institutional).
You'll get more modeling in financial sponsers for sure - I've never even seen PNC in any of our deals, but I've seen Keybanc many times.
Thanks for the help guys! I'm just a little worried b/c I was told that there wouldn't be much modeling in financial sponsors either. I guess the group starts some of their LBO models but much of it is completed by their debt/credit teams. However, based on the feedback, it looks like Key is definitely the best option.
Interned in syndications, there really isn't much modeling. I'd definitely go KeyBanc.
Worked for PNC Philadelphia last summer. Really enjoyed the people and culture but Capital Markets positon is probably better.
pnc so you can visit me :D
Bro I hear you work as a janitor @ PNC Newark? Can I get some references or maybe we can get coffee sometime, my treat?
KeyBanc
Monkey shit for not suggesting PNC? What the fuck is wrong with you.
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