Thoughts on KeyBanc?
What is WSO’s reputation on KeyBanc? What are common exits out of the firm ? What are hours like at Key?
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Middle of the road MM firm. Industrials, M&A and Cain Brothers are the best groups. Hours depend on the the group.
Utilities & Power?
Not a major player
Any update on how the bonuses and hours are at Cain?
Idk about bonuses but lots of turnover at analyst level and a sweatshop
Looked at their website and its almost entirely DCM in the industrials group. Do they even do M&A?
They have an M&A group in Cleveland but it doesn't seem to be as big.
Is it a lifestyle group? What are common exits?
Saw some guy who quit or got fired at the 9 month mark there. You should ask him
Lifestyle group compared to the others mentioned above
A lot of people leave because they consistently pay below-street bonuses.
Second the accuracy of this. Where laterals go to die.
How low - what % of base?
Know a guy who works there
compete idiot who can’t even do a DDM
complete*
Good MM bank with a great culture. Work weeks are manageable (60-70 hours), and deals are sizable depending on the group you work in. Healthcare, tech, and industrials are on top. Healthcare fees grew at 19% CAGR since 2011 and tech grew at 14% CAGR with a 163% growth YoY. Large amount of hiring across the firm, and 25% increase in senior bankers by 2025. Check forums, but bonus was nice this year and pay is past average on the street.
x
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Check the IR site, they posted it on LinkedIn. Just got a new tech group head too. Acquired Cain Brothers and Pacific Crest recently and they’ve been good sources of business
Pay is super shitty here. Def not street.
Not sure I’d ever consider market salary and a little below market bonus “shitty” in a LCOL city like Cleveland….fyi not at Keybanc. Just saying.
Curious, how are hours at the analyst/assoc level in the Industrials group? 60-70? 70-80? lots of weekend work?
My director came from a group at KeyBanc, I think it’s a good training ground and gives lots of good lateral ops
Don't let these people fool you, M&A and Industrials are shit compared to Cain Brothers. Go for Cain or search for a better firm. Cain brothers is #2 for MM HC and does a ton of sell-side M&A execution. Cain Brothers has a good rep but its a sweatshop. Super sweaty with their deal flow and lots of turnover. If you want industrials go to Baird.
Key is an MM that's comparable to Truist/Stephens/RJ and a step below Lincoln and top MMs like Blair/Baird/HL. It has a good SA program, and people are nice in the CLE HQ. Lateraling to Baird/Lincoln after a year is very doable. It's not a top shop on the street, but at the same time, it's not a bad place to start at or even build a career at.
You're an intern lol. You're just regurgitating what other WSO interns and prospects have said about the bank.
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RJ is buns I'm afraid
Why tf would anyone lateral from Keybanc to Lincoln lol
exactly, analysts don't even get to touch the models at Lincoln
bump
bump - hows culture/hours?
Cleveland office is a sweat. The only reason why you should join keybanc is because of Cain Brothers or cause no other option.
What about the Charlotte office? Specifically the fintech team.
What are exits like?
Exits would be to your moms house
One of the top banks in America with the word key in the name.
KeyBanc is a better Baird than Baird bro
Bump - opinions on power & utilities? M&A? hc?
Del.
Bump
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