Keybanc IB Analyst (Cleveland)
Anyone have any recent insights on Keybanc? Haven’t seen new information regarding overall comp in their IB groups (M&A) as well as reviews over the last twelve months for 1st and 2nd year analysts.
Looking to potentially lateral there. Much appreciated!
run away
Haha why’s that?
They're all probably rich living in fucking Cleveland. Not a ton of fun probably, but damn rich, seriously.
100% they’re all probably able to afford court side cavs tickets once a month if they want😭😭
Base is 105k, 100k in super low cost cities, CLE included. Source: I work there.
Thanks. Any info on lifestyle at Key as of lately?
Any color on bonus #s
25K stub
Not aware of how salary bump will affect it
Key is a very group-dependent bank. Experience and lifestyle will differ a lot.
Solid MM groups are Industrials, HC, Tech, RE and M&A (mainly Industrials, as HC and Tech do own M&A).
Other groups are gonna be more financings with good lifestyle.
Bonuses are a bit low with a lifestyle tradeoff
Understandable. Any info on industrials and M&A based on overall comp and hours/lifestyle in Cleveland?
https://www.wallstreetoasis.com/forums/where-to-live-in-downtown-clevel…
I work at KBCM in CLE as a 1st year analyst and it's 105k base. The city is pretty mediocre but the cost of living is great. I pay less than $800/month for a luxury apartment and I can spend a little more on myself than other people can. It's obviously a tradeoff of being in a smaller city but having more vs a cooler city where it's more expensive.
Can relate in Cleveland haha. Any input on Analyst hours, culture, lifestyle, etc so far?
I've only been at the firm for a little bit so take everything I say with a grain of salt. From my experience and from other analysts I've spoken to at KBCM CLE office, there seems to be a better quality of life than those at EB/BB. I get my weekends free 90% of the time, I get off latest around 11-12 with the average being 8 or 9, so I go for a workout almost every day after work. I obviously keep my email on just in case I get requests at night but it rarely happens past 11pm. It's not a bad gig and yeah sure it's not the best IB in terms of headline deals but the experience is good nonetheless. The deal teams at KBCM are quite lean and I get a ton of exposure to clients and modeling. Culture in CLE is chill. Haven't encountered any hardos personally. Hope that helps.
How do you feel about exits? The key guys I talked with didn’t have much to say in that regard but I live in CLE so I wouldn’t mind sticking around a little longer haha
I've seen a lot of analysts trade up to more recognizable brand name IB's but I've also seen a fair share of people go into industry specific roles. The doors are wide open. We don't place a ton of people into megafunds like KKR or BX. Not sure about LMM or MM PE. That's all I know at the moment haha sorry I can't be more helpful
Cleveland has a surprising amount of solid PE shops. No mega-funds, but there is definitely an opportunity to exit locally if Cleveland is your thing.
Did they also raise first year associates to $175k in Cleveland?
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