KeyBank
What’s KeyBank’s reputation within the commercial real estate industry? Where is pay in comparison to the market?
What’s KeyBank’s reputation within the commercial real estate industry? Where is pay in comparison to the market?
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They’re a top 10 lender in the GSE space for their CRE lending arm if that helps. Not in the top 5 but they’re a bank, not a brokerage so realistically this wouldn’t happen anyways
Had an interview there and got offered a position. Seems like they are smart people. Pay is subpar, however.
We do floaters with them and we (not so) jokingly refer to them as the Post Office of lending. Basically, very bureaucratic, staff is always on vacation, if you need to get something done it take a long time, very inflexible, unwilling to make special accommodations. And we are doing low leverage 25% recourse debt! After subtracting the recourse our loan is like <40% LTPP!
Assuming this is their IPG group?
I interned in there IPG group. Like mentioned… great people but terrible pay. 1st year starting was 55k regardless of if you were working in a HCOL city. Didn’t even show up for the full time interview bc that’s not worth it. I hear the pay is good for seniors but you get stiffed lower down the totem poll.
They were big time active in CRE and development lending prior to the 08-GFC, needless to say they got hit badly like a lot of banks did. Most of the people I knew who worked there pre-08 left (got laid off). I don't think they ever fully rebuilt the CRE practice the way it was, but they still have a solid name, just not sure where they rank in scale and competitiveness these days. Still, if you have KeyBank as a name on your resume, I'd say its well known and regarded, so I wouldn't hesitate starting a career there.
Other than that, best bank in Cleveland!!!!
Their satellite offices are very small, tight knit teams so if you're not interviewing for a position in Cleveland make sure you really like who you will be working with. they have a good name and reputation in the banking world but like other's have said, the pay will be lower end of market mainly because their HR is in Cleveland.
I heard that their IPG (real estate lending group) in New York City office has good leadership. They promoted this one guy who was a rotational analyst and then worked his way up to become the head of the office in less than 10 years, he’s supposed to be really sharp. He’s in charge of balance sheet lending and really good at developing client relationships for the bank and does incredible amount of business volume. I think it really depends what group you place into. My friend told me the New York City IPG team is the best in the country and that the leadership in NYC really goes all out to fight for its high performers.
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