KeyBank IBD good for VC or PE after?
Is KeyBank in ohio a good place to start? is it considered a BB or MM? i know its like a F500 but for IBD there. Do they place well in VC's and PE's in NYC or SF or anywhere actually?
I appreciate all help in advance!
Honestly no it is nowhere near even MM. Especially ohio, I never even heard of it.
Ohh really ,i mean I thought it was considered almost a BB lol wow KeyBanc isn't as famous as I thought then thanks
http://www.wallstreetoasis.com/forums/keybanc-capital-markets-summer-in…
It is decent, I know they work with some PE firms on deals. I met some PE guy out the other night who was telling me. Their buy side is pretty respectable, Victory- the sell side I don't know.
ok I see.
Thanks
Definitely not considered a BB, but Key is a solid middle market firm. One of the sharpest analysts I've ever met (now an associate in MM PE and headed to Harvard in the fall) did his 2 years at KeyBanc. Your exit options are primarily MM PE, but you'll have some mobility and a shot at an interview with nearly any MM PE firm. Not sure how it breaks down regionally, but you'll have a great shot in the midwest and northeast at least - California may be a little tougher. All in all though, it's a decent choice if you've got an offer.
Thing is though - Cleveland suuuucks.
Do you know what MM PE firm he ended up at
CaptK covered most of the main points, but I'll elaborate a bit.
I used to be in institutional banking (their name for IBD) at KBCM. Their energy group is one of the best among its peer groups and M&A is a strong placement as well if you can get in there. The only thing is that unless you interned there before or are a lateral hire you'll most likely be going into the rotational program. It's four 6 month rotations after which you'll go through the typical song and dance of permanent placement.
Therefore, you'll probably be at key longer than two years before jumping to the buyside. I'd personally shoot for direct placement if possible. Otherwise, there are plenty of other good MM IBs around.
Oh and Cleveland does suck hard. Nightlife is all on west 6th (or 9th I forget now) and it shuts down completely at 2am. Lots of homeless people hang out in public square also. And the girls are less than spectacular to say the least.
It's gonna be tough to make money when your economy is Lebron James.
]
This one's funnier.
http://www.youtube.com/watch?v=ysmLA5TqbIY&feature=related
HAHAHAHA ^^^^^ True man LeBron was a huge boost
stop hating on cle
Those videos are awesome. I always crack up when I watch them.
As far as KeyBank is concerned, it's going to be relative to your other options. Is it the best place? Probably not. Is it better than nothing? It certainly is.
Regards
I see how much would an associate there make? Just wondering
I think that's around $95k-$100k base/75%-80% bonus nowadays, for Associates.
Haha thats funny.
what kinda of pay you guys think a member of this companies investments team makes again lol I am just wondering?
NCT ventures http://www.nctventures.com/index.html
They changed up the rotational program for full time only requiring one 6-month rotation then you can place if you have a group that wants you
I interned there within the last year...pm me for more info if you want
Thanks all... I guess I just have one last major question. If you were to go there and decide that you want to become a CFO at some ohio/columbus based F500 ( like nationwide, A.E.P., or cardinal health) Does Key's IBD give a good shot?
Dude if your end goal is to do F500 stuff in Columbus (which it sounds like), maybe try working for a F500 company in Columbus and network your ass off while employed until you get where you want to go. I don't know what you are smoking, but doing ib for key in Cleveland is not going to be the ultimate in (I could actually seeing it be a detractor since you are passing on a chance to try and work in cbus). Regardless, if you do want to go into another industry before working at a F500 company, work your ass off and go into management consulting. Of the companies you mentioned, a vast majority will come from laterals from other industry related companies and people with consulting backgrounds, not ib.
Thanks again to all!
Regards
What is the general culture of Key?
the reason for my confliction is because i love finance and want to make the most money with raising children in a nice location like dublin ohio. And I mean I-banking seems great and M&A seems fun too its just that I dont want to work crazy hours where my wife (kids) might leave me and etc. And I feel that Corp Dev, at director levels make 500k or so (at F500) but those always the safest jobs too unlike a department CFO/CEO.
I know I am ignorant and would appreciate the help thanks everybody
Cut the cord and go experience life. The world is a much bigger place than the greater Columbus city metropolitan area.
Do analysts in the rotational program get an automatic base bump after the first year?
haha ok...... I would love to work on the street etc, but one of my ultimate goals is to raise a family and from what I am hearing you really can't do that in banking or PE and live a decent lifestyle.
You can have a life in MM PE. If I were determined to live/work in OH, The Riverside Company would be at the very top of my list.
damn cleveland is that bad?
Hmm the riverside company seems nice and assocate roles there prolly pay off 200k with bonus no?
or much more... idk?
Idk why dont you focus on freshman orientation first before posting 1000 threads on WSO About corporate finance/ib/pe in Ohio of all places seriously I didn't even know that state had running water let alone a pe firm.
haha ^ btw i have 150 posts,Second off I prolly know more than you because my dad worked at goldman then KKR and now he is retired and shares all his stories of breaking in and he experiences there. Most of the people here are college kids who aspire to be Ibankers ( same here) but I know the inside scoop while all they might see is the $$$ and the amount of hours worked. Also I already have a spot in the Fisher Futures program at OSU which gives IBD internships 100% your junior year. ( whether Keybanc or Goldman it depends on your GPA). Also I mean if you didnt know Ohio has running water then you sir are prolly not smarter than an 8th grader seriously man...... I hope you are being sarcastic because I mean really man i know ohio isnt the best state by far, but ohio has the 3rd best education system in the nation...... neil armstrong was born in Ohio....... the wright bros flew their first airplane in ohio, and actully OSU has the most student body( highest paid dean) If you wanna diss ohio I dont are but your reasoning..........."I didn't even know that state had running water"......... really was stupid, maaybe you should go back to your freshman year and retake college? Haha
Again I am not saying am the best or anything, because I am faaaarrrrrrrr from it and I know, but really man what you just said was really stupid, like why are you even posting here? And I think just answering the questions or saying sorry man we dont know might have been a more polite/smarter answer...
If you're that connected, what's the problem and why are you not networking at BBs?
You are very adept at reading people. I am indeed dumber than an 8th grader and actually thought Ohio had no running water. I see you are posting here so I assume they got the internet too. When did it get there, like last year??? And wowowwowooww Neil Armstrong is from Ohio!?!?! And the Wright Brothers!?!? Holy toledo I need to reevaluate. Ohio is the bomb.
I mean man its been a while since my dad left and it wasn't like he was a big shot.. He stopped as an associate, and in 5 years people he knew all left, thats the nature of the industry. ......Also he always told me not to do banking cuz of the time it takes away from raising a family and what not but I hear that in MM PE's ( out of NYC) the hours are as bad as in Top PE's. I mean you think what you want man but I think I might choose a MM IBD--> MM PE route and make 500k as a VP and work 60 hours instead of 80-90 as a VP at a top Fund making a couple mil or high 6 figs. But its all about lifestyle-pay balance. Haha he wants me to be a dentist...... make 400k 40 hour weeks, but u get out of school at 28-29 and U wont make 400k unless u own yur own practice which could take another 5 years or so to setup. I mean my uncle is 47 making 500k-600k as a dentist so i cant shit talk that profession too much haha
The fuck is up with this kid? He won't stop going on about corp dev at AEP and Cardinal Health. In every thread he starts, he finds a way to ask about them.
Actually I am not... but thanks anyways. i feel like I dont get some answered cleared up and that is why I ask..... But I am sorry for calling you all those things btw.. You are prolly far more smarter than me. I just have questions and hate it when people are like ( wtf is up with this kid) or some other shit smartass response. I mean just because I am young doesn't mean I am retarded Thats all.
Again Matthias Sorry about the last comment
This whole thread makes my skin crawl. To whoever the OP is my advice is this... calm the fuck down and quit embarrassing Columbus, OH. It is not a huge finance city. Columbus has Nationwide, Huntington, Fifth Third, etc but that is about it. Some insurance companies and regional banks. Furthermore, the people that work there would be completely and decisively turned off by a "I want to make as much money as possible but not work that long of hours" attitude. Business in general is not conducted that way, especially in the Midwest where it is generally seen as rude to talk about salary/money/etc. The executives at these places are mostly guys from the area that come from very humble backgrounds. I guarantee you none of them were juniors in college and said "one day my goal is to be a high ranking corp development officer at such and such a company." Most of them were probably occupied with girls, watching OSU football, drinking beer, and sports. It is very hard to know precisely what you want to do as an adult, let alone in college. Convictions are more dangerous enemies of truths than lies (Nietzsche said that, not me). If you go to a career fair and ask these questions you will never get any kind offer.
Finish up at Ohio State, get the best grades you possibly can, try to learn to network in a a more subtle, professional way, go to every single career fair possible, and relax a little bit. Repeatedly posting on here about certain topics will only get you flamed on WSO. Talk to your professors or recent alums about job search strategies.
Finally, I don't work in banking, but Key Banc capital markets is a well respected MM outfit, particularly if you want to stay in Ohio. I'm pretty sure Key acquired McDonald Investments (a very solid regional boutique) in 1998, and sold off a final part of McDonald to UBS in 2007. A lot of senior guys at Key are original McDonald guys, and may of the best guys decided to form their own group with Western Reserve. They have very good deal flow for the region but I hear the hours are brutal.
Gray Fox,
Wonderfully spoken. I completely agree. I think you hit everything spot on (besides the fifth third reference, they have essentially zero presence in cbus and are based out of Cincinnati, but it was pretty innocent regardless). Key and Western Reserve are both very solid firms. Even if you don't go the IB route, Key Banc Capital Markets is to my knowledge the only place in Ohio (much less the midwest sans Chicago) where you can sniff the trading floor at an analyst level (JPM and AEP both having trading floors in Columbus, but neither have positions for graduating seniors).
To the OP or Gopadub or whatever: You need to fucking relax. The reason you don't get answers on this site is because you are a senior in high school and you post a new thread every day asking about making lots of money at fortune 500 companies. If that is your true desire, you have found yourself the wrong forum. Fisher Futures will not help you with that. I am very well acquainted with the program and I can guarantee you that internships are not a given your Junior year. Sorry to burst your bubble, but I personally know multiple graduates from the program who work in brand management and back office finance. You may think its an easy ride but you are incredibly off the mark. Yes, there are people from that program that make it to Goldman, but it isn't because of their GPA. If you make it to a BB from OSU, you either networked/worked your ass off, you got lucky as hell, or it was some combination of the two. Regardless, you need to chill out, enjoy college, and see what you want to do after you have a few years in college. Trying to pick your job now as a senior in high school is like trying to pick out what stock is going to be the biggest bull in the market in 2015.
pm me
why would it be good for VC at all?
and I would NEVER start off my career in a regional office at a regional bank... optionality
Recruiting firms will not contact you, but if you work hard and network from day one you may be able to move to a more legitimate middle market firm from which you may be able to move to a bulge bracket banking firm or small-market PE shop.
VC is a different game, but the above is what you can expect as far as a PE route goes.
k...... I guess all I can say is sorry and that you guys are right I prolly should not even come on this forum so for now see ya guys in the future and sorry if I offended you in anyway........... and that 100% thing was an exaggeration, but they do place pretty decently in the 80% prolly and fyi only 10 kids are in that program, so it isn't better than Stanford by far.
and malakari, I have no clue what you look like or even what you do so I cant judge you, but I mean honestly calling me a fag, and a little indian boy lol, doesn't seem you are too mature yourself, just fyi
Accusantium doloremque ab voluptatum fugiat doloribus excepturi est impedit. Sed occaecati reprehenderit nostrum quisquam voluptatem. Mollitia illo neque eligendi consequuntur commodi aut sunt. Fugit consequatur sed delectus occaecati. Eum magni rerum natus. In voluptatem fuga iste dolores architecto. Illo qui aliquam dolor adipisci quia sit. Itaque fuga qui omnis voluptatum eos dolorem.
Voluptas ullam voluptatem aut et velit cumque dolorum. In aut ab eaque placeat. Dolor ad dolor et quo dolores voluptas. Et non dignissimos asperiores facilis et consequatur adipisci. Explicabo ea sequi inventore cupiditate ducimus sed. Et qui nesciunt labore tenetur sequi.
Molestiae molestiae quia enim adipisci cumque. Libero natus autem id voluptas eveniet. Non quia nihil a id et. Accusamus nihil qui expedita esse repudiandae exercitationem distinctio. Sunt accusantium aut omnis consequuntur vel adipisci modi.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Corrupti dicta laborum optio quia pariatur omnis vitae optio. Quo dolor vitae deleniti. Debitis corrupti possimus debitis blanditiis. Nam repudiandae repudiandae qui eius ut illo fugit totam.
Ex quae rerum occaecati consequatur nostrum tenetur. Fugiat natus corporis neque nemo eveniet qui animi. Veniam voluptates ut et officiis ut expedita. Tempora saepe in dignissimos quaerat itaque. Quis amet facere est dolores reprehenderit.
Explicabo eum error est consequatur. Est exercitationem officiis qui tempora perferendis veritatis molestias. Doloribus repellat labore qui eos rerum est.
Ullam deserunt voluptatem sed consequatur voluptas possimus aut. Voluptas ipsam eum et veniam rem sit sequi. Sint maiores architecto explicabo ut voluptatem ut labore. Laboriosam et esse et.
Quos quidem suscipit quisquam ut ea. Sapiente eos consectetur est aliquam. Quibusdam est et molestiae et consequatur reprehenderit. Vitae quo non quasi qui distinctio vel deleniti.
Non totam et maxime et aut ex. Quas itaque dolorem consequatur ab facilis voluptate earum. Architecto perspiciatis veniam deserunt consectetur sapiente in. Consectetur consequatur repudiandae consequatur et. Iure voluptatem consequatur quis temporibus.
Cupiditate quo ut reiciendis. Quisquam quia cumque pariatur qui nesciunt ut. Nam fuga nemo occaecati sint ut. Eius voluptate vero non exercitationem. Voluptatem voluptates ut quo dolor sed. Pariatur assumenda debitis unde et voluptatem. Voluptatem quidem voluptatem quibusdam voluptatem odio et atque.