KeyBank vs Raymond James

What is your opinion on the two firms I have offers with both. KeyBank is in NYC and RJ is in Boston. The KeyBank offer is a much more formal internship compared to the RJ one, but all I can find on KeyBank on WSO is from several years ago so I would love a little more insight.

Thanks

 

I'd say Key. Definitely a growing platform with some strong acquisitions recently (e.g. Cain Brothers). Decent rep and reasonable exit ops. this is just what ive gathered from asking a similar question recently, so itd be great to hear other peoples opinions

 
Best Response

RayJ is def a more prominent name than Key at this point , and has more diverse industries. I would imagine RayJ Boston would house their FinTech/Tech practice, which is pretty strong both in IBD and Research. Key NYC is strong in Healthcare, especially after acquiring Cain Brothers (advised on by Freeman & Co, another NYC bank), but there's been alot of turnover recently bc of acquisition. Key NYC also has FSG and Real Estate.

I'd say if you're interested in Healthcare/FSG go Key, if you want to network in NYC during your summer go Key, if you like Tech Banking/Boston or just want the name go RayJ.

 

This is sorta helpful / sorta inaccurate. Any turnover at Cain so far would be layoffs of redundant people - important people certainly have lock up periods. Key also has tech and industrials (its 2 strongest groups along with real estate) in NYC so depends what group your offer is for. Ray jay is very strong in tech though if that's your offer.

 

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