Stifel vs Brown Gibbons Lang vs Cain Bros vs KeyBanc

I'm trying to learn more about the above firms to know which I should be focusing on. Are they all in the same tier (mid MM IB)? What's the order of the above firms based on comp, prestige, exit opps, business school placement and culture? Assume main NY/Chicago offices.

I understand KeyBanc and Cain merged but I think they act separately recruiting for now.

Comments (7)

Apr 17, 2019

It just depends on your interest. HC Services is Cain Brothers

I am interseted in healthcare so It would be Cain Brothers, BGL, Stifel, KeyBanc

For general firm: Stifel, Cain Brothers, BGL, KeyBanc

    • 1
Apr 19, 2019

Curious that you place KeyBanc lowest in both. I thought they would be a solid middle market player given they have a balance sheet and are making acquisitions to improve their IB.

Array

Apr 19, 2019

Just better firms out there. KeyBanc is alright if no other options

Apr 17, 2019

Stifel has good deal flow

Nov 13, 2019

Stifel is a tier above the others, think comps are similar though

    • 1
Most Helpful
Nov 13, 2019
  • Cain (HC vertical for Keybank)
    (gap)
  • Stifel
    (gap)
  • Key (vertical specific - solid in certain industrial segments)
    (gap)
  • BGL

My impression of Stifel is that it's deal flow is more sporadic as it chases larger deals and from my understanding, does not win at a high rate vs. Jefferies, HL, Blair, etc. And I've seen several sub-$10 million EBITDA businesses that Stifel has been marketing (not talking huge multiple deals either). It also shows up as much as anyone in the MM on buy side advisory.

If you want MM HC, Cain has very strong deal flow. Heard mixed things about culture (seems to have been a bit of turnover lately in NY office) and execution, but hard to imagine they would lose to many groups on relevant HC services deals

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    • 3
  • Intern in IB - Ind
Nov 14, 2019
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