BarCap v. Deutsche Help!

Okay so I'm a Junior with 2 SA offers for this summer.

1.) Summer Finance Analyst at Barcap
2.) Summer GTB Analyst at Deutsche

I've done a lot of research and I see how one is more MO and one is more client-focused, but what I really want to know is which one is my best option?!?!?

In the long term I'm hoping to land a job out of my non-target school at a great bank like one of these, work there for a few years, get my MBA at a great (hopefully target) school and make my way into what I really want to do---> aka M&A or PE.

However, I drastically need some advice from all of you knowledgeable primates out there.

Best exit ops/internal mobility?

So... help?

 

Congrats on the offer! I'd probably say Barcap's culture is a lot more collegial, because a lot of Lehman folk are there. I'm sure DB is great as well, though I know a lot less about it.

When did you have your superday and when did you hear back about it?

 
Best Response

In my eyes, Barclay's, Credit Suisse and Deutsche Bank are on the same tier in terms of prestige, stability and exit opportunities. The differences are almost inconsequential. Given your situation, you need to make the decision based on fit and the people. Which group do you feel a stronger connection with? With whom can you see yourself enjoying your next two years with? Are there alums and/or people with similar backgrounds you can look up to and lean on for mentorship?

Answer yourself those questions and know to follow your heart.

If you truly think both firms are equal from a personal standpoint, I would personally advise you choose DB. Globally, DB has always had stronger dealflow than BarCap/Lehman. Although BarCap is stronger in the US, DB is leads dealflow in Europe and Asia. As a result, the firm has also been more stable and growing with momentum during the past few years. My friends at DB seem to be happier people and they experience fewer layoffs / mass firings overall. Lastly, DB tends to have some very powerful groups in the sectors I know pretty well, LevFin and Real Estate.

 

BarCap in US. Deutsche in Europe.

You know you've been working too hard when you stop dreaming about bottles of champagne and hordes of naked women, and start dreaming about conditional formatting and circular references.
 

not a question in the US. BarCap. It has better deal flow, better culture (from what I've heard from analyst friends at both). With former Lehman bankers, Barclays has a better North American footprint. If you're in the US, DB's dealflow in Europe and Asia is largely irrelevant.

 

Neque et similique totam rerum commodi harum occaecati. Id dolorem fuga rem sunt dolor. Eius qui voluptatem non sequi quisquam exercitationem.

Aut voluptatem aut aut facilis placeat mollitia iste. At est unde debitis et repudiandae velit. Exercitationem molestiae eius et voluptatum et eum. Nobis tenetur unde dicta aut. Voluptas libero et a tenetur beatae est. Incidunt rem quasi aspernatur quis. Aut dolores quae itaque voluptas architecto.

Rerum in odio laborum assumenda unde corporis qui. Rerum odit cupiditate sed provident consequuntur ut quia. Molestiae asperiores quia harum sequi quaerat. Pariatur voluptatem aut quisquam sed. Consequatur esse eaque illo cumque eaque possimus quaerat.

Eaque voluptatum et quo non suscipit qui. Qui molestias expedita modi ullam. Aperiam aliquam distinctio magnam perferendis qui. Voluptatum tempora quia doloribus.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
numi's picture
numi
98.8
10
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”