Hi,
I have SA offers at both BAML and Deutsche. The groups I'm interested in are strong at both: LevFin, Sponsors, FIG, and Real Estate. BAML also has better M&A and I've formed a strong relationship with an MD and a couple of analysts. Deutsche has a rotational program and more flexibility among its groups. So which to pick and why?
Thanks!
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I personally am worried about the stability of BAML's platform with BofA. If Greece goes, I am not especially confident that BofA will survive the aggregate shock to the global financial system, given their capital problems. So in that sense, Deutsche, which is far better capitalized, is a "safer" bet. But, this is for SA, and you go BAML and then lets say that BofA hits a rough patch and freezes hiring, BAML M&A would be a very strong resume line, and could go a long way towards getting an FT offer elsewhere.
I'm a little biased towards Deutsche, but there are arguments to be made both ways. So I'd say go with the one whose people you enjoyed the most.
But you think the other banks can survive a BofA default? BofA going down would be worse than Greece going down.
This was retarded... you think that a bank with "America" in the name and a balance sheet the size of theirs would be allowed to fail? We would have a lot bigger problems on our hands than choosing Summer Analyst offers if that were the case.
Both banks are solid banks and you'll get good experience at both. Go to the place where you have the best relationships and like the people the best, or if there is a greater opportunity for placement into a group you like.
I'm not saying that BofA would be allowed to fail. But if it were at serious risk of failure and there had to be a bailout, you can bet that congress would eviscerate BAML. I also did not say that I thought that BofA would fail.. I said that I didn't have a high level of confidence that it would survive a disorderly Greek default. It's no secret that BofA is less healthy than Wells Fargo and JPM. It's sitting on a debt overhang (zombie bank), and is less able to do things like issue short term debt if necessary.
honestly, I'd go with the people. If you have a strong relationship with the BAML MD/analysts in M&A and you really want to do M&A, then that's probably the way to go...
all else being equal, BAML has a cooler building ;)
BAML may have a cooler building but damn their "clean tech" lights in there are very, very annoying. It flickers on and off every 2 minutes!
Thanks for the responses. I should clarify that my relationship with MDs at BAML is not within M&A but rather around the bank. And by the way, hasn't BAML already met capital requirements while Deutsche has not?
Td50, your such a tool. Nobody gives a shit about which bank you're gonna work at. There are so many offer threads on this website that should suffice to help you make your decision. Stop wasting our time and get a life. Investment banking isn't worth it anyway. Those people caused the financial crisis.
--all da way turned up --BLC 4 lyfe.
cool bro. thanks for stopping by.
DB typically pays more
Not for summer analyst positions
They're pretty much the same reputation and exit opps-wise. Numerous threads on both all over WSO. Just use the search function.
BAML M&A stronger or Citi M&A stronger
BAML is not going anywhere.
To anyone who thinks DB is in that much better shape than BAML....it's not.
Optimus, would you mind offering more?
BAML is like a lesser JPM. DB is like a way lesser GS/MS but with an accent. So the question is, which do you prefer? Also td50, don't listen to Bonobo777- he's probably doing TFA or some shit because he couldn't get an offer from a bank
DB v BAML (Originally Posted: 05/13/2013)
Any insight into how these two are doing? I've heard about the comp situation at BAML but have not heard much about DB. Can anyone share their thoughts on the future of these two banks and how comp was?
At what level? Both firms pay street at the analyst level.
Associate / VP.
you'd be insane to go baml route. they're firing all the time and very limited dealflow. db is doing very well... run lean groups so you probably will get worked harder
Is this a joke? BAML is #1 in M&A YTD (on Bloomberg and #3 mergermarket) and hasn't had layoffs in over a year whereas everyone else is still cutting. I'd only take DB if it's in London.
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Group placement important, especially if you're looking to join as an associate. Any insight there?
DB vs. BofA (Originally Posted: 05/07/2008)
This is for IBD. Culture/people aside. Which would you chose for a FT position?
FYI, culture and people are two very important things when choosing a bank.
I realize that. What I meant was to assume that culture/people are both equally good.
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i dunno about what it would have been before hte credit crisis (my guess is DB is still better)...but you def do not want to be going to BofA now...going to a division that a company's CEO has stated he's had about as much as he can take with...not a good career plan.
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