Hey guys,
Have to make this decision in the next few days for a internship. Are there any significant different between the two in London/ in general, in terms of deal flow, placements, etc. Also, which IBD teams are know to be strong at CS and DB? I obviously have my own thoughts about the teams, culture, etc., but wanted to hear more about (i) which teams I should consider (ii) if there is any significant difference in terms of future placements, general quality of deals, etc.
Thanks..
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Not sure about London offices specifically (so take it for what you will) but overall I think CS has the better reputation and to my knowledge has cool things like relatively easy internal mobility etc.
Source: friend works at CS
No significant differences - go with the team you feel you will get along the most. Well done.
Thanks guys. Anyone other thoughts? I'm leaning toward DB because of I think it's a better fit, but I also feel CS leaves more doors open.
DB in London, CS in US depending on group
In London definitely DB
If this following a spring week?
If NY CS. London DB. Congrats on the offers.
CS for buyside placement, has done better compared to DB in the past across the board I would say.
Do you have any info on their conversion ratio from internship to full time? This should be the biggest factor you need to consider if you are planning to go on with banking. That said, I would say that I don't see much difference between the two. As someone already said CS is probably > DB in US (First Boston) but in Europe, I can't see much difference. In my country (Italy), they are both solid.
Finally, you may also take into account the location since one is in the City and the other one is in CW. Can you pick you team? Did you like the people you interviewed with at both firms?
For what it's worth when DB visited my uni (UK), they were telling us that they take in a very small class of summer interns in comparison to other BBs because they convert about 90%.
thanks for the response guys. This was not from a spring week.
Tbh, I am not to fussed about the conversion at the moment- from interviews I got the impression at both places that you are good then at the internship, then an offer will be made. Just wanted to check if there are many differences in the experience as an analyst, and opportunities afterwards. Also, regarding teams which are doing well at the two banks atm?
Thanks.
Conversion rate will be much higher at DB. I would certainly take that into account, and don't believe everything they say during interviews.
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