DB Coverage Groups
Was curious as to if anyone could provide some color on DB Consumer/Bus Serv group. Seems like deal flow/fees are improving. What about culture/hours?
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Based on the most helpful WSO content, Deutsche Bank (DB) has been noted for having a mix of experiences across its groups. Specifically for DB's Consumer/Business Services group:
Deal Flow/Fees: There is an indication that deal flow and fees at DB have been improving. This aligns with broader feedback that DB has been gaining traction in certain areas, particularly in real estate PEs and other sectors.
Culture: DB is often highlighted as having one of the better cultures among banks. Feedback suggests that the people are generally understanding and supportive, with a focus on growth and learning. However, like most banks, there are occasional challenges with certain senior individuals, though these seem to be exceptions rather than the rule.
Hours: The job is described as a grind, with long hours and significant sacrifices to personal life. This is consistent with the broader investment banking experience, but DB's culture may help mitigate some of the stress.
Overall, DB's Consumer/Business Services group seems to be on an upward trajectory in terms of deal flow and fees, with a relatively strong culture compared to peers, though the hours remain demanding.
Sources: WSO 2022 Investment Banking Work-Conditions Survey (Part 1/3), This is what a group with poor deal-flow is like, BofA Houston Work Culture/Deal Flow?, Thoughts on Barclays in 2020, WSO 2022 Investment Banking Work-Conditions Survey (Part 2/3)
from what i know, they do a fair split of pitch work and live deals, but at least the people i spoke to were able to back their experience with at least one deal that closed even if only AN1
hours could be more relaxed in the group have heard people get off at 9pm but i would assume this is all relative to if you want to be the star analyst or simply coast
for consumer/business services there’s more of a focus on business services with verticals in accounting firms, pets, edtech(closed kkr instructure deal), and likely more
the SA internship, you’ll be paired with an AN1/AN2 and work directly under them to learn, wouldn’t say it’s a bad group within DB, but if speaking placements wouldn’t be the best at DB for exiting into PE
but most consumer analysts do choose the A2A promote at most banks rather buy-side (from what i know and in comparison to other teams)
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