DB in 2025
Currently at an MM considering lateraling. How is the firm doing nowadays in terms of dealflow, exits, etc? What groups are the strongest? Saw stock price tripled over the last year and the firm has went on a hiring spree of seniors, but would be good to hear some info from folks familiar with their IBD
Seeing a lot of lateral posting too so wondering if it reflects anything on their trajectory/activity in the US?
A lot of momentum, now in the top 10 and clearly ahead of UBs:
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Globally, yes, DB America has still had a pretty horrible 2025, especially compared to a stronger 2024. Will say that DB is still aggressively hiring in the America, and on the corporate side, they have become significantly more aggressive in pitching and giving us ideas.
How would you compare their trajectory to other EU banks such as Barclays, UBS?
It is doing well and looking to be back on track. Of course these thing can change if for eg they are suddently hit with another regulatory fine / scandal. But for now they are on the right trajectroy.
At the end of the day, their legacy brand name has kept them afloat even in tumultuous times, so no wonder that they can turn things around relatively quickly.
Improving, but Sponsors, LevFin, and REGAL are the only groups with meaningful deal flow followed by Industrials and HC. Exits are limited to credit/real estate mostly for MF PEs, MM funds doable for equity. Great brand regardless.
Is DB HC strong? Heard mixed things
This is a very dated take in this post. FIG is better than Industrials and HC. HC lost their great rainmaker to JPM who is doing really well there and the whole group is turning over.
Generally accurate. Legacy of US brand is Bankers Trust, an LBO shop. LevFin / sponsors run the show and every other group is second class. Interestingly Fedorcik, who was head of global co head of banking and a levfin guy, left for Standard Industries. Curious to see who picks up his stead. A few groups like REGLL or FIG had heavy hitters and leveraged the cap markets side of the bank to their advantage, but this is fading. In general tho, coverage groups get shots on goal for just about everything and eke out scrappy wins. Unfort there's been a lot of brain drain across the bank, most recently exemplified by JPM's poaching of the senior HC bankers. Nonetheless, decent folks, solid culture and comp isn't bad (other than the stock component...)
Are bonuses generally comparable to BofA?
Do you have an offer for a specific group? Very group dependent
Which groups are considered top?
Bump
bump
D
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LMAO by this definition BofA isn't a global bank either... It's pretty weak in LatAm, APAC, MENA regions. Same with Barclays. Both DB and UBS will be regarded as BBs unless they suddenly sell-off their IB arm or go under water like CS.
DB and UBS are somewhat like Jets and Patriots nowadays. They always have the potential/track record to move up the ladder but highly unlikely.
DB is in a better trajectory though, at least they are ramping up their US IB operations, unlike UBS. Their EMEA business is also doing well compared to the past couple of years. I'd be more worried about UBS, which has clearly prioritized its WM division
Bro no one cares about these made up tiers once you are at your job. All of these shops are respected and well-regarded. If you were to make a tier-based list, it would probably be GS/MS, and then all the other BBs in the same bucket (maybe JPM at a higher bucket, but BoFA, Citi, Barc, DB, UBS will be regarded in the same tier)
How's their SF office? Deal flow and culture?
curious as well, about their tech group
Any insight on their consumer group? As well as generalist pe placements from LevFin?
Anyone has insight that why they are not hiring MBA Associates?
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Because MBA associates suck
I think they stopped hiring MBA around 2021 with cost cutting initiatives and hasn't brought it back.
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