DB LND Seasonal Internship 2026 (September)

Based on the most helpful WSO content, here's what you need to know about the recruiting process and interview expectations for internships in London, including Deutsche Bank's Off-Cycle Internship:

Recruiting Process Structure:

1. Online Test: After completing the online test, candidates typically move on to multiple interview rounds.
2. Interview Rounds: Expect 2-4 rounds of interviews. These may include:
   • Telephone Interviews: Often the first step after the online test.
   • Assessment Center: A common stage for London-based roles, which may include group exercises, case studies, and individual presentations.
   • Final Round Interviews: Sometimes conducted after the Assessment Center, especially for full-time roles.

Timeline for September Intakes:

• Applications for September internships often open well in advance, and networking can play a crucial role in securing interviews.
• Interviews and assessments are usually conducted in the months leading up to the internship start date, with offers extended before the summer.

Interview Expectations:

1. Technical Questions:

   • Be prepared for questions on accounting, DCF (Discounted Cash Flow), and comparable company analysis (Comps).
   • For candidates with prior experience, technical questions may be tailored to your background.
   • A basic understanding of LBOs (Leveraged Buyouts) might also be tested.

2. Behavioral Questions:

   • Common questions include discussing your strengths, weaknesses, and past experiences.
   • Be ready to explain why you are interested in investment banking and Deutsche Bank specifically.

3. Motivational Questions:

   • Expect questions like "Why investment banking?" and "Why Deutsche Bank?".
   • You may also be asked about your long-term career goals and how this internship aligns with them.

4. Other Possible Questions:

   • Situational or brain-teaser questions might be included to assess problem-solving skills.
   • Questions about teamwork, leadership, and handling challenges are also common.

Tips for Preparation:

• Leverage the WSO Investment Banking Interview Course for a comprehensive guide to technical and behavioral questions.
• Network with current or former interns to gain insights into the specific culture and expectations at Deutsche Bank.
• Practice mock interviews to refine your responses and build confidence.

Good luck with your application and interviews!

Sources: 20 Most Frequently Asked Questions - London Edition, London IB Summer Internship Discussion 2018, International Student - Chance of getting an IBD internship in London?, Networking and timeline for 2023 FT IBD recruiting, Lazard Investment Banking Video Interview Questions