db or citi
IBD Summer analyst which one??
Update: ended up taking neither lol cuz got better offer at a boutique but thanks for the help
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Entirely group dependent
So can you list out which bank you'd pick for each coverage/product group?
This.
On average, I'd say Citi, with Citi's run of the mill industry group being better than those at DB.
If you get a group offer from Lev Fin, M&A, or (maybe) industrials from DB, then those groups are probably stronger than the average group at Citi.
I can tell you about a few of the more popular groups, but for specifics you should get more input from others. They will definitely both have their strengths and weaknesses. Nonetheless...
For M&A I would definitely go with Citi. Arguably the second-best dedicated M&A group on the street after Morgan Stanley's. DB has great M&A as well, but Citi's is stronger.
Lev Fin is probably DB's strongest group, so I'd go there for that. Think Sponsors is strong, too.
I remember hearing that DB had a great Real Estate group, but that's a bit less traditional, so if your DB offer were in RE, I'd still probably tell you to go to Citi unless you're either specifically interested in RE or it turns out that Citi's RE is weak and your offer there is specifically for RE, too. On the whole, Citi is probably a marginally stronger bank.
JPM's M&A group is better than Citi's and DB's DB industrials is one of their strongest groups DB LevFin is much better than Citi's
Would you agree if I said: ms, jp, c, CS, DB, UBS for BB m&a groups? Curious to know c vs CS in particular.
I am in MM PE and generally Baml M & A especially in the recent past is more highly regarded than Citi M & A group.
Wondering what groups after M&A are best at Citi?
UBS m&a group is pretty much non existent at this point. they are cutting it down to have m&a done in only verticals
actually that is true... i personally spoke to their head of HR and they are having m&a executed in coverage groups such as goldman's and barcaps model.... so yes once again misinformation on WSO... but by you!
Had a superday there yesterday with 2 M&A interviewers and have several alumni contacts as well - I can confirm this. They are turning their M&A into a small product specialist team that advises on more complicated transactions and coverage teams are running the models for run of the mill stuff.
That's probably a good thing actually, now the coverage groups will do in-house modeling that they might not have done previously. Definitely will give analysts an SAs better experience
Jesse_Livermore,
Tried sending you a PM but don't have the banana points. I have an interest in Industrials group at Deutsche - could you provide any additional info on group strength/sub verticals covered within the group? I am curious about how they compare vs. the GS/MS/JPM Industrials groups and which subsectors they are especially strong in (also, are Chemicals/Metals, Mining covered out of their Industrials or Nat Res groups)? Thx for your help!
Double post.
In some parts of the world DB run general industrials. The coverage encompasses consumer, retail and healthcare, tech media entertainment and telcos, traditional industrials (paper and packaging, transport and logistics, manufacturing etc) and financial sponsors. However in ny it is only traditional industrials with chemicals a part of the coverage (eg mosaic) but metals and mining is covered in natural resources.
For industrials, I would prefer DB over Citi, but both are great firms so congrats
Interesting - always thought Chemicals was a part of the Nat Res team at DB. Thanks :)
Citi vs DB (Originally Posted: 03/10/2012)
Which firm has a better rep?
i was going to compare them by league table performance or something, and then i saw your avatar...
citi
DB IBD vs Citi IBD (Originally Posted: 01/27/2010)
This is not a troll post. I'm just a very, very confused monkey.
I'm a first year student at a core feeder for both banks, and I have summer associate offers at the respective NY offices. I'm a career-switcher, so pardon my ignorance of the field.
I liked the people at Citi better, but the firm has so much uncertainty around it. It's killing DB in the league tables, but I'm wondering if the relative calm of DB is a better option. DB may also have more "prestige" (which means different things to different people) on one's resume, but I'm not sure that's very important. Also, it's quite possible that in a couple of years Citi will recover sufficiently to once again use its giant balance sheet to essentially buy business. The compensation situation at Citi is a little scary compared to DB though.
So many things to consider, so little time to respond.
Volatile Citi, with higher expectation or Low-beta DB, with slightly lower expected returns?
Suggestions/comments/criticism welcome.
What group?
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