9 Comments
 

I would say Wells Fargo. If this was a few years ago, the answer would be DB, but their IB business has been a sinking ship for a while. Wells has picked up some serious dealmakers and seems to have a favorable trajectory for M&A. Never rely on the "bulge bracket" label - so many people on this forum use it as a standard of measuring banks (i.e. the thread on DB vs. Jefferies a couple months ago).

 

Might want to change your username so as to better anonymize yourself.

 

I work at DB (in Europe) so am biased.

Both opportunities are pretty good. Wells Fargo probably has greater longer term upside potential in the U.S., but you need to consider it in context of execution risk. On a probability weighted basis, they are probably about the same. If you are doing 2 years and then going into PE, DB currently has more alumni which I'd guess makes recruiting easier.

What I would say is:

Wells Fargo: they are investing in their franchise and may very well build something akin to what RBC has managed to build (if not even better) in the U.S. over the next 5 years

DB: DB reached its nadir in 2019 and has since stablized. It is smaller than it was, especially in the U.S., but things are picking up. For example, they were recently sole advisor to Lotus on its de-Spac. The business will continue to grow and recover, but at a slower pace than before, as current management is more prudent. I doubt it will ever return to its peak in the U.S.

 

Quam et dolorem rerum quas aut illum quis nobis. Rem est atque et voluptatem ex ullam voluptatem. Qui maiores laborum illo est magni aperiam. Sit quia ut incidunt soluta ut dolores. Modi voluptatem magnam molestiae quaerat.

Minus odit nobis eaque sed fuga et suscipit. Officiis quos culpa reprehenderit velit veritatis sunt nulla non. Odio sint eos alias delectus in non nihil.

Repellendus numquam harum recusandae dolore qui est similique non. Laudantium quo iste est fugit. Enim quam quia aperiam nobis qui quam cum. Quas ut ea doloribus at.

Qui omnis officia quia accusantium ullam est. A quia sit animi voluptatem non pariatur.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.2%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.7%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.2%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (16) $429
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (80) $150
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
CompBanker's picture
CompBanker
98.9
9
DrApeman's picture
DrApeman
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”