DB vs WF

Which would you take and why ?

DB is top 10 league tables for lending / bonds, WF isn’t in top 10 anywhere.

However I know that DB has been shrinking US operations for the past years while WF has been aggressively expanding.

Can anyone talk about your experiences at these shops ?

14 Comments
 

Based on the context provided, both Deutsche Bank (DB) and Wells Fargo (WF) have their own strengths and weaknesses.

DB is arguably top 5 in LevFin / Sponsors, which means they have a strong presence in leveraged finance and sponsor deals. However, it's also mentioned that DB has been shrinking its US operations in recent years.

On the other hand, WF isn't in the top 10 in any specific area according to the league tables. But it's important to note that WF has been aggressively expanding, with big hires and a focus on becoming a fully established Bulge Bracket (BB) bank.

In terms of location, the majority of WF's Investment Banking (IB) is in Charlotte, and you get placed post-offer, which could be a consideration depending on your location preference.

Ultimately, the choice between DB and WF would depend on your career goals, the specific role you're considering, and your personal preferences. It's always a good idea to speak to current or former employees at both banks to get a better understanding of the culture and opportunities available.

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 
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Captain Expenditure

What the fuck is this

AI bot trained on the most helpful content across 17k nodes (about 55 million words) that gives members an answer if their thread has 0 comments for a few hours... Starting next week it will show citations so it will be much more obvious where it's getting the answers.

It's the same idea as the monkey bot that's been running for 5 years, just leverages our 17 yrs of content and gpt4 to try and get members at least some answer... Mileage varies but some of the responses are decent. 

 

This is just blatantly wrong.

Wells Fargo is top 10 in M&A league tables, both globally and in the US. Wells is also Top 10 in lev fin league tables, both globally and in the US.

The post from the bot might’ve been accurate 15 years ago but today Wells Fargo is growing faster than DB and is a more relevant player especially in the US. I don’t work at either.  

http://graphics.wsj.com/investment-banking-scorecard/Koo

 

if you’re recruiting for PE and only plan on being there for two years, the majority of groups at DB will be better. Would consider WF if you were planning on being a career banker with their current trajectory

 

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