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It is a priority for the firm to grow their advisory business to have a more balanced revenue mix and RWA. They made several senior hires although result haven’t materialised yet.

Great time to join

Could not be a better time to join.. have made a lot of hires that should start materializing this year. Ignore the noise from people who work at some MM on this website

Most definitely a huge focus on MD hiring - one of the banks that hired the most in these past few years. Still exits fine given current deal flow and better than MM names like Wells/RBC who technically might be above them right now in global M&A rankings, and hopefully, these MD hires will finally push them up the league tables. This is prob the best time to be at DB for a while, and if you don't have any other BB/EB offer, I would take DB and be very happy with it.

Is it USA or Europe? If it is your only choice - take it Otherwise would not recommend - DB overhired in terms of MDs that cannot even bring any deals. Press-wise might feel that they are great as they recently hired more but mainly they made some of 2021/2022 MDs redundant after 2 years of no deals brought Management is living in Stone Age with some part of infrastructure / support teams (BIS, eval, press) of lower quality than in other BB, if you can still qualify DB as BB I know I might get a lot of monkey things for this but I work at DB and swapped from the other BB - believing in the upward trend but that was the worst career decision I’ve ever made

Given Deutsche Bank's recent performance and strategic initiatives, its outlook for 2024-2025 appears mixed. While the bank has made efforts to streamline operations and improve profitability, challenges such as regulatory scrutiny and market competition persist.

To be honest it seems like they are pushing on IB. I have seen them win some mandates in the sector that I cover over the last 12 months, which I hadn’t really heard much the 2/3 years prior

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What is the focus of the bank if not M&A?

what about DB HC

Echoing another veteran from the jungle, the firm does stand out for analyst training, and hats off to them for somewhat cleansing the brand’s image from past tarnishes – at least for the moment. But, let’s be crystal: its seen as a launchpad, a means to an end, especially if you’re hitting a wall snagging a better offer elsewhere.

Diving into the analyst saga: you kick off as a generalist, flying high with an offer, only to dive into the springtime scramble of having to then place into two groups ahead of the internship. Picture this – a horde of analysts duking it out for limited spots in the few top coveted groups, igniting drama worthy of prime-time TV. Thought you were destined for REGLL? Surprise twist – welcome to FIG!

Peel back the onion, and the core revelation is many high-flyers don’t stick around past the associate/VP stage. Why? The bonus game isn’t winning any medals, especially post the “record-breaking” 2021 parade (just ask how the bonuses were for that year and since). What you’re left with is a disproportionate amount of the B-team brigade, more invested in minimal-effort ladder climbing and impressing the higher-ups than truly fortifying the bank’s future or nurturing junior talent. VP-COV wasn’t mincing words.

Apparently some groups may have turned Big Brother, hawk-eyeing analysts to ensure their butts are in seats by like 8:30 AM sharp, regardless of last night’s marathon. And heaven forbid you contemplate grabbing breakfast or lunch with fellow analysts; optics over well-being, because apparently, it’s crucial for the MDs to see desks filled, even if it means having to eat at your desk... or worse, potentially adopting some... unconventional methods to avoid leaving your desk.

With all the recent expansion, new MDs and hires, you’d think its on an upswing. But it can seem like bureaucracy and playing not to fail are the more cherished traditions. So brace for a barrage of pitching, part of the grand dream to carve out a spot in M&A. And don’t get started on the archaic infrastructure/support/tech – it’s like being stuck in quicksand, constantly redoing tasks thanks to ‘technical difficulties.’

So, if you’re pondering a stint, eyes wide open: it’s a decent training ground and perhaps a necessary evil if you’re out of options. Just be ready for the rollercoaster – and maybe keep an exit strategy in your back pocket.

I started out at DB so a few pointers below and hopefully it helps in making a decision. If I were you, I’d try to get an offer to another firm or rerecruit after you convert. I’d be looking at another BB instead of a boutique (unless top tier EB). Culture and pay wise DB is weak, slightly below the street. The only good thing is the name carries quite a bit of weight, and you should have a decent shot at UMMPE and a very solid shot to lateraling to any bank you want

how's the consumer team doin? heard they hired a bunch of ex-CS MDs 

Relatively strong start of the year for DB in EMEA. Although it is still too early to rely on league tables, they are currently ranked #7 for M&A YTD and have had key roles in some of the largest IPOs of the year (Renk, Douglas, Athens Airport). Still nowhere near the top 10 in the US but the franchise looks healthy in EMEA

n 2023, the bank reported a profit before tax of €5.7 billion, reflecting solid financial health and an ability to meet capital distribution goals, including share repurchases and dividends

You can get in there, see how things look and decide later. I doubt anyone from DB will be here to tell you, and most likely when you join you'll have to sign some agreements as well.