How is Deutsche Bank's investment banking division in NYC looking in 2018 and onwards? Specifically looking for data on SA -> FT return offer rate for different groups, exit opps, top groups, and how have the analyst's bonuses been in the last couple of years? Thanks guys
Edit: At this point, just looking for more general info or personal/friend's time at DB for different groups, recruiting for buyside, etc.
Congratulations on the offer! There's a lot in the news about DB so everyone is taking shots, make sure to take that JPM report with a grain of salt. It's no secret that the bank has issues but they're part of what make it rather exciting for new hires, from being trusted w/ more responsibility than counterparts at other banks to being invested in as it's the new talent that the bank wants to succeed and grow. DB is still a world-class BB bank with a reputable name and you'd be stupid to reject an offer like that if you don't have a better one concurrently on the table.
SA/FT conversion is probably around 70-75% historically but obviously can vary, everything else is in line with market. Don't obsess over exit opps and all that other stuff. If you're a strong candidate you'll make the leap, and you can always do FT recruiting with this experience if you find DB is not for you.
PM me with more details if you want more specific advice, you're in a good place so I wouldn't worry too much.
Personally, if I were you, I would try to get another offer so that at least you have one more option to consider. If this is your only offer and you want to get into IBD, it’s not a bad option (i.e., it’s the only option you got...). If I had other offers, would I accept an offer from DB? Most likely not - I would advise against it.
Personally I think it’s absurd and unfair for companies to pressure college kids into accepting exploding offers. it’s the reality of the recruiting game and I get why they do it...but it’s really not fair.
One potentially controversial way you can go about doing is the following: (1) Accept DB offer (2) Interview with other banks (3) if you get better offers, accept that other offer (4) Back away from DB
Look out for yourself - it’s not fair for these banks to be pressuring kids into accepting offers this way
I would, in most cases, advise against doing it this way though.
Alternatively: (1) go with DB (2) Get a return FT offer (3) leverage that to get other FT offers