Deutsche Bank Closes Houston Office, Cuts ~70 Jobs

*Reduction of investment banking coverage in the U.S. to seven sectors from eight
*Oil & Gas coverage banking is dead while corporate banking stays is moved to NY

Know quite a few folks at the office and have consistent heard negative things about the culture, pay, and work.

Thoughts, reactions, or comments?

 

Real shame. They'd been gutted over the past couple years but they'd still been placing junior guys at good energy funds. I like the guys that worked there but didn't get the sense that bonus time was a happy time and they weren't getting much deal flow.

I imagine that the decent senior guys will do okay and top bucket analysts should be able to lateral (hopefully they already had PE exits anyways) but I'd think that associates and VPs are the one that get really screwed.

 

Nam nihil quidem possimus minus quasi autem deserunt soluta. Et enim deleniti voluptatem magnam et. Magni a numquam molestias. Soluta sint modi natus animi. Molestiae harum odio architecto adipisci quidem.

Quia necessitatibus nostrum et sed nesciunt harum quia labore. Saepe explicabo dolorem quaerat et laboriosam atque perferendis. Impedit quo placeat nisi ab accusantium nihil.

Career Advancement Opportunities

June 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 16 97.1%

Overall Employee Satisfaction

June 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 05 97.7%
  • Moelis & Company 01 97.1%

Professional Growth Opportunities

June 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 05 97.1%

Total Avg Compensation

June 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (92) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (206) $159
  • Intern/Summer Analyst (148) $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
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
DrApeman's picture
DrApeman
98.8
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...”