Wondering how this group is. Seems like they're under new leadership with an internally promoted group head who made it rather fast. Has the group been doing better in recent years? How would you compare it to Jefferies or Cain Brothers?
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Jef > DB > Cain
You're not wrong, at another BB HC group and from my observations DB is definitely not as strong as most other BBs and Jefferies in Healthcare.
Do you think they're rising though? The new MD came to my school recently and hyped it up. Obviously he's biased, but I was just wondering.
In that case, do you think there’s any merit to being at Cain? SAing there next summer but I’m not wedded to it.
Such cap. Either you don’t know anything about healthcare or you’re basing this off of 10+ years ago. Jef > Cain > DB
The HCIT guy they have is pretty good. Otherwise it’s pretty crappy
Idk man. When I was there two years ago it was a shit show. Staffer was rude and sensitive - even for small matters like not thanking him for giving me a staffing. All I did was pitching, and some financing deals that we were tagged on. My MD was active per se but never led a process during my time there. Think we had six months straight without a deal announced (except for a $300mm notes issuance that yield $300k and change).
Where did you end up after that group?
What were your hours like? Saw DB IB avg'ed 70/week during the pandemic - is that true?
Still averaged this last summer with only one deal closing
DB HC is def a weak group for them and Jeff HC is one of their top groups, I would take Jeff HC over them. DB has some groups like LevFin/Sponsors/REGL(if interested in RE) that I would consider more for this choice or might pick over Jeff HC but not for DB HC.
How is the culture and hours at DB Healthcare?
Healthcare and consumer are very weak at DB. Different story if it’s industrials or levfin
Consumer is not weak, but yeah. They’re on a hiring spree in FIG and Consumer right now, they don’t care about healthcare anymore after JP took their best bankers
Used to be one of the top groups at Deutsche and Street with a p solid culture but now it's MASSIVELY struggling as there's a lack of deal flow and everyone good got poached by other banks or left. They can't retain talent and the culture really does suck now..... I think there is no comparison for this group to either Jefferies or Cain, or really any other health care group, and I would recommend avoiding it. Like others said, the rest of DB is NOT like this, and product groups tend to place well on the buyside.
Can I dm you some questions?
Yes
JEF is the best of the bunch. Thought I knew a DB healthcare banker but on second look, he is in another group so not entirely sure about them.
Have interacted with Cain bankers multiple times. Genuinely like them a lot and have a friend whose working there now. If you value culture / solid WLB, Cain Brothers may be a better fit than the other two banks.
DB is worse than UBS
DB LevFin/Sponsors has good exits and some UMM/MF exits, not sure if UBS has any group like that.
It's a true sh*itshow over there in the healthcare gorup
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