Deutsche Bank - How is analyst compensation?
Does DB give interns and analysts nice perks? How is analyst compensation?
Everyone talks about GS and others, but DB doesn't get mentioned much. Any thoughts on Deutsche Bank?
DB paid hourly up until this year. I couldn't think of any better way to spend Senior year; than racking up >$20,000 from a summer internship and having a job offer in my back pocket.
Does anyone know of any other banks that still pay hourly? I heard Wachovia might still, but can anyone confirm?
DB still pays hourly just they do it in some really odd way that you cant make more than 15k for the summer..... Perks wise.... meals if u stay after 7 and on weekends.... cars to go home at 9.... they pay for their events which are usually dinner and drinks.... not to mention your co-workers are laid back, smart, and fun.
Id imagine the perks are similar at other firms, but wouldnt know and culture usually only differs slightly from firm to firm.
Does suck that DB doesnt pay time and a half overtime, but I am sort of glad because i cant see that being good for any bank to do. Paying a summer intern 20+ k to as much as high 30s for a summer internship is ridiculous lol. Its awesome some kids got that, but I havent heard any other firms having that type of situation.
the front office summer interns at deutsche in singapore only get like 1500 singapore dollars per month... no extra money for doing overtime... sigh :(
what about blackberry? do interns get one too?
no
One kid I know made 40 g's last summer at DB.
I assume Keebler is joking... Anyone else know any specifics about analyst life at DB?
He might not be joking. You can do the math. At $28.85 per normal hours and 1.5x for every hour over 40, its not inconceivable to hit 40k (maybe it is, I didnt do the math yet). My friend hit 30k last summer and he only averaged 80 hours a week.
I am not joking. Think European travel for weeks, where you're reimbursed for the full 24 hours a day, each day that you're travelling.
I also know a student from my school that made around 40k for the summer at DB
are u talkin bout DB in the US or also in Europe? I heard that DB is only paying 1k per month....
any comments on this?
1k per month? Umm.. no way unless they stopped outsourcing janitorial services.
Granted it was 2 years ago when all of my buddies were going through summer internships, but a small "relocation bonus" and a pro-rated salary was the standard (think 1.2k/week or so)
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