Deutsche Bank Team

Hello everyone,

This is my first time posting here, and I was hoping to get some insights from people familiar with Deutsche Bank’s Investment Banking division.

In your experience, which sector team within DB’s M&A group is considered the strongest or most reputable?

I’m particularly interested in understanding the team culture, deal flow, and overall exposure to transactions, but any perspective would be extremely helpful.

Thanks in advance!

20 Comments
 

Based on the most helpful WSO content, Deutsche Bank's M&A group has a strong reputation in certain sectors, particularly in Germany and the broader EMEA region. Here's a breakdown of insights:

  1. Strongest Teams:

    • M&A in Germany: This is often highlighted as one of DB's strongest areas, with a terrific reputation for deal flow and execution. If you're considering working in Frankfurt, this could be a top choice.
    • REGL (Regulated Industries) and LDCM (Leveraged Debt Capital Markets): These are considered the "crown jewels" of DB, with strong deal flow and expertise.
    • Healthcare: Another sector that stands out for its strength within DB's M&A division.
  2. Deal Flow:

    • DB has historically been strong in Europe, particularly in regulated industries and sectors requiring deep local expertise. However, in the U.S., the deal flow can be more group-dependent and may not match the volume seen at top-tier U.S. banks.
    • The bank has been focusing on consolidating its operations in EMEA, which has helped it maintain a strong presence in its home region.
  3. Team Culture:

    • Culture at DB can vary significantly by team and location. In some cases, the culture has been described as intense, with long hours typical of M&A. However, certain teams, especially in Europe, are known for being collaborative and supportive.
    • In the U.S., there have been mixed reviews, with some teams facing challenges related to restructuring and reduced investment in the IB franchise.
  4. Exposure to Transactions:

    • DB's M&A teams in Europe, particularly in Germany, offer excellent exposure to high-profile transactions. Analysts and associates in these teams often gain significant experience working on complex deals, which can be a strong foundation for future career moves.

If you're considering DB, focusing on their strengths in EMEA and regulated industries could provide the best opportunities for growth and exposure. Let me know if you'd like more specific advice!

Sources: Top groups at BOFA London, What Field Are You And in What Broad Region?, What Field Are You And in What Broad Region?, Guide to LA IB Scene (2023 Edition), Thoughts on Barclays in 2020

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

For sector teams Industrials and TMT, but as mentioned above if interested in a product group LevFin is quite strong

Need to be mentioned that the hours in the named teams are considerably worse than in other teams

 

If this is London office - DB gets slandered here a lot, but i would say they have some decent teams in Europe that are active with good deal flow

  • Industrials, absolute sweatshop but well regarded
  • FIG - see them very active on some mid-market deals
  • ECM /Corporate Broking - Numis acquisition imo was smart, definitely see DB being more active across UK ECM
  • Not sure how LevFin and TMT are doing, but historically they were strong teams alongside industrials

Don't have many friends at DB, but do think they're performing fine

 

Industrials particularly strong in Services, head of the team is a real rainmaker. The rest is meh
TMT Software is also solid. The director there is killing it.
Avoid healthcare at all costs. No deal flow, bad culture

 

If you’re a summer intern - best to contact interns from last years cohort via LinkedIn, they are often willing to help and give a realistic description of the teams

 

Suscipit consequatur dolorem laboriosam. Sit atque modi voluptatem et nihil. Qui sint at accusamus unde voluptates. Dolore et quis ut similique.

Nihil dicta omnis sunt impedit quasi. Assumenda tenetur reiciendis sint voluptas.

Voluptas est consequuntur officia similique numquam. Ut laudantium voluptatem inventore. Sit adipisci ab veritatis non consequatur et fugit. In voluptas eveniet provident quis. Debitis doloremque culpa ut deserunt quibusdam. Voluptatem officiis autem ad soluta consectetur. Minus quibusdam quasi aperiam in officia.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (67) $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
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
DrApeman's picture
DrApeman
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
GameTheory's picture
GameTheory
98.9
8
dosk17's picture
dosk17
98.9
9
CompBanker's picture
CompBanker
98.9
10
Jamoldo's picture
Jamoldo
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...”