Deutsche Bank TMT NYC Collapse & Hospitalization From Exhaustion
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Based on the most helpful WSO content, there isn't specific mention of a Deutsche Bank TMT NYC associate collapsing and being hospitalized due to exhaustion. However, there are multiple references to toxic work environments, overwork, and lack of care for employee well-being across various banks, including Deutsche Bank. For example:
If this incident occurred, it would align with the broader patterns of overwork and lack of accountability highlighted in WSO threads. For incoming analysts, it's crucial to research group-specific cultures and consider the potential impact on health and well-being before joining.
Sources: WSO 2022 Investment Banking Work-Conditions Survey (Part 2/3), Most toxic banks and groups (2023 update)?, WSO 2022 Investment Banking Work-Conditions Survey (Part 1/3), Bankers - A reporter with New York Magazine would like to speak to you..., My junior monkeys, want real change?
Can confirm the above. Paramedics came to pick him up to take him to the hospital in the middle of the day. Our thoughts and prayers for him.
Is it still like that?
That's going to be a steep medical bill. Hope the bank pays for it.
Thought the group has no deal flow?
Worse to work for a team with no deal flow. They'll aggressively spend time on pitch work that goes nowhere instead. At least with live deals, you'll know the learning experience is worth it.
Here before everyone blames DEI
Another bank with no plans on helping the problem incoming. Wouldn’t be surprised if they make the associate go back to work within a week and make them use vacation days too
This was a shocking scene, half of the floor was cleared for paramedics to grab him. The TMT team was sent straight home after the incident. There has to be changes.
Who was the MD responsible for the deal?
tung tung tung sahurr ahh mf
Working under a Desi MD has to be a nightmare
Striver to end all strivers
Forever convinced my hardest interviews were always with Desi or East Asian interviewers - consistently the most intense technicals and least margin for error. On the job, I’ve also found those same backgrounds often come with the highest expectations and the least patience. Being Asian (esp international) definitely complicates recruitment, but the ‘pull up the ladder after me’ mindset makes it feel even worse. It’s disappointing - there’s so much potential for mentorship that too often gets lost in projection or performance.
Since when do south asians pull up the ladder on eachother? They love having strength in numbers.
But did the deal fall apart with this juniors contributions?
I wish there was a way to more publicly shame MDs like this. Man abused his employee, and gave a bull shit "drink water" as advice? This is the same advice a school nurse gives. Even if bankers don't care, this level of abuse would bring shame in any social circle outside of finance (assuming he has friends that aren't bankers, unlikely tho)
Even if he's fired he'll land on his feet somewhere else within a year and keep abusing.
All for the sake of reliving their "good old days where we had to send decks for comments via carrier pigeon"
Don't have high hopes - there was quite a bit of abuse in other DB locations in that group and nothing happened to anyone. It is just a place where seniors do not necessarily learn
This is crazy, can’t believe this keeps happening - how many more tragedies until something changes?
I’ve heard literally nothing but terrible things about that group’s culture.
how so?
-
Terrible senior culture, seniors constantly ruining weekends in pitches and unnecessary late nights
No need to be racist
LMAO - where was this energy when the last 10 analysts/associates who died were in groups led by white guys?
Let's be realistic bro, you are just looking for stories like these so you can "rationally" justify your pre-existing hatred for different racial groups. Grow a pair of balls and take off the mask
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You’ve never been grinded by an American born banker? I may have worked in a different IB then PE industry.
Why do you cry so hard? Hahaha
Facts are not racist
Confirmed! She loves to yell at people in front of the whole team
only in USA I guess...
There have been a lot of deaths / hospitalization in the last couple of years. Why haven’t the MDs been sued personally? Perhaps they have, and we haven’t heard of it. Personal liability seems like the quickest way to change the incentive structure / change behavior. Maybe the bank would just step in to shield the MD. I can’t think of a better way to enact the quickest change—just wonder why it seems like it hasn’t been done
Prayers to the individual affected. Hope they are alright.
DB coverage groups are notorious for overworking their juniors despite lack of any real deal flow. You're up past 2-3am every night and having weekends blown up for pitches that go nowhere, just so seniors can justify their salary despite not providing any useful strategic advice to any corporates or sponsors.
What's the culture like at DB tech group?
heard TMT and tech group are actually separate but need someone to confirm
There’s a small tech group in NY and then tech in SF. They’re completely separate from M&T
Legend has the staffer keeps a jar of vaseline on his desk
Why has this thread turned into a racist bashing of Indians? Can the moderators please instil some sense of decency above? @WallStreetOasis.com
So in little over a year, industry had the BofA death, the Jefferies associate death (sure, drugs were involved there but the hours and environment def didn't help), the whole Baird story, two GS industrials guys collapsing in the same week (one Chicago, one NYC), the Greenhill and Intrepid suicides, this DB hospitalization and prob a few others I'm missing.
This industry's getting to be pretty fucked up.
Going downhill until seniors will learn that investing in tech and AI should be priority across the street lol
what happened with the GS industrials guys? Never heard of it
Heard from people in the group they had someone in NYC collapse on the floor from several 4am/5am nights in a row. Don’t have much context on the Chicago person but heard it was a similar thing around the same time. Group apparently had a team meeting shortly afterwards where they mentioned they’re finally hiring. Team’s notorious even within GS for their extreme hours and seems they’re finally doing something about it by hiring more people
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