Hi! I got two offers for the Summer 2023 Investment Banking Analyst Programs at Deustche Bank and Credit Suisse in their NYC offices. I know the experience mostly depends on what group one ends up getting in but was still wondering how you would evaluate the two in general. What are some things that I should keep in mind as I make this decision? Thank you very much.
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Both reasonably good programs, congrats! Would probably choose CS, IBD there is a bit more aggressive for market share, IMO you'd get more deal flow than deautsche. And say what you will about CS recent blunder on their private banking, it still feeds them deals from High Net Worth Individuals.
Very tough question honestly = imo. Would go based on fit.
Was Credit Suisse through their diversity program?
Yes
I personally would say Credit Suisse - stronger brand name and more deal flow (currently 9th in M&A in the US)
And CS is also 7th globally (by announced deal volume according to Dealogic)
also note that UBS / Jefferies are 10th and 8th globally and DB isn’t listed in the top 10
CS any day!
CS for sure
Despite what other people are saying to pick CS, the difference is so marginal I would go entirely based on fit and alumni representation. They’re two sides of the same coin. I wouldn’t write off DB.
Assuming fit is equal, CS is better (maybe not by a whole lot but still is). I've never seen DB in the top 10 for the M&A league table (US) while CS is almost always there. ECM I have no idea but neither is amazing and DCM, there pretty similar.
But at the end of the day, it's going to be group dependent but if we are talking about the banks as a whole, CS still has a slight edge in my opinion.
DB is far ahead in DCM, and you saying you’ve never seen DB in top 10 m&a league tables is just highlighting your inexperience
My point still stands they’re relatively very similar experiences and fit matters most here
CS by a mile lmao, idk what people above are saying about it being marginal. Exit opps from DB and CS are not marginal and there have been threads about it on this website.
If u go look at the data that guys on this website have posted, CS is the top bank outside of GS/MS/JPM for exit opps.
If u wanna be a career banker then I'd avoid, but for a 2 year analyst program CS blows DB out the water.
Source: interned at CS in top group
To the hurt DB analysts that have been giving me and everyone else that has said CS ms. Here are two screenshots that users have collected on exit opportunities. As y'all small monkey brains can see, CS has the best exit opportunities behind JPM. Maybe y'all should've studied the guides more or not been awkward in your interviews and you would've been able to get a better bank. I'll also note that even though I interned in a top CS group, I'm going to CVP/EVR/GS TMT ft. My experience at CS was awesome, and would definitely take over DB
Where is this analysis coming from
Any chance you can pm the link to this post? Looks like there is useful data, thanks
Your insecurities are screaming
Yeah I know a lot is going on with CS at the moment, but it’s still clear of DB. Definitely go with CS.
Funny this just popped out on the feed - I just left DB (West Coast office) to lateral to a top BB (GS/MS/JPM), in my honest opinion you should probably be considering CS at the moment.
How's the deal flow at DB SF?
Difference is marginal. Bonus is better at DB, I’d choose based on team/culture/fit. Also don’t take career advice from interns, esp when they are clearly biased
Lmao your title is Analyst 1, get off your high horse
Ok intern
CS over DB any day.
DB known for having shittier deal flow and pay, and gets clowned on for being the worst BB/UBS level. One of my mentors a few years ago was dating an ex-DB banker and told me to avoid it cause the experience wasn’t great.
Also, echoing the above, CS has some absolutely phenomenal groups and would give you much better post-banking placements (Sponsors and LevFin especially). I know several friends who went to MFs from CS, and several of the incoming Associates at my MF are from CS. Take this with a grain of salt as this was my personal experience, but interviewed at 2 MFs and everyone (~30 kids) was from GS/JPM/MS/CS/Barc/a few EBs. Don’t think they were interviewing DB kids.
did you see Citi?
No, I actually didn’t.
Everyone introduced themselves at some point during the day/I overheard where people were from, and they were all from the BBs I listed. Most were from top groups at those BBs (MS M&A, GS TMT, Barc Power).
lmao who are these DB interns throwing ms
Thank you everyone for sharing your thoughts/experiences. It means a lot.
Out of curiosity, let us know which one you choose.
No matter which one you choose though, you will have a bright future ahead of you.
Wishing you the best - good luck!
If you notice you’ll see that even though there seems to be a couple DB employees throwing monkey shit on all the CS comments, no one is clearly arguing in favor of DB.
It’s either CS or “depends, choose based on fit” , no one is saying clearly DB.
CS has gone through shit recently but still levels above DB especially in terms of exit opps and has some really solid groups (FSG, LFO, M&A)
Its crazy how reputation of a bank can be "ruined" in such a short time especially among younger people like us.
Credit Suisse and its not even close, that being said DB is shit on for the same reason but its also good
In my opinion DB is overhated on WSO. It is still a solid platform.
However, in this scenario I would take CS over DB. CS is a fundamentally stronger platform / brand and has been for a while now (even after recent events). The differences between the two are not “marginal.” CS definitely positions you more favorably if you’re looking to break into MF/UMM PE.
Regardless, congrats on both offers!
Well, because CS is clearly not in that tier
What tier is CS on
delete
If this isn’t a troll post lol
Not that it should be a factor, but DB has a really nice new office. Arguable one of the best in the city
You are comparing a BB to a DB (dong bracket) bank?
Did you go through diversity at Deutsche?
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