German IBD Offer Selection: DB vs BofA
Hi all,
Anyone familiar with the Frankfurt IB market could provide some insights for these two banks? I have received FT offers from both and struggling with the final decision.
- I got an exotic background. The question mark is hanging over whether a non-native could fit into the team. I know well about the typical German characteristics, have lowered expectations of perfect integration but still worried about being treated as a diversity KPI.
- DB seems to have more comprehensive admin support for its employees as FFM in the HQ. Does it matter a lot?
- BofA provides a relocation chance after Analyst level, for DB profiles from LinkedIn seem not common.
- My ideal plan is to move to London, preferably consumer funds in 3-5 yrs.
Much appreciate it if any veteran could provide some outsider-in views, e.g. exit chance/culture/reputation/deal exposure.
Danke schön!
Could you share your profile?
German target school + 1 MM internship + 1 BB internship
I suggest you have a chat with former interns/analysts to get some actual insights on culture. I would never go for DB if I’d have another decent BB offer, simply because of the reputational risk, would give me headaches and second-thoughts but that’s my view
I have no input, but let me know how it goes! I am looking at getting into IB in the Frankfurt area in the near future.
These are both very respected names that don't give each other much. Bofa is of course more respected internationally. However, you should not forget that it is Deutsche Bank's home market, and they are of course really strong in Frankfurt. There may not be a chance to transfer internally but what's to stop you from finding a new job in London as an A2A.
I would go by sympathy and gut feeling. And don't worry about your background. With two BB offers, you can't be too bad, and you're probably not there just for a quota.
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