I just received an exploding offer from DB (SA). I do not have any other offers at the moment, but have several superdays with other BBs.
If I do not want to renegotiate, should I just take this offer? I am extremeley nervous I won't get another offer. I think I would take it any other Summer, but I am very worried by the state they're in. Comments?
definitely a risk. gotta do a cost benefit analysis on your odds at other banks.
always remember that you can try to lateral at the end of summer. you're engaged to the bank, not married.
Poor advice given the current hiring climate. There's a reason people are saying to pick banks which offer the highest probability of a FT offer.
I don't have good advice to give since I don't know many people privy to Deutsche's real situation, but don't offer fucked up career advice
DB, like UBS, is still a BB and will still offer better exit ops than most banks. If you have offers from banks whose outlooks look more secure, take one of those offers, but it doesn't seem like that's the case here.
As Sil said, if you have something else take that something else. If not take the offer from DB. In my opinion it's much better to go with db and lateral if things go wrong than risking not having anything and be stuck with worse opps.
I mean DB is still a strong establishment, well recognised by the market. Just dont expect big bonuses in the short run (though some friends told me they paid market last year for juniors, its the seniors who suffered from the cost cutting)
But...but.... according to the elite people here it's GS/MS or bust!
Well no, a lot of us like Laz / EVR / HL too... In fact as long as it's not risk management I'm sure a lot of us are just fine.
Edit Someone Got their feelings hurt.
if i were to guess, its cuz u linked in HL with LAZ and EVR
As a side advice to this thread (and many others for that matter): pay attention to the advice given by Certified Users. We're actually in the business, tends to say something.
Oh and "definitely a risk. gotta do a cost benefit analysis on your odds at other banks." is piss poor advice.
Just talked to about 10 people from DB last night and they insist they're going nowhere (obviously), but pointed to liquidity being higher than ever. Germany can't allow them to fail. Also, they're highest margins are in investment banking, so economically that would be the last thing they cut as compared to their commercial side in Europe.
Plus, you are cheap labor, they aren't worried about your cost. It's the MDs and the like that they are concerned about paying.
I say take the offer unless you think you can go elsewhere.
Deutsche Bank Survey Finds Most Staff Aren't Proud to Work There (Originally Posted: 07/10/2016)
Over the last few months, Deutsche Bank hasn't had the best of times. The bank failed its stress test, CEO John Cryan began his memo regarding the Brexit with “I’m afraid,“ lots of layoffs, and more.
What a time to not be working at DB.
Source
Also, from today: "A Furious Italian Prime Minister Slams Deutsche Bank As Europe's Most Insolvent Bank"
At no point did the article say that any Deutsche Bank employees are embarrassed to put the bank's name on their resume. That is a ridiculous Dealbreaker clickbait title and you should be embarrassed to further it.
The Bloomberg article's actual title is "Deutsche Bank Survey Finds Most Staff Aren’t Proud to Work There," and predictably, what the article does say is that over half of the employees "aren't proud" to work there. That's a bad figure, sure, but it doesn't mean what Dealbreaker and you say it does. Not being proud does not equal so embarrassed you can't put it on your resume.