Thought on Deutsche bank TMT (sf office) in 2019?
Is this group still good and worth taking an offer at? Culture/pay/future outlook? From my understanding the changes mostly affect ny groups and not regional coverage groups. Want insight from current banker?
To my knowledge, NY isn’t making any cuts to advisory either. It’s mainly targeted at S&T.
I know they've been expanding their software business and bringing in new MD/VPs. DB is really trying to grow their TMT group
Ive posted this before, but DB recently lost their head SF TMT guy:
https://www.wsj.com/articles/citigroup-beefs-up-investment-banking-rank…</a">WSJ
Among the highest-profile new hires is Deutsche Bank AG’s Mark Keene, who co-headed the German lender’s global technology, media and telecom team in San Francisco. He will remain based there for Citigroup and will oversee technology investment banking globally together with the bank’s Herb Yeh.
I actually know quite some people that lateraled out of the group. Good culture and very “fratty”. As you probably know, the group head left and a lot of people are moving out of the group due to the banks overall struggles. I’d advise against going there If you have other offers, given it’s deteriorating trajectory, but it’s not a bad place to be as an analyst.
So a solid place you think if no other direct offers for an internship?
Absolutely, they pay well for interns too. Take it if it’s your only offer.
DB SF is a solid house. I know a couple of full-time bankers/interns there and as the guy above said they seem to have great culture (pretty fratty), more than the other banks. It makes me a little jealous because they seem to have fun while working there and analyst class seems close to each other.
In terms of deal flow DB has always been strong with debt and their Sponsors/REGLL/LevFin groups remain top 3-5 on the Street at what they do. Nobody is concerned about job security and if you do a LinkedIn search many of them seem to exit to VCs / PE / startups, since it's Tech banking.
So DB Sponsors is a top group?
j
bump
bump
bump, also curious. How is the dealflow recently?
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