Why is it DB are getting a lot of stick recently? Seen a lot of people posting that they wouldn't want to work there?
I understand they haven't done so well recently, but why? what's caused them to suffer? and isn't their restructuring plan a sign that they're adjusting to the new economy and should do well in the future?
Surely Deutsche Bank is still a top place to work, maybe not up there with MS and GS but still strong?
| +197 | Americas M&A League Table Q2 Updated | 79 | 3h |
| +131 | Restructuring: Anti-climactic Experience | 34 | 1d |
| +102 | IB Net Worth / Savings Check | 49 | 25m |
| +91 | Woman who emptied Knicks trashcan on street then stole it was DEI exec, worked at JPMorgan Chase | 24 | 13h |
| +80 | Stop sleeping on UBS - it’s pretty good | 26 | 2h |
| +52 | 2026 VAULT PRESTIGE RANKINGS | 29 | 1d |
| +39 | AI + Financial Modelling | 12 | 1d |
| +30 | Hardest interview experiences? | 16 | 23h |
| +28 | Summer before college | 17 | 13h |
| +26 | Current State of UBS in North America | 8 | 2d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
The majority of people saying that are students who are yet to receive an offer yet think they're a shoo-in for GS TMT / MS M&A.
Bingo. Still a great bank to be at.
I heard Deutsche Bank killed Harambe....
oh no!
I am sorry for your loss.
oh no papa!
Bingo.
Very bad press recently -> bad morale -> unpleasant culture, job cuts, low bonuses, poor return offer rates (speaking from a US/NYC perspective) would be the first few things that come to mind. Still a BB, so it's got that going for it, but there are certainly legitimate reasons for it to be losing its luster for applicants. Those are definitely things to consider when choosing between DB and other decent banks (i.e. MM/boutique, since there's really no way people are going to take DB over the other BB's).
That, and the Harambe fiasco
Being hit by monkey shit only makes it more ironic
RIP Harambe
=,(
Harambe took the bullet no one else would.
It runs in the family.
I've seen more kids not get return offers at DB these last two years than at any other large bank. Also haven't heard stellar things about their culture either at several coverage groups.
What's DB's return offer rate?
currently hovering around 62% according to the WSO Company Database, but you'd have to dig into more of the recent company reviews to see the downtrend in recent yrs (if there is one, personally i have no clue)
Failing stress tests, and being European based are some fairly strong negatives at the moment.
BTW is it true that Barclays tends to have the best culture?
Can you describe best culture?
depends what you mean by best, I have a couple family friends working there, and from what they tell me they work longer hours compared to their friends at other big banks, spoke to one last week and he said he hasn't had a day off work (including weekends) since June. They also said their bonuses (not gonna say the figure) are slighly lower than their friends at other big banks but they said all this is outweighed by the team culture, they said the office banter is 10/10 and everyone just cracks jokes and they said they wouldn't wanna work anywhere else
So I guess they most likely have the funniest culture and a banter vibe but in terms of hours and pay it isn't the greatest
What is your justification for not disclosing the figure?
Among other things, it's their notional book value of $76B in derivatives.
Think you're off by a few zeros there
My bad, you're right - it's in the trillions.
Failing stress tests, horrific profitability and a huge notional derivatives exposure. Just my $0.02.
I'd add terrible senior management, a 'hodgepodge' sort of culture due to all the various acquisitions and new teams brought onboard. The derivatives time bomb is huge.
Another thing I noticed when dealing with them in London was that they seemed to have multiple groups doing very similar things and competing with each other. I'd imagine all those groups doing the same thing means excessive headcount (obviously) and couldn't be good for morale (or bonuses).
They are also pulling back bigtime everywhere (just completely closed down their Moscow investment banking office for example (and have a big scandal there as well)).
Almost certain that DB is a law firm, masquerading as an investment bank. The scandals seem to be never ending:
http://www.cnbc.com/2016/05/06/italy-prosecutor-probes-deutsche-bank-fo…
http://www.bloomberg.com/news/articles/2016-04-14/deutsche-bank-found-s…
http://www.bloomberg.com/news/articles/2016-04-13/deutsche-bank-settles…
Safe to say that the Tie-Up talks with Commerzbank didn't send a great signal for outlook either.
-
There is a question to the goodies sitting off their balance sheet (derivatives)..
And the fact that they were recently exploring a merger doesnt help either
Thank you for sharing the information.
Can someone explain what the derivatives that show up on their balance sheet are? Us balance sheets don't call out derivative balances from what I could tell.
Curious about this well
Inventore similique maxime reprehenderit eaque ut similique molestiae. Voluptatum est molestiae et. Culpa vel nostrum eligendi nostrum temporibus. Aspernatur velit earum aliquam quisquam voluptatem.
Iure doloribus sed aut. Voluptatem necessitatibus dolorum earum perferendis quod architecto. Voluptatem qui dolorum quo temporibus tenetur ipsa qui.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Sit ea illo et earum. Consectetur cum dolores dolor aut eos et necessitatibus.
Quibusdam veritatis consequuntur omnis vitae rem. Earum vel eligendi cumque debitis in quia autem fuga.
Beatae a animi nesciunt suscipit vitae nulla magni. Sunt nihil deserunt dolores quaerat sed sunt repellendus. Dolores minus debitis provident dolorem magni rerum eius. Enim totam et perferendis et.