BAML vs DB HK IBD
So I'm currently considering SA IBD offers from the HK offices of DB and BAML. Was wondering what the general consensus is about these two firms? Any opinions on which will provide the better work experience? I know DB is a generalist pool, so I'll get good exposure to different industries, products, and regions. But from what I've heard ML is the stronger firm in Asia? I know ML's real estate, oil & gas, and M&A are the better groups in the firm. Anybody know anything else?
Thanks guys
From my experience....
BAML >> DB in the Americas.
DB >> BAML in Asia for the moment.
really? i just took a look at the league tables for M&A AEJ and BAML is consistently higher than DB, same for equity linked offers both for 2009 and 2008 (ML was far and away #1 in terms of M&A value in '08 too)
DB IBD sucks. DB is for trading.
i hear baml is probably stronger in Asia too doood. XD
the league tables won't really differentiate your experience at the two firms. i think db has been putting a lot of effort into improving how its teams work.
1styearbanker works at BAML
so you know where to go
1styear banker - are you by any chance in the HK office of BAML?
anyone else have any input? any feedback is appreciated~
BAML has a very strong retail/consumer practice
1styearbanker: a man who has a chip on his shoulder cus he's too dumb to get into GS
1styearbanker please stfu
You'd be fine at either place. I would take DB in Asia. I would take BAML in the states.
big unit - could you elaborate a little more on why DB over ML in asia? seems that ML consistently does better in terms of deal flow/value in asia.
also, any one know which specific groups in db are particularly strong?
BAML over DB in Asia. BAML's hiring like mad (laterals) these days trying to build up a team. There is widespread skepticism about their brand though and they're only getting people from HSBC, RBS, etc.
DB is just not in the picture...deal flow is terrible.
EDIT: I have friends who summered at DB and BAML in HK and they got great FT offers. I'd say go with the people you really like.
sirbakealot - how did your friends find the ppl at DB and BAML? from what i hear DB tends to be really cut throat. can anyone have experience to back up that claim?
Thats not what I heard from my friend at DB. He/She liked the people there, but decided to take an offer from another firm.
DB ibd is pretty small in US, have a few alums there that say exit ops are not as glamorous, thus more associate promotes.
i forgot to mention that my offers are from the HK offices of DB and ML. anyone have any direct or indirect experience/knowledge of these two firms in HK?
I know people who interned at both this summer and interviewed with BAML in HK over the summer.
One of my friends actually reneged on DB for BAML because apparently DB is/was only paying 65k/yr versus street which is 70k/yr.
DB HK didn't give out many FTs last summer. I'd say their criteria in picking the right people can be very weird sometimes. I have 2 friends interned there, and they didn't enjoy the experience much.
DB HK is paying 70k with 5k signing. They are the best in DCM if you are interested in that..
Oh that may have been what it was...
Street is 10k signing.
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