JPMorgan vs Deutsche Bank
Hello. I am in a little bit of a dilemma at the moment and would appreciate advice from some people more experienced than myself. I am a junior in college looking for a summer internship that will ideally take me into my full time Job / career when I graduate.
I currently have offers in Deutsche Bank's investment bank in New York and also an offer to do Middle Market Banking and Specialized Industries (commercial banking) at JPMorgan Chase. Here's the problem. Investment banking is what I want to do, but JPMorgan is my dream firm to work at.
Does anyone have any guidance as I make this decision? I'd appreciate any insight, thank you so much.
EDIT: also was just reached out to for an interview in Barclay's investment bank and have an offer to do IB at DC Advisory
DB NYC
Depends what you want to do.
The middle market team frequently works with the IB team on deals and operates basically as a corporate banking team for middle market companies. Exit ops are regularly MM/UMM private credit but no chance at private equity (idk abt LMM PE).
JPM has a better name outside of finance and would (possibly?) give a better pipeline to private credit.
DB would give u better odds if you wanted to do PE. If you had any thought on doing PE tho, DB would be the better choice.
deleted
Similar situation would like to hear as well
This must be a joke. DB IB obviously - tf?
I had an offer from JPM MMBSI as well
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No offence but the two aren't even close. If you want to do investment banking, then join a role in investment banking. Why bother taking a detour when you know what you want to do in the first place?
Corporate / commercial banking is nowhere similar to what you'll be doing in IB. You might work with investment bankers occasionally, but you're going to be doing very different things.
As a general FYI, there's nothing special to JPM specifically, and DB is still a very strong name in the US. The differences between working at the different BBs are much smaller than you think. If you're truly dead set on working at JPM, then start at DB and it won't be difficult to lateral after a year if you really wanted to.
DB IB
How technical was your final round with DB?
JPM better name obviously but in this case I'd go with DB IB.
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