Deutsche S&T return

hi guys, i did my summer internship at deutsche bank and have a return offer. very set on rates trading which i find really interesting. i also have an ac with bnp paribas, and i wanted to ask which franchise is better out of DB and BNP?
which is better in london?
and is DB or BNP better for rates trading?

thanks everyone

6 Comments
 

Based on the most helpful WSO content:

Deutsche Bank (DB) vs. BNP Paribas (BNP) in London:

  1. Overall Strength in EMEA:

    • DB is considered incredibly strong in EMEA at the moment. The slim down of its operations in other regions has allowed it to focus more on its home region, potentially making it a strong contender in London.
  2. Specific to Rates Trading:

    • While the context does not provide specific details on rates trading, it does mention that BNP has a very large leveraged finance franchise in Europe, often ranking in the top 5 in terms of deal flow. However, this is more related to corporate deal flow rather than trading.
  3. General Reputation:

    • DB is often mentioned alongside top-tier banks like GS and MS, indicating a strong reputation in various areas of investment banking in London.

Conclusion:

  • Deutsche Bank (DB) appears to have a stronger overall presence in EMEA and London, which might translate to better opportunities and resources in rates trading.
  • BNP Paribas (BNP) has a strong leveraged finance franchise but the context does not provide specific insights into its rates trading capabilities compared to DB.

Given your interest in rates trading and the strong presence of DB in London, it might be beneficial to consider the return offer from Deutsche Bank. However, attending the assessment center (AC) with BNP Paribas could provide additional insights and a comparative perspective.

Good luck with your decision!

Sources: Investment Banking in London (EMEA) - Strongest Players, League Tables, Salaries, Differences..., Investment Banking in London (EMEA) - Strongest Players, League Tables, Salaries, Differences..., HSBC Reputation Today, BNP Paribas Investment Banking, Career Advice Question for Options/Vol Trading: Rates vs FX at BB

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

pls check me on this if have got wrong but my understanding is DB has p strong rates/FX franchise, probably more so than BNP. BNP p good for FICC, and know their equity derivs business is one of the best, but wld say DB for rates/FX

 

BNP known for equity derivs but they are actually pretty strong at swaps/govies too. Decent risk taking culture too I believe 

 

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