BarCap v. Deutsche Help!

Okay so I'm a Junior with 2 SA offers for this summer.

1.) Summer Finance Analyst at Barcap 2.) Summer GTB Analyst at Deutsche

I've done a lot of research and I see how one is more MO and one is more client-focused, but what I really want to know is which one is my best option?!?!?

In the long term I'm hoping to land a job out of my non-target school at a great bank like one of these, work there for a few years, get my MBA at a great (hopefully target) school and make my way into what I really want to do---> aka M&A or PE.

However, I drastically need some advice from all of you knowledgeable primates out there.

Best exit ops/internal mobility?

So... help?

13 Comments
 

Congrats on the offer! I'd probably say Barcap's culture is a lot more collegial, because a lot of Lehman folk are there. I'm sure DB is great as well, though I know a lot less about it.

When did you have your superday and when did you hear back about it?

 
Best Response

In my eyes, Barclay's, Credit Suisse and Deutsche Bank are on the same tier in terms of prestige, stability and exit opportunities. The differences are almost inconsequential. Given your situation, you need to make the decision based on fit and the people. Which group do you feel a stronger connection with? With whom can you see yourself enjoying your next two years with? Are there alums and/or people with similar backgrounds you can look up to and lean on for mentorship?

Answer yourself those questions and know to follow your heart.

If you truly think both firms are equal from a personal standpoint, I would personally advise you choose DB. Globally, DB has always had stronger dealflow than BarCap/Lehman. Although BarCap is stronger in the US, DB is leads dealflow in Europe and Asia. As a result, the firm has also been more stable and growing with momentum during the past few years. My friends at DB seem to be happier people and they experience fewer layoffs / mass firings overall. Lastly, DB tends to have some very powerful groups in the sectors I know pretty well, LevFin and Real Estate.

 

BarCap in US. Deutsche in Europe.

You know you've been working too hard when you stop dreaming about bottles of champagne and hordes of naked women, and start dreaming about conditional formatting and circular references.
 

not a question in the US. BarCap. It has better deal flow, better culture (from what I've heard from analyst friends at both). With former Lehman bankers, Barclays has a better North American footprint. If you're in the US, DB's dealflow in Europe and Asia is largely irrelevant.

 

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