DB Healthcare Team
How is DB's healthcare team as a spot to start your career? Anyone have insight into deal flow, workload/hours, compensation bands, exit ops, etc;
Really like the people I've met there
How is DB's healthcare team as a spot to start your career? Anyone have insight into deal flow, workload/hours, compensation bands, exit ops, etc;
Really like the people I've met there
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Career Resources
Lost a large portion of the senior bankers 18-24 months back and have been in rebuilding mode ever since.
DB Healthcare (Originally Posted: 05/20/2010)
What are people's opinions on it? There are a few threads, but nothing that substantive.
Deal flow, exit opps, culture?
A few years ago analysts in DB HC (know this from roommate who worked at DB in another group) were fired on bonus day and given just severance, then those leftover were worked beyond comprehension (125+ hr weeks) on giant useless pitchbooks that are the standard of that group. The analysts remaining then started to quit 1 by 1 until there were less than a handful. DB desperately then called back up some of the analysts they fired to see if they could get them back, only to get a big f*ck you in response (shocking). So in terms of exit ops, most quit or change groups, but some are just fired for their hard work. It's the only group I've ever heard of that had a pitchbook so large that it wouldn't fit in the largest bound book (300+ pages). I would say try to avoid if you can.
interesting.
how easy is it to change groups? what about exits to the buyside or other banks?
also, do you know if the group is any different now? does it make any difference if joining as an associate instead of an analyst?
Changing groups I've heard is easier if you haven't been there too long, although it's hard to justify moving from one industry group to another though, probably easier to move from an industry group to a product group like m&a or ecm or lev fin in order to show that you're interested in something more specific. There are exits to the buyside as I heard of a few analysts/associates in that group that left and went to a few different places (one a pe in boston, one went to a hf in ny). I don't know how different the group is now, but i haven't seen them on any of the gigantic pharma deals in the past few years, so not sure how strong that part of the group is.
London or NYC?
nyc
fired on bonus day? way to ruin someone's year... that's just low even for DB.
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