Megathread discussion for Deutsche Bank 2020 SA.
How are the cutbacks going to affect 2020 SA recruiting? Read WSJ acticles https://www.wsj.com/articles/deutsche-bank-ceo-signals-more-cuts-to-investment-bank-11558604013
https://www.wsj.com/articles/deutsche-bank-u-s-operations-chief-to-leave-bank-11559678106
| +326 | UBS Tech MD hires Son (from no-name college) as an Intern | 57 | 15h |
| +243 | Evercore Intern Seizure | 38 | 2h |
| +90 | [Official] 2026 IB Analyst Bonus Megathread (with 2025 Consolidated Pay and Perks/Benefits) | 12 | 2d |
| +55 | Is DCM actually underrated ? | 21 | 14h |
| +54 | JPM M&A is Gone??? Purely Coverage Banking??? | 22 | 5h |
| +46 | Are all Tech / TMT groups sweaty? | 33 | 1d |
| +40 | Losing my personality in Banking | 6 | 4h |
| +39 | Am I behind? 31 Year Old Analyst | 9 | 1d |
| +38 | Associate & Above IB exits | 16 | 2d |
| +31 | Incoming IB Analyst: Best Ways to Prepare? | 8 | 2d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Hi ch2intl, any of these discussions helpful:
I hope those threads give you a bit more insight.
More news about decline of Deutsch Bank. Anyone have experience applying this year? https://www.wsj.com/articles/deutsche-bank-has-proposed-replacing-ameri…</a">https://www.wsj.com/articles/deutsche-bank-has-proposed-replacing-[amer…](https://www.wsj.com/articles/deutsche-bank-has-proposed-replacing-ameri…)
I applied I think in April. Have a superday scheduled in August.
Did you apply under the Corporate Finance and Investment Bank Application or is there another application?
I applied under that one.
There was a Superday back in April. From what I hear, the next Superday is in August
Anyone know where to find the Corp/Investment Banking app for the US? Not on the website
Wondering the same thing.
I see applications for corporate finance and corporate banking but no investment banking.
DB's Corporate Finance is Investment Banking
Can confirm application for IB groups is the Corp Fin, I applied this past weekend and have still heard nothing back yet...also regarding the cutbacks, my contacts at DB have informed me that for the time being ignore all the noise surrounding DB, all the cutbacks are in regards to the S&T division (particularly equities, fixed income desks doing a little better) so there should be no immediate cause for concern in regards to IB cutbacks. That being said, contacts at other banks have said regardless you may want to look into other options because the negative press could impact DB reputation/deal flow so may not be the best option at the moment. Will let you know if I hear anything else, hope this helped a little
It's already impacting deal flow. The vultures have been circling DB senior bankers for some time and are accelerating their aggressiveness.
Anyone know when superday invites get sent out?
I go to a target. First rounds are next week
As in first rounds given out next week or occur next week? I still haven't heard back anything and I go to one of the core schools for DB NY
It said the first rounds are gonna be phone screens with an alumn. Then Superdays in August
Does anybody see the sales and trading application on their website for the US? Is it under global markets?
someone wanna break the news to him or should i
HAHAHAHAHA
Oh boy
Just break it to me. Deutsche bank S&T doing cuts anyway so seems kinda iffy
Cuts? They're getting rid of the division completely
Thought that's just equities?
That may be but doubt that they will be hiring interns next year
heard from a VP they're still debating whether or not there will be a 2020 securities intern class. Pour one out for the homies
.
Just signed an offer for ER 2020. Wish me luck!
Are we only allowed to apply to one office? As in can I apply for Corporate Finance in NY, Chicago, and SF?
Got a call today about Corp fun
Did you network?
No networking, non target.
Just got invited to a 1st round/ super day next week. I applied early July, and this is the first time I have been in contact with them since applying. 1 interview at office on tuesday, and then upon invite, a final round interview the next day. Would love to know if anyone has heard anything about Deutsche Bank outlook based on recent news.
You must be local?
I'm from the west coast and they had me do that for an interview a while back.
im from the NYC area but the invite said interview times will be held all day and if you are from within 1hr of NYC you should sign up between 9am and 11am. they also included a link for booking plane tickets. So i don't think its something just for local people
Anyone have thoughts on tmt/tech?
For those who had the superday on 8/14 and 8/16, have any of you heard back yet?
Not yet. I heard offers will be either today or Monday.
I had super day today (8/16) and got a call around 7pm from my interviewer extending me an offer
Same here
you guys gonna take? What group? What do you guys think about DB rn
I have another BB super day coming up so I’m going to hold off accepting until after that if possible. If not I’m going to take it. From what I’ve heard, the restructuring is a good thing, and a lot of the news articles are grossly inaccurate. For example DB is not making cuts to the IB program, they’re actually putting all of the capital that was but towards s&t into the IB program. My interviewer told me their IB team is the banks top money making team, so their expanding it. He also said he recently left his position at an elite boutique to come to DB, fully aware that he was entering at a time of restructuring. He wouldn’t have left a top firm to come to DB if he was worried about the outlook of the bank as a whole. Hope that helps, but I wouldn’t be worried about joining
If we haven't heard anything since applying in early July are we out
From what I heard this was the final week of superdays for IB
Nope it ain't. Did you not get the DB careers email?
just applied , how long to hear back?
Is there a limit on how many apps can be submitted?
So have most people heard back from the 8/16 superday in NY?
yeah most candidates got an offer or a rejection. They told me they had put me on the wait list so at this point im waiting to see how many people accept the offer they receive and hoping that will open a spot up.
Thanks. Anyone else still not heard back like me?
In the same boat as you. Was supposed to get a follow-up call this week but nothing yet
Has anyone heard back, or are we all in the dark
All in the dark
Just got a superday invite for s&t in October although I applied back in March and didn't do any phone screens
I also received a Superday invite email. Did your email also have a link to a form about interest? I am very confused by the whole thing, is it a Superday invite or to see if you are interested in getting screened for their upcoming Superday?
No clue tbh, I already took an offer so I'm just ignoring it lol
For people who took the offer, have you heard anything else? I haven't gotten reimbursed for travel expenses either...
I haven't heard anything yet either other than a confirmation email that my signed offer letter was received.
Okay glad we're on the same page. I was just wondering what the next steps were in the process.
Those who have accepted offers, what are your thoughts about working at db at least for the summer? Seems like it’s constantly getting bashed online and in the news.
Is deutsche S&T recruiting?
People on here getting superdays
Why DB S&T? They are dying. Landing a career here is slim.
this is tough
so is the "corporate banking" coverage the same as investment banking at Deutsche Bank?
-
Does anyone know anything about their DCM group? They seem to have a good reputation/deal flow but I haven't heard anything about culture, exit opps, etc. Their recruiting seems to be delayed relative to IB as well.
-
DCM is what I'm hoping to do long term and given the opportunity between DCM, IB, and S&T I'd take DCM. Not a popular opinion/career path on this website, I know. I just like how it's an advisory role that still focuses on markets. I love macro so to me it's the best way to leverage that passion without taking on as much risk (as opposed to S&T).
Do people know how many interns they’re hiring for their summer analyst class? Were the superdays hard?
Anyone get a superday for FIC Research or have any insight on it?
hey. we are on the same boat. I did the superday today. Did you hear back yet?
Nothing yet. Might hear back today or tmrw. Keep me updated!
ER SA superday was yesterday
any update?
Nothing yet, they said to expect decisions by the end of the week. Has anyone heard anything yet?
the decision came out already.
You heard back?
Just got wait list call.
did you get it?
How good is DB sponsors?
Did anyone get an offer for FI or equity research?
Haven't talked to anybody who has. Strange...
still nothing?
Just for anyone who cares, I did my IBD superday August 16 and got an offer September 26, so there is still hope
thoughts on london db - haven't found much on it
know some pople who have done phone interviews already..very chill only behavioral Qs.
that being said. how does anyone address a question why DB? since can't really say it is "one of the leading fin. institution on the street rn"?
Global Nature of the firm. Willingness to take on deals of many sizes. Corporate values, etc.
Hope you all are staying safe and healthy. According to the new update for CorpFin, we will be placed into groups prior to the start of the internship.
Was wondering everyone's thoughts / how to best position to place into a specific group.
It doesn’t really make sense to me lol. The program is generalist, yet we will essentially be placed into groups and offers will be group specific (unless you opt to take a generalist offer and network into another group). By the looks of it, the only generalist component is the case study at the end
Where did they mention a case study?
Did they mention that offers will be group specific?
one of my concerns is what if you get placed into a group that you dont necessarily want. At the end of the day I'd be more than happy to have a job but I guess you'd have to work to stay in your group or try to network into a different group which may be difficult.
Still here and going strong. You have to love it.
Est et veniam et eos ad nihil odio. In voluptate eaque aut neque accusamus veritatis neque. Quasi officia et ut dicta tempora.
Hic dolore necessitatibus occaecati molestiae aliquid animi. Omnis reprehenderit commodi consequatur aut quia. Voluptatem non qui error. Non magni non minima eum. Veniam illo sit voluptas corrupti voluptatem eos. Assumenda mollitia ipsa temporibus voluptatibus rerum. Voluptate suscipit est consequatur aut tempore sed.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Corrupti quia aut modi non sapiente commodi voluptatem. Eos laudantium reprehenderit aut numquam iusto quia sapiente omnis.
Et sunt sunt eius ut. Explicabo accusamus sed similique dolor.
Corrupti sequi ut est deserunt alias voluptatum dicta accusantium. Sit reprehenderit harum numquam quos maxime ipsam.
Et sapiente nam et possimus ut dolores assumenda laborum. Debitis magni nobis enim unde veniam.
Vero error adipisci quis et. Veritatis sunt voluptates debitis nihil eum dolores. Rerum et sit adipisci temporibus repellat. Illum qui hic libero et.
Magnam repellendus voluptatem autem perspiciatis rerum. Aut et aut impedit. Qui alias quia quis rerum est reiciendis. Ipsam quibusdam ut aut magni.
Ipsa ut ea dolores quo omnis molestiae vel. Molestias velit praesentium tempore voluptas aliquid. Dicta alias minima beatae harum. Consequuntur repellat tenetur nostrum voluptatem aspernatur qui quibusdam.
Aut suscipit quia saepe. Explicabo perferendis corrupti fugiat ab reiciendis sequi deserunt. Minus autem eveniet illum quo et expedita. Laboriosam itaque incidunt enim laudantium optio repudiandae.
Deleniti iste similique voluptatem eos. Beatae et dolor totam recusandae voluptatem. Nobis ratione numquam alias aspernatur aut harum quia. Tempore quo fuga ut molestiae ea perferendis. Nihil debitis excepturi dolorem itaque sunt. Omnis necessitatibus optio dolor corporis minus eligendi.
Ut animi vitae nostrum repudiandae facere veniam fuga numquam. Dolorum repellat perferendis quas cupiditate perferendis iusto. Iusto labore et aut labore earum.
Voluptas at ut recusandae et commodi exercitationem expedita voluptatem. Et sit qui dolores cupiditate.