Deutsche Bank FT Offer — Would You Take It?
Let's assume that you just received a FT offer in your favorite group at DB. Regarding recent news, would you take it or no?
Let's assume that you just received a FT offer in your favorite group at DB. Regarding recent news, would you take it or no?
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Well it’s better than no offer
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I can't speak for IB, but in my experience jumping into a chaotic environment can create opportunities for you to stand out and take on responsibility.
Okay bud - This isn't an interview.
Not sure why Maximum Leverage is getting silver bananas for that reply...wicked awesome is 100% onto something. And speaking directly to IB, a chaotic environment greatly increases the opportunity to stand out. Head of group will be trying to put out fires and other seniors will be trying to focus heavily on their pipelines to get deals in the door or chances at bat. Everyone at the junior level is working up (more than usual) and the amount of experience/reps can be invaluable to your career trajectory. Plus if you make it out of the chaos it's a hell of a story to tell!
Almost 100% not the case.
Upside: you perform well and are not rewarded. Almost any FI going through turmoil implements a hiring freeze (preventing any early promotions).
Likely Scenario: get laid off/fired for something out of your control.
Downside: you perform terribly and are fired/laid off.
But hey, what do I know? Go accept a role at DB. Good Luck :)
My friend was working there in London office and said that the atmosphere is terrible, but she got 30-40k pounds bonus with "I hope you wont leave us".
She left a few weeks later
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2nd year I think. But honestly she said numerous stories about toxic ppl
I wouldn't join if the offer was for S&T, even if i didn't have another offer on the table. I would probably apply for a Masters and go for a second roll of the dice on FT recruiting instead. Not worth the uncertainty and risk of losing my job as a first year analyst, especially given the weakness in the current hiring environment.
For other divisions, it might be worth joining if you have nothing else. It also depends on which city. The situation in NY is of course different to London or Frankfurt. I know for sure in London they still receive comparable dealflow to the likes of Barclays and CS, although we'll have to see whether this is sustainable.
In IBD it looks like DB is going the way of UBS and will probably stabilise at a similar level of revenue / prestige / dealflow that UBS currently has.
so.... let's say you did and are in one of the groups that are being downsized like crazy. What do you think the environment will be like? Will they put this person in another group or will they just fire you?
No idea, a lot depends on how much they are downsizing and whether there is capacity for new analysts in other teams. If you are in this situation yourself then good luck to you.
I would consider the offer and the opportunity, investigate on my role and why they're hiring me and so on. I believe if a company is hiring probably the situation could be worse. And sometimes a smaller team could be better than a huge one in which your contribution is like a drop in the sea...
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