I have an offer from Deutsche Bank for their investment banking generalist program. I am being told that the Bank is going downhill fast (look at the news recently) — should I be concerned about this? Is their reputation tarnished? I just want to be at a good Bank w strong exit ops. What is going on with DB!
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Also should I take it?
Check out a recent thread on this topic with a lot of discussion.
https://www.wallstreetoasis.com/forums/deutsche-bank-offer
My advice - if you don't have an exploding offer - shop around if you aren't in love with DB as a bank.
Push for other opps. Taking the offer should be a last resort.
If I do not get another offer, would I be crazy and or stupid to turn it down?
Like can I go to a mf from db or no?
Also, if you are going to turn it down as a last resort, what are you going to do for the summer, sit at home?
No....roll the dice and talk to more banks. I have 10 days to sign and renegging looks bad. Therefore, if the other banks won’t accelerate me, and I want to be ethical, I have to decline DB and hope I get another offer.
No....roll the dice and talk to more banks. I have 10 days to sign and renegging looks bad. Therefore, if the other banks won’t accelerate me, I have to decline DB and hope I get another offer. I’m tryna gauge whether I’d be crazy to turn it down in that situation uk?
Do you think it is ethical for a bank that is doing layoffs to give 10 day exploding (coercive) offers to 19-20 year old sophomores this early in the process? What about if this same bank continues to decline and in 13 months it rescinds some of these offers? I understand why DB is doing this, and they should also understand when people renege for better offers later on. This is the game they are choosing to play.
if you renege and DB exits US IB, did you really renege?
Reneging burns a ton of bridges, makes you and your school look bad, and is a generally shitty thing to do. But, DB "reneged" on its whole Houston office. It's a toss up.
Accept and keep recruiting. Renege if you get something better.
Isn’t renegging really bad? Idk my school keeps saying that but DB is putting me in a tough spot
It's not great, but on the other hand the DB 2018 Houston SAs didn't get a chance to reneg, because DB closed the office and pulled their offers about a month before their start date.
You honestly should be fine. DB is still respected by actual Wall Street bankers, and analysts still exit to PE. If DB IBD collapses, I'm sure you could lateral to another bank or the heads of the groups may take you along to wherever they're going.
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