Comments (39)

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Mar 1, 2015 - 1:58pm

That's not true all the time. For DB I don't know which teams specifically do M&A in house but DB just isn't an M&A shop in general. Its M&A dealflow for strategic deals is low for a BB and even is regularly beaten by the likes of Evercore, Greenhill, Moelis, etc. When DB is on deals, they're usually there for the financing and there's gonna be a GS/MS or EB along as the lead advisor.

DB is strong in sponsors advisory because of their balance sheet though. Does a lot of sponsors related M&A. I don't know this first hand but the M&A doesn't have the best rep for culture and the top candidates tend to go to Sponsors/LevFin with Industrials and REGAL being the stronger coverage groups.

This is all NYC btw.

Mar 17, 2016 - 3:57am

Literally a convo I had with a DB guy coming to America bout a week ago:

Me: "So what do you think, firmwide, the strongest groups are in classic product/industry groups? Not really interested in the capital market side though."
DB guy: "Well, M&A is poor in America and has been leaking fees, relatively speaking to the competition, but I think the coverage groups in America may be on the upswing?"
Me: "What particular coverage groups will do well, particularly if M&A activity is eh at the firm?"
DB: "Oh, all of them, I think America is due for a huge growth period."
Me: "How come?"
DB: "Just because we haven't been there before."
Me: "..."

So, yeah, pick M&A and go off personal clicking for your other prefs. Prob want to be networking to jump ship for FT afterwards in any case though

Mar 17, 2016 - 4:12am

The Financial Sponsors group is solid (best on street Credit Suisse + JP Morgan). Some however have told me that it's more of a relationship role as compared to a hands on modeling role. Regardless, it seems like it has great exit opportunities and it's one of the more in demand groups.

Leveraged Finance, hands down one of the best groups. It's taking more of a lead role in regards to FSG. Clients tend to like it when the group that is more actively involved with the debt side of things are the ones driving the deal.

Healthcare, TMT, Consumer are all great as well..
What your thoughts as of now? Feel free to PM me.

Mar 17, 2016 - 4:16am

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Mar 17, 2016 - 4:17am

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