Got an offer from DB recently (unsure of group yet), and contemplating whether or not to go through with it. Liked the people and it's obviously a great BB firm, but just wanted to know the perception of DB and the bank going forward. How are PE exit opps and comp?
| +157 | Americas M&A League Table Q2 Updated | 68 | 16m |
| +132 | New Article: Dramatic Slide as UBS #22 (US) & New Leadership Desperately Needed | 25 | 1d |
| +67 | A COMPLETE GUIDE TO SUMMER INTERNSHIP RECRUITING | 12 | 7h |
| +62 | Restructuring: Anti-climactic Experience | 12 | 46m |
| +50 | Boutique firm wants access to my LinkedIn? | 40 | 7h |
| +46 | IB Net Worth / Savings Check | 20 | 4h |
| +36 | Investment Banking is Hard | 14 | 12h |
| +33 | Investment Banking in Mexico | 9 | 2d |
| +25 | PWP vs BofA | 21 | 2h |
| +21 | Excel macros for QOL formatting | 0 | 5d |
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.
100% dependent on your group
What are your alternatives? DB has pockets of strength but the past couple years have seen an enormous amount of turnover, low/no bonuses, and a culture that is deeply resistant to change. Those things probably won' affect you as a summer, but they're worth considering.
From what I hear, junior-level IBD bonuses weren't that bad at all (take it with grain of salt since this is coming from friends working at DB). DB sponsors/LevFin seem to provide the best exit opps from what I know, as the bank is known to be a good credit house.
LevFin is right behind BAML and JPM from what I understand. Never heard about sponsors before but if LevFin is strong, that makes sense.
Anyone have an idea about RE? I've heard from some people that it's a good group.
What are LevFin exit ops like? More Credit HFs or PE also an option?
As with everything, it is about your alternatives. If you have interviews coming up with top EBs and American BBs then maybe consider holding off. If your interviews are with MM shops or other foreign BBs, then DB is still a solid bank. You can place well coming from the stronger groups at DB and their culture is pretty amazing and very laid back.
That being said, they're in a rough patch. Going to be hard to recoup the lost market share, talent, etc. Thankfully for them, it doesn't look like any more regulatory or legal barriers at least for now. But be cognizant that it's a firm who is struggling right now and trying to regain its footing.
Again their IB division was not harmed. There has been 0 evidence of that. Every other division of the bank sure, but IB was pretty much unharmed
That's just blatantly not true. They have lost talent, they have lost market share, and people on the street are a little bit cautious about them.
Zero Evidence? How about people actually working and seeing deals, but if that's not good enough for you, go look up some historical league tables for the last decade.
Voluptatibus molestias distinctio quo odio dolores expedita dolore. Accusamus voluptatum iusto iusto id sunt aperiam. Sequi aut molestias aut sit. Minus amet excepturi sed. Nesciunt perferendis minima alias voluptas. Placeat sed corporis omnis odit molestiae nesciunt.
Eius fuga ea laudantium est qui. Eveniet quibusdam aut itaque rerum amet soluta non. Quos voluptas voluptatem eaque. Deleniti fugiat nihil reprehenderit. Numquam recusandae eos praesentium rem sed repellat. Aliquam et nostrum tempora perferendis iusto.
Minus velit aliquid est molestiae sed dolorem. Sunt ut qui vitae laudantium fuga qui voluptatem pariatur. Consequatur praesentium porro odit qui numquam ut. Quia voluptatem omnis soluta delectus.
Expedita eos vero aperiam nobis aut fugiat aut sit. Ut sequi quis aut velit. Ullam quia exercitationem numquam et. Rerum ea ut laboriosam ea quibusdam.
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...