SA2020: WF vs. DB

Anonymous Monkey's picture
Anonymous Monkey

IBD at both. While DB is still a BB, given the recent news around the firm I feel as though this decision is a bit tougher. Which of the two would you all prefer for a summer 2020 internship?

Comments (25)

Controversial
Aug 5, 2019

Wells Fargo hands down. Is this even a question?

Array

    • 4
    • 5
Most Helpful
Aug 5, 2019

DB no longer a BB

    • 15
    • 1
Aug 5, 2019

This would make a good "would you rather" question

Array

    • 2
Aug 5, 2019

Truly a battle of the lesser evils

Aug 5, 2019

I know it's kinda a meme, but aren't there still pretty solid DB IB groups? No way its as bad as WF

Array

    • 2
Aug 5, 2019

DB, depending on the group still has solid deal flow from what Ive heard - mainly LevFin and TMT - so wouldn't discount it yet but definitely get the concern surrounding the bank holistically

    • 1
Aug 5, 2019

WF on the come up

    • 2
Aug 5, 2019

Depends on groups

Aug 5, 2019

Just curious, when did you apply to DB? NYC?

Aug 6, 2019

Would go with WF here just based on the risk to reward of the alternative alone.

Array

Aug 6, 2019

WF if you want to pitch and do boring loans all day, DB if you want to work on relevant M&A and do more interesting structured stuff

Array

    • 3
Aug 6, 2019
prestigewhore101:

WF if you want to pitch and do boring loans all day, DB if you want to work on relevant M&A and do more interesting structured stuff

Aug 6, 2019

The other posters are memeing. Take DB.

    • 3
    • 1
Aug 6, 2019

larry david

    • 3
Aug 6, 2019

not sure

Aug 6, 2019

I'd definitely take DB.

if you're worried about having to recruit for full time roles - I think you could spin your decision to join for SA as one where the group emphasized to you that it was eager to prove itself and bounce back from the negative news, which you thought would translate to solid deal experience since they seemed hungry.

granted im not very in tune with where WF stands at this point in time. but i would imagine that DB is a safer play and looks better on your resume should you decide you dont want to return FT.

    • 1
Aug 7, 2019

Anyone saying WF over DB gets their news from FinMemes. I don't know how you could look at league tables and say WF > DB. DB is arguably top 5 in LevFin / Sponsors while I don't think WF is even top 10 in anything.

Plus, based off another thread on WF, and stories I was told, the majority of WF IB is in Charlotte, and you get placed post-offer, so you could potentially get stuck in asset-backed finance in Charlotte. Maybe that's changed lately but that's the last I heard.

    • 3
Aug 7, 2019

Wells is very strong in lev fin

Array

Aug 7, 2019

how is tech/tmt for a SA position at DB. Looking to go into growth/vc

Array

    • 1
Aug 11, 2019

DB just lost their top TMT bankers (including global head) to Citi, so not sure if the team is on a good trajectory

https://www.wsj.com/articles/citigroup-beefs-up-in...

Array

Aug 7, 2019

I've got friends that did internships at DB this summer and they are definitely giving out full time offers.

DB and if you don't like it shop til you drop. Just GTO.

    • 1
Aug 16, 2019

Bump

Aug 18, 2019
Comment
  • Prospect in IB-M&A
Aug 28, 2019