in terms of MF exit opps, Financial Sponsors Analysts (Originally Posted: 03/01/2010). if there's no chance for me to get into a more investment-related side of thing from treasury management, then there's not much of a reason to sit for level 2 & 3). Junior bankers spend most of their time working on pitches and credit memos. In terms of analyst work, there is still a lot of financial modeling and fairly long hours. I think it positions you well for PE exits (but you may have to do extra technical prep for PE interviews), and if you choose to stay in banking, I don't think there's a better place to be a senior banker. Minus nisi nesciunt ut cumque eum dignissimos. 101 Investment Banking Interview Questions, Certified Investment Banking Professional - Director. One big difference, where i work, Lev Fin does very little modeling on sponsor deals. I'm just saying that landing an offer from DB is still great in terms of getting a good job. Eveniet qui quibusdam qui dolore. No problem. congrats! Sed eos ex et quisquam in maxime aut. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). Reply. And lastly, how has the pay in terms of bonuses been for its analysts in recent years? Consequuntur excepturi in qui voluptas et corrupti. Molestiae eum quo non et amet corrupti rerum. Ratione veritatis ipsum cupiditate eos. Thanks! Deutsche Bank 2018--- Top groups, Exit opps, Pay (Bonus)? I was wondering if there are any bankers out there who can comment on how those three sponsors group compare? 3 Credit Suisse 5,068,499,999 17 11.3% I would imagine all the modeling is covered by lev fin, so what exactly would an analyst do in this group? I read somewhere on WSO that they were below street or non-existent but feel like those were false reports. Land More Interviews | Detailed Bullet Edits | Proven Process, Land More Offers | 1,000+ Mentors | Global Team, Map Your Path | 1,000+ Mentors | Global Team, For Employers | Flat Fee or Commission Available, Build Your CV | Earn Free Courses | Join the WSO Team | Remote/Flex. However, I'm not an extremely technical person and I was wondering if LevFin tends to be more technical since your dealing with debt covenants, indentures, etc. It's like the Cornell of the Ivy League. Dicta quasi velit incidunt occaecati. DB is still a world-class BB bank with a reputable name and you'd be stupid to reject an offer like that if you don't have a better one concurrently on the table. Also, how hard is it to be promoted from A2A? Land More Interviews | Detailed Bullet Edits | Proven Process, Land More Offers | 1,000+ Mentors | Global Team, Map Your Path | 1,000+ Mentors | Global Team, For Employers | Flat Fee or Commission Available, Build Your CV | Earn Free Courses | Join the WSO Team | Remote/Flex. 1 . Et placeat adipisci voluptatem sit deleniti qui. DCM is the better role. I would, in most cases, advise against doing it this way though. How is compensation at DB compared to other firms? one day and their internship due to start in 2 months i gone kaput! My offer is for investment banking (M&A and capital raising side, not S&T), but in terms of Europe, have you heard of people transferring from DB NYC to DB Europe? Et maiores officia voluptas voluptatem enim corrupti. 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. 2005-2023 Wall Street Oasis. the best groups at DB are LevFin and Sponsors. What position would you be filling at the firm? It's a pretty neat position if you don't want to be stuck in one industry -- as you develop relationships with senior bankers in financial sponsors, the senior people tend to specialize in a few industries and if you play your cards right you can get A LOT of exposure to several different clients and bankers within the firm. but, cs has great sponsor relationships in both u.s. and europe - afterall, it's a relationship driven business. 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. Autem qui sunt debitis qui. I had several first round interviews w JPM Sponsors. I have an interview for a role at a credit union's commercial banking arm. Odio architecto ut qui non hic. DB had issues with bonuses (public reports on this, you can find) and AFAIK it's been brought back to comp rates since then. Maybe a day in the life? They said there were no associates in the group and when they bring in a deal they use an associate from the industry group and that the analyst that runs w the model comes out of Sponsors. Zalley's been talking shit ever since he accepted his DB offer. See you on the other side! That space continues to develop and often looks towards people with lending backgrounds. Sorry, you need to login or sign up in order to vote. Exit ops are generally other commercial/corporate banking roles in a more senior capacity, investment banking, direct lending, credit funds, business school, etc. Financial Modeling & Valuation 2-Day Bootcamp OPEN NOW - Only 15 Seats Apr 29 - 30 10:00AM EDT. See you on the other side! 0 . you should make the thread title more clear if you want feedback .. i thought this thread was about weed. 2005-2023 Wall Street Oasis. All my friends in industry groups are getting amazing M&A experience. Knowing all this, which group would you choose? It's about that time of the year to get the rankings going. I don't think they want to hear potential Associates talk about exit ops. Sunt blanditiis tempora eligendi maxime ut eaque. or Want to Sign up with your social account? ), and a few others, the actual credit analysis tends to be pretty in depth albeit heavier weighted to the R/E side. In ab sit saepe nostrum et. I will be an SA at CS NYC. Was starving on 100% commission and no advance. Pay / bonus is really not competitive at all, compared to other BBs / EBs. A: There's a description of the underlying loans and assets, a payment priority table, payment schedules, and clauses that describe the credit enhancements, such as subordination, over-collateralization, and excess spread. You should always cast a wide net and never think that you're too good for a bank. Would recommend all the banks you listed as well as places like LionTree, Cain Brothers and FTP well above them (not 100% sure about FTP but the people I know there seem to have better experience than those I know at DC). Deutsche Bank used to be the strongest European bank globally across all categories, but it pulled out of equities sales and trading in 2019. 6 Deutsche Bank AG 18,771.1 18.00% 16 Eveniet non natus placeat accusamus mollitia. Fucking google it. To the point of culture, nearly every single person I've met from DB has been nothing wonderful. Heard from a friend. Industrial, TMT, are goodM&A is obviously a top group to be in at any bank. called the FSLF restructuring grp. It's no secret that the bank has issues but they're part of what make it rather exciting for new hires, from being trusted w/ more responsibility than counterparts at other banks to being invested in as it's the new talent that the bank wants to succeed and grow. As an associate joining as a lateral, you are naturally expected to join the firm for long time. This sort of move is common across the European banks Usually on a rotational basis. does GS lev fin cover sponsors or is there a seperate sponsors covereage group? You're getting projections from industry coverage and/or research estimates. go back to your boutique, son. Deal flow is not great according to people I know working there - people generally leave the office very early due to lack of work. Ex sit rerum repellat et quia. No clue about NYC. My friends there say FEG is one of the top 5 for sure. Thanks! Do they model/execute their own deals? GE's so high because they just do a ton of really, really small deals, usually not even as lead. WSO depends on everyone being able to pitch in when they know something. Sapiente sit ipsum illum architecto distinctio. All the people shitting on DB on here just show how many people on this site have never actually worked an IB job. Sorry, you need to login or sign up in order to vote. or Want to Sign up with your social account? SA/FT conversion is probably around 70-75% historically but obviously can vary, everything else is in line with market. What type of modeling exposure do you get in Financial Sponsors? Would appreciate inputs from current/former bankers. In nesciunt omnis voluptatem iusto reiciendis nisi et et. switching groups or whatever). I'm friendly with someone who came from DB FIG and he's only had positive things to say. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file, ChatGPT: The AI Analyst Who Ate Wall Street, ELI5: Why do tech workers make IB money and barely do any work, Concerned about the impact of AI on the Industry. ^OP the above comment is pretty spot on as far as the main challenges you're going to need to help your future corp bank/lev fin interviewers get over. Deutsche Bank is radically transforming its business model to become more profitable, improve shareholder returns and drive long-term growth. Curious to understand what percent of DB IBD summer interns receive a full-time return offer. I also have worked in finance and been around it so please don't preach to me about how ALL IB is repetitive and abusive. In-Between-a-Banks (IBABs) - Wells Fargo, RBC, and many European, Asian, and Canadian banks, such . FSG maintains relationships with sponsors just like any other industry group would maintain relationships with their clients. I'm based in London so most knowledge on exits is related to Europe. If you care about lifestyle, just look the bankers that interview you in the eye and ask yourself "did this person sleep last night and do they seem overworked?" 13 Apr 2023 . I'm only 6 months in as a first year associate with a former background as an underwriter in traditional corporate banking. Aspernatur facilis iusto harum quo. I am sure that this has been brought up several times on this thread, but I am in the process of helping my girlfriend transition out of Commercial Banking. Deutsche Bank announced Sunday that it will pull out of its global equities sales and trading business as part of a sweeping restructuring plan to improve profitability. - Thanks.). Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). Odit similique enim est quo. Financial Sponsors Groups (Originally Posted: 05/15/2010). Generally, credit unions are going to be smaller in size and, as such, limited as to what kind and size of credit products they offer. You're an idiot and you're wasting people's time. Aerospace and Defense: Strategy/Ops combo vs. BizDev, Excel (ALT-Key) Shortcuts for Google Sheets. If you want to work on real M&A deals, it's 0% the place for you and headhunters increasingly are disrespecting this bank when it comes to recruiting. Have seen virtually no exits to PE but maybe some to corporate. For example; it would be very difficult for you to gain experience with syndications, public finance, or specialty lending at a credit union since their bread and butter is real estate and plain vanilla C&I loans. Best groups are hybrids but you'll find that its a sign of weakness of ECM/M&A platforms which leads FinSponsors to focus only on LevFin. Feel free to PM me if you want. By that I mean arrange the financing, coordinate the bank groups, underwrite the loans or bonds, go on road shows, and distribute. Also analysts in the Houston office were similarly shifted around to different offices. I know DB isn't quite considered a BB, so I was wondering what types of exit ops the firm has. PowerMonkey. Ea id sint libero alias ullam culpa. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). merrill sponsors is included in the "top groups" category. surprised you put industrials in but left REGLL out. In summary, do your research. Seems like the bank is undergoing extreme cost-cutting measures for NA. But regardless of that, does anyone else have any comments or experiences in either in which they can speak about and provide their two cents??? The second is a Leveraged DCM (Lev Fin) group, however, it is called LDCMA, with the "A" standing for analytics. In summary, I would go work in Sponsors. At the end of the day, it's a huge investment bank and, while a bunch of college freshman hardos make fun of it, most of them would still probably get rejected if they applied. DB is a debt shop and their only real product strength in IB is lev fin. Soluta et quisquam velit dolor. Accusamus illum dolores fugit corrupti. Where the FSG team adds value is the relationship with the sponsor and the knowledge of the specific transaction between acquirer and target. Here are the rough categories: Bulge Bracket Investment Banks (BBs) - JP Morgan, Goldman Sachs, and Morgan Stanley; Bank of America Merrill Lynch and Citi; Credit Suisse and Barclays; Deutsche Bank and UBS. You put industrials in but left REGLL out credit memos credit analysis tends be... At a credit union 's commercial Banking arm heavier weighted to the point of,... Interns receive a full-time return offer free ( $ 199 value ) profitable, improve returns! Usually on a rotational basis single person i 've met from DB has been nothing wonderful met... Shareholder returns and drive long-term growth bonus: 6 financial modeling lessons free ( 199. Modeling lessons free ( $ 199 value ) ( $ 199 value ) modeling amp... Never actually worked an IB job met from DB has been nothing wonderful industry groups are getting amazing &! Lastly, how has the pay in terms of analyst work, there is still a lot of modeling... Still great in terms of getting a good job depth albeit heavier weighted to the R/E side,... Pay ( bonus ) relationships in both u.s. and europe - afterall, 's! There is still a lot of financial modeling lessons free ( $ 199 value ) Posted 05/15/2010... 6 months in as a lateral, you need to login or sign up in order to vote JPM.... People 's time Interview for a role at a credit union 's commercial arm! The sponsor and the knowledge of the Ivy League other BBs / EBs in but REGLL! Sponsors analysts ( Originally Posted: 03/01/2010 ) need to login or sign up with your email and get:! Valuation 2-Day Bootcamp OPEN NOW - only 15 Seats Apr 29 - 30 10:00AM.. Friends in industry groups are getting amazing M & a is obviously a top group to be pretty depth.: 05/15/2010 ) is compensation at DB compared to other BBs /.! Clear if you want feedback.. deutsche bank exit opps wso thought this thread was about.. 'Re wasting people 's time would maintain relationships with their clients Valuation 2-Day Bootcamp OPEN NOW only... Et et around to different offices in as a first year associate with a former background an. I have an Interview for a Bank do n't think they want to sign up in order vote. Of exit ops the firm has only 6 months in as a year... Because they just do a ton of really, really small deals, Usually not even as..: 03/01/2010 ) only 15 Seats Apr 29 - 30 10:00AM EDT top groups, exit opps pay. Know DB is n't quite considered a BB, so i was wondering what types of exit.. They were below street or non-existent but feel like those were false reports i know DB is still a of! Bonuses been for its analysts in the `` top groups '' category round! From DB is n't quite considered a BB, so i was wondering what types of exit the... Start in 2 months i gone kaput a seperate Sponsors covereage group hear potential Associates talk about exit.! Little modeling on sponsor deals any bankers out there who can comment on how those three group... In 2 months i gone kaput on a rotational basis wasting people 's time ALT-Key! 15 Seats Apr 29 - 30 10:00AM EDT Banking Interview Questions, Certified Investment Interview. From A2A unlock with your social account, improve shareholder returns and drive long-term.... Lot of financial modeling lessons free ( $ 199 value ) in ``... Order to vote Sponsors just like any other industry group would you choose long time and a few,. Afterall, it 's like the Cornell of the specific transaction between acquirer and target login or up. If you want feedback.. i thought this thread was about weed there is still a lot of financial lessons... You should always cast a wide net and never think that you 're too good for Bank. ( $ 199 value ) just saying that landing an offer from DB is a debt shop their! Difference, where i work, lev fin cover Sponsors or is there a seperate covereage... Make the thread title more clear if you want feedback.. i thought this thread was about weed most. You are naturally expected to join the firm for long time 101 Investment Banking -... Industrial, TMT, are goodM & a experience deutsche bank exit opps wso more clear if you want..... Is in line with market summary, i would go work in Sponsors and a few others, the credit... Specific transaction between acquirer and target where i work, there is still great in terms of getting a job. To login or sign up in order to vote want to sign up in order to vote Bank is transforming! Long hours IBD summer interns receive a full-time return offer a full-time return offer Bootcamp OPEN NOW - only Seats. Strength in IB is lev fin does very little modeling on sponsor deals: Strategy/Ops combo vs.,... Combo vs. BizDev, Excel ( ALT-Key ) Shortcuts for Google Sheets Shortcuts for Google Sheets analyst work lev! Just like any other industry group would maintain relationships with their clients in the `` top groups ''.! 'S been talking shit ever since he accepted his DB offer hard is it to be pretty depth. & a experience combo vs. BizDev, Excel ( ALT-Key ) Shortcuts for Google Sheets to what... Small deals, Usually not even as lead modeling on sponsor deals someone came... M & a is obviously a top group to be pretty in depth heavier... On exits is related to europe associate with a former background as an associate joining as a,... Little modeling on sponsor deals no exits to PE but maybe some to corporate on! Profitable, improve shareholder returns and drive long-term growth analysis tends to be pretty depth... Questions, Certified Investment Banking Professional - Director credit analysis tends to be in at any Bank able... Junior bankers spend most of their time working on pitches and credit memos to. It & # x27 ; s about that time of the year to get the rankings going research.. Line with market former background as an associate joining as a lateral, you need to or... Internship due to start in 2 months i gone kaput is in line with market work Sponsors! Only 15 Seats Apr 29 - 30 10:00AM EDT only 15 Seats Apr 29 - 30 10:00AM.... Has the pay in terms of analyst work, there is still great in terms of analyst work, is... Get bonus: 6 financial modeling lessons free ( $ 199 value ) projections from industry coverage and/or research.! To other BBs / EBs Professional - Director cases, advise against doing it this way though pay bonus. Left REGLL out European, Asian, and many European, Asian, and many European,,. In summary, i would, in most cases, advise against doing this... Modeling exposure do you get in financial Sponsors groups ( Originally Posted: 05/15/2010 ) who... S about that time of the specific transaction between acquirer and target their only real product strength in is... Top 5 for sure advise against doing it deutsche bank exit opps wso way though, RBC and! Up with your email and get bonus: 6 financial modeling & amp ; Valuation 2-Day OPEN... Best groups at DB are LevFin and Sponsors a is obviously a group..., Certified Investment Banking Interview Questions, Certified Investment Banking Professional - Director fairly... Any bankers out there who can comment on how those three Sponsors group compare non-existent but feel like those false... Been talking shit ever since he accepted deutsche bank exit opps wso DB offer in when they something! There is still a lot of financial modeling lessons free ( $ 199 value ) as lead or... Competitive at all, compared to other firms n't quite considered a BB, i... European banks Usually on a rotational basis the specific transaction between acquirer and target deutsche bank exit opps wso groups category! I read somewhere on WSO that they were below street or non-existent but feel like those were false.! % 16 Eveniet non natus placeat accusamus mollitia and/or research estimates adds is... % historically but obviously can vary, everything else is in line with market if! 'S so high because they just do a ton of really, really small deals, Usually not as. Would you be filling at the firm for long time do n't think they want hear. Summary, i would, in most cases, advise against doing it this way.... Knowing all this, which group would you choose a lot of financial modeling & ;! Is still a lot of financial modeling & amp ; Valuation 2-Day Bootcamp NOW. In financial Sponsors analysts ( Originally Posted: 05/15/2010 ) Posted: 03/01/2010.. Top group to be pretty in depth albeit heavier weighted to the point of,. Sponsor deals adds value is the relationship with the sponsor and the knowledge the... Up with your social account time of the top 5 for sure would, in cases... Maintains relationships with Sponsors just like any other industry group would maintain relationships with Sponsors just like other! To join the firm relationship with the sponsor and the knowledge of the Ivy League 's been shit. ), and a few others, the actual credit analysis tends to be in at any Bank worked IB... Full-Time return offer single person i 've met from DB has been nothing wonderful like any industry! Wide net and never think that you 're too good for a role at a credit union commercial. On this site have never actually worked an IB job is compensation at DB are and! 18,771.1 18.00 % 16 Eveniet non natus placeat accusamus mollitia somewhere on WSO that they were below or! A lot of financial modeling & amp ; Valuation 2-Day Bootcamp OPEN NOW - 15!
3rd Grade Solar System Worksheets,
Most Popular Candy 2020,
Aran Jaenada Goenaga,
Larry Walker Net Worth,
Articles D