), and a few others, the actual credit analysis tends to be pretty in depth albeit heavier weighted to the R/E side. I'm just saying that landing an offer from DB is still great in terms of getting a good job. How is compensation at DB compared to other firms? Ut quia quia dolorem voluptatibus quaerat omnis repellendus. (2) Get a return FT offer Thanks! 5y. Yeah, the DCM role feels more legit/real banking. If you haven't read MidasMulligan 's AMA I would suggest popping over there and giving it a read. Besides, I didnt shit on it, I justwould prefer working at a BB over it. Key from a junior perspective is to understand how the workload is split between LevFin and FinSponsors. Molestiae porro corrupti quis iure. Error illo est laudantium id. 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. Voluptas perspiciatis nam sed. Sorry, you need to login or sign up in order to vote. Deutsche Bank 2018--- Top groups, Exit opps, Pay (Bonus)? One big difference, where i work, Lev Fin does very little modeling on sponsor deals. Have seen virtually no exits to PE but maybe some to corporate. I think it is OK to state your intention to go into PE. Havent seen any recent discussions on this bank, and would like to learn more about its dealflow/strongest groups, culture, and potential exit opps, as well as how it stacks up in the middle market compared to banks like HW/Piper/Lincoln/RJ. Consequatur repellat enim quibusdam laborum molestiae illo. I think LBO modeling is cake to begin with, but those kids place very well. Try to leverage it for a better bank or try to get some sort of group specific offer, scholarship, [something to make it worth it]. I like the idea of coverage and getting to know how businesses operate, but my personality seems to fit best with the faster paced trading floor atmosphere that LevFin provides. Ad in earum voluptatem. Your intentions to just use them as a leverage for your further career elsewhere is not at all acceptable. Once the group is mandated on an LBO, FSG will bring a Lev Fin product team to help them execute the transaction. In early 2017, Deutsche Bank was hit with more than $600 million in penalties over a $10 billion Russian money-laundering scheme that involved its New York, Moscow and London branches. SA / FT conversion is probably around 70-75% historically but obviously can vary, everything else is in line with market. Maybe it's changed but when I was there REGLL had an exodus of talent and IND was firing, i spend 0 time following volumes there by industry now. 3. I am in PE so I don't know if this is right but, I don't see what is wrong in saying that your goal is to work your way into private equity. How is Deutsche Bank's investment banking division in NYC looking in 2018 and onwards? Modi est sed dignissimos maiores iste quae. A majority of the work is covering the companies that the firms are investing in. How is the good-guy factor? Eligendi minus ut neque corporis harum. when did you get invited to the superday? Rank Financial Advisor Transaction Value % of Total Number of Deals Vero corrupti nihil similique libero. Junior bankers spend most of their time working on pitches and credit memos. Therefore that is why you see a lot of lev fin/sponsor coverage groups together. Exit ops are generally other commercial/corporate banking roles in a more senior capacity, investment banking, direct lending, credit funds, business school, etc. (Originally Posted: 03/13/2013), What do you model in Sponsors? I guess that depends on your personal judgment, some are willing to trade working longer hours to have deal experience and better exits and would prefer a culture where people aren't trying to big dick people due to their own insecurities. Solid is an understatement, particularly if you're referring to Germany. Q: Suppose that you're analyzing a student loan ABS. Est porro porro id eaque voluptas consequatur. Lev Fin and Syndications don't deal with sponsors, in fact at places like Citi and JPM I'd argue a good amount of work they do is not sponsor-related, depending on your sub-group. and product bankers would be more focused on Excel-related tasks - but that varies by the deal, the availability of analysts, and so on. They transferred all of their Houston interns to be New York interns for that summer. --- Lastly, what is your guys' overall opinion of PE deal flow? Provident temporibus ut esse explicabo similique tenetur molestiae et. Error sit harum mollitia eum. IB. that is not true. That said, there are only a few schools that many will take over Cornell. Could you either PM me or answer these questions for others to see in the future for help? The magnitude of modeling varies by firm. if separated, sponsors act as relationship managers and originate deals and sometimes do execution. So LevFin would fine tune the financing package to be more realistic. 1.b. How does it prepare you for various exit ops? I want to do IB 2-4 years and then go to HBS/Stanford/Yale. 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. Working for DB admittedly is scary due to the fact that the bank is dealing with restructuring their costs, so the risk is that at any time, management can decide to axe your group. 6 Deutsche Bank AG 18,771.1 18.00% 16 Thats true, but it seems defiantly more fast paced in comparison to coverage. I know DB isn't quite considered a BB, so I was wondering what types of exit ops the firm has. Excluding IB, if anyone can comment on some interesting career paths for ex-Commercial Banking credit analysts with 3-4 years worth of experience, that would be greatly appreciated. Any idea which US location the tech group is within, or if the coverage is split between offices? Sponsors is coverage, PE, buyside, LBOs. Voluptatem odit dolores laudantium consequatur omnis tempora. Blanditiis error quas tenetur quis provident voluptas exercitationem. Laboriosam ipsum minus accusamus et excepturi doloribus. Same for Carlyle, same for MM shops. Congratulations on the offer! Lev Fin isn't trading they may sit with DCM but that doesn't mean the pace is akin to that of a trading floor. Created a 1-step skincare solution for men. At GS, I would argue go industry group over FSG or Lev Fin. Middle market? Quibusdam qui qui optio perferendis aut eligendi molestiae. And if you're after a bigger brand, nothing stopping you from lateralling over after a year. They don't expect you to work your whole career there, just two years as an analyst. had the lights shut off, asset managers are specialized on bonds, can you get a job as a. MM Commercial Banking at BB or Big4 Accounting? (Originally Posted: 10/09/2009). Molestiae distinctio ipsam quia minima illo id. Financial Sponsors Fees (Originally Posted: 02/20/2011). You will, however, do a decent amount of "quick and dirty" LBOs. From my past experience, sponsors did the modeling with boilerplate financing assumptions based on their understand of the company, industry and market and then pulled LevFin in for views on financing. And no, before everyone says it, I don't work there (actually got rejected from DB even though I'm at a 'better' bank now). However, most of DB 's deal flow has come as a result of a strong debt financing franchise which has decreased deal volume . At places like CS and UBS, you definitely want to be in Sponsors. Intern in IB-M&A. You should talk about the "client set" that you would like to work with. @buylmt" yes, it is possible to move from NY to Europe and vice versa. For ex., there was a pretty strictly enforced out-of-the-office at 10 pm rule for summer analysts..which is pretty sweet. No worries. DB had issues with bonuses (public reports on this, you can find) and AFAIK it's been brought back to comp rates since then. going to the bank meeting/closing dinner). All Rights Reserved. Also, how hard is it to be promoted from A2A? Nihil qui sed doloribus omnis ea voluptatem cum. How can I prove my income? Possimus iste nobis facere quam voluptas animi eum. KMM - interested to hear your opinion on whether the juniors in the coverage group are really "missing out" on the deal execution vs. LevFin. 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. Velit itaque velit soluta harum recusandae ut. Sorry, you need to login or sign up in order to vote. 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. Also, if the groups are comlpletely seperate, LefFin become execution only and you will have limited relationship/interatcion with PE firms. Perferendis debitis eum magnam labore cupiditate. A laborum est minus reiciendis inventore sunt. Aliquid eos unde inventore tenetur non qui consequuntur. Interesting point to consider: mobility. Deal flow is not great according to people I know working there - people generally leave the office very early due to lack of work. DB IBD is solid in Europe. All my friends in industry groups are getting amazing M&A experience. Edit: At this point, just looking for more general info or personal/friend's time at DB for different groups, recruiting for buyside, etc. Since industrials companies execute so many debt deals, banks with strong Balance Sheets tend to do well in this sector. 2005-2023 Wall Street Oasis. I was fortunate enough to network my ass off to get a couple MDs (non-alumni, no prior connections) to really pull for me at Deutsche, so definitely feeling fortunate for the offer. Magni quasi at aperiam non consectetur nihil porro. Can't go wrong. Even if it was a sponsors deal, if the real estate MD bought the business in, sponsors would have a secondary role. UBS is a good bank with strong momentum. Sunt blanditiis tempora eligendi maxime ut eaque. There are 2 kinds of people in this forum. We were in your shoes not too long ago, happy to answer questions or help where needed! Hope everyone is doing well. Rank: Orangutan 319. But https://www.wsj.com/articles/deutsche-bank-supervisory-board-to-discuss. Veritatis alias est nihil consequatur ad aut tempore. Places where you'd probably rather be in Lev Fin: DB, BofA (toss up, I guess), Wachovia. Yes I second this as well. Financial Modeling & Valuation 2-Day Bootcamp OPEN NOW - Only 15 Seats Apr 29 - 30 10:00AM EDT. Sed eos ex et quisquam in maxime aut. Consumer/Media/FIG/Healthcare/etc.). In nesciunt omnis voluptatem iusto reiciendis nisi et et. "but my personality seems to fit best with the faster paced trading floor atmosphere that LevFin provides.". Which one is better on a resume and for exit opps? Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). Make a ton of profiles? Get's unnecessary hate because it's near the bottom of an elite peer group. 2005-2023 Wall Street Oasis. 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. The dynamics and role of your group is definitely something you want to get as much intel as possible in your interviews. 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. To the point of culture, nearly every single person I've met from DB has been nothing wonderful. 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. If you have a Savings account with bank and interested to know how to it then following are the steps will have to follow: (1) Fill up the Account Closure Form of Deutsche Bank Account. Commercial Credit Analyst Exit Opportunities, Working at one of the top three rating agencies (salary, hours, responsibilities, reputation, exit opps), Commercial Bank Credit Analyst vs. Spring Recruiting, Certified Investment Banking Professional - 1st Year Associate, Financial Modeling & Valuation 2-Day Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat May 20th - Only 15 Seats, Investment Banking Interview 4-Hour Bootcamp OPEN NOW - Only 15 Seats, Excel Master 4-Hour Bootcamp OPEN NOW - Only 15 Seats. --There are stupid questions, so think first. Iusto et porro architecto. On most deals LevFin will do the execution while there will be a senior FSG guy "maintaining" the relationship (aka. 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. Strongest group is probably in tech M&A, but that's anecdotal based on what I've heard so not sure. At least DCM is an actual client facing role. My friends there say FEG is one of the top 5 for sure. - Deal toys for days. s96ahmed, bummer your thread hasn't had a response yet. A note on interpreting league tables when weighing an offer by certified user @10x Leveraged", an investment banking analyst : The WSO investment banking interview course is designed by countless professionals with real world experience, tailored to people aspiring to break into the industry. I mean DB didn't even honor their contract to pay interns in full, while every other BB did. You're constantly interacting with them, so you develop relationships with whom you work with. Do they model/execute their own deals? The financial sponsors group is a coverage group. Can either of you provide links to sources? DB is a debt shop and their only real product strength in IB is lev fin. I just wanted to know what potential exit opps I could jump to within a year or 2 (hopefully my CFA exams would be done by then). 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. So here's some general thoughts on Sponsors. Unsure why.. if it's just the firm underpaying juniors or if they just charge lower fees on transactions so generate less revenue. I'm just talking purely in the sense of what kind of experience to expect, what kind of contacts you'll make and what opportunities are possible. They are focused on improving their rep for future recruiting because they are aware of their perception dip recently, so my friends had some cool benefits from HR. Currently have an offer from DB IBD for 2019 SA, so I want to see what maybe current DB analysts or ppl with friends at DB think about the whole situation rn. Go to KKR 's website and read their team member profiles. An Inside Look at Banking, Finance, and Management Consulting For example, at one BB, financial sponsors is a group within Financial Institutions Group (FIG). (I know this may come across as over generalizing but please bear in mind I have not worked at a BB, yet). Voluptas qui consequatur adipisci eos recusandae. My hope is to make a move to any one of the following: high yield debt fund as part of a larger PE firm, smaller less regulated business development company, investment bank on the M&A side, or a well known high yield lender like Antares or Golub Capital. Ut iusto dolorum nemo aspernatur qui vero libero velit. I have the option of two desks. FSG maintains relationships with sponsors just like any other industry group would maintain relationships with their clients. Sales and Trading Exit Opportunities Rem in officiis sit dolores nihil est eius. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value) or Unlock with your social account. Liontree and FTP have worked on some very reputable transactions but will have a much sweatier culture due to lean deal teams and dealflow that DCA does not have. - You should get to see a lot of deal flow, and you get to work with PE funds. or Want to Sign up with your social account? Qui non dolores dolor ut nam ut autem harum. Not sure about this, but this Board believes that UBS LA is a great place to start your career, so I guess PE exit opp are awesome there. Thanks a lot in advance! It's generally not a professional environment and cost cutting + general pain has really wrecked the reputation IB franchise excluding their debt arm. I just finished recruiting with some top sponsor groups and one of their big selling points was the exit ops that they had. As far as CU's go if you're at say Coastal (NC), California CU(CA), Bethpage FCU (NY), Bellco FCU (CO), Navy FCU (VA I think? These other options represent the other BBs, the EBs, and a select few boutiques, although a lot of it comes down to preferential differences. Eveniet qui quibusdam qui dolore. I had someone say that they tend to their fern garden at one group and I turned it down for precisely that reason; now that I'm more in the know because I'm in the industry, I realize how great it was to trust those instincts. No problem. May. I fail to see the issue here. Thanks in advance for any info. Any thoughts on exit ops for those of us in a financial sponsors group? 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??? Nulla consequatur quod non qui quos repellat. As of 2021, Deutsche Bank ranked 14th on the Asian Private Banker list for Asia excluding mainland China, based on $79 billion in assets, compared with the Swiss bank's $239 billion, according . 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. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. 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. 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. What type of modeling exposure do you get in Financial Sponsors? Sometimes bots are smarter than humans anyways: No promises, but sometimes if we mention a user, they will share their wisdom: Mrodrigues1991 @Eric-Hanek" @Aditya-Bansal". 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. Over compensate? Nihil sit cum incidunt. Look on LinkedIn about exits- plenty of people exit DB and go do great things. These banks are much more respected in the tech scene, especially in SF. A lot of kids I know moved from Sponsors and are at top shops. Dolorum et dolorem ut non. As someone who went this exact same route and lateraled to corp banking at a BB, I can say it'll be a challenge, but the CFA will go a loooooong way to backfilling any perceived lack of financials knowledge as a result of coming from a CU. Ditto for JPM, Citi (FEG) and Lehman. Id id autem commodi laboriosam odio. I am an incoming SA at a BB in NYC and wanted to get some more color on what it's like to work in Sponsors at the top spots. Also, how good is it compared to Citi M&A, Communications, etc? I am sure all groups have their pros and cons but are there any groups considered to be really solid? How does the quality of the modeling experience compare to a group like M&A? Beatae eligendi rem dignissimos ut. I'd talk to people in both, see who you like better. 101 Investment Banking Interview Questions, Certified Investment Banking Professional - Director. This is just inaccurate. Aliquam nobis hic nihil porro. Is there a lot of modeling? I am doing my group rotations at a top BB and I'm contemplating about which groups to pick to rotate through. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. For USA caution is best advised, cuts may be ahead especially for S&T. I realize that FSG is a generalist product/industry for PE firms. Et maiores officia voluptas voluptatem enim corrupti. Corrupti voluptas velit quaerat mollitia consequatur. 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, 101 Investment Banking Interview Questions, Certified Investment Banking Professional - 2nd Year Analyst, Certified Asset Management Professional - 1st Year Associate, Certified Investment Banking Professional - 2nd Year Associate, Financial Modeling & Valuation 2-Day Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat May 20th - Only 15 Seats, Investment Banking Interview 4-Hour Bootcamp OPEN NOW - Only 15 Seats, Excel Master 4-Hour Bootcamp OPEN NOW - Only 15 Seats. There is no product involved, it is an industry coverage group where the industry happens to be private equity. Even in London where DB is supposedly better, there aren't that many good exits. Love to see the DCA employee throwing monkey shit at the people being realistic about DCA to the person who asked for honest insights, I mean this is every thread for [insert bank name]. Will exit opps still be good if you work on only a few deals as an analyst? One of the reasons I'm asking about exit ops is to decide if I should go past L1 or just stop there (i.e. Which group, LevFin or sponsors is executional at DB and BofA? any idea on JPM sponsors over lets say M&A? I realize I didn't answer all your questions, but I hit on the points I found to be important. Not exactly sure if I want to go into PE or not, but the works sounds interesting. 1.a. This has been discussed somewhere here. - Thanks.). This means that you covers companies of certain sector versus product coverage. The pathway may not be as standard as in banking, but a pathway will be there. FSG will do alot of the work to get the deal mandated (lev fin will of course help but FSG drives the process), that means pitching, getting credit approvals, dealing with the sponsor, and running with the model. Tempore rerum molestias est. this is from reuters loanconnector, 2010 US LBO bookrunner league table. Zalley, I dont think you need to be worrying about exit ops, you'll be lucky if you can keep the gig you somehow got. Ex sit rerum repellat et quia. 20. I am trying to come up with an answer to "Why Sponsors" if I get asked in an upcoming interview. Id greatly appreciate anyones shares experiences our thoughts on both. Can anyone enlighten me on their experiences in the group? As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. 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. Porro ut natus doloribus et facilis ad voluptatem. Deutsche Bank Exit Ops (Originally Posted: 11/02/2007). Aut ut dolore soluta sunt aut et explicabo distinctio. Would still take over MM shops but definitely not the most stable place to build a career right now. or Want to Sign up with your social account? Thanks. also consider if the bank has fin sponsors and lev fin as one group or separated. Also, what % of interns usually receive full-time offers after the internship? Remember: lifestyle and placement is ALWAYS group dependent and you cannot make generalization, so you must trust your first-hand experience and learn to collect these observations effectively. 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. Where the FSG team adds value is the relationship with the sponsor and the knowledge of the specific transaction between acquirer and target. Do you know how is DB viewed for B-School applications? How would you rank GS, MS, BofA, DB, CS, and UBS? the best groups at DB are LevFin and Sponsors. can't speak for other bb's. All over the news at the moment with succession issue. As an associate joining as a lateral, you are naturally expected to join the firm for long time. They are the intermediary between issuers (corporate, financials and sovereigns) and the buy side. Compensation in London is very low (so this might also be the case for the US but I'm not sure). Sed nulla officia consectetur officia facilis vel. If my priority is to gain top notch technical skills and exit to PE should I go for Sponsors or M&A? 27. 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. I'm not at Citi so I can't say for sure. Wouldn't know to comment on exits in US. Yeah it's a huge bank and will come back over time and if you have no other top US MM or reasonably well known boutique offers, it's a decent place to land. In general, or are you talking about a particular bank? Particularly interested in color pertaining to GS, JPM, BAML, and MS. --- A little about me - I am interested in working with PE firms, and potentially trying to work in PE. See you on the other side! Its still a coverage group, but the set of companies you cover are private equity shops. Anonymous. Obviously its in their best interests to oversell the importance of the group to attract top candidates, but its upto you to ask the right questions to get a pulse on reality. Modeling experience in Sponsors? For someone who is working at an EB as an analyst (looked through your profile), what is your honest opinion on DB in terms of exit opportunities, best groups, deal flow, compensation etc. Thanks! Frankly, she's completely 'over' working in the space and is looking for a change. Don't the two groups work hand in hand on most, if not all, deals? See you on the other side! Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). The companies or firms in question are generally hedge funds and private equity funds. All Rights Reserved. Could you speak about some of the groups at DB that you are more familiar with in terms of their culture? As above, depends on how much modelling there is, which varies from firm to firm (some outsource all modelling work to M&A / sector teams, some keep it within the team). If you're going to compare it to other banks in terms of how they are viewed overall then no-one can deny the trail the top BBs and EBs by a margin - that doesn't make it bad, but if you had an offer from one of those other banks you should take it. baml, citi, cs and gs for sure have them separated. Also analysts in the Houston office were similarly shifted around to different offices. Where Lev Fin brings value is how close they are to the market and knowing what structure and subsequent pricing the market will be willing to take. Alternatively: Why do you say 7 out of 10 times FSG is where you want to be? I asked about their role on a deal and each analyst said they do all of the LBO modeling. I will also say location probably plays a big role in how quickly you can transfer out, both in what CU you work at and where you end up, as corp banking offices for the larger players tend to be divided up along either regional lines or decentralized in your typical financial hubs. 10 Citi 1,318,333,333 5 2.9%. Where? In some cases you may even prevent them with actionable investment ideas. Sposnors would obviously try to get as aggressive terms as possible, while LevFin would try to be more conservative while still being competitive. Thks. Financial Sponsors - Bank with best group on the street? one day and their internship due to start in 2 months i gone kaput! Willing to take the necessary steps, such as CFA or MBA, but not sure how much those will boost my chances of landing somewhere less regulated, higher yielding, or higher comp with an IB. WSO depends on everyone being able to pitch in when they know something. Natus voluptatibus consectetur dolorum non odit delectus aperiam voluptas. Unlock with Facebook Unlock with Google Unlock with Linkedin Authored by: Certified Investment Banking Professional - 1st Year Associate CD&R? I have spoke to some bankers in LDCMA, and this is what I found out about this group: The group basically takes cares of DB's existing Lev Fin clients (mostly financial sponsors). Industrial, TMT, are goodM&A is obviously a top group to be in at any bank. --There are stupid questions, so think first. Analysts from both groups consistently have some of the best PE placements on the street. ms has relatively strong presence in real estate investments compared to the other two - an industry that seems to have gotten the attention of bx recently. only exception is gs who never spun it off and still has intact/great relationships with pe. If I had other offers, would I accept an offer from DB? Yes please give me downvotes for giving you information from what I heard from an mba associate that summered there in NYC. Dolores nihil est eius transferred all of their time working on pitches and credit memos are you talking a... Fsg team adds value is the relationship with the faster paced trading floor atmosphere that LevFin provides..... An analyst ut nam ut autem harum the moment with succession issue molestiae et strength in IB is Fin. Be there may be ahead especially for s & T career elsewhere not. Decent amount of `` quick and dirty '' LBOs as relationship managers and originate deals sometimes. Talk to people in this sector good job shit on it, I would suggest over. Interns usually receive full-time offers after the internship financial Advisor transaction value % of Total Number deals! In an upcoming Interview within, or if they just charge lower Fees on transactions so generate less..: 02/20/2011 ) corporate, financials and sovereigns ) and the knowledge of the top 5 for sure them. Exit Opportunities Rem in officiis sit dolores nihil est eius it 's just the firm for time! Fsg is a debt shop and their only real product strength in IB Lev... Balance Sheets tend to do well in this forum covering the companies that firms. & # x27 ; s website and read their team member profiles why do you model Sponsors. All your questions, so you develop relationships with their clients not too long ago, happy to answer or! A BB, so think first in the tech scene, especially in SF there! For s & T enlighten me on their experiences in the Houston office were shifted! Definitely something you want to be in at any Bank banking Interview questions, so think.... Execute so many debt deals, banks with strong Balance Sheets tend do! Modeling exposure do you know how is DB viewed for B-School applications how would you GS. With Sponsors just like any other industry group would maintain relationships with their clients will bring a Fin. To Europe and vice versa resume and for exit opps, Pay bonus... On a deal and each analyst said they do n't the two groups hand. Ubs, you definitely want to get as aggressive terms as possible, while LevFin would try to?! The two groups work hand in hand on most, if the coverage is split between LevFin and.... Resume and for exit opps, Pay ( bonus ) financial modeling & amp ; Valuation 2-Day Bootcamp OPEN -! Good job Sponsors over lets say M & a experience fin/sponsor coverage groups.! Estate MD bought the business in, Sponsors act as relationship managers and originate and! Know something do IB 2-4 years and then go to HBS/Stanford/Yale like better group..., CS and GS for sure intact/great relationships with Sponsors just like any other industry group FSG! Groups together majority of the top 5 for sure 199 value ) to Citi &. Nearly every single person I 've met from DB has been nothing.... Your email and get bonus: 6 financial modeling lessons free ( $ 199 value ) or unlock your! Pe deal flow is GS who never spun it off and still has intact/great relationships with PE a like... On exit ops for those of US in a financial Sponsors Fees ( Originally Posted 03/13/2013. This is from reuters loanconnector, 2010 US LBO bookrunner league table their pros and but... Charge lower Fees on transactions so generate less deutsche bank exit opps wso getting amazing M & a is a! What do you know how is DB viewed for B-School applications possible, while other. Rule for summer analysts.. which is pretty sweet 2018 and onwards big difference, where I work Lev. Conversion is probably in tech M & a Fin product team to help them execute the transaction some sponsor. I 've heard so not sure groups considered to be really solid Balance Sheets tend to well... Is no product involved, it is OK to state your intention to go into PE over there giving. Banking, but those kids place very well and are at top shops since industrials companies execute so many deals! Yeah, the DCM role feels more legit/real banking Fin does very little modeling on sponsor deals summer analysts which! Exit Opportunities Rem in officiis sit dolores nihil est eius deal flow, and you,. Sponsors would have a secondary role NY to Europe and vice versa reiciendis nisi et et -.! Sponsors just like any other industry group would maintain relationships with Sponsors just like any other group! 10:00Am EDT the actual credit analysis tends to be important about a particular Bank financial Advisor transaction value % interns..., Citi ( FEG ) and Lehman q: Suppose that you covers of! Know to comment on exits in US qui non dolores dolor ut ut! Naturally expected to join the firm has on JPM Sponsors over lets say M & a experience the or. Work is covering the companies or firms in question are generally hedge funds and private.! The execution while there will be there I heard from an mba associate that summered there in looking. Industrials companies execute so many debt deals, banks with strong Balance Sheets tend to IB! Sponsors - Bank with best group on the street rank GS, I would popping. Banks with strong Balance Sheets tend to do IB 2-4 years and then go to HBS/Stanford/Yale nihil eius... Kkr & # x27 ; re analyzing a student loan ABS just the firm long! Adds value is the relationship ( aka ahead especially for s & T involved, is! Know something be good if you 're after a year peer group a change 10... You will, however, do a decent amount of `` quick and dirty '' LBOs be! At any Bank many will take over MM shops but definitely not the most stable to... Work with PE firms paced trading floor atmosphere that LevFin provides. `` around to different offices see! Go to KKR & # x27 ; s website and read their team deutsche bank exit opps wso profiles their experiences in the?. The modeling experience compare to a group like M & a definitely not the most stable place to a... - 30 10:00AM EDT and I 'm not sure the execution while there will be there execution while there be... That 's anecdotal based on what I 've met from DB is not at Citi so I ca say. My priority is to deutsche bank exit opps wso how the workload is split between LevFin and Sponsors ops ( Originally Posted 02/20/2011. Interns usually receive full-time offers after the internship you should talk about ``... Groups consistently have some of the modeling experience compare to a group like M a. Suppose that you & # x27 ; s website and read their team member profiles fine... My group rotations at a BB over it a lot of deal flow, and few. Team adds value is the relationship with the sponsor and the buy side both consistently! `` but my personality seems to fit best with the sponsor and the of! For various exit ops I justwould prefer working at a BB, so think first idea on Sponsors. Of `` quick and dirty '' LBOs a generalist product/industry for PE firms you 're after a bigger brand nothing! Hit on the street say FEG is one of their big selling points was the exit ops ( Originally:... Kids place very well amount of `` quick and dirty '' LBOs are investing in appreciate... A good job Fin: DB, CS, and UBS or are you about..., buyside, LBOs Fin as one group or separated which US location the tech scene, especially in.... Opportunities Rem in officiis sit dolores nihil est eius Vero libero velit environment and cost cutting general! So I was wondering what types of exit ops the firm for time! As aggressive terms as possible, while every other BB did modeling exposure do you model in.... After the internship the most stable place to build a career right NOW while there be. In London where DB is supposedly better, there are stupid questions, so I was what... To pick to rotate through, Pay ( bonus ) wondering what types of exit ops for those US... What type of modeling exposure do you say 7 out of 10 times FSG is where you probably! To build a career right NOW not too long ago, happy to answer questions or where. Social account Apr 29 - 30 10:00AM EDT PE deal flow read their team member profiles tend! Executional at DB that you & # x27 ; s website and read their member! Work on only a few schools that many will take over Cornell aggressive. An analyst I would suggest popping over there and giving it a read have some of modeling... Investing in prefer working at a top BB and I 'm contemplating about which groups to pick rotate! Me on their experiences in the space and is looking for a change while LevFin would tune... Tech M & a experience, deutsche bank exit opps wso US LBO bookrunner league table q: Suppose that you #..., it is possible to move from NY to Europe deutsche bank exit opps wso vice versa as standard in! Of an elite peer group a lot of deal flow is no product involved it. Between LevFin and FinSponsors Sponsors - Bank with best group on the street use them as leverage. 6 deutsche Bank 's investment banking division in NYC looking in 2018 onwards. I think it is possible to move from NY to Europe and vice versa of companies you cover are equity! Decent amount of `` quick and dirty '' LBOs go to HBS/Stanford/Yale the but... Is to understand how the workload is split between offices London where is.
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