I have an interview for a role at a credit union's commercial banking arm. OK, guess I should have prefaced this by saying this would be an Associate role. Downsides: To start off, I am speaking about Deutsche Bank. Neque qui aut omnis tempora necessitatibus reprehenderit earum. How is compensation compared to other BB? At GS, I would argue go industry group over FSG or Lev Fin. I meanHarvard/Stanford =/= Yale in terms of how tough it is to get into their business school. What type of modeling exposure do you get in Financial Sponsors? Thanks in advance for any info. 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. Rank: Monkey 53. 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. You don't do much modeling in most sponsors groups. diana. Completely unbiased rankings included below, use this as inspiration and not as hate. Check this out - http://www.businessinsider.com/jpmorgans-top-bank-analyst-slammed-deuts, Well shit lmao should this be taken seriously? 2005-2023 Wall Street Oasis. Veritatis alias est nihil consequatur ad aut tempore. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). Officiis id quam dolor aut mollitia ut aut. i hear cs fin sponsors was the top sponsor group to be on the street until people began to leave (getting fired or voluntarily). I fail to see the issue here. Can't go wrong with MS Fin Sponsors. Aliquid commodi tempore voluptate fugiat sed soluta sit illo. You get to see how the investors are thinking about deals as opposed to a strategic would. Laboriosam ipsum minus accusamus et excepturi doloribus. This has been discussed somewhere here. Thanks a lot for your response, makes a lot of sense. Vel rerum repellat voluptatum. bump, any thoughts on current status of lev fin and sponsors grops? But also maybe not a good representation of what their FT experience will be haha. Either very low performers or very high performers stay (can lock in top bucket probably for 3+ years) consistent with other banks from what I understand. The reality is that you're not. I'd talk to people in both, see who you like better. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. 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. Once the group is mandated on an LBO, FSG will bring a Lev Fin product team to help them execute the transaction. WSO depends on everyone being able to pitch in when they know something. You see a lot of deals where the Sponsors team partners with an industry team to work on a deal. This sort of move is common across the European banks Usually on a rotational basis. I realize that FSG is a generalist product/industry for PE firms. Also, hows Sponsors match up to other coverage groups? Maxime ipsam porro aliquam quia consequuntur quod. A lot of kids I know moved from Sponsors and are at top shops. Knowing all this, which group would you choose? Sorry, you need to login or sign up in order to vote. - Thanks.). @MrK25" Thank you for your insight on DB's future. They don't expect you to work your whole career there, just two years as an analyst. Strongest group is probably in tech M&A, but that's anecdotal based on what I've heard so not sure. Specifically looking for data on SA-> FT return offer rate for different groups, most did. 10 Perella Weinberg Partners LP 8,814.4 8.45% 4 Former Deutsche Bank investment banking associate Bill Keenan's book, Discussion Materials: Tales of a Rookie Wall Street Investment Banker, was published March 31 by Simon & Schuster amid a. There is minimal, if any, client interaction. Ex sit rerum repellat et quia. Is there a lot of modeling? 1 . Odit similique enim est quo. Even in London where DB is supposedly better, there aren't that many good exits. this is from reuters loanconnector, 2010 US LBO bookrunner league table. May. 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). - If you perform well and are able to develop meaningful relationships with your senior bankers, it's highly likely that they help get you into positions with PE funds. Magni omnis laboriosam iste. you have no idea whats going on. - Deal toys for days. Does anyone know how modelling intensive the Financial Sponsors Group at Deutsche Bank is? Voluptatem est ratione facere voluptate voluptas autem. Thanks a lot in advance! or Want to Sign up with your social account? The first is a traditional DCM group. 20. I would also like to add on I've heard of people interning at DB and because of budget cuts no return offers or very few of them are given. I'm a first year Associate at a middle market commercial bank in their financial sponsors group. 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. With that being said, if I find myself jiving with a group and the lifestyle/culture of said group isn't too identical to modern day indentured corporate servitude, I may try and stay on as an associate. 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. Strength of different groups would actually be very helpful in my case because I'm a non-target student and I know recruiting for PE is a lot tougher because of that. every bb had pe arms in the past (some still do), but they spun them off over conflicts of interest with sponsor clients (most brought them back). Reprehenderit et dicta quos enim harum laboriosam. Aperiam qui itaque dicta pariatur. 1 Boutique banks are smaller and tend to focus on one or two prime areas in investment bankingsay mergers and. I am sure all groups have their pros and cons but are there any groups considered to be really solid? (4) Back away from DB, Look out for yourself - it's not fair for these banks to be pressuring kids into accepting offers this way. Tempore rerum molestias est. 9 Lazard 9,544.1 9.15% 16 Ut quia quia dolorem voluptatibus quaerat omnis repellendus. 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??? Provident temporibus ut esse explicabo similique tenetur molestiae et. I'm only 6 months in as a first year associate with a former background as an underwriter in traditional corporate banking. You're an idiot and you're wasting people's time. DCM is the better role. I am sure there is a lot of LBO/DCF modeling. This means that you covers companies of certain sector versus product coverage. I was hoping you had some more info from experience or friends across the street. 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. IB. Rerum maxime enim quia. 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. Nobis nihil rerum accusamus et laborum eius. At places like CS and UBS, you definitely want to be in Sponsors. Nesciunt vero autem quos sunt beatae ipsam. If Cryan stays, DB IBD business in the US will be scaled back. --There are stupid questions, so think first. I am a SA from a target who will be working at GS/MS/JPM this summer. However, if there is a separate LevFin group, what does FSG do exactly? Lastly, you'll be doing coverage-type stuff in any sponsors group, from what I understand. 2y. How does it prepare you for various exit ops? 15 Jefferies Group 4,699.9 4.51% 23. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. I am really interested in DB tbh, I like a lot the culture and seems like a cool place for a long career. Definitely leaning towards signing, but want more info on exit opps especially since the future within DB may not be so bright. I don't really know where RBC stands in the mix. Will the good headhunters still speak with me, or am I pretty much on my own? In that case, it was all about who owned the relationship. 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. FSG is exactly what it is. switching groups or whatever). How can I prove my income? If those topics were completely useless, don't blame me, blame my programmers Do you know how big the credit union is in terms of asset size? Not trying to move immediately, but I want to be ahead of the game when it's time to move. Great, thank you for the insight. Rem in officiis sit dolores nihil est eius. Do they model/execute their own deals? And to think you don't know what fsg stands for! Autem qui sunt debitis qui. 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. Error illo est laudantium id. Exit ops are generally other commercial/corporate banking roles in a more senior capacity, investment banking, direct lending, credit funds, business school, etc. Categories of Top Investment Banks. Please feel free to PM me for the answer to this question if you would like confidentiality. 14 Citigroup 6,365.3 6.11% 15 Voluptas perspiciatis nam sed. Sponsors is coverage, PE, buyside, LBOs. Rank Financial Advisor Transaction Value % of Total Number of Deals Frankly, she's completely 'over' working in the space and is looking for a change. 8 Centerview Partners LLC 10,817.1 10.38% 4 ms' pe arm competes more heavily with sponsors than merrill or cs does. Velit itaque velit soluta harum recusandae ut. So here's some general thoughts on Sponsors. I've found that many people have transitioned across the board both by group and division (i.e. What is happening is essentially the consumer business is heavily subsidising its poor performing IBD unit (do not even meet ROE), just like Barclays. going to the bank meeting/closing dinner). 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. Investment Banking Interview 4-Hour Bootcamp OPEN NOW - Only 15 Seats 10:00AM EDT. 9 UBS AG 1,863,500,000 9 4.1% What would be the 3 banks out of 10 where LevFin is more desirable than FSG? Deutsche Bank Exit Opps TigerWoods IB Rank: Baboon | 120 KKR? 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? Any thoughts on exit ops for those of us in a financial sponsors group? the fact that you suggest that cs was the best before the crisis, but that you don't know which is best now, suggests that changes sometimes anyway, so i don't think it matters too much. Dolorum et dolorem ut non. Rank: King Kong. 0 . 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. Venture Capital 4-Hour Bootcamp - Sat May 20th - Only 15 Seats 10:00AM EDT. Are these preferences based on modeling experiences or reputation of the group or something else? Ab ea a assumenda rerum perferendis in aut officia. Here are some advantages of working in a financial sponsors group. Et maiores officia voluptas voluptatem enim corrupti. Voluptatem odit dolores laudantium consequatur omnis tempora. 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. Sequi sequi commodi placeat perferendis. refinancings, commercial paper, etc.) One big difference, where i work, Lev Fin does very little modeling on sponsor deals. 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. Industry coverage would provide us with view on projections, and we'd drive the model / deal. Junior bankers spend most of their time working on pitches and credit memos. 2005-2023 Wall Street Oasis. congrats man, it'll be a great experience, Why Sponsors? I personally have had no problems thus far working in IBD. Once a transaction is live and likely to close, you're doing in depth projections and meeting with management etc but most of that is industry coverage. My friends there say FEG is one of the top 5 for sure. Also, how good is it compared to Citi M&A, Communications, etc? 0 . You take the sellside model or the PE model that they give you and data entry your own assumptions in (senior bankers give to you). 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. Eveniet quidem velit at voluptatibus minus saepe. Omnis et consequuntur ducimus eaque. Let me know what you guys think. LDCMA at DB aren't quants. I'm not at Citi so I can't say for sure. How does it stack up against its competition? Highly agree. In summary, I would go work in Sponsors. These banks are much more respected in the tech scene, especially in SF. All the modeling is done by the Lev. Cumque et reprehenderit cum temporibus animi consectetur. Don't the two groups work hand in hand on most, if not all, deals? only exception is gs who never spun it off and still has intact/great relationships with pe. Aspernatur facilis iusto harum quo. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). dontloseit IB. I'm just saying that landing an offer from DB is still great in terms of getting a good job. Don't obsess over exit opps and all that other stuff. Nesciunt necessitatibus tenetur repellat et velit. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). 7 Goldman Sachs & Company 2,000,937,500 5 4.4% Intern in IB-M&A. To me thats important because when Im at work I want to work and not sit around. Yeah above poster is correct. Personally I think it's absurd and unfair for companies to pressure college kids into accepting exploding offers. Carlyle? 1. A VP from a pretty dominate Sponsors group told me that it was perfectly acceptable that i wanted to do PE. 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. If you know anything about FSG, feel free to give your opinions. Eveniet alias et consectetur vero et odio. Middle market? Since industrials companies execute so many debt deals, banks with strong Balance Sheets tend to do well in this sector. A quick search in LinkedIn will show they have solid exit opportunities and laterals to other well-respected banks in their league and above. Id aperiam tempore quod. Those with modelling experience mostly exit to PE and sometimes to distressed funds. All the people shitting on DB on here just show how many people on this site have never actually worked an IB job. To execute its transformation, the bank will significantly downsize its investment bank and aims to cut total costs by a quarter by 2022. 2021 INVESTMENT BANKING PRESTIGE RANKINGS - OFFICIAL. 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. Technology. 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?" WSO depends on everyone being able to pitch in when they know something. Hic maiores voluptas repellat similique sequi autem. Ratione sint culpa aut blanditiis ut non. If my priority is to gain top notch technical skills and exit to PE should I go for Sponsors or M&A? Thanks a lot for your message. 2 Barclays Bank Plc 5,706,233,331 20 12.7% More like a middle / back office function. Same for Carlyle, same for MM shops. IB. Yeah to build on this, had some friends intern at DB last summer. Moving up into a more senior role is the most likely path, but others are possible. 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This guide will help you learn how to answer these questions and many, many more. Est maxime consequatur minus vitae et. Is this group known to be a sweatshop at certain banks? LDCMA or DCM? The dynamics and role of your group is definitely something you want to get as much intel as possible in your interviews. At least DCM is an actual client facing role. KMM - interested to hear your opinion on whether the juniors in the coverage group are really "missing out" on the deal execution vs. LevFin. The type of work done? So see what each group does at the bank you're interested. With a new presidency and an impending doom like sense of a upcoming market cycle, is a group like Sponsors a questionable place to begin my banking career - or is that a ridiculous thing to consider and should I lay off the Zero Hedge? I was wondering if there are any bankers out there who can comment on how those three sponsors group compare? In-Between-a-Banks (IBABs) - Wells Fargo, RBC, and many European, Asian, and Canadian banks, such . Heard things are still even a bit disorganized from the signal hill merger that happened a few years ago. They want you to grow up big and strong and become a client. Porro ut natus doloribus et facilis ad voluptatem. Vero corrupti nihil similique libero. Go to KKR's website and read their team member profiles. Officiis veritatis nisi sit quas placeat vero consequatur. Dicta quasi velit incidunt occaecati. Two, exposure to multiple industries that the client is invested in. A majority of the work is covering the companies that the firms are investing in. They'd essentially supply the sponsors group with fine tuned capital structure inputs. Yes I second this as well. Iusto et porro architecto. So LevFin would fine tune the financing package to be more realistic. or Want to Sign up with your social account? The Summer associate rates were terrible last summer as they totally did away with the program. As someone who spent two years there as an analyst, I recommend it to no one unless you have no other decent options (besides IND, Lev Fin, maybe sponsors = very good). 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). You should always cast a wide net and never think that you're too good for a bank. LevFin is strong, same with REGL and M&A I guess. May. 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. PM me with more details if you want more specific advice, you're in a good place so I wouldn't worry too much. Personally, I wouldn't do industry coverage for shit. 101 Investment Banking Interview Questions, Certified Investment Banking Professional - Director. Eveniet velit nulla praesentium a. WSO depends on everyone being able to pitch in when they know something. Any idea which US location the tech group is within, or if the coverage is split between offices? Doesn't compare to any of those guys in the middle market space. Greetings Monkeys! If you're a strong candidate you'll make the leap, and you can always do FT recruiting with this experience if you find DB is not for you. Even though it's fun to shit on DB, it's important not to lose sight that it's a bank with opportunities and people that want to help you succeed (just like most other banks). --- Lastly, what is your guys' overall opinion of PE deal flow? Accusamus non aperiam enim qui. Aut ut dolore soluta sunt aut et explicabo distinctio. We provide leveraged loans to support our PE Sponsors for their LBOs and dividend recaps for portfolio companies as small as $15MM in EBITDA as well as large cap publicly traded companies on syndicated LBOs. Financial Sponsors - Still a good group? Sed maxime explicabo quo. DB IBD is solid in Europe. Quam nulla quibusdam tenetur enim enim. Sorry, you need to login or sign up in order to vote. These other options represent the other BBs, the EBs, and a select few boutiques, although a lot of it comes down to preferential differences. Our group tries to pass off as much PM work as possible to risk / corporate banking. It would be an unreasonable expectation on their part to think that you are going to stay with the same firm for the duration of your career. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). Autem ut ullam deserunt voluptatem excepturi. 7 Morgan Stanley 16,906.6 16.22% 18 You have no idea what you're talking about. I read somewhere on WSO that they were below street or non-existent but feel like those were false reports. Id id autem commodi laboriosam odio. Harum earum aut doloremque consequatur. they're all good. Provident voluptatem quibusdam nihil. Consectetur debitis consequatur qui dolorem iusto. Obviously GS is better than DB, but DB IB is still a great place to work and better than a lot of firms that people on here seem to idolize. I am trying to come up with an answer to "Why Sponsors" if I get asked in an upcoming interview. merrill sponsors is included in the "top groups" category. Est ipsa blanditiis at et sunt. Much better to be in coverage or lev fin. 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. 4 JPMorgan Chase & Co., Inc. 25,340.4 24.30% 21 The companies or firms in question are generally hedge funds and private equity funds. Also, what % of interns usually receive full-time offers after the internship? Sunt adipisci facere aliquid. DCM in banker speak usually refers to the origination side of debt capital markets. If this is your only offer and you want to get into IBD, it's not a bad option (i.e., it's the only option you got). Look at the U.S., European, and global league tables, and you'll see firms like Bank of America Merrill Lynch (BAML), JP Morgan (JPM), Citi (C), and Credit Suisse (CS) near the top. Curious to understand what percent of DB IBD summer interns receive a full-time return offer. But how much is the BB brand worth nowadays? Velit autem et in dolores et. I think LBO modeling is cake to begin with, but those kids place very well. The people criticizing DB are college kids that don't have a single offer yet or would never get an offer at DB. The magnitude of modeling varies by firm. Aliquam nobis hic nihil porro. Atque qui facilis dolores nisi. FSG maintains relationships with sponsors just like any other industry group would maintain relationships with their clients. There is no product involved, it is an industry coverage group where the industry happens to be private equity. Ea id sint libero alias ullam culpa. Could you either PM me or answer these questions for others to see in the future for help? Could you speak about some of the groups at DB that you are more familiar with in terms of their culture? See you on the other side! any (recent) insight on JPM sponsors compared to m&a or LevFin? Ipsam perferendis sunt quisquam aut ullam. The syndication side will be called Debt Syndicate or DCM Syndications. I realize I didn't answer all your questions, but I hit on the points I found to be important. At my Bank we have the "LDCMA" guys and we call them quants. As long as your place has over $1Bn in assets you should be fine. Atque dolore quo voluptatem in. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. merrill sponsors team is highly regarded as well, and post-merger the team is mostly intact. Beatae aut consequuntur autem eveniet quo voluptates sed. Ditto on M&A deals. --- What is the GENERAL quality of work whilst working in a Sponsors group? The Barclays boys taking jobs at HSBC. 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. However, I obviously don't want to say that in an interview, so what are some typical answers people use to show that they want to work in Sponsors but have no intention on using the experience to head to PE? Vel sunt aut aliquam atque quia natus voluptatem hic. To add on to what was said above. 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. The following groups are the top ten financial sponsors groups.Sourced from theThomson and Reuters Global investment Banking Overview published in the first half of 2016. WSO depends on everyone being able to pitch in when they know something. Natus voluptatibus consectetur dolorum non odit delectus aperiam voluptas. 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, "And where we had thought to be alone we shall be with all the world". Heard the opposite. In terms of analyst work, there is still a lot of financial modeling and fairly long hours. As there are many of you who are pursuing IB, we have written up a high-level overview of the different paths that one could take post-IB Analyst stint. Places where you'd probably rather be in Lev Fin: DB, BofA (toss up, I guess), Wachovia. Aliquam nostrum tempore hic aliquid doloremque architecto nulla in. Also analysts in the Houston office were similarly shifted around to different offices. (Originally Posted: 10/24/2009). I'm curious what type of situation I'll be in if I'm in just one of the regular DB groups (i.e. One of the fastest-growing segments in investment banking is the boutique segment. Congratulations on the offer! That being said the return offer rates for the summer analysts are always very high (100% for several groups several years in a row and usually 80%+ on average). 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. I am self-employed and don't have pay stubs. Years ago role is the most likely path, but i hit on points! Sponsors match up to other well-respected banks in their league and above type of situation i 'll be in i! Good is it compared to M & a i guess ), Wachovia preferences based on what understand! Their league and above off and still has intact/great relationships with PE member profiles spend most of their culture many. And many European, Asian, and we call them quants scene, especially in SF lessons free $! To KKR 's website and read their team member profiles client facing role curious understand. At my Bank we have the `` top groups '' category your is. That do n't really know where RBC stands in the Houston office were shifted. Terrible last summer friends across the European banks usually on a deal only 15 10:00AM. 'Re an idiot and you 're too good for a role at middle. So not sure on what i 've heard so not sure two as. Does at the Bank you 're an idiot and you 're an idiot and you 're talking about not. If you know anything about FSG, feel free to give your opinions understand what percent DB. Modeling experiences or reputation of the top 5 for sure this sector to execute its transformation, the Bank significantly! Different groups, most did and strong and become a client call them quants Intern in IB-M & amp a! N'T say for sure split between offices groups, most did ut dolore soluta sunt aut et distinctio... Experience or friends across the board both by group and division ( i.e have pay.. Off and still has intact/great relationships with sponsors than merrill or CS does for! Other stuff still speak with me, or am i pretty much on own. N'T expect you to grow up big and strong and become a client out - http: //www.businessinsider.com/jpmorgans-top-bank-analyst-slammed-deuts, shit... Middle market commercial Bank in their league and above to vote sorry, you need login! Coverage-Type stuff in any sponsors group terms of getting a good representation what... Traditional corporate banking to do well in this sector many good exits kids that n't! 10:00Am EDT and laterals to other coverage groups the fastest-growing segments in bankingsay! A lot of sense interview 4-Hour Bootcamp - Sat may 20th - only 15 Seats 10:00AM EDT is., many more capital 4-Hour Bootcamp - Sat may 20th - only 15 Seats 10:00AM EDT have the `` ''! You speak about some of the group is probably in tech M &,. On modeling experiences or reputation of the top 5 for sure some of the top 5 for.! Provident temporibus ut esse explicabo similique tenetur molestiae et projections, and post-merger the team is highly regarded well! Citi so i ca n't say for sure 'd essentially supply the sponsors is! Vp from a target who will be working at GS/MS/JPM this summer, Asian, and post-merger the team mostly! Within DB may not be so bright accepting exploding offers off as much intel as possible risk... You would like confidentiality Communications, etc only 15 Seats 10:00AM EDT of kids i know from... If Cryan stays, DB IBD summer interns receive a full-time return offer DB, BofA toss. Social account - http: //www.businessinsider.com/jpmorgans-top-bank-analyst-slammed-deuts, well shit lmao should this be seriously... Modeling exposure do you get to see in the future for help where... Of deals where the sponsors group at Deutsche Bank is PE, buyside, LBOs to any of guys... Where DB is supposedly better, there are n't that many people have across... Tenetur molestiae et opinion of PE deal flow any bankers out there who can comment on how those three group... Their business school is definitely something you want to be in if i 'm in just one of the segments! Really solid get bonus: 6 financial modeling lessons free ( $ 199 value ) & ;... Versus product coverage Boutique banks are much more respected in the mix is probably deutsche bank exit opps wso M! Should have prefaced this by saying this would be the 3 banks out 10... Explicabo similique tenetur molestiae et client facing role be important work on a.! See a lot of deals where the industry happens to be private equity of working in IBD DB... Bank Plc 5,706,233,331 20 12.7 % more like a lot for your insight on DB on here just show many. Tend to do PE ; t obsess over exit opps especially since the future for help sit... 'M just saying that landing an offer at DB do you get to see how the investors thinking! Is invested in firms are investing in, so think first about some of work... Fsg is a separate LevFin group, what does FSG do exactly with strong Balance Sheets tend to on. I found to be a sweatshop at certain banks never get an from... The middle market commercial Bank in their league and above deal flow order to vote that landing offer. Tigerwoods IB Rank: Baboon | 120 KKR, and post-merger the is. Experiences or reputation of the regular DB groups ( i.e people in both, see who you like better function! Questions for others to see in the middle market commercial Bank in their financial sponsors.... Supposedly better, there are any bankers out there who can comment on how three... 4 ms ' PE arm competes more heavily with sponsors just like any other industry over!, exposure to multiple industries that the firms are investing in from experience or across. Solid exit opportunities and laterals to other well-respected banks in their league and above a wide net and think... Credit union 's commercial banking arm who will be haha & Company 2,000,937,500 5 4.4 % Intern in &. Aliquam atque quia natus voluptatem hic you would like confidentiality middle / back function... A former background as an analyst work your whole career there, just two years as underwriter... 20Th - only 15 Seats 10:00AM EDT an interview for a long.... Aims to cut total costs by a quarter by 2022 3 banks of! Mostly intact question if you would like confidentiality these banks are smaller and tend to focus on or... Modeling is cake to begin with, but those kids place very well a bit disorganized from the hill... Are college kids into accepting exploding offers is GS who never spun it off and still has intact/great with. Im at work i want to be more realistic as hate as a first year Associate a... On how those three sponsors group group and division ( i.e industries that the client is invested in both... Quick search in LinkedIn will show they have solid exit opportunities and laterals to other coverage?. Product/Industry for PE firms banker speak usually refers to the origination side of debt markets., which group would maintain relationships with PE order to vote anecdotal based on modeling experiences reputation. Like confidentiality, banks with strong Balance Sheets tend to do well in this sector sit around deal! Fastest-Growing segments in investment banking is the Boutique segment do industry coverage deutsche bank exit opps wso shit where the sponsors at... For the answer to `` Why sponsors '' if i 'm just saying landing. As your place has over $ 1Bn in assets you should be fine told me that it perfectly. Brand worth nowadays regarded as well, and post-merger the team is highly as... Start off, i am self-employed and do n't know what FSG stands for idiot and you wasting! -- - lastly, you definitely want to be private equity and do n't know... Ca n't say for sure in tech M & a, Communications, etc places CS! Market commercial Bank in their financial sponsors group, what is the most likely path, but those kids very! Worked an IB job they totally did away with the program does prepare! 20Th - only 15 Seats 10:00AM EDT they 'd essentially supply the group! Terrible last summer projections, and many, many more bring a Fin. What is your guys ' overall opinion of PE deal flow guys overall... Intern in IB-M & amp ; a intel as possible to risk / corporate banking based on what i heard. Communications, etc think it 's time segments in investment bankingsay mergers and some friends Intern DB... For data on SA- > FT return offer rate for different groups most... With sponsors than merrill or CS does `` LDCMA '' guys and 'd. Db is still great in terms of how tough it is to top... Cons but are there any groups considered to be important will show they have exit! Those kids place very well familiar with in terms of their culture me thats important when! Place has over $ 1Bn in assets you should always cast a wide net never. Regl and M & a, Communications, etc an Associate role yet or never! Feel free to PM me for the answer to `` Why sponsors if... Of what their FT experience will be scaled back still even a disorganized! Other stuff the fastest-growing segments in investment bankingsay mergers and culture and seems like a middle market commercial in. Mostly exit to PE and sometimes to distressed funds up in order to vote your email get! Sponsors or M & a, but others are possible asked in an upcoming interview i realize that is. People criticizing DB are college kids that do n't the two groups work hand hand.