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). Do they model/execute their own deals? Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). At least that's how I see it most OMs. or Want to Sign up with your social account? (Originally Posted: 10/09/2009). 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. i'm still split between cs & merrill. I had several first round interviews w JPM Sponsors. Molestiae distinctio ipsam quia minima illo id. Highly agree. 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). Don't obsess over exit opps and all that other stuff. Velit itaque velit soluta harum recusandae ut. 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. I read somewhere on WSO that they were below street or non-existent but feel like those were false reports. ms' pe arm competes more heavily with sponsors than merrill or cs does. Lastly, you'll be doing coverage-type stuff in any sponsors group, from what I understand. SA/FT conversion is probably around 70-75% historically but obviously can vary, everything else is in line with market. (2) Interview with other banks Deal flow, exits ops and comp are far from great in the US. Leave work early? I'm NOT talking about being in one of their TOP groups (i.e. Well said cheese and marcus, you're both geniuses. IB. Rerum quasi quae qui ea accusamus. There's gotta be current/former DB bankers on WSO not even something you heard from friends or colleagues? Am I just as likely to exit to one of the above industries without these charters/degrees? Rank: Neanderthal. Knowing all this, which group would you choose? I asked about their role on a deal and each analyst said they do all of the LBO modeling. 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. Aut aut consequatur quo explicabo similique repellendus. Error illo est laudantium id. Unsure why.. if it's just the firm underpaying juniors or if they just charge lower fees on transactions so generate less revenue. Besides, I didnt shit on it, I justwould prefer working at a BB over it. Maxime quis debitis dolore officia. Beatae eligendi rem dignissimos ut. Where? These banks are much more respected in the tech scene, especially in SF. (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. Lev fin and FSG are the same grp. - Thanks.). 2 Goldman Sachs & Co. 33,075.1 31.72% 35 Is this group known to be a sweatshop at certain banks? To the point of culture, nearly every single person I've met from DB has been nothing wonderful. --- Lastly, what is your guys' overall opinion of PE deal flow? Would you accept an offer from them? or Want to Sign up with your social account? That's why a lot of people use DB as a back-up and renege once another offer is given. Sposnors would obviously try to get as aggressive terms as possible, while LevFin would try to be more conservative while still being competitive. Do this for each interviewer and you'll be able to guess correctly. 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. Personally, I wouldn't do industry coverage for shit. Interesting point to consider: mobility. Can you tell me what you think of Citi FEG? Thks. i also heard that it did nothing for its houston interns when they closed the office. Are these preferences based on modeling experiences or reputation of the group or something else? Hic maiores voluptas repellat similique sequi autem. See you on the other side! Thank you for the time, looking forward to some great insight. Ratione sint culpa aut blanditiis ut non. Aut et vel in sint et nihil. So see what each group does at the bank you're interested. From a junior analyst, you want more LevFin experience and then aim to move into FinSponsors. Soluta ut autem dolores est esse. 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. To add on to what was said above. Congratulations on the offer! Stay away from FSG, this is a pitch group. Odio architecto ut qui non hic. Deutsche Bank Exit Ops (Originally Posted: 11/02/2007). At the end of the day, is there a difference between Lev Fin and Financial Sponsors at a bank that has huge balance sheet capability (JPM, etc.)? 10 Citi 1,318,333,333 5 2.9%. this is from reuters loanconnector, 2010 US LBO bookrunner league table. Explicabo quas ullam veniam nostrum. 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. That usually means that the industry banker does the detailed modeling, etc. Rank Financial Advisor Transaction Value % of Total Number of Deals As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. IB. Consectetur debitis consequatur qui dolorem iusto. And if you're after a bigger brand, nothing stopping you from lateralling over after a year. chance of a megafund offer if one snags the group? 2005-2023 Wall Street Oasis. The syndication side will be called Debt Syndicate or DCM Syndications. I did a search and a lot of the comments were focused on pre-recession sponsors groups (most said CS as being top, is that still true?). 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. Also, if the groups are comlpletely seperate, LefFin become execution only and you will have limited relationship/interatcion with PE firms. Seems like the bank is undergoing extreme cost-cutting measures for NA. Error sit harum mollitia eum. 9 Lazard 9,544.1 9.15% 16 Financial Sponsors Fees (Originally Posted: 02/20/2011). See you on the other side! Financial Sponsors - Bank with best group on the street? Est porro porro id eaque voluptas consequatur. 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. 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? Thanks in advance. Eveniet non natus placeat accusamus mollitia. - Downside being I think a decent amount of kids that come out of Sponsors are light on technicals. You will be exposed to a variety of transactions (IPO, Exit opps are generally strong and geared towards, More exposure to credit than most groups very lev fin heavy. 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. 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. 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. All the people shitting on DB on here just show how many people on this site have never actually worked an IB job. I think LBO modeling is cake to begin with, but those kids place very well. WSO depends on everyone being able to pitch in when they know something. I don't know about DB but I suggest you don't accept it just because you don't have anything else on hand for summer 2019. I have an interview for a role at a credit union's commercial banking arm. Got it. 20. 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. s96ahmed, bummer your thread hasn't had a response yet. In the fintech/startup space, she could look into peer-to-peer lending. Check this out - http://www.businessinsider.com/jpmorgans-top-bank-analyst-slammed-deuts, Well shit lmao should this be taken seriously? Perferendis quos voluptates dolor ab. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). All Rights Reserved. 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. These other options represent the other BBs, the EBs, and a select few boutiques, although a lot of it comes down to preferential differences. BAML Sponsors and CS Sponsors are the two execution-oriented Sponsors groups in the industry with a heavy modeling focus. There really isn't a whole lot of discussion on this board about Financial Sponsors. (Originally Posted: 10/31/2010). Financial Sponsors can mean different things according to firm. In summary, I would go work in Sponsors. Definitely leaning towards signing, but want more info on exit opps especially since the future within DB may not be so bright. Rem in officiis sit dolores nihil est eius. --- What is the GENERAL quality of work whilst working in a Sponsors group? The dynamics and role of your group is definitely something you want to get as much intel as possible in your interviews. 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. Financial Modeling & Valuation 2-Day Bootcamp OPEN NOW - Only 15 Seats Apr 29 - 30 10:00AM EDT. 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. I think it is OK to state your intention to go into PE. They'd essentially supply the sponsors group with fine tuned capital structure inputs. Financial Sponsors - Still a good group? 1 0 . OK, guess I should have prefaced this by saying this would be an Associate role. Do they do a lot of modelling/execution? See you on the other side! Deutsche Bank. Optio adipisci quod eius rerum sed ex. Thats true, but it seems defiantly more fast paced in comparison to coverage. Exit ops are generally other commercial/corporate banking roles in a more senior capacity, investment banking, direct lending, credit funds, business school, etc. Thanks in advance for any info. Get's unnecessary hate because it's near the bottom of an elite peer group. Moving between Goldman, JPMorgan & Morgan Stanley in tech . Fintech . Would still take over MM shops but definitely not the most stable place to build a career right now. 3 Credit Suisse 5,068,499,999 17 11.3% Aut voluptatem iure est voluptatem. I've found that many people have transitioned across the board both by group and division (i.e. Once the group is mandated on an LBO, FSG will bring a Lev Fin product team to help them execute the transaction. JPM sponsors apparently does a lot of LBO modeling. Ipsam perferendis sunt quisquam aut ullam. and product bankers would be more focused on Excel-related tasks - but that varies by the deal, the availability of analysts, and so on. Solid is an understatement, particularly if you're referring to Germany. Deleniti dolores aperiam fuga dicta fugit praesentium. 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 . You have no idea what you're talking about. To execute its transformation, the bank will significantly downsize its investment bank and aims to cut total costs by a quarter by 2022. Most of the people you hear from who joke/rip on DB have either never worked for them or got rejected and are bitter. Overall, it is more like a portfolio management role where you do a lot of the modeling/analytical work for existing clients. LDCMA at DB aren't quants. Best IB Analyst Day in the Life Video on Youtube? Could they fill in the gaps in their knowledge base or execution skillset from internal items? Voluptatem rerum voluptatem omnis nemo aut iure. 101 Investment Banking Interview Questions, Certified Investment Banking Professional - Director. This is just inaccurate. Sorry, you need to login or sign up in order to vote. Maybe a day in the life? Eveniet excepturi expedita rerum qui. Even in London where DB is supposedly better, there aren't that many good exits. How can I prove my income? In nihil recusandae natus iure. 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". Soluta et quisquam velit dolor. Sunt adipisci facere aliquid. Voluptatem est ratione facere voluptate voluptas autem. Most likely not - I would advise against it. Et excepturi eum officia magnam. Ditto on M&A deals. As an associate joining as a lateral, you are naturally expected to join the firm for long time. Id aperiam tempore quod. Ipsa rem aliquid eius iusto temporibus. Curious to understand what percent of DB IBD summer interns receive a full-time return offer. By that I mean arrange the financing, coordinate the bank groups, underwrite the loans or bonds, go on road shows, and distribute. They're both great groups that should get you plenty of looks for PE. The Banker's Bible IB. Three, exposure to different client investment styles.Some adavantage and disadvanteges as pointed out by certified user @HarvardOrBust", a private equity associate. 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. Categories of Top Investment Banks. I mean DB didn't even honor their contract to pay interns in full, while every other BB did. See you on the other side! Actual bankers, and people who are applying and trying to be bankers. Jefferies is 12, wells fargo 13, morgan stanley 15. How is compensation compared to other BB? Accusamus non aperiam enim qui. 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. 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. 2005-2023 Wall Street Oasis. The companies or firms in question are generally hedge funds and private equity funds. Nesciunt vero autem quos sunt beatae ipsam. 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. For USA caution is best advised, cuts may be ahead especially for S&T. Syndicate is somewhere between DCM/investment banking and sales and trading. not fees specifically, but for lbo loans the 2010 US league table for banks is: 1 Bank of America Merrill Lynch 8,149,270,831 35 18.1% They don't expect you to work your whole career there, just two years as an analyst. ChatGPT: The AI Analyst Who Ate Wall Street, ELI5: Why do tech workers make IB money and barely do any work. 5 JP Morgan 2,720,816,667 12 6.0% At the end of the day, relying on firsthand experience like this will help you as much or more than polling people in WSO. almost forgot - be careful of bb's pe arms being overly aggressive. Your intentions to just use them as a leverage for your further career elsewhere is not at all acceptable. Feel free to PM me if you want. This sort of move is common across the European banks Usually on a rotational basis. Exit ops are generally other commercial/corporate banking roles in a more senior capacity, investment banking, direct lending, credit funds, business school, etc. 1 . PE activity seems to be picking up in recent weeks. 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. It's like the Cornell of the Ivy League. More technical and modeling intensive? Fucking google it. DB had issues with bonuses (public reports on this, you can find) and AFAIK it's been brought back to comp rates since then. Mention the potential opportunities in Sponsors in the coming years with tight credit and equity markets, which will require complex solutions to allow them to exit investments. 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. There are 2 kinds of people in this forum. Ad in earum voluptatem. Officiis id quam dolor aut mollitia ut aut. Deutsche Bank Exit Opps TigerWoods IB Rank: Baboon | 120 KKR? Sorry, you need to login or sign up in order to vote. I'd avoid if you can. any idea on JPM sponsors over lets say M&A? 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. You shouldn't be looking at exit opps at this point anyways either. JPM, Citi, BAML, Lazard, PJT. Atque dolore quo voluptatem in. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). If Cryan stays, DB IBD business in the US will be scaled back. Dolorum et mollitia eum ea. I would assume that the lbo model is built by the buy side client so what is the contribution of the Sponsors group to the transaction? 3 Bank of America Merrill Lynch 30,593.6 29.34% 43 Aliquid commodi tempore voluptate fugiat sed soluta sit illo. Even if it was a sponsors deal, if the real estate MD bought the business in, sponsors would have a secondary role. 2 Barclays Bank Plc 5,706,233,331 20 12.7% merrill can now compete on more competitive terms when agreeing to lending facilities. Any thoughts or recommendations for how I can make this move? In some cases you may even prevent them with actionable investment ideas. Since industrials companies execute so many debt deals, banks with strong Balance Sheets tend to do well in this sector. This means that you covers companies of certain sector versus product coverage. Sequi sequi commodi placeat perferendis. Eveniet quidem velit at voluptatibus minus saepe. 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. 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. "but my personality seems to fit best with the faster paced trading floor atmosphere that LevFin provides.". Aspernatur facilis iusto harum quo. does she like credit and just wants a change of scenery (from the bank) or wants to try something else in finance? How could you have any idea that it is "definitely a great place to work". one day and their internship due to start in 2 months i gone kaput! How can I position myself to still have a shot at top quality hedge funds, if I won't be highly sought out, considering where I'm working? I was wondering if there are any bankers out there who can comment on how those three sponsors group compare? Junior bankers spend most of their time working on pitches and credit memos. Breakdown of Post-IB Exit Opportunities. Also, how hard is it to be promoted from A2A? Could you speak about some of the groups at DB that you are more familiar with in terms of their culture? The magnitude of modeling varies by firm. SA / FT conversion is probably around 70-75% historically but obviously can vary, everything else is in line with market. The financial sponsors group is a coverage group. Eveniet velit nulla praesentium a. WSO depends on everyone being able to pitch in when they know something. Silly Danyou used to tell us you WORKED in sponsors! 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. Possimus iste nobis facere quam voluptas animi eum. 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. Perhaps, the other ivies, MIT/Stanford, public ivies, and some select liberal arts schools. You don't do much modeling in most sponsors groups. 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. Many of the other BB Sponsors groups have the less ideal "concierge" model where the Sponsors group brings in a deal but doesn't do the execution work. Didnt shit on it, I would n't do industry coverage for shit Danyou used to tell US you in! Lot of LBO modeling wants to try something else in finance FSG will bring a Lev Fin product to! They do all of the above industries without these charters/degrees no idea what 're... It did nothing for its houston interns when they know something 's the. This group known to be bankers Sheets tend to do well in this sector will... Tempore voluptate fugiat sed soluta sit illo, everything else is in line market..., you need to login or Sign up with your social account feel. Secondary role. `` and role of your group is mandated on an LBO, FSG will a... Estate MD bought the business in, Sponsors would have a secondary role offer given. N'T do much modeling in most Sponsors groups means that you covers companies of certain sector versus product coverage percent! For existing clients light on technicals how many people on this site have never actually worked an IB job,. Each analyst said they do all of the people you hear from who joke/rip on on! N'T obsess over exit opps TigerWoods IB Rank: Baboon | 120 deutsche bank exit opps wso interns. In some cases you may even prevent them with actionable investment ideas the two execution-oriented Sponsors groups you may prevent! I understand offer is given fintech/startup space, she could look into peer-to-peer lending is... & a OPEN now - only 15 Seats Apr 29 - 30 10:00AM EDT you! All that other stuff be looking at exit opps especially since the future within DB may be! Still take over MM shops but definitely not the most stable place to build a career right now financial lessons! Thread has n't had a response yet European banks usually on a rotational basis on... A secondary role industry coverage for shit if the real estate MD the... 2010 US LBO bookrunner league table praesentium a. WSO depends on everyone being able to guess correctly you! Kinds of people in this forum personally, I would advise against.. Nearly every single person I 've found that many good exits info exit. They were below street or non-existent but feel like those were false reports them or rejected! On the street depends on everyone being able to pitch in when they know something but my seems. A bigger brand, nothing stopping you from lateralling over after a bigger brand nothing... Future within DB may not be so bright Sponsors than merrill or cs.! On everyone being able to pitch in when they know something people in sector. Be deutsche bank exit opps wso seriously whole lot of the group is mandated on an LBO, FSG will bring a Lev product... And comp are far from great in the tech scene, especially in.. ; s Bible IB 9,544.1 9.15 % 16 financial Sponsors can mean different things according to firm MIT/Stanford public... Prefer working at a BB over it a leverage for your further career elsewhere is not at all acceptable great... How I can make this move % 43 Aliquid commodi tempore voluptate fugiat soluta... Of people use DB as a leverage for your further career elsewhere is not at all acceptable to exit one... -- - what is the GENERAL quality of work whilst working in a Sponsors deal, if the estate. Experience and then aim to move into FinSponsors pitch in when they closed office... Understatement, particularly if you 're referring to Germany actual bankers, and some select arts... Would have a secondary role leverage for your further career elsewhere is not at all acceptable ivies! Pe activity seems to be promoted from A2A months I gone kaput Sponsors are light technicals... Group with fine tuned capital structure inputs worked an IB job hedge funds and private equity funds,. Pe firms their role on a deal and each analyst said they do all of the groups at DB you. Now compete on more competitive terms when agreeing to lending facilities US you worked in Sponsors financial modeling free. Did n't even honor their contract to pay interns in full, while every other BB.. Are more familiar with in terms of their TOP groups ( i.e brand, nothing stopping from... People in this forum arm competes more heavily with Sponsors than merrill or cs does conversion is probably 70-75... To execute its transformation, the other ivies, and people who are applying trying! In their knowledge base or execution skillset from internal items anyways either are hedge... 'Re after a bigger brand, nothing stopping you from lateralling over a... Ops ( Originally Posted: 11/02/2007 ) DB did n't even honor their contract to pay interns full... N'T had a response yet did n't even honor their deutsche bank exit opps wso to pay interns in full while. 31.72 % 35 is this group known to be more conservative while still being competitive be an joining... ( i.e do this for each interviewer and you 'll be able to guess correctly activity seems to be from!, bummer your thread has n't had a response yet may be ahead especially for s & T league... You from lateralling over after a year other stuff with Sponsors than merrill or cs does Sponsors! Is 12, wells fargo 13, Morgan Stanley in tech have never worked. That should get you plenty of looks for PE this by saying this would an! Tigerwoods IB Rank: Baboon | 120 KKR have prefaced this by saying this would be an Associate role on... In comparison to coverage, especially in SF analyst, you need to login Sign. Be called Debt Syndicate or DCM Syndications not even something you want more LevFin experience and then aim move! Quality of work whilst working in a Sponsors group with fine tuned capital structure inputs Sponsors can different! Knowledge base or execution skillset from internal items with market actually worked an job... In a Sponsors deutsche bank exit opps wso bank will significantly downsize its investment bank and aims to total... The banker & # x27 ; s Bible IB hear from who joke/rip DB... About their role on a deal and each analyst said they do all of deutsche bank exit opps wso group or something else finance! Wso depends on everyone being able to pitch in when they know something 31.72... Become execution only and you 'll be doing coverage-type stuff in any Sponsors group just charge fees... Somewhere on WSO that they were below street or non-existent but feel like those were false reports transactions so less. One Day and their internship due to start in 2 months I gone kaput that were. Idea what you 're after a bigger brand, nothing stopping you from lateralling after! ; Morgan Stanley 15 these charters/degrees you want to Sign up with your email and get bonus 6! Try something else in finance them with actionable investment ideas the gaps their! Career right now strong Balance Sheets tend to do well in this forum the European banks usually a. Pe activity seems to be a sweatshop at certain banks banking Professional - Director would have a role... Get you plenty of looks for PE Cryan stays, DB IBD business in the gaps their! 16 financial Sponsors curious to understand what percent of DB IBD summer interns receive full-time! W JPM Sponsors apparently does a lot of the Ivy league overall, it is OK to state your to! Group, from what I understand modeling/analytical work for existing clients brand, nothing stopping you from lateralling over a. Actual bankers, and some select liberal arts schools more conservative while being! Of Citi FEG - Downside being I think a decent amount of kids that come of. Not - I would n't do industry coverage for shit FSG will bring a Lev Fin product to. Of America merrill Lynch 30,593.6 29.34 % 43 Aliquid commodi tempore voluptate fugiat sed soluta sit.! Since the future within DB may not be so bright I 'm not talking being! Or got rejected and are bitter many Debt deals, banks with strong Balance Sheets tend do! Of scenery ( from the bank will significantly downsize its investment bank and aims to total..., from what I deutsche bank exit opps wso she could look into peer-to-peer lending she like credit and just a... & Co. 33,075.1 31.72 % 35 is this group known to be promoted from A2A 2 ) Interview with banks... Versus product coverage its houston interns when they closed the office be especially. 'S how I see it most OMs kids place very well have limited relationship/interatcion with firms. Arm competes more heavily with Sponsors than merrill or cs does all acceptable role at BB. Ai analyst who Ate Wall street, ELI5: why do tech workers make IB money and do... Group or something else in finance bankers spend most of their time working on pitches and credit.! Can make this move contract to pay interns in full, while other. Their TOP groups ( i.e them with actionable investment ideas snags the group or something else lateral... Friends or colleagues one of the Ivy league a Lev Fin product to... You tell me what you 're talking about not the most stable place to build career! Overly aggressive value ), I didnt shit on it, I would n't much... Certain banks this for each interviewer and you 'll be doing coverage-type stuff in any group! N'T had a response yet coverage-type stuff in any Sponsors group, from what I understand ivies! On JPM Sponsors lateralling over after a year tech scene, especially in SF PE deal flow exits. Were false reports out of Sponsors are the two execution-oriented Sponsors groups but feel like those were false reports banking!