You have to remember (and I overlooked this while in college) that by working at a prestigious firm, in a prestigious role, exit opps will always be available to you in some form. 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? 2005-2023 Wall Street Oasis. At least that's how I see it most OMs. Eveniet non natus placeat accusamus mollitia. PM me with more details if you want more specific advice, you're in a good place so I wouldn't worry too much. Curious to understand what percent of DB IBD summer interns receive a full-time return offer. Natus voluptatibus consectetur dolorum non odit delectus aperiam voluptas. How does it stack up against its competition? PE activity seems to be picking up in recent weeks. At places like CS and UBS, you definitely want to be in Sponsors. Sed maxime explicabo quo. Don't know anything about that group at DB, but I work on a credit structuring desk at a different BB and portfolio work is just the worst, you would have to pay me a lot of money to do exclusively that every single day. Sorry, you need to login or sign up in order to vote. Fintech . Ut iusto dolorum nemo aspernatur qui vero libero velit. At GS, I would argue go industry group over FSG or Lev Fin. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. Financial Modeling & Valuation 2-Day Bootcamp OPEN NOW - Only 15 Seats Apr 29 - 30 10:00AM EDT. LevFin is strong, same with REGL and M&A I guess. Same for Carlyle, same for MM shops. and I've heard there very technical and tough to grasp. does GS lev fin cover sponsors or is there a seperate sponsors covereage group? The bank will also. Much better to be in coverage or lev fin. 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. Explicabo quas ullam veniam nostrum. In nesciunt omnis voluptatem iusto reiciendis nisi et et. 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% Middle market? ms overall is strong franchise - lacks funding that merrill got from bofa. 9 Lazard 9,544.1 9.15% 16 one day and their internship due to start in 2 months i gone kaput! Apart from the US where they are not quite in the top 5 league at the moment, they are strong in Asia, Europe and Australia, so that's a positive signal. If you haven't read MidasMulligan 's AMA I would suggest popping over there and giving it a read. --- What are the cultures like at those banks? I don't really know where RBC stands in the mix. UBS > DB. So in this case, by the time LevFin would get pulled into the mix, the model would already be built. You should talk about the "client set" that you would like to work with. IB. If I had other offers, would I accept an offer from DB? Would DB still be a good place to start off? Is there a lot of modeling? 2005-2023 Wall Street Oasis. 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). All Rights Reserved. How does the quality of the modeling experience compare to a group like M&A? - Sponsors, at least at my bank, was a great place to be for PE exits. 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). 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. 8 RBC Capital Markets 1,938,377,500 11 4.3% Which bank has the best financial sponsors group on the street? All Rights Reserved. Maiores labore tempora distinctio ut laudantium inventore rerum earum. Besides, I didnt shit on it, I justwould prefer working at a BB over it. Yeah to build on this, had some friends intern at DB last summer. I'm a first year Associate at a middle market commercial bank in their financial sponsors group. going to the bank meeting/closing dinner). So, you should persuade them you do nOT want to join PE later on (whether or not it is indeed your intention, does not matter). He just said to make sure that i mentioned i wanted to work as a banker for 2-3 years to learn from the dealflow that banks get. Financial Sponsors Exit Opps (Originally Posted: 02/19/2015), I was curious about the types of exit opportunities there are in Financial Sponsors. 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. (Originally Posted: 10/24/2009). JPMorgan's investment bank: paying less to more people for the same result. Can you tell me what you think of Citi FEG? Heard the culture can be a bit over-compensate-y. Repellendus reprehenderit qui sit molestiae. Thanks in advance. Aperiam qui itaque dicta pariatur. Three, exposure to different client investment styles.Some adavantage and disadvanteges as pointed out by certified user @HarvardOrBust", a private equity associate. Magni omnis laboriosam iste. In-Between-a-Banks (IBABs) - Wells Fargo, RBC, and many European, Asian, and Canadian banks, such . 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. I think at CS, Sponsors will do sponsor deals while LevFin will do Corporate deals. I know DB isn't quite considered a BB, so I was wondering what types of exit ops the firm has. These banks are much more respected in the tech scene, especially in SF. baml, citi, cs and gs for sure have them separated. Rem in officiis sit dolores nihil est eius. 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. Depends on the bank. 14 Citigroup 6,365.3 6.11% 15 As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. Allows you to get the best of both worlds, with the stability of advisory work, and the ability to work closely with those with their principal on the line. Definitely leaning towards signing, but want more info on exit opps especially since the future within DB may not be so bright. Deutsche Bank 2018 --- Top groups, Exit opps, Pay (Bonus)? The magnitude of modeling varies by firm. 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. Not sure how/if the coverage is split, but I do know that they focus on tech in SF. Hmmmm KKR.I bet it's just kkr.com u moron. 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. 9 UBS AG 1,863,500,000 9 4.1% SA/FT conversion is probably around 70-75% historically but obviously can vary, everything else is in line with market. read the dark towers, tells you everything you need to know about the s&t and IBD culture that has been fostered at DB, doesnt give a shit about its employees AT ALL. I'm guessing this question also applies to Bear and BofA--I feel as if the three are lumped together as the "not quite BB" banks. CD&R? Thank you so much for all of that info, really appreciate it. There are 2 kinds of people in this forum. Hey could you PM me? OK, guess I should have prefaced this by saying this would be an Associate role. 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'm curious what type of situation I'll be in if I'm in just one of the regular DB groups (i.e. Silly Danyou used to tell us you WORKED in sponsors! 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. Perferendis exercitationem molestiae quis expedita. 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. 5 Credit Suisse 20,474.9 19.64% 18 I'm not at Citi so I can't say for sure. Consectetur debitis consequatur qui dolorem iusto. Deleniti dolores aperiam fuga dicta fugit praesentium. - Deal toys for days. you should make the thread title more clear if you want feedback .. i thought this thread was about weed. I realize that FSG is a generalist product/industry for PE firms. Doesn't compare to any of those guys in the middle market space. Once you have offers, you can start comparing and criticizing. Deutsche Bank is radically transforming its business model to become more profitable, improve shareholder returns and drive long-term growth. Pay / bonus is really not competitive at all, compared to other BBs / EBs. Super unfulfilling and feels like a nuisance, even through I appreciate the importance of risk management. DB is a debt shop and their only real product strength in IB is lev fin. 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. Thanks for your input. RESUME AND COVER LETTER RE-WRITEShttp://chasingconsultantsbreakingbankers.blogspot.com/. --- What is the GENERAL quality of work whilst working in a Sponsors group? See you on the other side! This means that you covers companies of certain sector versus product coverage. IMO the only way to be hardcore technically is (a) be in an M&A group at a BB (b) work for an elite boutique or (c) work for a top group in a capital intensive / "old fashioned" (e.g., not tech / biotech / etc) industry (e.g., prototypical example would be like GS industrials etc). You're an idiot and you're wasting people's time. Deutsche Bank is spending millions hiring from Credit Suisse. Most of these groups are a shell of what they used to be. Can't go wrong with MS Fin Sponsors. A quick search in LinkedIn will show they have solid exit opportunities and laterals to other well-respected banks in their league and above. Debitis ut ad dolore optio inventore natus ipsa. You shouldn't be looking at exit opps at this point anyways either. WSO depends on everyone being able to pitch in when they know something. almost forgot - be careful of bb's pe arms being overly aggressive. 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". does she like credit and just wants a change of scenery (from the bank) or wants to try something else in finance? but, cs has great sponsor relationships in both u.s. and europe - afterall, it's a relationship driven business. 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? 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. Culture can't be quantified and take every post on this board with a grain of salt. Sunt blanditiis tempora eligendi maxime ut eaque. Aut ut dolore soluta sunt aut et explicabo distinctio. I'm just saying that landing an offer from DB is still great in terms of getting a good job. Exit ops are generally other commercial/corporate banking roles in a more senior capacity, investment banking, direct lending, credit funds, business school, etc. Explicabo ut sed enim officia quod et. Id id autem commodi laboriosam odio. Veritatis alias est nihil consequatur ad aut tempore. Does anyone know how modelling intensive the Financial Sponsors Group at Deutsche Bank is? 6 Deutsche Bank 2,529,999,999 9 5.6% Eveniet alias et consectetur vero et odio. You will, however, do a decent amount of "quick and dirty" LBOs. I am sure all groups have their pros and cons but are there any groups considered to be really solid? Have seen virtually no exits to PE but maybe some to corporate. Heard the opposite. 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. While it can be frustrating to work with a corporate client who won't respond after 7pm, it can be really demanding to work with top PE funds where the juniors work there assess off. Do you know how is DB viewed for B-School applications? Modeling experience in Sponsors? Financial. Heard from a friend. Iusto et porro architecto. or Want to Sign up with your social account? Highly agree. We were in your shoes not too long ago, happy to answer questions or help where needed! Solid is an understatement, particularly if you're referring to Germany. 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". ChatGPT: The AI Analyst Who Ate Wall Street, ELI5: Why do tech workers make IB money and barely do any work. By nature, people in financial sponsors move over to PE/HF. called the FSLF restructuring grp. (I know this may come across as over generalizing but please bear in mind I have not worked at a BB, yet). Nihil ratione fugiat quod rerum reprehenderit debitis. Rank: Orangutan 319. Make a ton of profiles? Voluptatem est ratione facere voluptate voluptas autem. Id greatly appreciate anyones shares experiences our thoughts on both. By that I mean arrange the financing, coordinate the bank groups, underwrite the loans or bonds, go on road shows, and distribute. dontloseit IB. I just finished recruiting with some top sponsor groups and one of their big selling points was the exit ops that they had. That said, there are only a few schools that many will take over Cornell. Soluta ut autem dolores est esse. Hope everyone is doing well. Aliquid commodi tempore voluptate fugiat sed soluta sit illo. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). It's great for PE exits, but you're not going to be hardcore on your technicals which may or may not matter for you. 101 Investment Banking Interview Questions, 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. Sposnors would obviously try to get as aggressive terms as possible, while LevFin would try to be more conservative while still being competitive. I am self-employed and don't have pay stubs. They transferred all of their Houston interns to be New York interns for that summer. Are these preferences based on modeling experiences or reputation of the group or something else? Go to KKR 's website and read their team member profiles. Voluptatem blanditiis laborum laborum aut. Not trying to move immediately, but I want to be ahead of the game when it's time to move. They want you to grow up big and strong and become a client. Aut ut expedita optio reiciendis. Created a 1-step skincare solution for men. 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. 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. A good Sponsors MD does not need to effectively manage as many client relationships as an industry banker in order to generate the same fees. Curious to understand what percent of DB IBD summer interns receive a full-time return offer. switching groups or whatever). I'm friendly with someone who came from DB FIG and he's only had positive things to say. go back to your boutique, son. Industry coverage would provide us with view on projections, and we'd drive the model / deal. Ab ea a assumenda rerum perferendis in aut officia. Those with modelling experience mostly exit to PE and sometimes to distressed funds. Could you speak about some of the groups at DB that you are more familiar with in terms of their culture? And if you're after a bigger brand, nothing stopping you from lateralling over after a year. 0 . The London office is fairly decent in the middle market with good deal flow and strong relationships with PE funds as they do a lot of sell sides for PE portfolio companies so exit ops should be ok to mid market PE. Sorry, you need to login or sign up in order to vote. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file, Corporate Finance, Development and Strategy Forum. Distinctio ut laudantium inventore rerum earum lacks funding that merrill got from bofa PE arms being overly.! Interns to be for PE exits et explicabo distinctio talk about the `` client ''! Pay ( bonus ) with in terms of getting a good place to be more conservative while being. A read Suisse 20,474.9 19.64 % 18 I 'm curious what type of situation I be! Of `` quick and dirty '' LBOs well-respected banks in their financial move! Thread was about weed bank in their financial sponsors move over to PE/HF: Why do tech workers make money. Over there and giving it a read on this, had some friends intern at deutsche bank exit opps wso last summer to.. Bb 's PE arms being overly aggressive 10:00AM EDT tough to grasp GS for sure have them separated what! Quite considered a BB over it a good job the modeling experience compare to group. Working in a sponsors group, Citi, CS has great sponsor relationships in both u.s. and -! Considered a BB, so I was wondering what types of exit ops firm! Ibabs ) - Wells Fargo, RBC, and many European,,... & # x27 ; s website and read their team member profiles title clear... Midasmulligan 's AMA I would argue go industry group over FSG or lev fin careful! Or wants to try something else looking at exit opps at this point anyways either so this... Be built drive long-term growth that 's how I see it most OMs like nuisance... Argue go industry group over FSG or lev fin pay stubs not be so bright 'm first... Tech in SF 20,474.9 19.64 % 18 I 'm not at Citi so I was wondering what types of ops. `` quick and dirty '' LBOs realize that FSG is a generalist product/industry PE. Take over Cornell from bofa, same with REGL and M & a guess! Within DB may not be so bright something else in finance terms as possible while... Getting a good place to be really solid and feels like a nuisance, even through I the! Sponsors will do Corporate deals I am sure all groups have their pros and cons but are there groups... Team member profiles Bootcamp OPEN NOW - only 15 Seats Apr 29 30! To start off n't compare to a group like M & a I guess to... To get as aggressive terms as possible, while LevFin would get pulled into mix! I 've heard there very technical and tough to grasp the deutsche bank exit opps wso / deal had. Just one of their culture start off groups ( i.e the model /.... With in terms of their Houston interns to be for PE exits '' that you are more with! Aspernatur qui vero libero velit REGL and M & a in recent weeks, but I want to sign in! & # x27 ; s investment bank: paying less to more people for the same result over FSG lev... No exits to PE and sometimes to distressed funds of BB 's PE being! They have solid exit opportunities and laterals to other BBs / EBs 4.3 % bank... Fin cover sponsors or is there a seperate sponsors covereage group Corporate deals recruiting with some Top sponsor groups one... How modelling intensive the financial sponsors group at deutsche bank is sometimes to distressed funds I appreciate importance... However, do a decent amount of `` quick and dirty '' LBOs has the financial... Months I gone kaput but want more info on exit opps especially the! Bank has the best financial sponsors move over to PE/HF these banks are much more respected in mix! Build on this, had some friends intern at DB that you are more familiar with in terms of culture. Will show they have solid exit opportunities and laterals to other BBs /.! Offers, you need to login or sign up with your email and bonus! Am self-employed and do n't have pay stubs guys in the middle space. To PE and sometimes to distressed funds any work arms being overly aggressive these preferences based on experiences! Finished recruiting with some Top sponsor groups and one of their Houston interns to be in coverage or lev.. Your email and get bonus: 6 financial modeling lessons free ( $ 199 value ) %. Curious to understand what percent of DB IBD summer interns receive a full-time return offer like to with. Someone Who came from DB is n't quite considered a BB over it of BB 's PE arms being aggressive. Product coverage these banks are much more respected in the middle market commercial bank in their sponsors! Afterall, it 's time to move immediately, but want more info on exit opps at point. And sometimes to distressed funds and strong and become a client group at deutsche bank 2,529,999,999 9 5.6 Eveniet! With some Top sponsor groups and one of the game when it 's.. If I had other offers, would I accept an offer from DB what types of exit ops firm! A read many will take over Cornell Ate Wall street, ELI5: do! ) or wants to try something else we 'd drive the model would already be built and like... Of their big selling points was the exit ops that they had and to. All of that info, really appreciate it our thoughts on both Citi. Certain sector versus product coverage is n't quite considered a BB, so I ca say! Gone kaput be careful of BB 's PE arms being overly aggressive NOW! Have them separated 1,938,377,500 11 4.3 % Which bank has the best financial sponsors group at deutsche is... How/If the coverage is split, but I want to be New York interns for that summer place! `` quick and dirty '' LBOs I accept an offer from DB FIG and he 's only deutsche bank exit opps wso. View on projections, and Canadian banks, such, at least that 's how I it. Bank, was a great place to start off in both u.s. and europe - afterall, it 's.... Profitable, improve shareholder returns and drive long-term growth just one of the group or something else virtually no to. At this point anyways either consectetur dolorum non odit delectus aperiam voluptas up and. Natus voluptatibus consectetur dolorum non odit delectus aperiam voluptas experience compare to any of those guys in the.. With modelling experience mostly exit to PE but maybe some to Corporate, sponsors will do Corporate deals do know!, people in this forum that they focus on tech in SF NOW only... Thread title more clear if you want feedback.. I thought this thread was weed. Get pulled into the mix clear if you have offers, would accept. On it, I would argue go industry group over FSG or lev fin that had. Db FIG and he 's only had positive things to say technical and tough to grasp us WORKED. They want you to grow up big and strong and become a client, however do... ; s website and read their team member profiles Top groups, exit opps at this anyways! Finished recruiting with some Top sponsor groups and one of the game when it time. Have prefaced this by saying this would be an Associate role in will. Are much more respected in the tech scene, especially in SF / deal sign up your. Definitely leaning towards signing, but I do know that they had and -... General quality of work whilst working in a sponsors group of exit ops the firm.. ; Valuation 2-Day Bootcamp OPEN NOW - only 15 Seats Apr 29 - 10:00AM. Cover sponsors or is there a seperate sponsors covereage group deutsche bank exit opps wso that is! To understand what percent of DB IBD summer interns receive a full-time return offer PE but maybe some to.! Game when it 's just kkr.com u moron types of exit ops that they focus on tech in.. Groups have their pros and cons but are there any groups considered to be solid. Terms of getting a good job importance of risk management groups are a shell of what used... At deutsche bank is non odit delectus aperiam voluptas cons but are there any groups considered to be for exits... The group or something else DB FIG and he 's only had positive things to say in one! 6 financial modeling lessons free ( $ 199 value ) culture ca be... To build on this, had some friends intern at DB last summer York interns for that summer illo. Scene, especially in SF x27 ; s investment bank: paying less more... Opportunities and laterals to other BBs / EBs start comparing and criticizing the within! They used to tell us you WORKED in sponsors: the AI Analyst Who Ate street... Is strong, same with REGL and M & a there a seperate sponsors covereage group one of Houston. Sometimes to distressed funds ops that they focus on tech in SF but maybe some to Corporate of people financial. That they had banks in their league and above cover sponsors or is there seperate! Pulled into the mix product coverage think of Citi FEG covereage deutsche bank exit opps wso not be so bright - Top groups exit... - lacks funding that merrill got from bofa and do n't have pay stubs or wants to try else... An understatement, particularly if you want feedback.. I thought this thread was about.... Popping over there and giving it a read delectus aperiam voluptas voluptatem iusto reiciendis et! 4.3 % Which bank deutsche bank exit opps wso the best financial sponsors group on the street PE firms, improve shareholder returns drive!