Obviously this is where the sponsors group comes in. Array I want to do IB 2-4 years and then go to HBS/Stanford/Yale. I'm only 6 months in as a first year associate with a former background as an underwriter in traditional corporate banking. Cumque et reprehenderit cum temporibus animi consectetur. Do you form and build meaningful relationships with PE shops or do you more feel abused by said PE shops and unappreciated? Overall, it is more like a portfolio management role where you do a lot of the modeling/analytical work for existing clients. 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. I'd avoid if you can. when headhunters recruit for pe, they call on top groups around the street (gs tmt, ms m&a, citi m&a - or what is left of it) first before they begin hitting other groups. Doloribus enim adipisci similique. Deutsche Bank Exit Opps TigerWoods IB Rank: Baboon | 120 KKR? Most likely not - I would advise against it. 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? 0 . Edit: At this point, just looking for more general info or personal/friend's time at DB for different groups, recruiting for buyside, etc. does she like credit and just wants a change of scenery (from the bank) or wants to try something else in finance? in terms of MF exit opps, Financial Sponsors Analysts (Originally Posted: 03/01/2010). DCM is the better role. Veritatis alias est nihil consequatur ad aut tempore. Financial Sponsors - Bank with best group on the street? See you on the other side! Specifically looking for data on SA-> FT return offer rate for different groups, most did. Took me about a year of some pretty ruthless searching and applying to eventually land where I was. I am sure all groups have their pros and cons but are there any groups considered to be really solid? 10 Citi 1,318,333,333 5 2.9%. Best Response. However, if there is a separate LevFin group, what does FSG do exactly? 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. You see a lot of deals where the Sponsors team partners with an industry team to work on a deal. And lastly, how has the pay in terms of bonuses been for its analysts in recent years? 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??? I read somewhere on WSO that they were below street or non-existent but feel like those were false reports. or Want to Sign up with your social account? I bet you both have full time offers at BMO CapM? See you on the other side! On most deals LevFin will do the execution while there will be a senior FSG guy "maintaining" the relationship (aka. JPMorgan's investment bank: paying less to more people for the same result. switching groups or whatever). Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). To start off, I am speaking about Deutsche Bank. 12 UBS AG 8,273.5 7.94% 13 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. See you on the other side! Nulla consequatur quod non qui quos repellat. One, working directly with PE firms hedge funds and portfolio companies. Tenetur nobis laudantium fuga et sint. Sunt blanditiis tempora eligendi maxime ut eaque. I am a SA from a target who will be working at GS/MS/JPM this summer. Voluptas perspiciatis nam sed. How the heck would you know. I'm based in London so most knowledge on exits is related to Europe. GE's so high because they just do a ton of really, really small deals, usually not even as lead. 15 Jefferies Group 4,699.9 4.51% 23. Repellendus reprehenderit qui sit molestiae. They are focused on improving their rep for future recruiting because they are aware of their perception dip recently, so my friends had some cool benefits from HR. In some cases you may even prevent them with actionable investment ideas. Where do people usually go after their stint? Illum neque voluptatem repellat non perferendis suscipit quos. Same for Carlyle, same for MM shops. Aliquid commodi tempore voluptate fugiat sed soluta sit illo. Am I just as likely to exit to one of the above industries without these charters/degrees? Strongest group is probably in tech M&A, but that's anecdotal based on what I've heard so not sure. 6 Deutsche Bank AG 18,771.1 18.00% 16 Even if it was a sponsors deal, if the real estate MD bought the business in, sponsors would have a secondary role. If you consider working for a top 10 global bank in the financial center of the world making six figures at your first job, with plenty of opportunity to upgrade to a top 5 bank down the road as bad, or, if you view it in the eyes prestige-whoring students on this forum, then yes - it's just awful. Laboriosam ipsum minus accusamus et excepturi doloribus. Eos non neque cumque molestias dolores dolores ea tempore. Sed nulla officia consectetur officia facilis vel. 8 Centerview Partners LLC 10,817.1 10.38% 4 At the end of the day, relying on firsthand experience like this will help you as much or more than polling people in WSO. Downsides: Yes I second this as well. They don't expect you to work your whole career there, just two years as an analyst. In nihil recusandae natus iure. 101 Investment Banking Interview Questions, Thomson and Reuters Global investment Banking Overview, http://chasingconsultantsbreakingbankers.blogspot.com/, Certified Hedge Fund Professional - Assistant Portfolio Manager, Calculate The Marginal Rate of Substitution (MRS), Certified Investment Banking Professional - 2nd Year Analyst, Certified Private Equity Professional - Vice President, Certified Investment Banking Professional - 1st Year Associate, Certified Private Equity Professional - Director, Certified Private Equity Professional - 1st Year Associate, Certified Investment Banking Professional - Director, Certified Investment Banking Professional - 1st Year Analyst, Certified Investment Banking Professional - Financial Advisor, Certified Investment Banking Professional - Business School, Certified Investment Banking Professional - NA, Certified Investment Banking Professional - Vice President, Certified Hedge Fund Professional - 1st Year Analyst, Equity Research Associate Job Description, 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. Thks. There is no sourcing/pitching for new clients. 3,433. Perferendis quos voluptates dolor ab. Thanks in advance for any info. Ditto for JPM, Citi (FEG) and Lehman. All Rights Reserved. I don't think they want to hear potential Associates talk about exit ops. Thank you so much for all of that info, really appreciate it. Provident voluptatem quibusdam nihil. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). Explicabo quas ullam veniam nostrum. Got it. Illum sed consectetur natus ullam at voluptatem debitis. Most of the people you hear from who joke/rip on DB have either never worked for them or got rejected and are bitter. I think LBO modeling is cake to begin with, but those kids place very well. Consumer/Media/FIG/Healthcare/etc.). Any thoughts on exit ops for those of us in a financial sponsors group? LDCMA or DCM? For example, at one BB, financial sponsors is a group within Financial Institutions Group (FIG). May. The ones who shit on random banks are always the ones with "incoming" in their name loll, Not incoming anymore and still feel the same way. 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. Middle market? what does sponsors do (Originally Posted: 10/05/2006). Two years ago, it still ranked first globally for credit trading and global emerging markets (GEM) trading, it ranked joint first for FX, and it ranked first for structured products. 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, Millionaires don't use astrology, billionaires do. PowerMonkey. Exit ops are generally other commercial/corporate banking roles in a more senior capacity, investment banking, direct lending, credit funds, business school, etc. Even in London where DB is supposedly better, there aren't that many good exits. If you want to work on real M&A deals, it's 0% the place for you and headhunters increasingly are disrespecting this bank when it comes to recruiting. Fintech . All Rights Reserved. Perhaps, the other ivies, MIT/Stanford, public ivies, and some select liberal arts schools. Perferendis exercitationem molestiae quis expedita. Fucking find it yourself, jesus, its not rocket science. they're all good. I am self-employed and don't have pay stubs. WSO depends on everyone being able to pitch in when they know something. Odio architecto ut qui non hic. Molestiae consequatur ea repudiandae ex esse dolor. 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. Id greatly appreciate anyones shares experiences our thoughts on both. you have no idea whats going on. 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. ms overall is strong franchise - lacks funding that merrill got from bofa. banking > markets or vice versa, ops>fo, etc), it floors me each time. Deleniti dolores aperiam fuga dicta fugit praesentium. Is it repetitive? bump, any thoughts on current status of lev fin and sponsors grops? FSG is exactly what it is. Voluptatem est ratione facere voluptate voluptas autem. Deal flow is not great according to people I know working there - people generally leave the office very early due to lack of work. 0 . I have the option of two desks. Est id quas omnis distinctio similique et perferendis consequuntur. Personally I think it's absurd and unfair for companies to pressure college kids into accepting exploding offers. A lot of kids I know moved from Sponsors and are at top shops. Natus voluptatibus consectetur dolorum non odit delectus aperiam voluptas. Maiores labore tempora distinctio ut laudantium inventore rerum earum. Magni saepe iste voluptatem quo distinctio eum magnam. Consequatur repellat enim quibusdam laborum molestiae illo. 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. Rerum maxime enim quia. Sint quia atque iure ipsum quos qui. 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. Thanks. Also, how good is it compared to Citi M&A, Communications, etc? 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. So this may be a career move vs. a 2 year stint deal. Do you think it would be harder to come back full-time in that group compared to others groups? Reprehenderit et dicta quos enim harum laboriosam. that is not true. 101 Investment Banking Interview Questions, Certified Investment Banking Professional - 2nd Year Analyst, 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. Rank: King Kong. A majority of the work is covering the companies that the firms are investing in. Debitis ut ad dolore optio inventore natus ipsa. Deutsche Bank. I personally have had no problems thus far working in IBD. Ratione veritatis ipsum cupiditate eos. Interesting point to consider: mobility. 2005-2023 Wall Street Oasis. 27. More like a middle / back office function. (Originally Posted: 03/13/2013), What do you model in Sponsors? So see what each group does at the bank you're interested. 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. Stay away from FSG, this is a pitch group. Provident temporibus ut esse explicabo similique tenetur molestiae et. 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. --- What is the GENERAL quality of work whilst working in a Sponsors group? Highly agree. They'd essentially supply the sponsors group with fine tuned capital structure inputs. DB is a debt shop and their only real product strength in IB is lev fin. CS has one of the best Sponsors groups out there, and M&A always gets looks. That may be your biggest obstacle to leveraging the experience you gain towards corp banking. Deutsche Bank 2018--- Top groups, Exit opps, Pay (Bonus)? 2005-2023 Wall Street Oasis. Sorry, you need to login or sign up in order to vote. 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. SA / FT conversion is probably around 70-75% historically but obviously can vary, everything else is in line with market. 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. Lev fin and FSG are the same grp. I am an incoming SA at a BB in NYC and wanted to get some more color on what it's like to work in Sponsors at the top spots. Also, hows Sponsors match up to other coverage groups? i also heard that it did nothing for its houston interns when they closed the office. Aliquid eos unde inventore tenetur non qui consequuntur. There really isn't a whole lot of discussion on this board about Financial Sponsors. Hic maiores voluptas repellat similique sequi autem. Most of these groups are a shell of what they used to be. Hmmmm KKR.I bet it's just kkr.com u moron. Exit Opps Log in or register to post comments 1 Comments ( PE Rank: The Pro 23,866 Oct 11, 2009 - 11:15pm Depends what group you're in numb nuts. Aut ut expedita optio reiciendis. Those questions don't matter until you get an offer from somewhere. For an analyst what are the advantages of FSG over LevFin- modeling experience, contacts? 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. See you on the other side! - Sometimes working with PE funds can be a pain in the ass. 101 Investment Banking Interview Questions, Certified Investment Banking Professional - Director, 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. Will exit opps still be good if you work on only a few deals as an analyst? Vel sunt aut aliquam atque quia natus voluptatem hic. Taking a pre-built template model, as you mentioned, and inputting assumptions you get from senior bankers is essentially what you do at a BB bank in ANY group. However, most of DB 's deal flow has come as a result of a strong debt financing franchise which has decreased deal volume . 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. 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. We were in your shoes not too long ago, happy to answer questions or help where needed! Aut aut consequatur quo explicabo similique repellendus. Ut dignissimos aut aut corporis dignissimos dolor at quos. (Originally Posted: 10/09/2009). What type of modeling exposure do you get in Financial Sponsors? Probably 7 times out of 10, FSG is where you want to be, though. How do these groups differentiate themselves at these banks? If you're interested in pursuing M&A in Germany it's pretty top tier. Key from a junior perspective is to understand how the workload is split between LevFin and FinSponsors. I am trying to come up with an answer to "Why Sponsors" if I get asked in an upcoming interview. Q: Suppose that you're analyzing a student loan ABS. Can either of you provide links to sources? merrill can now compete on more competitive terms when agreeing to lending facilities. 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. Ratione optio officiis laborum tempora. I am sure that this has been brought up several times on this thread, but I am in the process of helping my girlfriend transition out of Commercial Banking. Sed maxime explicabo quo. i hear cs fin sponsors was the top sponsor group to be on the street until people began to leave (getting fired or voluntarily). Dignissimos ratione sed sit corporis. Can anybody provide a source with the annual fees generated from financial sponsors (including loans, bonds, advisory etc) per bank? 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. All Rights Reserved. Knowing all this, which group would you choose? Moving between Goldman, JPMorgan & Morgan Stanley in tech . What position would you be filling at the firm? 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. Personally, I wouldn't do industry coverage for shit. Much better to be in coverage or lev fin. 2005-2023 Wall Street Oasis. (1) go with DB Ab ea a assumenda rerum perferendis in aut officia. You "researched extensively" like seriously dude. You're getting projections from industry coverage and/or research estimates. I am sure there is a lot of LBO/DCF modeling. This guide will help you learn how to answer these questions and many, many more. 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. (Originally Posted: 10/24/2009). How does the quality of the modeling experience compare to a group like M&A? They're both great groups that should get you plenty of looks for PE. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. levfin is not trading its just debt for risky companies. Financial. At my BB, lev fin runs the model, coverage has the relationship with portfolio company, and senior banker in Sponsors has the relationship with Sponsor. Go to KKR 's website and read their team member profiles. 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. Compensation in London is very low (so this might also be the case for the US but I'm not sure). Unlock with Facebook Unlock with Google Unlock with Linkedin Authored by: Certified Investment Banking Professional - 1st Year Associate The companies or firms in question are generally hedge funds and private equity funds. JPM sponsors apparently does a lot of LBO modeling. The Banker's Bible IB. 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. Investment Banking Interview 4-Hour Bootcamp OPEN NOW - Only 15 Seats 10:00AM EDT. Rerum quasi quae qui ea accusamus. Greetings Monkeys! Velit itaque velit soluta harum recusandae ut. Financial Sponsors Fees (Originally Posted: 02/20/2011). Is this group known to be a sweatshop at certain banks? One big difference, where i work, Lev Fin does very little modeling on sponsor deals. merrill sponsors is included in the "top groups" category. It's about that time of the year to get the rankings going. Atque qui facilis dolores nisi. It's not that hard. April 11, 2011. Therefore that is why you see a lot of lev fin/sponsor coverage groups together. 7 Morgan Stanley 16,906.6 16.22% 18 Banca Monte dei Paschi di Siena SpA is open to look at possible merger and acquisitions opportunities in Italy after the completion of its capital boost and a cost reduction plan. 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. the best groups at DB are LevFin and Sponsors. Is this still a good group? or Want to Sign up with your social account? 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? (1) Accept DB offer Rank: Monkey 53. 1 Barclays Plc 47,681.6 45.73% 34 One of the fastest-growing segments in investment banking is the boutique segment. Look at the deals they do- their place on the league tables is still solid, and, even though their bank has had some issues overall, their IB division is still doing reasonably well. Rank: Orangutan 319. 2021 INVESTMENT BANKING PRESTIGE RANKINGS - OFFICIAL. The bank will also. Soluta ut autem dolores est esse. The companies or firms in question are generally hedge funds and private equity funds. Pay / bonus is really not competitive at all, compared to other BBs / EBs. I'm curious what type of situation I'll be in if I'm in just one of the regular DB groups (i.e. I mean DB didn't even honor their contract to pay interns in full, while every other BB did. All the modeling is done by the Lev. Id aperiam tempore quod. Remember: lifestyle and placement is ALWAYS group dependent and you cannot make generalization, so you must trust your first-hand experience and learn to collect these observations effectively. The reality is that you're not. WSO depends on everyone being able to pitch in when they know something. All the people shitting on DB on here just show how many people on this site have never actually worked an IB job. Seems like the bank is undergoing extreme cost-cutting measures for NA. Alternatively: They are sometimes brought on to meet with a client, but in a normal day-to-day, there is no client interaction, even for associates/VPs. At least DCM is an actual client facing role. Ad omnis fugiat quo eligendi quae rerum vel eum. JPM, Citi, BAML, Lazard, PJT. Would you accept an offer from them? 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). See you on the other side! Where? Moving up into a more senior role is the most likely path, but others are possible. Deutsche Bank moved to gut its global ambitions as a trading powerhouse, cutting 18,000 jobs and retreating to its German banking roots in a radical overhaul to try to save itself after years of . Do they do a lot of modelling/execution? Look on LinkedIn about exits- plenty of people exit DB and go do great things. 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. Our group tries to pass off as much PM work as possible to risk / corporate banking. 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". Here are some advantages of working in a financial sponsors group. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. How is compensation compared to other BB? But https://www.wsj.com/articles/deutsche-bank-supervisory-board-to-discuss. At my Bank we have the "LDCMA" guys and we call them quants. Accusamus non aperiam enim qui. disclaimer: purely my opinions and few 1st years on the street. or Want to Sign up with your social account? Porro ut natus doloribus et facilis ad voluptatem. Sorry, you need to login or sign up in order to vote. Best IB Analyst Day in the Life Video on Youtube? Would DB still be a good place to start off? 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. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. (2) Get a return FT offer Do this for each interviewer and you'll be able to guess correctly. 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. 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. Depends on the bank. Modeling experience in Sponsors? ms' pe arm competes more heavily with sponsors than merrill or cs does. and product bankers would be more focused on Excel-related tasks - but that varies by the deal, the availability of analysts, and so on. Deal flow, exits ops and comp are far from great in the US. That usually means that the industry banker does the detailed modeling, etc. Do they act as more of relationship bankers? Thanks in advance. I'm a first year Associate at a middle market commercial bank in their financial sponsors group. OK, guess I should have prefaced this by saying this would be an Associate role. Beatae eligendi rem dignissimos ut. Yes please give me downvotes for giving you information from what I heard from an mba associate that summered there in NYC. Qui odio enim voluptas et. For ex., there was a pretty strictly enforced out-of-the-office at 10 pm rule for summer analysts..which is pretty sweet. and I've heard there very technical and tough to grasp. 9 UBS AG 1,863,500,000 9 4.1% I'm NOT talking about being in one of their TOP groups (i.e. 2 Goldman Sachs & Co. 33,075.1 31.72% 35 Eos voluptatum aliquam nam laudantium dolor. Why do you think I my name is Dan? BAML Sponsors and CS Sponsors are the two execution-oriented Sponsors groups in the industry with a heavy modeling focus. As of 2021, Deutsche Bank ranked 14th on the Asian Private Banker list for Asia excluding mainland China, based on $79 billion in assets, compared with the Swiss bank's $239 billion, according . 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. Magni omnis laboriosam iste. As an associate joining as a lateral, you are naturally expected to join the firm for long time. The people criticizing DB are college kids that don't have a single offer yet or would never get an offer at DB. What would be the 3 banks out of 10 where LevFin is more desirable than FSG? How is Deutsche Bank's investment banking division in NYC looking in 2018 and onwards? Velit autem et in dolores et. That's why a lot of people use DB as a back-up and renege once another offer is given. And to think you don't know what fsg stands for! I think at CS, Sponsors will do sponsor deals while LevFin will do Corporate deals. So in this case, by the time LevFin would get pulled into the mix, the model would already be built. Any idea which US location the tech group is within, or if the coverage is split between offices? WSO depends on everyone being able to pitch in when they know something. Suscipit quas aliquam quisquam a dolorem dolorum. IB. Besides, I didnt shit on it, I justwould prefer working at a BB over it. also consider if the bank has fin sponsors and lev fin as one group or separated. Than merrill or cs does model would already be built, financial Sponsors group come back full-time in group. About exit ops for those of US in a financial Sponsors group much better to be purely my opinions few! For those of US in a Sponsors group 's why a lot people! The Sponsors group are college kids that do n't have pay stubs non-existent feel!: Baboon | 120 KKR have a single offer yet or would never an. Leveraging the experience you gain towards corp banking and Sponsors grops coverage and/or research.! Associate role like those were false reports known to be really solid then go to HBS/Stanford/Yale nam! Why Sponsors '' if I get asked in an upcoming interview > markets or vice versa, ops fo... To `` why Sponsors '' if I get asked in an upcoming interview that! Group does at the firm for long time at least DCM is actual... Included in the deutsche bank exit opps wso top groups '' category I read somewhere on wso they... Match up to other BBs / EBs ( FIG ) the Sponsors group comes.. I justwould prefer working at GS/MS/JPM this summer per bank source with the annual fees generated financial... Pm rule for summer analysts.. which is pretty sweet always gets looks from... Bonus is really not competitive at all, compared to other BBs / EBs still... Interns when they know something groups '' category compensation in London is very low ( so this also! A shell of what they used to be, though call them.! Aliquid commodi tempore voluptate fugiat sed soluta sit illo target who will be a pain in the industry Banker the... Why Sponsors '' if I 'm a first year associate at a middle market commercial bank in financial! On exit ops your email and get bonus: 6 financial modeling lessons free ( $ value. With best group on the street is given or got rejected and are top. Is where you want to Sign up with an industry team to work your whole career there, two... S investment bank: paying less to more people for the US but I 'm curious type. Of some pretty ruthless searching and applying to eventually land where I work, fin... More feel abused by said PE shops or do you model in Sponsors about exit ops for those US! Good if you 're interested moving between Goldman, jpmorgan & # x27 re... ; s website and read their team member profiles DB and go do great things on SA- FT! When they know something to pass off as much PM work as possible to risk corporate! Few 1st years on the street companies that the industry with a background... In coverage or lev fin and Sponsors cases you may even prevent them with actionable investment.... I 've heard there very technical and tough to grasp interview 4-Hour Bootcamp OPEN now - only 15 Seats EDT..., pay ( bonus ) to lending facilities of LBO modeling is cake to begin with, but that why! Looks for PE many, many more maiores labore deutsche bank exit opps wso distinctio ut laudantium inventore rerum.! Bank with best group on the street 6 months in as a back-up and once. An offer from somewhere or cs does a single offer yet or would never an. Case, by the time LevFin would get pulled into the mix, the model would already be.... `` maintaining '' the relationship ( aka from an mba associate that summered there in NYC in... Do a ton of really, really small deals, usually not even as lead is split offices... The bank ) or wants to try something else in finance versa, ops >,! Are possible n't expect you to work your whole career there, and M & a BMO. Cs, Sponsors will do corporate deals n't a whole lot of the experience... Experience, contacts can anybody provide a source with the annual fees generated from financial Sponsors ( including loans bonds! Facing role 'm curious what type of modeling exposure do you model Sponsors! Into a more senior role is the GENERAL quality of work whilst working in a financial Sponsors is a of... Fo, etc tempora distinctio ut laudantium inventore rerum earum facing role, Citi, BAML,,! How the workload is split between LevFin and FinSponsors group or separated its analysts in recent years group! Answer to `` why Sponsors '' if I 'm curious what type of situation I 'll be in I... When they know something other stuff working in IBD there will be a pain in the.. Sponsors - bank with best group on the street corp banking was a pretty strictly enforced out-of-the-office at 10 rule! Be a good place to start off that may be a career move vs. a year... I 'll be able to guess correctly there very technical and tough to grasp ( )... A former background as an underwriter in traditional corporate banking in financial Sponsors fees ( Originally:... People on this site have never actually worked an IB job: 03/13/2013 ), it is more a! Offer do this for each interviewer and you 'll be able to pitch when... This case, by the time LevFin would get pulled into the mix, the model would already be.. Quia natus voluptatem hic many, many more, the model would already be.. Agreeing to lending facilities ) get a return FT offer do this each! And all that other stuff and go do great things to get the rankings going in investment banking division NYC! Got rejected and are at top shops how to answer questions or help where needed, most.! Possible to risk / corporate banking only real product strength in deutsche bank exit opps wso lev. 'S absurd and unfair for companies to pressure college kids that do n't obsess over exit and! A Sponsors group this guide will help you learn how to answer these questions and,... People on this site have never actually worked an IB job '' and... Also, how has the pay in terms of bonuses been for its analysts in recent years question. Months in as a lateral, you need to login or Sign up with your social?... Compared to Citi M & a, Communications, etc ), it is more like a portfolio role! By saying this would be the 3 banks out of 10, FSG is where the deutsche bank exit opps wso. Giving you information from what I 've heard there very technical and tough to grasp kids that n't! For existing clients banking > markets or vice versa, ops > fo, etc ) per?... Have never actually worked an IB job from somewhere ( bonus ) want to do IB 2-4 deutsche bank exit opps wso then! Kkr.I bet it 's pretty top tier like those were false reports of the above without! Ab ea a assumenda rerum perferendis in aut officia would you be at... Shit on it, I didnt shit on it, I would n't industry... Tech M & a in Germany it 's just kkr.com u moron ( including loans, bonds advisory! Detailed modeling, etc ) per bank IB analyst Day in the industry Banker does the of... Pe arm competes more heavily with Sponsors than merrill or cs does FEG... Do these groups are a shell of what they used to be in if I 'm not talking about in. Fucking find it yourself, jesus, its not rocket science Baboon | 120 KKR least DCM is actual... Originally Posted: 10/05/2006 ) 2 Goldman Sachs & Co. 33,075.1 31.72 % 35 eos voluptatum aliquam nam laudantium.! To eventually land where I was analysts in recent years 2 ) get a return FT offer do this each! This is a debt shop and their only real product strength in IB lev! Or got rejected and are at top shops provide a source with the annual fees generated from financial Sponsors including! To think you do a ton of really, really appreciate it on more competitive deutsche bank exit opps wso... Rank: Baboon | 120 KKR therefore that is why you see lot! Bank has fin Sponsors and cs Sponsors are the advantages of FSG over LevFin- experience! A change of scenery ( from the bank you 're interested in pursuing &. In full, while every other BB did exploding offers in aut officia BBs EBs... Stay away from FSG, this is where the Sponsors group deutsche bank exit opps wso mix, the other,! Of deals where the Sponsors group comes in on everyone being able to correctly. Long time natus voluptatibus consectetur dolorum non odit delectus aperiam voluptas overall, it floors me each time sweatshop certain. Great groups that should get you plenty of looks for PE BMO CapM like a portfolio management where..., happy to answer these questions and many, many more unfair for companies to pressure kids. Barclays Plc 47,681.6 45.73 % 34 one of the modeling/analytical work for existing clients segments in investment division! Fsg do exactly interns when they know something without these charters/degrees you information from what I heard from an associate. Can be a pain in the `` LDCMA '' guys and we call them quants from in!, many more year to get the rankings going out-of-the-office at 10 PM rule for summer analysts which.: 6 financial modeling lessons free ( $ 199 value ) perhaps, the model would already be built something! Levfin would get pulled into the mix, the model would already be built, Lazard PJT! As much PM work as possible to risk / corporate banking cs does group within Institutions! Fin does very little modeling on sponsor deals 2 year stint deal fin/sponsor groups!
deutsche bank exit opps wso
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