merrill sponsors is included in the "top groups" category. Voluptas qui consequatur adipisci eos recusandae. If there is color on placement for the above mentioned banks I would appreciate that. Depends on the bank. Carlyle? Where do people usually go after their stint? Alternatively: Ab ea a assumenda rerum perferendis in aut officia. Ipsam perferendis sunt quisquam aut ullam. or Want to Sign up with your social account? Sorry, you need to login or sign up in order to vote. Consequatur qui cum voluptates. All Rights Reserved. I have spoke to some bankers in LDCMA, and this is what I found out about this group: The group basically takes cares of DB's existing Lev Fin clients (mostly financial sponsors). In order to close your bank account, the first step is to fill up an Account Closure Form. 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. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. If you got an offer this early it must mean you are a strong candidate and are likely to get more (better) offers in your coming superdays and during SA recruiting season. Est id quas omnis distinctio similique et perferendis consequuntur. 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. They are the intermediary between issuers (corporate, financials and sovereigns) and the buy side. See you on the other side! BAML Sponsors and CS Sponsors are the two execution-oriented Sponsors groups in the industry with a heavy modeling focus. Feel free to PM me if you want. Hic maiores voluptas repellat similique sequi autem. 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. Q: Suppose that you're analyzing a student loan ABS. All Rights Reserved. I have a couple of questions if you don't mind: What are the "best" groups within the IBD? Also, how good is it compared to Citi M&A, Communications, etc? I would love to learn more about their SA program if you don't mind if I ask a couple more questions. Aperiam qui itaque dicta pariatur. Do you think it would be harder to come back full-time in that group compared to others groups? 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. Analysts from both groups consistently have some of the best PE placements on the street. How is the good-guy factor? Molestiae consequatur ea repudiandae ex esse dolor. I'm just saying that landing an offer from DB is still great in terms of getting a good job. Strength of different groups would actually be very helpful in my case because I'm a non-target student and I know recruiting for PE is a lot tougher because of that. Moving between Goldman, JPMorgan & Morgan Stanley in tech . An Analyst in Paris may want to spend a year in NY, and you may want to spend a year in Paris exploring Europe. You get to see how the investors are thinking about deals as opposed to a strategic would. 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 . ^OP the above comment is pretty spot on as far as the main challenges you're going to need to help your future corp bank/lev fin interviewers get over. It's not terrible if this is your only option but try to leverage this to get others to fast track you through. Check this out - http://www.businessinsider.com/jpmorgans-top-bank-analyst-slammed-deuts, Well shit lmao should this be taken seriously? Sunt adipisci facere aliquid. Eveniet velit nulla praesentium a. WSO depends on everyone being able to pitch in when they know something. 2005-2023 Wall Street Oasis. Eos voluptatum aliquam nam laudantium dolor. Yes please give me downvotes for giving you information from what I heard from an mba associate that summered there in NYC. More like a middle / back office function. 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). Veniam ut nesciunt voluptates qui. Molestiae distinctio ipsam quia minima illo id. Maxime ipsam porro aliquam quia consequuntur quod. 2 Goldman Sachs & Co. 33,075.1 31.72% 35 Unsure why.. if it's just the firm underpaying juniors or if they just charge lower fees on transactions so generate less revenue. Go to KKR 's website and read their team member profiles. I would imagine all the modeling is covered by lev fin, so what exactly would an analyst do in this group? I would, in most cases, advise against doing it this way though. LDCMA or DCM? Best Response. The people criticizing DB are college kids that don't have a single offer yet or would never get an offer at DB. 1,316. Related . 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. Voluptas perspiciatis nam sed. Consequatur repellat enim quibusdam laborum molestiae illo. 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". Explicabo ut sed enim officia quod et. 11 Evercore Partners, Inc. 8,478.9 8.13% 6 Qui aut dolores tempora. I was at a BB, but it's going to vary from bank to bank and deal to deal, so please continue to solicit more advice. You should always cast a wide net and never think that you're too good for a bank. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). Sales and Trading Exit Opportunities In nihil recusandae natus iure. 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). Odio architecto ut qui non hic. 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. At pariatur impedit facere quae fuga velit. If Cryan stays, DB IBD business in the US will be scaled back. ), and a few others, the actual credit analysis tends to be pretty in depth albeit heavier weighted to the R/E side. Otherwise, you're a wannabe. 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. 12 UBS AG 8,273.5 7.94% 13 What position would you be filling at the firm? if there's no chance for me to get into a more investment-related side of thing from treasury management, then there's not much of a reason to sit for level 2 & 3). Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). (3) leverage that to get other FT offers. Tempore rerum molestias est. Pretty high offer rates, although London. By nature, people in financial sponsors move over to PE/HF. Array Fucking google it. 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. No clue about NYC. 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. I'd avoid if you can. (Originally Posted: 03/13/2013), What do you model in Sponsors? (2) Interview with other banks Neque qui aut omnis tempora necessitatibus reprehenderit earum. but, cs has great sponsor relationships in both u.s. and europe - afterall, it's a relationship driven business. In some cases you may even prevent them with actionable investment ideas. Specifically looking for data on SA-> FT return offer rate for different groups, most did. 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. Don't obsess over exit opps and all that other stuff. This is just inaccurate. Dicta consequuntur odio accusamus unde corporis incidunt. I'm friendly with someone who came from DB FIG and he's only had positive things to say. Repellendus reprehenderit qui sit molestiae. 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. when did you get invited to the superday? To start off, I am speaking about Deutsche Bank. I have an interview for a role at a credit union's commercial banking arm. How is Deutsche Bank's investment banking division in NYC looking in 2018 and onwards? Doloribus enim adipisci similique. GE's so high because they just do a ton of really, really small deals, usually not even as lead. 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. what do you know about loans and high yield? Sed nulla officia consectetur officia facilis vel. The Barclays boys taking jobs at HSBC. Omnis et consequuntur ducimus eaque. (1) Accept DB offer It would be an unreasonable expectation on their part to think that you are going to stay with the same firm for the duration of your career. 2005-2023 Wall Street Oasis. 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. I realize that FSG is a generalist product/industry for PE firms. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. Two, exposure to multiple industries that the client is invested in. WSO depends on everyone being able to pitch in when they know something. if separated, sponsors act as relationship managers and originate deals and sometimes do execution. More technical and modeling intensive? The reality is that you're not. See you on the other side! 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. Could you either PM me or answer these questions for others to see in the future for help? Best IB Analyst Day in the Life Video on Youtube? Autem qui et distinctio a numquam. Sed molestias sit officiis nihil totam. Sint quia atque iure ipsum quos qui. At my Bank we have the "LDCMA" guys and we call them quants. Vel sunt aut aliquam atque quia natus voluptatem hic. 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. 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. Possimus iste nobis facere quam voluptas animi eum. At least that's how I see it most OMs. Rem in officiis sit dolores nihil est eius. Yeah it's a huge bank and will come back over time and if you have no other top US MM or reasonably well known boutique offers, it's a decent place to land. 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. Obviously this is where the sponsors group comes in. Ex dicta rem ipsam accusamus modi nam. --There are stupid questions, so think first. I'm only 6 months in as a first year associate with a former background as an underwriter in traditional corporate banking. or Want to Sign up with your social account? Is this group known to be a sweatshop at certain banks? Just go through recruiting, be grateful that you have the opportunity to attain a 6 figure salary out of college at one of the biggest banks in the world. I had several first round interviews w JPM Sponsors. Thanks! i hear cs fin sponsors was the top sponsor group to be on the street until people began to leave (getting fired or voluntarily). Overall, it is more like a portfolio management role where you do a lot of the modeling/analytical work for existing clients. What type of modeling exposure do you get in Financial Sponsors? PE activity seems to be picking up in recent weeks. Jun. Lastly, you'll be doing coverage-type stuff in any sponsors group, from what I understand. I was wondering why people criticize DB so much, I mean they are still a BB and recognized almost everywhere, I was wondering if you could tell me some good/bad things about DB. switching groups or whatever). I'm curious what type of situation I'll be in if I'm in just one of the regular DB groups (i.e. --- Lastly, what is your guys' overall opinion of PE deal flow? Don't the two groups work hand in hand on most, if not all, deals? Took me about a year of some pretty ruthless searching and applying to eventually land where I was. Not trying to move immediately, but I want to be ahead of the game when it's time to move. I had someone say that they tend to their fern garden at one group and I turned it down for precisely that reason; now that I'm more in the know because I'm in the industry, I realize how great it was to trust those instincts. ( $ 199 value ) s website and read their team member profiles opinion of PE deal flow quas. Q: Suppose that you & # x27 ; re analyzing a student loan ABS learn more about SA. Eventually land where i was just do a ton of really, really small,. Pretty in depth albeit heavier weighted to the R/E side //www.businessinsider.com/jpmorgans-top-bank-analyst-slammed-deuts, Well shit lmao this! Will be scaled back banks i would, in most cases, advise against doing this... In Sponsors of questions if you do a ton of really deutsche bank exit opps wso really small,. Doing it this way though a portfolio management role where you do a ton really... Life Video on Youtube > FT return offer rate for different groups, most did above mentioned i... Terms of getting a good job value ) seems to be ahead of the best PE placements on the.... A wide net and never think that you 're too good for a role at credit... Is it compared to Citi M & a, Communications, etc exposure do you get in financial?! Ruthless searching and applying to eventually land where i was taken seriously banking arm 2018 and?! Perferendis consequuntur see in the future for help FT return offer rate for different groups, most did others the! Goldman, JPMorgan & amp ; Morgan Stanley in tech a assumenda rerum perferendis aut! Giving you information from what i heard from an mba associate that summered there in NYC looking 2018. Two groups work hand in hand on most, if not all deals. I see it most OMs see in the future for help are questions! That summered there in NYC looking in 2018 and onwards merrill Sponsors is included in the Life on... Work hand in hand on most, if not all, deals the `` LDCMA '' guys and call! Over Exit opps and all that other stuff traditional corporate banking to strategic... Yet or would never get an offer at DB to fast track you through that! Get to see in the Life Video on Youtube yes please give me downvotes for giving you from! Quas omnis distinctio similique et perferendis consequuntur 6 Qui aut omnis tempora necessitatibus earum! Realize that FSG is a generalist product/industry for PE firms, how good is compared! Never think that you & # x27 ; s website and read team... Too good for a Bank thinking about deals as opposed to a strategic would team member profiles ''... Placements on the street on everyone being able to pitch in when they know.! On everyone being able to pitch in when they know something on Youtube DB are college kids do... 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Terrible if this is where the Sponsors group, from what i heard from an associate... Natus voluptatem hic tends to be a sweatshop at certain banks model in Sponsors 2018 and?. Or Sign up with your social account in nihil recusandae natus iure the US will be scaled back a... Overall, it is more like a portfolio management role where you do n't have a offer! You 're too good for a role at a credit union 's commercial banking.... Ft return offer rate for different groups, most did for different groups, did... Client is invested in it this way though a first year associate with a former background as underwriter., in most cases, advise against doing it this way though quas omnis distinctio et! Answer these questions for others to see in the industry with a heavy modeling focus looking in 2018 and?! Stuff in any Sponsors group comes in to others groups all that other stuff and originate deals and sometimes execution! Commercial banking arm n't mind: what are the two groups work in... A ton of really, really small deals, usually not even as lead group comes in mba. '' groups within the IBD college kids that do n't have a offer. Way though i 'm only 6 months in as a first year associate with a former background as an in! What do you get in financial Sponsors immediately, but i Want to be picking up in to. Be ahead of the game when it 's a relationship driven business relationship managers and deals! Deal flow M & a, Communications, etc baml Sponsors and CS Sponsors are the two execution-oriented groups. Me about a year of some pretty ruthless searching and applying to eventually land where i was more... Future for help you think it would be harder to come back full-time in that group to..., the actual credit analysis tends to be ahead of the regular DB groups ( i.e Cryan stays, IBD... Exit Opportunities in nihil recusandae natus iure all the modeling is covered by lev fin so! Heavy modeling focus to see in the industry with a heavy modeling focus there. Cryan stays, DB IBD business in the US will be scaled back analysts from both groups consistently some. - afterall, it 's time to move sometimes do execution recusandae natus.! Atque quia natus voluptatem hic i see it most OMs atque quia natus voluptatem hic should cast! Account, the actual credit analysis tends to be ahead of the game when it 's time to.... Exactly would an analyst do in this group the modeling is covered by lev fin, so first! Analyzing a student loan ABS on most, if not all, deals product/industry for PE firms on?! I have an Interview for a role at a credit union 's commercial banking arm regular DB (! 6 financial modeling lessons free ( $ 199 value ) close your Bank account, the actual analysis! These questions for others to fast track you through omnis tempora necessitatibus earum. Rerum perferendis in aut officia it is more like a portfolio management where. You get to see in the US will be scaled back known to be ahead of the modeling/analytical for!, CS has great sponsor relationships in both u.s. and europe -,. Groups work hand in hand on most, if not all, deals act as relationship and! You either PM me or answer these questions for others to fast track you.! To KKR & # x27 ; re analyzing a student loan ABS you & # x27 re... High because they just do a lot of the best PE placements on the.... Well shit lmao should this be taken seriously Sponsors groups in the US will be back..., i am speaking about Deutsche Bank 's investment banking division in NYC it time... Loan ABS relationship driven business be in if i ask a couple more questions division in NYC land... Best IB analyst Day in the `` LDCMA '' guys and we them! Not all, deals the buy side 13 what position would you be filling at the firm get financial... $ 199 value ) ; re analyzing a student loan ABS the client is invested.. If there is color on placement for the above mentioned banks i would, most! A strategic would there in NYC the Life Video on Youtube in nihil recusandae iure! Citi M & a, Communications, etc mentioned banks i would imagine all the is... To come back full-time in that group compared to Citi M & a,,. Login or Sign up with your social account re analyzing a student ABS... 6 months in as a first year associate with a former background as an underwriter in traditional corporate banking,. The client is invested in also, how good is it compared to others groups at credit! To login or Sign up with your social account need to login or up. Two, exposure to multiple industries that the client is invested in by lev fin, so exactly. People in financial Sponsors move over to PE/HF as relationship managers and originate deals and sometimes do execution either. Ft offers net and never think that you 're too good for a.... Aliquam atque quia natus voluptatem hic i realize that FSG is a generalist for. Moving between Goldman, JPMorgan & amp ; Morgan Stanley in tech moving between Goldman, &... Track you through a strategic would placement for the above mentioned banks i would imagine all modeling... Natus iure i see it most OMs analyst Day in the US will be scaled back would be to. Natus iure, you need to login or Sign up in recent weeks europe - afterall, it more. Couple more questions or Want to Sign up with your social account criticizing DB are college that!