You don't do much modeling in most sponsors groups. 2005-2023 Wall Street Oasis. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. More technical and modeling intensive? 7 Goldman Sachs & Company 2,000,937,500 5 4.4% i also heard that it did nothing for its houston interns when they closed the office. I have a couple of questions if you don't mind: What are the "best" groups within the IBD? Again, just my thoughts on my experience / kids I know, but I'm sure others at similar large banks could have had vastly different experiences. (2) Interview with other banks Thanks for your input. Do you know how is DB viewed for B-School applications? The second is a Leveraged DCM (Lev Fin) group, however, it is called LDCMA, with the "A" standing for analytics. Downsides: 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). 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. Error sit harum mollitia eum. Why do you think I my name is Dan? Rank: Orangutan 319. 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. Sed eos ex et quisquam in maxime aut. OK, guess I should have prefaced this by saying this would be an Associate role. Rerum quasi quae qui ea accusamus. Natus voluptatibus consectetur dolorum non odit delectus aperiam voluptas. I am self-employed and don't have pay stubs. The companies or firms in question are generally hedge funds and private equity funds. Nihil ratione fugiat quod rerum reprehenderit debitis. Odio architecto ut qui non hic. Omnis ut modi odit. April 11, 2011. Once the group is mandated on an LBO, FSG will bring a Lev Fin product team to help them execute the transaction. It is still very early. 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. At the end of the day, relying on firsthand experience like this will help you as much or more than polling people in WSO. If I'm starting this summer at a firm with a great Financial Sponsors group, is it wise to be placed in that group with the current state of the markets? You shouldn't be looking at exit opps at this point anyways either. Lastly, you'll be doing coverage-type stuff in any sponsors group, from what I understand. merrill sponsors is included in the "top groups" category. Eveniet velit nulla praesentium a. WSO depends on everyone being able to pitch in when they know something. 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. Autem qui et distinctio a numquam. As someone who researched, recruited, and interviewed (Superday no offer) with DB last summer, I can say that it is definitely a great place to start your career. Make a ton of profiles? also consider if the bank has fin sponsors and lev fin as one group or separated. I don't think they want to hear potential Associates talk about exit ops. Also, how hard is it to be promoted from A2A? At least DCM is an actual client facing role. Modi est sed dignissimos maiores iste quae. Also, what % of their intern class receives full-time offers in IBD? 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. Financial Sponsors Fees (Originally Posted: 02/20/2011). 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??? 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). How is compensation at DB compared to other firms? FSG maintains relationships with sponsors just like any other industry group would maintain relationships with their clients. Positives: 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. FSG will do alot of the work to get the deal mandated (lev fin will of course help but FSG drives the process), that means pitching, getting credit approvals, dealing with the sponsor, and running with the model. Financial Modeling & Valuation 2-Day Bootcamp OPEN NOW - Only 15 Seats Apr 29 - 30 10:00AM EDT. Heard the culture can be a bit over-compensate-y. Exit ops are generally other commercial/corporate banking roles in a more senior capacity, investment banking, direct lending, credit funds, business school, etc. Could you speak about some of the groups at DB that you are more familiar with in terms of their culture? Those with modelling experience mostly exit to PE and sometimes to distressed funds. 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. dontloseit IB. When there is a potential buyout of some sort, financial sponsors will work with other industry/coverage groups to work on the financing details. 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. Was starving on 100% commission and no advance. 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. Venture Capital 4-Hour Bootcamp - Sat May 20th - Only 15 Seats 10:00AM EDT. 0 . In general, or are you talking about a particular bank? 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. DCM is the better role. Please stop calling me Dan. Greetings Monkeys! There's gotta be current/former DB bankers on WSO not even something you heard from friends or colleagues? Consequatur repellat enim quibusdam laborum molestiae illo. Dicta quasi velit incidunt occaecati. Also ask your interviewers "what do you do for fun?" (2) Get a return FT offer Heard the opposite. I've found that many people have transitioned across the board both by group and division (i.e. I think it is OK to state your intention to go into PE. Sunt blanditiis tempora eligendi maxime ut eaque. Vel rerum repellat voluptatum. merrill can now compete on more competitive terms when agreeing to lending facilities. They don't expect you to work your whole career there, just two years as an analyst. Suscipit quas aliquam quisquam a dolorem dolorum. Curious to understand what percent of DB IBD summer interns receive a full-time return offer. This has been discussed somewhere here. what does sponsors do (Originally Posted: 10/05/2006). For USA caution is best advised, cuts may be ahead especially for S&T. Magni saepe iste voluptatem quo distinctio eum magnam. Not sure how/if the coverage is split, but I do know that they focus on tech in SF. 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? Not sure about this, but this Board believes that UBS LA is a great place to start your career, so I guess PE exit opp are awesome there. No problem. The following groups are the top ten financial sponsors groups.Sourced from theThomson and Reuters Global investment Banking Overview published in the first half of 2016. In some cases, LevFin plays the role discussed above. 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. The Summer associate rates were terrible last summer as they totally did away with the program. Soluta et quisquam velit dolor. They transferred all of their Houston interns to be New York interns for that summer. Eveniet non natus placeat accusamus mollitia. Would DB still be a good place to start off? It's the best. disclaimer: purely my opinions and few 1st years on the street. what about cs sponsors vs. lev fin? Ea id sint libero alias ullam culpa. If you know anything about FSG, feel free to give your opinions. All Rights Reserved. But https://www.wsj.com/articles/deutsche-bank-supervisory-board-to-discuss. Ad in earum voluptatem. In the fintech/startup space, she could look into peer-to-peer lending. --- Lastly, what is your guys' overall opinion of PE deal flow? 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). Pay / bonus is really not competitive at all, compared to other BBs / EBs. Vel rerum consectetur deleniti vero sapiente qui molestiae. I would, in most cases, advise against doing it this way though. Which bank has the best financial sponsors group on the street? GE's so high because they just do a ton of really, really small deals, usually not even as lead. How could you have any idea that it is "definitely a great place to work". I want to do IB 2-4 years and then go to HBS/Stanford/Yale. In some cases you may even prevent them with actionable investment ideas. And no, before everyone says it, I don't work there (actually got rejected from DB even though I'm at a 'better' bank now). Thank you so much for all of that info, really appreciate it. The reality is that you're not. Thanks! WSO depends on everyone being able to pitch in when they know something. I'd talk to people in both, see who you like better. Carlyle? 10 Citi 1,318,333,333 5 2.9%. Overall, I'm thinking that a plain, vanilla DCM role will still got me better exit opps than LDCMA. Sorry, you need to login or sign up in order to vote. 0 . 2021 INVESTMENT BANKING PRESTIGE RANKINGS - OFFICIAL. In terms of analyst work, there is still a lot of financial modeling and fairly long hours. 13 RBC Capital Markets 7,167.0 6.87% 11 The Banker's Bible IB. Aspernatur facilis iusto harum quo. Also, hows Sponsors match up to other coverage groups? 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. Banks are very good about making rotations like that happen. SA / FT conversion is probably around 70-75% historically but obviously can vary, everything else is in line with market. 2005-2023 Wall Street Oasis. 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. 1.b. Perferendis quos voluptates dolor ab. See you on the other side! or Want to Sign up with your social account? I was hoping for corporate banking or leveraged finance. I am trying to come up with an answer to "Why Sponsors" if I get asked in an upcoming interview. The work is generally less technical in nature. 7 Morgan Stanley 16,906.6 16.22% 18 Maxime ipsam porro aliquam quia consequuntur quod. I think at CS, Sponsors will do sponsor deals while LevFin will do Corporate deals. 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. I'm just saying that landing an offer from DB is still great in terms of getting a good job. But how much is the BB brand worth nowadays? Stay away from FSG, this is a pitch group. Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. 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. Yes please give me downvotes for giving you information from what I heard from an mba associate that summered there in NYC. Voluptatem blanditiis laborum laborum aut. I know DB isn't quite considered a BB, so I was wondering what types of exit ops the firm has. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. Try to leverage it for a better bank or try to get some sort of group specific offer, scholarship, [something to make it worth it]. 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 . An Analyst in Paris may want to spend a year in NY, and you may want to spend a year in Paris exploring Europe. Product side is where its at. Beatae eligendi rem dignissimos ut. Blanditiis error quas tenetur quis provident voluptas exercitationem. Best IB Analyst Day in the Life Video on Youtube? Currently have an offer from DB IBD for 2019 SA, so I want to see what maybe current DB analysts or ppl with friends at DB think about the whole situation rn. chance of a megafund offer if one snags the group? or Want to Sign up with your social account? In the fintech/startup space, she could look into peer-to-peer lending. You get to see how the investors are thinking about deals as opposed to a strategic would. 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% Illum sed consectetur natus ullam at voluptatem debitis. May. To execute its transformation, the bank will significantly downsize its investment bank and aims to cut total costs by a quarter by 2022. - Sometimes working with PE funds can be a pain in the ass. Doesn't compare to any of those guys in the middle market space. My friends there say FEG is one of the top 5 for sure. LevFin is strong, same with REGL and M&A I guess. (Originally Posted: 10/31/2010). 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. Solid is an understatement, particularly if you're referring to Germany. How is compensation compared to other BB? congrats! DB had issues with bonuses (public reports on this, you can find) and AFAIK it's been brought back to comp rates since then. Industrial, TMT, are goodM&A is obviously a top group to be in at any bank. I'd avoid if you can. The Barclays boys taking jobs at HSBC. Probably 7 times out of 10, FSG is where you want to be, though. 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? Sunt adipisci facere aliquid. 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. but, cs has great sponsor relationships in both u.s. and europe - afterall, it's a relationship driven business. It's not that hard. 4 JPMorgan Chase & Co., Inc. 25,340.4 24.30% 21 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? The work is generally less technical in nature. At GS, I would argue go industry group over FSG or Lev Fin. I'm based in London so most knowledge on exits is related to Europe. Most likely not - I would advise against it. They said there were no associates in the group and when they bring in a deal they use an associate from the industry group and that the analyst that runs w the model comes out of Sponsors. Et excepturi eum officia magnam. How can I prove my income? Congratulations on the offer! In my mind, a good FinSponsor team is set up to give its junior bankers exposure on the execution side and have leading franchises in all products (LevFIn, M&A, IBD, Risk) so that your clients are keen to hear from you, Sponsors - seeking blunt color (Originally Posted: 12/01/2016), (Disclosure: please don't hit me with: "do a search" I know there are SIMILAR threads, but I have specific questions that pertain to near-future decisions in regards to a few specific banks. 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. Yes I second this as well. There are 2 kinds of people in this forum. 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. Yeah to build on this, had some friends intern at DB last summer. Thanks guys. Dignissimos ratione sed sit corporis. Rem in officiis sit dolores nihil est eius. If you have a Savings account with bank and interested to know how to it then following are the steps will have to follow: (1) Fill up the Account Closure Form of Deutsche Bank Account. Deal flow, exits ops and comp are far from great in the US. 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). go back to your boutique, son. From my past experience, sponsors did the modeling with boilerplate financing assumptions based on their understand of the company, industry and market and then pulled LevFin in for views on financing. How was the split between banks and what are the fees currently and expected from sponsors per bank? Aliquam nostrum tempore hic aliquid doloremque architecto nulla in. For someone who is working at an EB as an analyst (looked through your profile), what is your honest opinion on DB in terms of exit opportunities, best groups, deal flow, compensation etc. Our group tries to pass off as much PM work as possible to risk / corporate banking. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). 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. Personally I think it's absurd and unfair for companies to pressure college kids into accepting exploding offers. Let me know what you guys think. Knowing all this, which group would you choose? Why do you say 7 out of 10 times FSG is where you want to be? Commercial banking at a credit union exit opps (Originally Posted: 04/07/2018). Ipsam perferendis sunt quisquam aut ullam. Can't go wrong with MS Fin Sponsors. Ditto on M&A deals. 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. Ut quia quia dolorem voluptatibus quaerat omnis repellendus. Hic maiores voluptas repellat similique sequi autem. Qui aut dolores tempora. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). Id aperiam tempore quod. 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. Sed nulla officia consectetur officia facilis vel. 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. 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. Harum earum aut doloremque consequatur. Related . Thank you for the time, looking forward to some great insight. Don't the two groups work hand in hand on most, if not all, deals? Velit itaque velit soluta harum recusandae ut. 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. I'm specifically concerned with HEDGE FUND exit ops. if separated, sponsors act as relationship managers and originate deals and sometimes do execution. I realize that FSG is a generalist product/industry for PE firms. Since industrials companies execute so many debt deals, banks with strong Balance Sheets tend to do well in this sector. In nihil recusandae natus iure. If my priority is to gain top notch technical skills and exit to PE should I go for Sponsors or M&A? WSO depends on everyone being able to pitch in when they know something. Quam nulla quibusdam tenetur enim enim. 3. I was hoping you had some more info from experience or friends across the street. 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. WSO depends on everyone being able to pitch in when they know something. 2005-2023 Wall Street Oasis. ^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. I mean I've been told the hours are better because you don't sit around waiting for your MDs to leave work until you actually start working. At my Bank we have the "LDCMA" guys and we call them quants. This means that you covers companies of certain sector versus product coverage. I asked about their role on a deal and each analyst said they do all of the LBO modeling. 3 Credit Suisse 5,068,499,999 17 11.3% Aut aut consequatur quo explicabo similique repellendus. Atque dolore quo voluptatem in. Can anyone enlighten me on their experiences in the group? Error illo est laudantium id. Magni quasi at aperiam non consectetur nihil porro. All Rights Reserved. If I had other offers, would I accept an offer from DB? Middle market? 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. Technology. 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? PE activity seems to be picking up in recent weeks. 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. Categories of Top Investment Banks. Check this out - http://www.businessinsider.com/jpmorgans-top-bank-analyst-slammed-deuts, Well shit lmao should this be taken seriously? Same for Carlyle, same for MM shops. Soluta ut autem dolores est esse. Eveniet qui quibusdam qui dolore. Sed molestias sit officiis nihil totam. 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. Sorry, you need to login or sign up in order to vote. Look on LinkedIn about exits- plenty of people exit DB and go do great things. I think LBO modeling is cake to begin with, but those kids place very well. Please feel free to PM me for the answer to this question if you would like confidentiality. 5 Credit Suisse 20,474.9 19.64% 18 Alternatively: Highly agree. Tenetur nobis laudantium fuga et sint. Leave work early? Moving up into a more senior role is the most likely path, but others are possible. 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. All over the news at the moment with succession issue. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). Financial. Which group, LevFin or sponsors is executional at DB and BofA? Places where you'd probably rather be in Lev Fin: DB, BofA (toss up, I guess), Wachovia. I had several first round interviews w JPM Sponsors. With a new presidency and an impending doom like sense of a upcoming market cycle, is a group like Sponsors a questionable place to begin my banking career - or is that a ridiculous thing to consider and should I lay off the Zero Hedge? Obviously this is where the sponsors group comes in. Are these preferences based on modeling experiences or reputation of the group or something else? Anyone on WSO currently work in Financial Sponsors and can provide a "day in the life" rundown? Explicabo quas ullam veniam nostrum. Same for Carlyle, same for MM shops. See you on the other side! Does anyone know how modelling intensive the Financial Sponsors Group at Deutsche Bank is? Also, how good is it compared to Citi M&A, Communications, etc? BAML Sponsors and CS Sponsors are the two execution-oriented Sponsors groups in the industry with a heavy modeling focus. Illum neque voluptatem repellat non perferendis suscipit quos. No worries. 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. Molestiae consequatur ea repudiandae ex esse dolor. If there is color on placement for the above mentioned banks I would appreciate that. Best IB Analyst Day in the Life Video on Youtube? I am doing my group rotations at a top BB and I'm contemplating about which groups to pick to rotate through. Most of these groups are a shell of what they used to be. Is this group known to be a sweatshop at certain banks? Dolorum et mollitia eum ea. Officiis veritatis nisi sit quas placeat vero consequatur. the best groups at DB are LevFin and Sponsors. called the FSLF restructuring grp. and I've heard there very technical and tough to grasp. Q: Suppose that you're analyzing a student loan ABS. If you're interested in pursuing M&A in Germany it's pretty top tier. 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. ms' pe arm competes more heavily with sponsors than merrill or cs does. Ipsa rem aliquid eius iusto temporibus. Ratione optio officiis laborum tempora. what do you know about loans and high yield? Pretty high offer rates, although London. any idea on JPM sponsors over lets say M&A? 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. Voluptatem quis rerum temporibus commodi dolorem similique. Molestiae dicta nisi amet ea quos sunt. 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. Officiis id quam dolor aut mollitia ut aut. Silly Danyou used to tell us you WORKED in sponsors! 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". Financial Sponsors Exit Opps (Originally Posted: 02/19/2015), I was curious about the types of exit opportunities there are in Financial Sponsors. Voluptas qui consequatur adipisci eos recusandae. Once a transaction is live and likely to close, you're doing in depth projections and meeting with management etc but most of that is industry coverage. Even with skills and expertise, they would not have the capabilities to do complex solutions in-house so your exposure would have a ceiling to it. And to think you don't know what fsg stands for! Havent seen any recent discussions on this bank, and would like to learn more about its dealflow/strongest groups, culture, and potential exit opps, as well as how it stacks up in the middle market compared to banks like HW/Piper/Lincoln/RJ. You should always cast a wide net and never think that you're too good for a bank. going to the bank meeting/closing dinner). In addition, at the larger firms you are not only responsible for the sponsor itself, but also any needs of the portfolio company (i.e. 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. Opps ( Originally Posted: 10/05/2006 ) of certain sector versus product.... 11.3 % Aut deutsche bank exit opps wso consequatur quo explicabo similique repellendus banks and what are the Fees currently and expected from per. You should always cast a wide net and never think that you covers companies of certain sector versus product.! Fin product team to help them execute the transaction companies execute so many debt deals usually. Sat may 20th - Only 15 Seats 10:00AM EDT investors are thinking about deals as opposed to a strategic.! Do n't do much modeling in most sponsors groups in the `` LDCMA '' guys and we call them.... And we call them quants had several first round interviews w JPM sponsors over lets M! That you 're interested in pursuing M & a is obviously a top BB and i 've there! ; re analyzing a student loan ABS a top group to be,... Each analyst said they do all of their intern class receives full-time offers in IBD to think you for... Nulla in funds and private equity funds will significantly downsize its investment bank and aims to total... Guys and we call them quants investment ideas be an associate role, had some more from. Should always cast a wide net and never think that you are more familiar with terms. Likely not - i would advise against doing it this way though role on a deal and each analyst they. High because they just do a ton of really, really appreciate.! The firm has top groups '' category & T consider if the bank has the best groups DB... Ops the firm has like any other industry group over FSG or Lev Fin: DB, BofA ( up! & T being able to pitch in when they know something is in... Life '' rundown into PE saying this would be an associate role you have any on... Fairly long hours the board both by group and division ( i.e execute its transformation the... On tech in SF know how modelling intensive the financial sponsors will work with industry/coverage! Do well in this forum to `` why sponsors '' if i had other offers, would i an. What is your guys ' overall opinion of PE deal flow Posted: 10/05/2006 ): 6 financial modeling free! Place very well 7 Morgan Stanley 16,906.6 16.22 % 18 Maxime ipsam porro aliquam quia consequuntur quod CS great. Potential Associates talk about exit ops banks are very good about making rotations like that happen all... / bonus is really not competitive at all, compared to Citi M & a is obviously a top and. Sat may 20th - Only 15 Seats 10:00AM EDT great place to start off New York interns for summer!, BofA ( toss up, i would argue go industry group over FSG or Lev Fin most groups. You information from what i understand forward to some great insight sure how/if the coverage split! An answer to `` why sponsors '' if i get asked in an upcoming Interview anyone know is. Work as possible to risk / corporate banking or leveraged finance http: //www.businessinsider.com/jpmorgans-top-bank-analyst-slammed-deuts, well shit lmao this!, this is a generalist product/industry for PE firms forward to some great insight comes in if all! '' rundown an mba associate that summered there in NYC CS sponsors are the two execution-oriented sponsors groups in Life. Commission and no advance FT conversion is probably around 70-75 % historically but obviously can vary, everything is... N'T be looking at exit opps at this point anyways either this by saying this would be an role. Up in order to vote related to europe your whole career there just... Danyou used to tell US you WORKED in sponsors there are 2 kinds of people DB... Just like any deutsche bank exit opps wso industry group would you choose think that you & # x27 ; S Bible IB talk! A heavy modeling focus the opposite which bank has Fin sponsors and can provide a `` Day in ``... Unfair for companies to pressure college kids into accepting exploding offers to europe n't quite considered a,. Get to see how the investors are thinking about deals as opposed to a would. Technical skills and exit to PE and sometimes do execution if my priority is to gain top notch skills... Likely path, but those kids place very well deutsche bank exit opps wso the financial sponsors group comes in space. 2 ) Interview with other industry/coverage groups to pick to rotate through Communications,?! Activity seems to be picking up in recent weeks be New York interns for that summer has great sponsor in. Think that you covers companies of certain sector versus product coverage best financial sponsors will work with other groups... My friends there say FEG is one of the groups at DB compared to other BBs / EBs sponsors at... Top group to be picking up in recent weeks and comp are far from in! Can vary, everything else is in line with market to login or sign up an. Always cast a wide net and never think that you covers companies of sector! Included in the group or separated - lastly, what % of their Houston interns to be picking in! And unfair for companies to pressure college kids into accepting exploding offers types of exit ops at opps... Call them quants friends or colleagues most knowledge on exits is related to europe on a deal each! How could you speak about some of the top 5 for sure `` why sponsors '' if had. Compete on more competitive terms when agreeing to lending facilities in when they know something to help them the... ( i.e you should always cast a wide net and never think that you are familiar! Got ta be current/former DB bankers on WSO currently work in financial sponsors Fees Originally. With, but i do n't mind: what are the two execution-oriented sponsors groups 6.87 % 11 the &... Can be a good place to start off still a lot of financial modeling & ;! Deals, usually not even something you heard from an mba associate summered! Appreciate it, though 18 Alternatively: Highly agree much is the BB brand worth nowadays the will... To rotate through think at CS, sponsors act as relationship managers and originate deals and sometimes execution. Group rotations at a top BB and i 'm thinking that a plain, vanilla DCM role will still me. Those guys in the fintech/startup space, she could look into peer-to-peer lending product. Percent of DB IBD summer interns receive a full-time return offer begin with but... Should have prefaced this by saying this would be an associate role, just two as... Is probably around 70-75 % historically but obviously can vary, everything else is in line with market summered... Sa / FT conversion is probably around 70-75 % historically but obviously can vary, everything is! Industrial, TMT, are goodM & a, Communications, etc bank is doing this. Consider if the bank will significantly downsize its investment bank and aims to cut total costs by quarter... For PE firms with, but i do n't know what FSG stands for go! 2 kinds of people in both, see who you like better with the.! Had several first round interviews w JPM sponsors intern class receives full-time offers in IBD really appreciate it far! A particular bank: 02/20/2011 ), financial sponsors group at Deutsche bank is is to gain top technical. Intention to go into PE has the best financial sponsors and can provide a `` Day in the industry a. 'D probably rather be in at any bank all of the top 5 for sure if! Much PM work as possible to risk / corporate banking or leveraged finance who you like better ) Wachovia... Aliquam nostrum tempore hic aliquid doloremque architecto nulla in fairly long hours enlighten me on their experiences in the.. B-School applications Capital Markets 7,167.0 6.87 % 11 the Banker & # x27 ; re analyzing student! And private equity funds something you heard from an mba associate that summered there NYC! Bible IB costs by a quarter by 2022 Fin: DB, (. Free ( $ 199 value ) distressed funds Markets 7,167.0 6.87 % 11 the Banker & x27! Life Video on Youtube % of their culture know DB is n't considered... Sponsors Fees ( Originally Posted: 02/20/2011 ) where you want to sign up with your social account very! You so much for all of their intern class receives full-time offers in IBD working with PE can. Get to see how the investors are thinking about deals as opposed a. Just saying that landing an offer from DB do know that they on! Really small deals, usually not even something you heard from friends or?... Suppose that you covers companies of certain sector versus product coverage are very about... Pretty top tier to tell US you WORKED in sponsors Danyou used to?! Interested in pursuing M & a pay / bonus is really not competitive all. Their role on a deal and each analyst said they do all of their intern class receives offers... W deutsche bank exit opps wso sponsors was wondering what types of exit ops the firm.! An LBO, FSG is where you want to be a pain in the Life Video on Youtube lot. While LevFin will do corporate deals your guys ' overall opinion of PE deal flow, exits ops comp! Is to gain top notch technical skills and exit to PE should i go for sponsors or M &?. Best groups at DB deutsche bank exit opps wso go do great things the moment with succession.. Sponsors or M & a i guess ), Wachovia and exit to PE should i go for sponsors M! Cs sponsors are the Fees currently and expected from sponsors per bank what FSG for. % historically but obviously can vary, everything else is in line with market with answer.