Deutsche Bank Investment Banking Internship Interview Questions & Experience Guide
Company Name: Deutsche Bank
Position: Investment Banking Internship
Application Process: Applied through the company’s official portal.
Interview Rounds:
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Round 1 - Technical & Case Study:
- Questions Asked: Covered valuation, accounting, and a case study.
- Your Approach: Prepared by revising core finance concepts and practicing case studies. Focused on structuring answers logically.
- Outcome: Advanced to the next round.
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Round 2 - Fit & Market Knowledge:
- Questions Asked: General market knowledge questions and fit-based inquiries.
- Your Approach: Researched recent market trends and aligned answers with the company’s values.
- Outcome: Progressed to senior interviews.
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Round 3 - Senior Interviews (Fit-Focused):
- Questions Asked: More about cultural fit and long-term career goals.
- Your Approach: Emphasized alignment with the company’s culture and demonstrated enthusiasm for the role.
- Outcome: Awaiting final results.
Preparation Tips:
- Brush up on valuation methods and accounting principles.
- Stay updated with current market trends.
- Practice structuring case studies clearly.
Conclusion:
Overall, the interview process was thorough but fair. The technical rounds were challenging, but preparation paid off. For future candidates, focus on both technical and fit aspects to stand out.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Application Process: The application process began with an online submission, followed by a series of interviews conducted remotely.
Interview Rounds:
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Round 1 - Phone Interview:
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Questions Asked: General behavioral questions, motivation for applying to Deutsche Bank, and basic technical questions related to finance.
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Your Approach: I focused on being concise and clear, tying my answers back to my interest in investment banking and relevant coursework.
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Outcome: Successfully passed to the next round.
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Round 2 - Zoom Interview (Technical):
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Questions Asked: More in-depth technical questions, such as valuation methods, DCF analysis, and market trends.
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Your Approach: I prepared by reviewing financial modeling concepts and recent market news to ensure I could speak confidently.
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Outcome: Advanced to the final round.
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Round 3 - Superday (Final Round):
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Questions Asked: A mix of technical and behavioral questions, including case studies and teamwork scenarios.
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Your Approach: I practiced mock interviews and case studies beforehand to refine my problem-solving and communication skills.
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Outcome: The interview was challenging but went well overall.
Preparation Tips:
- Review core finance concepts, especially valuation methods and financial statements.
- Stay updated on current market trends and news.
- Practice behavioral questions using the STAR method to structure answers effectively.
Conclusion:
The process was rigorous but rewarding. I felt well-prepared for the technical aspects but could have improved my delivery in the behavioral rounds. My advice is to practice consistently and stay calm under pressure.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Application Process: The interview process was well-organized and consisted of multiple rounds, including behavioural and technical interviews. It was definitely worth the effort.
Interview Rounds:
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Round 1 - Behavioural Interview:
- Questions Asked: General questions about my background, motivation for applying to Deutsche Bank, and how I handle teamwork and challenges.
- Your Approach: I focused on being honest and concise, highlighting my relevant experiences and how they align with the role.
- Outcome: Passed to the next round.
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Round 2 - Technical Interview:
- Questions Asked: Questions about financial concepts, valuation methods, and market trends. Also included a few case-study-based questions.
- Your Approach: I reviewed key financial concepts beforehand and practiced case studies to ensure I could articulate my thought process clearly.
- Outcome: Successfully cleared this round as well.
Preparation Tips:
- Brush up on core financial concepts, especially those relevant to investment banking.
- Practice behavioural questions using the STAR method to structure answers effectively.
- Mock interviews can be very helpful to simulate the actual experience.
Conclusion:
Overall, the interview process was rigorous but fair. I felt well-prepared, but I could have practiced more case studies to feel even more confident. For future candidates, I’d recommend starting early and staying consistent with preparation.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Application Process: I applied for the internship through the company’s online portal. The process began with an initial screening of my application, followed by an invitation to complete the cognitive and personality tests.
Interview Rounds:
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Round 1 - Cognitive & Personality Test:
- Questions Asked: The cognitive test included numerical and logical reasoning questions. The personality test assessed traits like teamwork, problem-solving, and adaptability.
- Your Approach: For the cognitive test, I practiced similar questions beforehand to improve my speed and accuracy. For the personality test, I answered honestly while keeping the role’s requirements in mind.
- Outcome: I passed this round and was invited to the next stage.
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Round 2 - Video Interview:
- Questions Asked: Questions focused on why I wanted to work at Deutsche Bank and my interest in investment banking. They also asked about my understanding of the industry and my career goals.
- Your Approach: I researched the bank’s recent deals and culture to tailor my answers. I also practiced speaking clearly and concisely to fit the time constraints.
- Outcome: I felt confident about my responses, but I’m still waiting for the final decision.
Preparation Tips:
- Practice cognitive tests under timed conditions to get comfortable with the format.
- Research the company thoroughly, especially its recent deals and culture, to answer “why this company” questions effectively.
- For video interviews, record yourself answering common questions to improve your delivery.
Conclusion:
Overall, the process was smooth and well-structured. I wish I had practiced more for the video interview to sound more natural. My advice to future candidates is to prepare early and stay calm during each stage.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Location: Not specified
Application Process: Applied online through the company’s career portal.
Interview Rounds:
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Round 1 - Brain Teasers and General Knowledge:
- Questions Asked:
- A series of brain teasers to test logical thinking.
- Questions about general knowledge and current trends in the technology industry.
- Technical questions related to technology metrics and basic technical concepts.
- Your Approach:
- Practiced common brain teasers beforehand to improve speed and accuracy.
- Stayed updated with tech industry news to answer general knowledge questions confidently.
- Reviewed basic technical metrics and concepts relevant to investment banking.
- Outcome: Passed this round and moved to the next stage.
- Questions Asked:
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Round 2 - Technical and Industry-Specific Questions:
- Questions Asked:
- More in-depth technical questions about the tech industry.
- Scenario-based questions to assess problem-solving skills.
- Discussion about recent tech trends and their impact on investment banking.
- Your Approach:
- Focused on understanding the broader implications of tech trends on banking.
- Used real-world examples to illustrate points during scenario-based questions.
- Outcome: Successfully cleared this round.
- Questions Asked:
Preparation Tips:
- Practice brain teasers regularly to improve logical thinking.
- Stay updated with the latest trends in the technology industry.
- Brush up on basic technical concepts and metrics relevant to investment banking.
Conclusion:
The interview process was challenging but fair, with a good mix of logical, technical, and industry-specific questions. Preparing for brain teasers and staying updated with tech trends were key to my success. For future candidates, I’d recommend focusing on these areas and practicing under timed conditions to simulate the interview environment.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Location: Hong Kong (initially contacted through Singapore HR office)
Application Process:
The application process was unique as the Hong Kong office does not have a dedicated recruitment function. I was initially contacted through the Singapore HR office. The process involved interactions with associates to directors, and the interviews were highly technical.
Interview Rounds:
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Round 1 - Technical Interview:
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Questions Asked:
- Walk me through a DCF model.
- How do you value a company using comparable company analysis?
- Explain the difference between enterprise value and equity value.
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Your Approach:
I prepared by revising core financial concepts and practicing common investment banking interview questions. I structured my answers clearly, focusing on the logic behind each step in the valuation methods. -
Outcome:
I passed this round and received positive feedback on my technical clarity. -
Round 2 - Behavioral and Technical Interview:
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Questions Asked:
- Describe a time you worked in a team under pressure.
- How would you handle a situation where a team member is not contributing equally?
- What are the key drivers of a company’s valuation?
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Your Approach:
I used the STAR method for behavioral questions and tied my answers to real experiences. For technical questions, I linked the drivers to broader market and industry trends. -
Outcome:
The interviewers appreciated my structured responses and I advanced to the next round. -
Round 3 - Director-Level Interview:
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Questions Asked:
- Why investment banking, and why Deutsche Bank?
- How do you stay updated with financial markets?
- Pitch a stock you think is undervalued.
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Your Approach:
I researched Deutsche Bank’s recent deals and tailored my answers to align with their culture and values. For the stock pitch, I prepared a concise analysis of a company I had studied. -
Outcome:
The director seemed impressed with my preparation and market awareness.
Preparation Tips:
- Focus on mastering technical concepts like valuation methods (DCF, comparables, precedents).
- Practice behavioral questions using the STAR method.
- Stay updated with recent financial news and Deutsche Bank’s deals.
- Mock interviews with peers can help refine your delivery.
Conclusion:
Overall, the process was rigorous but rewarding. The technical depth of the interviews was challenging, but thorough preparation helped me navigate them confidently. I would advise future candidates to focus on both technical and behavioral aspects and to research the company extensively.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Location: Not specified
Application Process: Applied through the company’s official career portal.
Interview Rounds:
- Round 1 - Casual Conversation / Technical Screening:
- Questions Asked: The interview started as a very casual conversation, which gradually transitioned into technical questions. The interviewer seemed more interested in understanding my personality and thought process rather than deep technical knowledge.
- Your Approach: I kept the tone conversational and tried to be as authentic as possible. For the technical questions, I answered to the best of my ability without overcomplicating things.
- Outcome: Passed this round. The interviewer seemed satisfied with my responses and demeanor.
Preparation Tips:
- Focus on being yourself during the interview; authenticity matters.
- Brush up on basic technical concepts related to investment banking, but don’t stress too much about advanced topics.
- Practice casual conversations to make the interaction flow naturally.
Conclusion:
Overall, the interview was a positive experience. The interviewer was friendly, and the questions were straightforward. I realized that being genuine and confident goes a long way. For future candidates, I’d advise staying calm and not overthinking the technical aspects—just focus on presenting yourself well.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Application Process: The application process began with an online test (Situational Judgement Test - SJT). Successful candidates were then invited to the next stage, which involved an in-person assessment center and interviews.
Interview Rounds:
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Round 1 - Online Test (SJT):
- Questions Asked: The SJT assessed situational judgment and decision-making skills through hypothetical workplace scenarios.
- Your Approach: I focused on understanding the core values of Deutsche Bank and aligned my responses with their emphasis on teamwork, integrity, and client focus.
- Outcome: Passed this round and was invited to the assessment center.
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Round 2 - Assessment Center & Interview:
- Questions Asked: The assessment center included group exercises, case studies, and a one-on-one interview. The interview covered technical questions related to investment banking, market trends, and behavioral questions.
- Your Approach: For the group exercises, I ensured active participation while demonstrating leadership and collaboration. For the technical interview, I revised key concepts in finance and practiced mock interviews.
- Outcome: The final outcome is pending, but the experience was insightful and challenging.
Preparation Tips:
- Research the company’s culture and values thoroughly.
- Practice SJTs and case studies to improve situational judgment and problem-solving skills.
- Brush up on technical finance concepts, especially those relevant to investment banking.
- Mock interviews can help build confidence for the behavioral round.
Conclusion:
The process was rigorous but well-structured. I learned the importance of aligning responses with the company’s values and the need for thorough preparation. For future candidates, I’d recommend starting early and practicing consistently to build both technical and soft skills.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Application Process: Applied through the company’s online portal.
Interview Rounds:
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Round 1 - Senior Interview:
- Questions Asked: The interview was more of a relaxed conversation. Questions revolved around my background, interests, and why I wanted to join Deutsche Bank.
- Your Approach: I kept it conversational, shared my genuine interest in investment banking, and linked my past experiences to the role.
- Outcome: Passed to the next round.
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Round 2 - Analyst Interview:
- Questions Asked: This round was more structured. Questions included details about my past experiences, motivations for applying, and some technical questions related to investment banking.
- Your Approach: I prepared by reviewing my resume thoroughly and brushing up on basic technical concepts. I also practiced articulating my motivations clearly.
- Outcome: Successfully cleared this round as well.
Preparation Tips:
- Focus on understanding your resume inside out.
- Be ready to explain your motivations and how they align with the role.
- Brush up on basic technical concepts relevant to investment banking.
Conclusion:
Overall, the interview process was quite smooth. The senior interview was more about fit and personality, while the analyst round tested my knowledge and preparation. I’d advise future candidates to be themselves and prepare thoroughly for both behavioral and technical aspects.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Application Process: I applied around late August/September. They got back to me in early November for the first interview, followed by an Assessment Centre (AC) in late November, which lasted approximately 5 hours.
Interview Rounds:
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Round 1 - Initial Interview:
- Questions Asked: The interviewers asked about my background, interest in investment banking, and knowledge of Deutsche Bank. They also discussed current market trends and how they relate to the bank’s business areas.
- Your Approach: I prepared by researching Deutsche Bank’s recent news, their business segments, and how they fit into the broader financial market. I also brushed up on my technical knowledge related to investment banking.
- Outcome: I passed this round and was invited to the Assessment Centre.
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Round 2 - Assessment Centre (AC):
- Questions Asked: The AC included a mix of technical questions, case studies, and behavioral interviews. Topics covered valuation methods, market scenarios, and teamwork exercises.
- Your Approach: I focused on staying calm and structured in my responses. For case studies, I used a step-by-step approach to break down problems. In teamwork exercises, I ensured clear communication and collaboration.
- Outcome: The process was intense but rewarding. I received positive feedback on my analytical skills and teamwork.
Preparation Tips:
- Research Deutsche Bank thoroughly, including their recent deals, business areas, and market position.
- Stay updated on financial news and how it impacts investment banking.
- Practice technical questions, especially valuation methods and financial modeling.
- Prepare for behavioral questions using the STAR method.
Conclusion:
The interview process was challenging but well-structured. The interviewers were professional and pushed me to think critically. I would advise future candidates to prepare extensively about Deutsche Bank and the broader market trends. Also, practice articulating your thoughts clearly during case studies and teamwork exercises.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Application Process: Applied through the company’s online portal.
Interview Rounds:
- Round 1 - Behavioral + Brainteaser Interview:
- Questions Asked: Mostly behavioral questions and one brainteaser toward the end.
- Your Approach: Stayed calm and focused, answered behavioral questions with structured responses (STAR method) and took a moment to think through the brainteaser before responding.
- Outcome: The interviewers (2 analysts and an MD) seemed satisfied with the answers.
Preparation Tips:
- Practice common behavioral questions using the STAR method.
- Brush up on basic brainteasers to stay sharp for unexpected questions.
- Research the company and role to align answers with their values and expectations.
Conclusion:
Overall, the interview was straightforward and the interviewers were professional. I felt prepared, but practicing more brainteasers could have made me even more confident. For future candidates, focus on being articulate and composed, and don’t overlook the importance of soft skills in investment banking interviews.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Location: [Location not specified]
Application Process: Applied through the company’s official career portal. The process involved submitting a resume and cover letter, followed by an invitation to an in-person Superday interview.
Interview Rounds:
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Round 1 - Behavioral Interview:
- Questions Asked:
- “Tell me about yourself and why you’re interested in investment banking.”
- “Describe a time you worked in a team and faced a challenge.”
- “What excites you about Deutsche Bank specifically?”
- Your Approach: I focused on aligning my experiences with the skills required for investment banking, emphasizing teamwork, problem-solving, and my passion for finance. I also researched Deutsche Bank’s recent deals to tailor my answers.
- Outcome: Passed to the next round.
- Questions Asked:
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Round 2 - Technical Interview:
- Questions Asked:
- “Walk me through a DCF model.”
- “How would you value a company with negative earnings?”
- “Explain the difference between enterprise value and equity value.”
- Your Approach: I structured my answers clearly, starting with definitions and then diving into practical applications. For the DCF question, I walked through each step methodically.
- Outcome: Successfully advanced to the final round.
- Questions Asked:
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Round 3 - Fit/Cultural Interview:
- Questions Asked:
- “How do you handle high-pressure situations?”
- “Where do you see yourself in 5 years?”
- “What do you think makes a good team player in investment banking?”
- Your Approach: I highlighted my adaptability and long-term career goals, tying them back to Deutsche Bank’s culture. I also shared personal anecdotes to demonstrate my teamwork skills.
- Outcome: Received positive feedback and moved forward in the process.
- Questions Asked:
Preparation Tips:
- Brush up on technical concepts like valuation methods (DCF, comparables, etc.) and accounting fundamentals.
- Practice behavioral questions using the STAR method to structure answers.
- Research the company’s recent deals and culture to tailor your responses.
Conclusion:
Overall, the Superday was a great experience. The interviews were very conversational, which helped me feel more comfortable. I realized the importance of being genuine and showing enthusiasm for the role. For future candidates, I’d recommend practicing both technical and behavioral questions thoroughly and being yourself during the interviews!
Company Name: Deutsche Bank
Position: Investment Banking Internship
Application Process: Applied through the company’s online portal. The process started with a phone screen, followed by a super day consisting of multiple interviews.
Interview Rounds:
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Round 1 - Phone Screen with an Associate:
- Questions Asked:
- Behavioral questions like “Tell me about yourself” and “Why investment banking?”
- Technical questions such as “Walk me through a DCF” and “What are the three financial statements and how do they link?”
- Your Approach:
- For behavioral questions, I focused on my background, passion for finance, and relevant experiences.
- For technicals, I structured my answers clearly, starting with the basics and then diving deeper.
- Outcome: Passed this round and was invited to the super day.
- Questions Asked:
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Round 2 - Super Day (2x30 Minute Interviews with Senior Bankers):
- Questions Asked:
- Mostly behavioral questions like “Describe a time you worked in a team” and “How do you handle stress?”
- Some unexpected technical questions like “How would you value a company with negative EBITDA?”
- Your Approach:
- For behaviorals, I used the STAR method to structure my answers.
- For the curveball technicals, I stayed calm, admitted what I didn’t know, and tried to reason through the problem logically.
- Outcome: Overall, the interviews went well, and I felt I built a good rapport with the interviewers.
- Questions Asked:
Preparation Tips:
- For technicals, I practiced common questions like DCF, financial statements, and valuation methods.
- For behaviorals, I prepared stories using the STAR method and researched the company’s culture.
- Mock interviews with peers helped me refine my answers and stay confident.
Conclusion:
The process was intense but rewarding. I learned the importance of staying composed under pressure and being honest about what I didn’t know. For future candidates, I’d recommend thorough preparation for both technical and behavioral questions, as well as practicing with mock interviews to build confidence.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Application Process: Applied online through the company’s career portal. The process involved submitting a resume and cover letter, followed by an initial screening.
Interview Rounds:
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Round 1 - Behavioral Interview (30 minutes):
- Questions Asked:
- “Tell me about a time you worked in a team and faced a conflict. How did you resolve it?”
- “Why are you interested in investment banking?”
- “Describe a situation where you had to meet a tight deadline.”
- Your Approach: Focused on using the STAR method to structure my answers, ensuring clarity and relevance. Emphasized teamwork, problem-solving, and my passion for finance.
- Outcome: Advanced to the next round.
- Questions Asked:
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Round 2 - Behavioral Interview (30 minutes):
- Questions Asked:
- “What motivates you to work in investment banking?”
- “How do you handle stress or high-pressure situations?”
- “Give an example of a time you took initiative.”
- Your Approach: Again used the STAR method, highlighting my resilience, adaptability, and proactive attitude.
- Outcome: Passed this round and was invited to the Super Day.
- Questions Asked:
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Round 3 - Super Day (4 Interviews):
- Questions Asked:
- Behavioral: “Walk me through your resume.”
- Technical: “Explain the three financial statements and how they are interconnected.”
- Technical: “What is a DCF, and what are its key components?”
- Valuation: “Compare and contrast precedent transactions and comparable company analysis.”
- Your Approach: For behavioral questions, kept answers concise and relevant. For technical questions, broke down concepts clearly and provided examples where possible.
- Outcome: Successfully completed the Super Day and received positive feedback.
- Questions Asked:
Preparation Tips:
- Reviewed common behavioral questions and practiced the STAR method.
- Brushed up on technical concepts like financial statements, valuation methods, and DCF modeling using online resources and textbooks.
- Mock interviews with peers helped build confidence.
Conclusion:
Overall, the process was rigorous but well-structured. I felt prepared for the behavioral rounds but realized I could have practiced more technical questions in-depth. My advice for future candidates is to balance both behavioral and technical preparation and to stay calm and composed during interviews.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Location: [Location not specified]
Application Process: [Details not provided]
Interview Rounds:
- Round 1 - Assessment Centre:
- Questions Asked: The interviewers focused on understanding my personality, interests, and motivations rather than technical qualifications.
- Your Approach: I tried to be authentic and shared my genuine interests and experiences. I emphasized my passion for finance and teamwork.
- Outcome: The interviewers seemed very engaged, and I felt a strong connection with them.
Preparation Tips:
- Focus on understanding the company culture and values.
- Be prepared to discuss your personal experiences and how they align with the role.
- Practice articulating your motivations clearly and confidently.
Conclusion:
Overall, it was a fantastic experience. The interviewers were approachable and made the process enjoyable. I realized the importance of being genuine and showcasing my personality. For future candidates, I’d advise focusing on who you are as a person and how you fit into the company’s culture, rather than just your qualifications.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Application Process: Applied through the bank’s official career portal. The process involved submitting a resume and cover letter, followed by an invitation to a Superday interview.
Interview Rounds:
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Round 1 - Superday Interview (Part 1):
- Questions Asked:
- Behavioral: “Tell me about a time you worked in a team.”
- Technical: “How would you value a company?”
- Fit: “Why investment banking, and why Deutsche Bank?”
- Your Approach:
- For behavioral, I used the STAR method to structure my answer.
- For technical, I walked through the DCF method and mentioned other valuation techniques.
- For fit, I tied my interest in finance to Deutsche Bank’s global presence and culture.
- Outcome: Passed to the second part of the Superday.
- Questions Asked:
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Round 2 - Superday Interview (Part 2):
- Questions Asked:
- Behavioral: “Describe a time you faced a challenge and how you overcame it.”
- Technical: “What are the main components of a balance sheet?”
- Market-related: “What’s a recent deal that caught your attention?”
- Your Approach:
- For behavioral, I focused on a relevant academic project.
- For technical, I listed and briefly explained assets, liabilities, and equity.
- For the market question, I discussed a recent M&A deal and its implications.
- Outcome: Received positive feedback and moved forward in the process.
- Questions Asked:
Preparation Tips:
- Brush up on basic technicals like valuation methods and financial statements.
- Prepare for behavioral questions using the STAR method.
- Stay updated on recent market trends and deals.
Conclusion:
The interviewers were very approachable, and the questions were fair. I felt well-prepared, but I could have been more concise in my answers. For future candidates, focus on clarity and confidence, and don’t forget to research the bank’s recent deals!
Company Name: Deutsche Bank
Position: Investment Banking Internship
Application Process: Applied through the bank’s official internship program.
Interview Rounds:
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Round 1 - Phone Interview:
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Questions Asked: Basic technical questions about banking concepts.
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Your Approach: Answered the questions to the best of my ability, focusing on foundational knowledge.
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Outcome: Advanced to the next round.
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Round 2 - Assessment Centre (AC):
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Questions Asked:
- Technical interview focused heavily on one concept for 20 minutes, despite demonstrating only basic knowledge.
- Asked about Deutsche Bank’s current situation (e.g., CET1, loss absorption, LCR).
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Your Approach: Provided factual numbers and analysis to show the bank’s stability.
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Outcome: Received feedback that I “just threw numbers” at the interviewer. Felt the interviewers were disinterested and dismissive.
Conclusion:
This was one of my worst interview experiences. The interviewers (all associates) seemed uninterested and overly critical, focusing on nitpicking rather than assessing my potential. If you’re aiming for investment banking, I’d recommend avoiding Deutsche Bank based on this experience. The lack of engagement and respect from the interviewers was disappointing, especially given my current experience at a bulge bracket bank.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Application Process: I first spoke to an associate and then an analyst before an official phone screen. After clearing these initial conversations, I was invited for a Super Day.
Interview Rounds:
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Round 1 - Initial Conversations:
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Questions Asked: General fit questions about my background, interest in investment banking, and why Deutsche Bank.
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Your Approach: I focused on aligning my experiences with the role and demonstrating my enthusiasm for the industry.
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Outcome: Cleared this round and moved to the official phone screen.
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Round 2 - Phone Screen:
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Questions Asked: More detailed fit questions and a few technical questions about financial concepts.
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Your Approach: I prepared by reviewing basic financial terms and practicing concise answers to fit questions.
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Outcome: Successfully passed and was invited to the Super Day.
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Round 3 - Super Day (5 Interviews):
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Questions Asked: Four of the interviews were fit-focused, covering teamwork, leadership, and problem-solving. The fifth interview was purely technical, covering valuation methods, financial statements, and market trends.
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Your Approach: For the fit interviews, I used the STAR method to structure my answers. For the technical interview, I brushed up on DCF, comparables, and recent market news.
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Outcome: Out of ten candidates, I was one of the selected few.
Preparation Tips:
- Practice fit questions using the STAR method.
- Review basic technical concepts like valuation methods and financial statements.
- Stay updated on current market trends.
Conclusion:
Overall, the process was intense but rewarding. The fit interviews were as important as the technical one, so balancing preparation for both is key. I could have practiced more technical questions under time pressure, but the experience was invaluable.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Application Process: Applied through the company’s online portal. The process was straightforward, and I received a prompt response for the initial interview.
Interview Rounds:
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Round 1 - Initial Phone Interview:
- Questions Asked: General questions about my background, interest in investment banking, and why Deutsche Bank. Also, some behavioral questions like teamwork and handling pressure.
- Your Approach: I focused on aligning my experiences with the role and emphasized my passion for finance and problem-solving. For behavioral questions, I used the STAR method to structure my answers.
- Outcome: Passed to the next round.
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Round 2 - Interview with Hiring Manager:
- Questions Asked: More in-depth questions about financial concepts, market trends, and a case study to analyze a company’s financial health.
- Your Approach: I brushed up on financial modeling and valuation techniques beforehand. For the case study, I walked through my thought process clearly and justified my assumptions.
- Outcome: Advanced to the final round.
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Round 3 - In-Person Rapid Interview:
- Questions Asked: A mix of technical and behavioral questions, including situational challenges and quick-fire finance-related questions.
- Your Approach: Stayed calm and composed, even under time pressure. For technical questions, I relied on my preparation and logical reasoning.
- Outcome: Received positive feedback and an offer for the internship.
Preparation Tips:
- Brush up on core financial concepts like valuation methods, financial statements, and market trends.
- Practice behavioral questions using the STAR method.
- Stay updated with recent financial news and Deutsche Bank’s recent deals or initiatives.
Conclusion:
The interview process was rigorous but rewarding. The team was incredibly knowledgeable, and the experience gave me great insights into the industry. I highly recommend applying here—it’s a fantastic learning opportunity!