Company Name: Deutsche Bank
Position: Investment Banking Internship
Application Process: The application process was straightforward and took around 3 weeks to complete. There were two interviewers per candidate, and the questions were not overly tricky. Selected candidates were invited for another round of interviews (Superday) the following day.
Interview Rounds:
Preparation Tips:
- Review common investment banking interview questions and practice behavioral responses.
- Brush up on financial terms, valuation methods, and market trends.
- Practice case studies to improve problem-solving and articulation skills.
Conclusion:
Overall, the experience was positive, and the interviewers were professional and approachable. I felt well-prepared, but I could have practiced more case studies to feel even more confident. For future candidates, I’d recommend thorough preparation and staying calm during the interviews.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Location: London (for Assessment Centre)
Application Process: Applied online, followed by a phone interview and an Assessment Centre (AC) in London.
Interview Rounds:
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Round 1 - Online Assessments:
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Questions Asked: Not specified.
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Your Approach: Prepared by practicing numerical and logical reasoning tests.
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Outcome: Advanced to the phone interview stage.
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Round 2 - Phone Interview:
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Questions Asked: Mostly technical questions, along with a few fit and situational questions.
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Your Approach: Reviewed technical concepts related to investment banking and practiced answering behavioral questions.
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Outcome: Successfully moved to the Assessment Centre.
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Round 3 - Assessment Centre (AC):
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Questions Asked:
- M&A Case Study: A 40-minute preparation time for a multi-page case with information and numbers.
- Three Back-to-Back Interviews:
- Technical Interview: Focused on investment banking concepts.
- Case Interview: Analyzed a business scenario.
- Situational/Fit Interview: Behavioral and situational questions.
- Group Case: Collaborative case study at the end.
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Your Approach: Practiced case studies beforehand, brushed up on technical knowledge, and prepared for behavioral questions.
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Outcome: Found the AC challenging but performed well overall.
Preparation Tips:
- Practice numerical and logical reasoning tests for the online assessments.
- Review technical investment banking concepts for the phone interview.
- Work on case studies and practice timing yourself for the AC.
- Prepare for behavioral and situational questions using the STAR method.
Conclusion:
The process was rigorous but rewarding. The phone interview was straightforward if you’re well-prepared technically, but the AC was intense, especially the M&A case study. Practicing case studies and timing yourself is crucial. Overall, it was a great learning experience, and I’d advise future candidates to focus on both technical and behavioral preparation.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Application Process: Applied through the bank’s official career portal. The process included submitting a resume and cover letter, followed by an invitation for interviews.
Interview Rounds:
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Round 1 - Technical Interview:
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Questions Asked: Questions focused on DCF (Discounted Cash Flow), WACC (Weighted Average Cost of Capital), EV (Enterprise Value), and basic accounting principles.
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Your Approach: I prepared by thoroughly reviewing WSO (Wall Street Oasis) guides and practicing these concepts. I made sure to explain my thought process clearly and logically.
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Outcome: Passed this round and moved to the next stage.
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Round 2 - Behavioral Interview:
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Questions Asked: Questions like “Tell me about a time you failed,” “How do you handle stress?” and “Why Deutsche Bank?”
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Your Approach: I used the STAR method (Situation, Task, Action, Result) to structure my answers and tied my experiences to the role and company values.
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Outcome: Successfully cleared this round as well.
Preparation Tips:
- Spend time mastering DCF, WACC, EV, and accounting concepts.
- Use WSO guides for technical prep.
- Practice behavioral questions using the STAR method.
- Research Deutsche Bank’s culture and recent deals to answer “Why Deutsche Bank?” effectively.
Conclusion:
The overall experience was intense but rewarding. The technical round tested my understanding of core finance concepts, while the behavioral round assessed my fit for the role. I could have practiced more behavioral questions beforehand to feel even more confident. My advice for future candidates is to start early, stay consistent with prep, and be genuine in your responses.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Location: San Francisco
Application Process: Applied online for the San Francisco location. Initially, I was in the process for another group but didn’t receive an offer. However, they found me impressive enough and referred me to another group, which led to an automatic Superday. I got a call and flew out four days later for the interview.
Interview Rounds:
- Round 1 - Superday Interview:
- Questions Asked:
- Walk me through your resume.
- Why investment banking?
- Why Deutsche Bank?
- Technical questions about valuation methods (DCF, comparables, etc.).
- A case study involving a company’s financials and potential M&A scenarios.
- Your Approach:
- I focused on structuring my answers clearly, especially for the technical and case study parts. For the “Why” questions, I tied my background and interests to the role and the bank’s strengths.
- Outcome: Passed this round and moved forward in the process.
Preparation Tips:
- Brush up on technicals like valuation methods and accounting principles.
- Practice case studies and be ready to think on your feet.
- Know your resume inside out and be prepared to explain your motivations clearly.
Conclusion:
Overall, it was a great experience. The interviewers were professional and the process was smooth. I could have prepared more for the case study, but the referral and quick turnaround were definitely advantages. My advice is to stay confident and articulate your thoughts clearly during the interview.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Location: [Location not specified]
Application Process: Applied online and received a response in 2-3 weeks.
Interview Rounds:
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Round 1 - Technical & Resume Review:
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Questions Asked: Questions about my resume and technical aspects related to investment banking.
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Your Approach: Prepared thoroughly by revising my resume and brushing up on technical concepts relevant to the role.
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Outcome: Successfully cleared the round and was invited for further interviews.
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Round 2 - Behavioral with MDs:
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Questions Asked: Behavioral questions focused on teamwork, problem-solving, and situational judgment.
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Your Approach: Used the STAR method to structure my answers and provided examples from past experiences.
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Outcome: The rounds went well, and I felt confident about my responses.
Preparation Tips:
- Revise your resume thoroughly and be ready to explain every detail.
- Brush up on technical concepts related to investment banking.
- Practice behavioral questions using the STAR method for structured answers.
Conclusion:
Overall, the interview process was smooth and well-structured. The technical round was challenging but manageable with proper preparation. The behavioral rounds were more conversational, and the MDs were very approachable. I would advise future candidates to focus on both technical and behavioral aspects equally and to practice articulating their thoughts clearly.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Location: [Not specified]
Application Process: Applied through the campus career center and secured two on-campus interviews with Managing Directors (MDs), each lasting 30 minutes.
Interview Rounds:
Preparation Tips:
- Brush up on statistical concepts and portfolio analysis methods.
- Research the company thoroughly to align behavioral answers with their culture.
- Practice articulating your career goals clearly.
Conclusion:
The interviews were challenging but rewarding. The technical round tested my quantitative skills, while the behavioral round assessed my fit for the role. I could have practiced more real-world applications of statistical concepts. For future candidates, focus on both technical and behavioral aspects to present a well-rounded profile.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Application Process: The application process began with a cold call interview, which was unexpected and required on-the-spot responses.
Interview Rounds:
- Round 1 - Phone Interview:
- Questions Asked: The interviewer asked questions spontaneously during the call, focusing on assessing my ability to think on my feet.
- Your Approach: Since it was a cold call, I relied on my general knowledge and quick thinking to respond. I stayed calm and tried to articulate my thoughts clearly.
- Outcome: The interview lasted about 20 minutes and was not overly challenging. I felt I handled it well given the circumstances.
Preparation Tips:
- Be prepared for unexpected interviews, especially cold calls.
- Brush up on general knowledge and industry trends to handle spontaneous questions.
- Practice articulating your thoughts clearly under pressure.
Conclusion:
Overall, the experience was a good test of my ability to think quickly and stay composed. While it was unexpected, it taught me the importance of always being prepared for impromptu interviews. For future candidates, I’d recommend staying updated on industry news and practicing quick responses to common questions.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Location: London
Application Process: I applied for the Investment Banking summer 2016 program in London and received a face-to-face interview invitation after two weeks. Unfortunately, I didn’t prepare well for the interview because I was focused on my final exams at school.
Interview Rounds:
- Round 1 - Face-to-Face Interview:
- Questions Asked: The interviewer asked about my understanding of investment banking, my motivation for joining Deutsche Bank, and some technical questions related to financial modeling and valuation.
- Your Approach: I tried to answer the motivational questions honestly but struggled with the technical aspects due to lack of preparation.
- Outcome: I didn’t perform well in the technical part, and the feedback highlighted the need for better preparation in financial concepts.
Conclusion:
Looking back, I realize I should have balanced my time better between exams and interview preparation. For future candidates, I’d advise dedicating enough time to understand the technical aspects of investment banking, especially if you’re applying for such a competitive role. Even if you’re busy with academics, a little preparation can go a long way!
Company Name: Deutsche Bank
Position: Investment Banking Internship
Location: [Location not specified]
Application Process: Applied through on-campus recruitment.
Interview Rounds:
Conclusion:
Overall, the interview process was smooth and professional. The technical round was manageable with standard preparation, and the behavioral rounds were a good opportunity to showcase my experiences. While I didn’t get the offer, I appreciated the chance to interview with Deutsche Bank and would encourage future candidates to focus on both technical and behavioral preparation.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Application Process:
The process started with a resume drop, followed by two in-person interviews on campus. After clearing these rounds, I was invited for a super day with several Managing Directors (MDs). Post-offer, I was brought into the office to meet team members and rank teams. The entire process was straightforward, and everyone I interacted with was very friendly.
Interview Rounds:
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Round 1 - Resume Drop:
- Questions Asked: No specific questions; this was a preliminary screening based on the resume.
- Your Approach: Ensured my resume was polished and highlighted relevant experiences.
- Outcome: Cleared this round and moved to the next stage.
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Round 2 - On-Campus Interviews:
- Questions Asked: Behavioral and technical questions related to investment banking, such as “Why Deutsche Bank?” and basic finance concepts.
- Your Approach: Prepared by researching the company and brushing up on core finance topics. Practiced answering behavioral questions concisely.
- Outcome: Advanced to the super day round.
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Round 3 - Super Day with MDs:
- Questions Asked: More in-depth technical questions, case studies, and fit questions like “How do you handle stress?” and “Describe a time you worked in a team.”
- Your Approach: Focused on staying calm and structured in my responses. Used the STAR method for behavioral questions.
- Outcome: Received an offer!
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Post-Offer - Team Matching:
- Questions Asked: Informal discussions with team members about their roles and expectations.
- Your Approach: Asked thoughtful questions to understand the team dynamics and where I could fit best.
- Outcome: Successfully matched with a team.
Preparation Tips:
- Research the company thoroughly, especially its culture and recent deals.
- Brush up on technical finance concepts like valuation methods and accounting principles.
- Practice behavioral questions using the STAR method.
Conclusion:
Overall, the process was smooth, and the people at Deutsche Bank were incredibly welcoming. I’d advise future candidates to be themselves, stay confident, and prepare well for both technical and behavioral aspects. It’s also helpful to network with current employees to get insights into the company culture.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Location: [Location (if applicable)]
Application Process: Applied through the company’s online portal. The process included submitting a resume, cover letter, and completing an online application form.
Interview Rounds:
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Round 1 - Online Test:
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Questions Asked: Numerical reasoning, verbal reasoning, and logical puzzles.
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Your Approach: Practiced with online resources and timed mock tests to improve speed and accuracy.
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Outcome: Passed to the next round.
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Round 2 - Phone Interview:
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Questions Asked: Competency-based questions (e.g., “Tell me about a time you worked in a team”), motivational questions (e.g., “Why Deutsche Bank?”), and basic technical questions (e.g., “What is EBITDA?”).
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Your Approach: Prepared using the STAR method for behavioral questions and brushed up on basic finance concepts.
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Outcome: Advanced to the assessment center.
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Round 3 - Assessment Center:
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Questions Asked: Case studies, group exercises, and a final one-on-one interview with senior bankers.
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Your Approach: Focused on clear communication during group tasks and structured my case study responses logically.
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Outcome: Received positive feedback and moved to the final round.
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Round 4 - Final Interview:
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Questions Asked: In-depth technical questions (e.g., “How would you value a company?”) and fit questions (e.g., “How do you handle stress?”).
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Your Approach: Reviewed financial modeling and valuation techniques, and reflected on past experiences to answer fit questions.
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Outcome: Successfully secured the internship offer.
Preparation Tips:
- Practice numerical and verbal reasoning tests under timed conditions.
- Use the STAR method for competency-based questions.
- Brush up on basic finance concepts like valuation methods and financial statements.
- Mock interviews with peers helped a lot for the assessment center.
Conclusion:
Overall, the process was rigorous but well-structured. The key was thorough preparation and staying calm under pressure. For future candidates, I’d recommend starting early and practicing consistently. Good luck!
Company Name: Deutsche Bank
Position: Investment Banking Internship
Location: London (for Assessment Centre)
Application Process: Applied online, followed by an SJT (Situational Judgement Test). After clearing the SJT, I was invited for a phone interview, and subsequently, an Assessment Centre (AC) in London.
Interview Rounds:
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Round 1 - SJT Test (Online):
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Questions Asked: Situational and behavioral questions to assess decision-making and alignment with company values.
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Your Approach: Read the scenarios carefully and chose responses that reflected professionalism and teamwork.
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Outcome: Cleared this round and moved to the phone interview.
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Round 2 - Phone Interview:
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Questions Asked: A mix of competency-based questions (e.g., “Tell me about a time you worked in a team”) and basic finance-related questions.
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Your Approach: Used the STAR method for competency questions and brushed up on basic finance concepts beforehand.
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Outcome: Successfully passed and invited to the Assessment Centre.
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Round 3 - Assessment Centre (AC):
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Group Discussion:
- Questions Asked: Presented with a business case and asked to discuss and present solutions as a group.
- Your Approach: Actively participated, listened to others, and structured my points logically.
- Outcome: Feedback was positive; moved to the next rounds.
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Case Study (Stock Pitch):
- Questions Asked: Asked to analyze a stock and pitch it to an interviewer.
- Your Approach: Focused on valuation metrics, industry trends, and clear communication.
- Outcome: Interviewer seemed engaged; felt confident about my performance.
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Competency Interview:
- Questions Asked: Questions like “Why investment banking?” and “Describe a challenging situation.”
- Your Approach: Used real-life examples and linked them to the role.
- Outcome: Felt it went well; interviewer was responsive.
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Financial Interview:
- Questions Asked: Technical questions about financial statements, valuation methods, and market trends.
- Your Approach: Revised core finance concepts and stayed calm under pressure.
- Outcome: Answered most questions correctly but stumbled on one or two.
Preparation Tips:
- For competency questions, practice the STAR method and have 3-4 strong examples ready.
- Brush up on basic finance concepts like DCF, multiples, and financial statements.
- For group discussions, focus on collaboration and clarity.
- Mock interviews helped a lot in building confidence.
Conclusion:
Overall, the process was intense but rewarding. The Assessment Centre was the most challenging part, but thorough preparation paid off. I could have practiced more technical finance questions to feel fully confident. My advice: start early, stay organized, and don’t underestimate the importance of soft skills!
Company Name: Deutsche Bank
Position: Investment Banking Internship
Application Process: The interview process consisted of two rounds and was described as straightforward and easy. The candidate received prompt feedback after the first round and was invited to the final round the next day.
Interview Rounds:
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Round 1 - Technical Interview:
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Questions Asked: The first round focused on technical questions relevant to the role. Specific questions were not provided.
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Your Approach: The candidate prepared for technical aspects of investment banking but did not share detailed strategies.
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Outcome: The candidate passed this round and was invited to the final round the same day.
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Round 2 - Personal Fit Interview:
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Questions Asked: The final round emphasized personal fit and alignment with the company culture. Specific questions were not detailed.
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Your Approach: The candidate likely focused on showcasing their personality, motivations, and fit for the role and company.
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Outcome: The outcome of this round was not specified.
Conclusion:
The candidate found the interview process to be smooth and straightforward. They highlighted the importance of being prepared for both technical and personal fit aspects of the interview. While they did not share specific preparation tips, the experience suggests that a balanced approach to technical knowledge and interpersonal skills is key for success in such interviews.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Location: Campus Placement
Application Process: Applied through campus placement. The interview process was conducted on a single day with three rounds of interviews, combining both HR and technical aspects.
Interview Rounds:
Preparation Tips:
- Brush up on core finance concepts like valuation methods, financial statements, and mergers & acquisitions.
- Practice explaining technical terms in simple terms.
- Review case studies from finance textbooks or online resources.
Conclusion:
The interview process was intense but well-structured. What worked for me was staying calm and articulating my thoughts clearly. I could have prepared more case studies beforehand. For future candidates, focus on both technical knowledge and communication skills—Deutsche Bank values clarity and confidence.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Application Process: Applied through the company’s career portal.
Interview Rounds:
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Round 1 - Phone Interview:
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Questions Asked: Basic accounting and finance questions, along with some behavioral questions.
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Your Approach: I reviewed fundamental accounting principles and practiced common finance interview questions. For behavioral questions, I used the STAR method to structure my answers.
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Outcome: Passed this round and was invited to the Super Day.
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Round 2 - Super Day (3 Back-to-Back Interviews):
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Questions Asked: Technical questions on accounting and finance, case studies, and deeper discussions on my resume. The interviews were conducted by associates, a VP, and an MD.
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Your Approach: I relied heavily on the WSO Guides for technical preparation and practiced mock interviews to simulate the Super Day experience. I also made sure to articulate my thought process clearly during case studies.
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Outcome: The feedback was positive, and I felt well-prepared, though the technical questions were quite challenging.
Preparation Tips:
- The WSO Guides were invaluable for technical preparation.
- Practicing mock interviews helped me get comfortable with the format and timing.
- Reviewing my resume thoroughly ensured I could speak confidently about every detail.
Conclusion:
Overall, the interview process was rigorous but fair. The technical questions were tough, but thorough preparation made a significant difference. For future candidates, I’d recommend focusing on mastering the basics of accounting and finance and practicing under timed conditions to simulate the real experience.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Application Process: The process began with resume shortlisting, followed by a finance workshop. After that, there was a test, and then final interview calls were scheduled. There was also a telephonic call to gauge my interest and understand other shortlists I had. The final day included a dinner and three interview rounds.
Interview Rounds:
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Round 1 - Technical Questions:
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Questions Asked: Technical questions related to finance and investment banking.
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Your Approach: I focused on applying my knowledge from the finance workshop and previous coursework to answer the questions.
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Outcome: Passed to the next round.
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Round 2 - Technical + Background Questions:
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Questions Asked: A mix of technical questions and background-related queries.
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Your Approach: I balanced my responses by showcasing my technical skills while also highlighting my background and experiences relevant to the role.
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Outcome: Advanced to the final round.
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Round 3 - CV Walkthrough & Fit Questions:
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Questions Asked: Walked through my CV, questions like “Why Investment Banking?” and “Why Deutsche Bank?” along with some financial and background fit questions.
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Your Approach: I prepared thoroughly to articulate my motivations clearly and linked my experiences to the role and company values.
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Outcome: Successfully cleared the round.
Preparation Tips:
- Focus on understanding core finance concepts, especially those relevant to investment banking.
- Practice articulating your motivations for joining the field and the specific company.
- Be ready to discuss your CV in detail and connect it to the role.
Conclusion:
Overall, the process was rigorous but well-structured. What worked well was my preparation for technical questions and my ability to clearly communicate my motivations. For future candidates, I’d recommend practicing both technical and behavioral questions to ensure a balanced performance in all rounds.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Application Process: Applied through the regular application process and was selected for the Super Day interview.
Interview Rounds:
Preparation Tips:
- Focus on mastering technical concepts relevant to investment banking.
- Practice brainteasers and problem-solving under time constraints.
- Prepare for behavioral questions by reflecting on past experiences.
Conclusion:
The Super Day was intense but manageable with proper preparation. Staying composed and confident was key. For future candidates, I’d recommend dedicating ample time to technical prep and mock interviews.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Application Process:
Attended an info session hosted by the school career center, networked with bankers and alumni, and secured a phone interview. The process was heavily behavioral, and communication post-interview was lacking.
Interview Rounds:
- Round 1 - Phone Interview (Behavioral):
- Questions Asked:
- Behavioral questions focused on teamwork, leadership, and problem-solving.
- Your Approach:
- Prepared using the STAR method to structure responses clearly.
- Outcome:
- No feedback or further communication after the interview.
Conclusion:
The experience was underwhelming, especially due to the lack of follow-up. Networking and a strong freshman summer internship seem critical for advancing in the process. Future candidates should focus on building relevant experience early and prepare thoroughly for behavioral questions.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Application Process:
I applied during the last week of December. After about a week or two, I was moved forward to take the test. There was a long silence afterward—about a month or a month and a half—so I assumed I didn’t make it. However, I eventually received an email confirming I had progressed to the next stage. I had about 6 days to prepare for the next steps. The recruiter was very supportive and sent helpful documents 4 days before the in-person interview.
Interview Rounds:
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Round 1 - Online Test:
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Questions Asked: Not specified in detail.
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Your Approach: Focused on general aptitude and technical skills relevant to investment banking.
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Outcome: Passed and moved to the next round after a long wait.
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Round 2 - In-Person Interview:
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Questions Asked: Met with a Vice President and a Director. Questions were likely about technical knowledge, problem-solving, and fit for the role.
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Your Approach: Prepared using the documents provided by the recruiter and reviewed key concepts in investment banking.
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Outcome: Passed and advanced to the final round (Assessment Center).
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Round 3 - Assessment Center (AC):
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Questions Asked: Tough 1:1 interviews with group heads and managing directors. Questions were likely in-depth and focused on technical skills, case studies, and behavioral fit.
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Your Approach: Prepared rigorously, focusing on both technical and behavioral aspects.
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Outcome: Received an offer the next business day via phone call.
Preparation Tips:
- Utilize any resources provided by the recruiter—they can be incredibly helpful.
- Focus on both technical knowledge (e.g., financial modeling, valuation) and behavioral questions.
- Practice case studies and problem-solving under pressure.
Conclusion:
Overall, the process was thorough but rewarding. The long wait between rounds was stressful, but persistence paid off. The recruiters were supportive, and the interviewers were professional. My advice is to stay patient and prepare as much as possible, especially for the final rounds with senior leadership.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Location: Not specified
Application Process: Applied through the company’s recruitment portal.
Interview Rounds:
Preparation Tips:
- Brush up on core investment banking technicals (DCF, LBO, valuation methods).
- Practice explaining complex concepts in simple terms.
- Be ready for detailed technical questions, as interviewers may dive deep.
Conclusion:
The interview process was rigorous but fair. The technical round was challenging, but thorough preparation helped. The final round with the MD was more about fit and personality. My advice: focus on both technical and interpersonal skills, as both are crucial for landing the role.