Company Name: Deutsche Bank
Position: Investment Banking Internship
Application Process: Applied through the bank’s official career portal.
Interview Rounds:
- Round 1 - HR and Technical Interview:
- Questions Asked:
- HR discussed various programs offered by the bank.
- Behavioral questions like “Tell me about yourself” and “Why Deutsche Bank?”
- Basic technical questions related to investment banking concepts.
- Your Approach:
- Prepared a concise introduction highlighting relevant experience.
- Researched the bank’s programs and aligned my answers with their values.
- Reviewed fundamental investment banking topics beforehand.
- Outcome:
- The interviewers were friendly, and the conversation flowed smoothly. Awaiting further updates.
Preparation Tips:
- Research the company’s programs and values thoroughly.
- Practice behavioral questions with a focus on clarity and relevance.
- Brush up on basic investment banking concepts.
Conclusion:
Overall, it was a positive experience. The interviewers were approachable, and the questions were fair. I would advise future candidates to be well-prepared but also relaxed to engage naturally in the conversation.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Application Process: The application process involved a standard Superday format. After submitting my application, I was selected for the first round, which was a 2:1 interview. Based on performance, candidates were then chosen to proceed to the final round. The entire process took place over a single day.
Interview Rounds:
Preparation Tips:
- Brush up on core technical concepts like valuation methods and accounting principles.
- Practice behavioral questions using the STAR method to ensure concise and impactful answers.
- Stay updated on recent market trends and deals to discuss intelligently.
Conclusion:
Overall, the experience was intense but rewarding. The interviewers varied in demeanor, but I learned to adapt quickly. If I could do anything differently, I’d spend more time on recent industry news to add depth to my answers. For future candidates, my advice is to prepare thoroughly and stay composed—confidence goes a long way!
Company Name: Deutsche Bank
Position: Investment Banking Internship
Application Process: I applied through my college’s campus recruiting website.
Interview Rounds:
Preparation Tips:
- Research the company and the role thoroughly.
- Be ready to discuss every detail on your resume.
- Practice answering “Why banking?” clearly and confidently.
Conclusion:
Overall, the interview process was smooth and focused on fit and motivation. Being well-prepared and confident in my answers helped me succeed. I would advise future candidates to know their resume inside out and be genuine about their interest in banking.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Location: [Not specified]
Application Process: Applied through the company’s recruitment portal. Received a phone interview invitation after submitting the application.
Interview Rounds:
Preparation Tips:
- Focus on standard investment banking technical questions.
- Be ready to discuss your recent experiences and how they relate to the role.
- Practice behavioral questions to articulate your thoughts clearly.
Conclusion:
The process was smooth and well-organized. Preparing for technicals and being concise in my answers helped a lot. Would recommend practicing mock interviews to build confidence.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Location: [Not specified]
Application Process:
The process was quick and involved a lateral hire interview. I went through a single day of meetings with 5-6 people from different departments. The goal was to meet as many team members as possible. If the big boss liked me and no one had any major objections, the offer was extended. In my case, the offer came quickly, and I was connected through a headhunter who likely advocated for me.
Interview Rounds:
- Round 1 - Meet & Greet with Multiple Departments:
- Questions Asked:
- General questions about my background and experience.
- Why I was interested in investment banking and Deutsche Bank specifically.
- How I handle teamwork and high-pressure situations.
- Your Approach:
- I focused on being genuine and highlighting my relevant skills and enthusiasm for the role.
- I also made sure to ask thoughtful questions about the team and the company culture.
- Outcome:
- Positive feedback, and I moved forward in the process.
Preparation Tips:
- Research the company thoroughly, especially its recent deals or projects.
- Be ready to discuss your resume in detail and connect your experiences to the role.
- Practice answering behavioral questions, as teamwork and adaptability are key in investment banking.
Conclusion:
Overall, the process was smooth and efficient. Meeting multiple people in one day was intense but gave a good sense of the team dynamics. I’d advise future candidates to be themselves, stay confident, and ensure they’re well-prepared to discuss their background and interest in the field.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Location: Manhattan, New York
Application Process:
I dropped my resume through campus recruiting and the bank’s internal systems after previously working there in a different division. Once my resume was pulled, I was invited for a super day at the Manhattan office.
Interview Rounds:
-
Round 1 - Associate and VP Interview:
- Questions Asked:
- Behavioral: “Tell me about a time you worked in a team and faced a conflict. How did you resolve it?”
- Technical: “Walk me through a DCF model.”
- Your Approach:
- For the behavioral question, I used the STAR method to structure my answer, focusing on collaboration and problem-solving.
- For the technical question, I broke down the DCF into its core components (unlevered free cash flow, terminal value, discount rate) and explained each step clearly.
- Outcome: Passed this round and moved on to the final rounds after lunch.
-
Round 2 - Director Interview:
- Questions Asked:
- Behavioral: “Why investment banking, and why Deutsche Bank?”
- Technical: “How would you value a company with negative EBITDA?”
- Your Approach:
- For the behavioral question, I tied my answer to my previous experience at the bank and my long-term career goals.
- For the technical question, I discussed alternative valuation methods like precedent transactions or liquidation value, given the negative EBITDA.
- Outcome: The interview was challenging but went well.
-
Round 3 - Managing Director Interview:
- Questions Asked:
- Behavioral: “Describe a situation where you had to manage multiple deadlines. How did you prioritize?”
- Behavioral: “What do you think sets Deutsche Bank apart from its competitors?”
- Your Approach:
- I used specific examples from my academic and professional experiences to demonstrate my time-management skills.
- For the second question, I highlighted the bank’s global reach and culture of collaboration.
- Outcome: The MD seemed engaged, and the conversation flowed naturally.
Preparation Tips:
- Brush up on technical concepts like DCF, LBO, and valuation methods.
- Practice behavioral questions using the STAR method to structure answers.
- Research the bank’s recent deals and culture to tailor your responses.
Conclusion:
Overall, the super day was intense but rewarding. The technical rounds were rigorous, so I’d advise future candidates to focus on mastering core finance concepts. The behavioral rounds were more conversational, so being authentic and prepared with stories is key. Good luck!
Company Name: Deutsche Bank
Position: Investment Banking Internship
Application Process: Applied through the company’s career portal. The process involved submitting a resume and cover letter, followed by an initial screening call.
Interview Rounds:
Preparation Tips:
- Brush up on core financial concepts like valuation methods (DCF, Comps, Precedents) and accounting principles.
- Practice behavioral questions using the STAR method to structure answers effectively.
- Stay updated on recent market trends and news, as these often come up in interviews.
- Mock interviews with peers or mentors can help refine your communication skills.
Conclusion:
Overall, the interview process was rigorous but well-structured. The key was balancing technical knowledge with strong communication skills. I could have prepared more for the behavioral rounds by researching the company’s culture in-depth. My advice to future candidates is to start early, practice consistently, and stay confident throughout the process.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Application Process: Applied through the company’s online portal.
Interview Rounds:
- Round 1 - Technical Interview:
- Questions Asked:
- Detailed questions about financial statements (e.g., “How do the three financial statements link together?”).
- Specifics about valuation methods (e.g., “Walk me through a DCF analysis.”).
- Questions about recent market trends and their impact on investment banking.
- Your Approach:
- Tried to stay calm and structured in my answers, breaking down complex topics into simpler parts.
- Referred to real-world examples to make my points clearer.
- Outcome: Passed to the next round, but felt the questions were more about catching mistakes than assessing understanding.
Preparation Tips:
- Brush up on financial statement linkages and valuation techniques.
- Stay updated with recent market trends and news.
- Practice explaining complex concepts in simple terms.
Conclusion:
The interview was intense and very technical. While I managed to pass, I felt the approach was more about trick questions than genuine assessment. For future candidates, focus on clarity and simplicity in your answers, and don’t let the pressure get to you.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Application Process: Applied for the “Practical Working Experience Program” through Deutsche Bank’s career site. The process involved an initial screening, followed by an IQ-similar test and a first-round interview. Successful candidates were then invited to a second-round interview with a VP.
Interview Rounds:
-
Round 1 - Online Test and Initial Interview:
-
Questions Asked: The online test consisted of IQ-similar questions, likely assessing logical reasoning and problem-solving skills. The first-round interview focused on general fit and motivation for the role.
-
Your Approach: Prepared for the online test by practicing logical reasoning and problem-solving questions. For the interview, I researched Deutsche Bank’s culture and recent deals to align my answers with their values and industry focus.
-
Outcome: Passed this round and was invited to the second-round interview.
-
Round 2 - VP Interview:
-
Questions Asked: The VP asked about my understanding of investment banking, why I wanted to intern at Deutsche Bank, and how I handle teamwork and challenges. There were also situational questions to assess problem-solving skills.
-
Your Approach: I reviewed investment banking basics and Deutsche Bank’s recent transactions to speak confidently about the industry. For situational questions, I used the STAR method to structure my responses.
-
Outcome: The interview went well, and I felt confident about my answers. Awaiting final results.
Preparation Tips:
- Practice logical reasoning and problem-solving questions for the online test.
- Research the company’s recent deals and culture to tailor your answers.
- Use the STAR method for behavioral and situational questions.
Conclusion:
Overall, the process was smooth and well-structured. I wish I had practiced more situational questions beforehand, but researching the company thoroughly helped me stand out. For future candidates, focus on understanding the industry and the bank’s role in it, and be ready to demonstrate your problem-solving skills.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Location: [Not specified]
Application Process:
I received an initial email from an analyst at Deutsche Bank, which led to the interview process. The first round was a phone interview, followed by a super day at the office where I met with six team members for three two-on-one interviews. The interviews were a mix of fit and technical questions.
Interview Rounds:
Preparation Tips:
- Review core financial concepts like valuation methods, accounting principles, and market trends.
- Practice fit questions and be ready to discuss your resume in detail.
- Mock interviews with peers can help improve clarity and confidence.
Conclusion:
The interview process was challenging but rewarding. I learned the importance of being concise in fit answers and transparent in technical discussions. For future candidates, I’d recommend thorough preparation and staying calm under pressure.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Location: On-campus
Application Process: Applied through the on-campus recruitment drive. The process began with a resume shortlisting followed by interview rounds.
Interview Rounds:
-
Round 1 - Technical Interview:
-
Questions Asked:
- Walk me through your resume.
- Explain the concept of discounted cash flow (DCF) and its importance in valuation.
- How would you value a company with negative earnings?
- What are the key financial statements, and how are they interconnected?
-
Your Approach: I focused on structuring my answers clearly, starting with definitions and then diving into practical applications. For the DCF question, I broke it down into steps: forecasting cash flows, determining the discount rate, and calculating terminal value. For the negative earnings scenario, I discussed alternative valuation methods like EV/EBITDA or comparables.
-
Outcome: Cleared this round successfully.
-
Round 2 - Case Study Interview:
-
Questions Asked:
- Analyze a given M&A case and discuss the synergies.
- How would you structure the deal to maximize shareholder value?
- What are the potential risks involved?
-
Your Approach: I took a systematic approach—first identifying the strategic rationale, then quantifying synergies, and finally discussing financing options. I also highlighted risks like integration challenges and cultural mismatches.
-
Outcome: Advanced to the final round.
-
Round 3 - HR Interview:
-
Questions Asked:
- Why Deutsche Bank?
- Describe a time you worked in a team under pressure.
- Where do you see yourself in 5 years?
-
Your Approach: I aligned my answers with the bank’s values and culture. For the teamwork question, I used the STAR method to structure my response.
-
Outcome: Received positive feedback and an offer.
Preparation Tips:
- Brush up on core finance concepts like valuation methods, financial statements, and M&A.
- Practice case studies to improve analytical and structuring skills.
- Prepare for behavioral questions using the STAR method.
- Stay updated on recent financial news and Deutsche Bank’s recent deals.
Conclusion:
The overall experience was rigorous but rewarding. The technical rounds tested my conceptual clarity, while the case study round challenged my problem-solving skills. I could have prepared more thoroughly for the HR round by researching the bank’s culture in depth. My advice to future candidates is to focus on both technical and soft skills, and to practice articulating their thoughts clearly under pressure.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Application Process: Submitted my resume through the school career service. The process included one interview on campus followed by two interviews on-site.
Interview Rounds:
-
Round 1 - On-Campus Interview:
-
Questions Asked:
- Tell me about yourself.
- Why are you interested in investment banking?
- Walk me through a recent deal you found interesting.
- How do you handle tight deadlines?
-
Your Approach: I focused on being concise and structured in my answers, tying my background to the role and demonstrating my enthusiasm for the industry. For the deal question, I chose a recent M&A transaction and highlighted key takeaways.
-
Outcome: Passed to the next round.
-
Round 2 - On-Site Interview (Technical):
-
Questions Asked:
- How would you value a company?
- Explain the difference between EBITDA and net income.
- What is WACC, and why is it important?
- Case study: Analyze a company’s financials and suggest improvements.
-
Your Approach: I reviewed valuation methods beforehand and practiced explaining them clearly. For the case study, I structured my analysis step-by-step and justified my recommendations.
-
Outcome: Advanced to the final round.
-
Round 3 - On-Site Interview (Behavioral/Cultural Fit):
-
Questions Asked:
- Describe a time you worked in a team under pressure.
- How do you prioritize tasks when multiple deadlines overlap?
- What do you know about Deutsche Bank’s culture?
-
Your Approach: I used the STAR method for behavioral questions and researched the bank’s values to align my answers. I also asked thoughtful questions about the team’s dynamics.
-
Outcome: Received an offer for the internship.
Preparation Tips:
- Brush up on technical concepts like valuation methods, financial statements, and industry trends.
- Practice behavioral questions using the STAR method.
- Research the company’s recent deals and culture to tailor your answers.
Conclusion:
Overall, the process was rigorous but rewarding. I felt well-prepared for the technical rounds, but I could have practiced more case studies to feel even more confident. My advice is to stay calm, be yourself, and show genuine interest in the role and the company.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Location: [Location not specified]
Application Process: Applied through the company’s official portal after attending a campus recruitment session.
Interview Rounds:
- Round 1 - One-on-One Interviews:
- Questions Asked:
- Skill-based questions related to finance.
- Why Deutsche Bank in particular?
- Questions about previous experiences and how they align with the role.
- Your Approach:
- Prepared thoroughly by revising core finance concepts.
- Researched Deutsche Bank’s recent deals and culture to tailor my answers.
- Linked my past experiences to the skills required for the internship.
- Outcome: Successfully advanced to the next round.
Preparation Tips:
- Brush up on fundamental finance concepts, especially those relevant to investment banking.
- Research the company’s recent deals, culture, and values to personalize your answers.
- Practice articulating your past experiences in a way that highlights transferable skills.
Conclusion:
The interview process was structured and engaging. Meeting multiple team members gave me a good sense of the company culture. I felt well-prepared, but I could have practiced more behavioral questions to make my responses smoother. For future candidates, focus on both technical and cultural fit aspects to stand out.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Location: [Not specified]
Application Process: I received a voice mail from a second-year analyst at Deutsche Bank requesting a 5-minute chat. I was given the flexibility to call back at any time that day. I took some time to prepare, but since it was my first interview, I was quite nervous.
Interview Rounds:
- Round 1 - Analyst Chat:
- Questions Asked: The questions were a mix of behavioral and technical, though I don’t recall the exact details due to my nervousness.
- Your Approach: I tried to stay calm and build rapport with the interviewer, which I think went well. However, my answers to the technical questions weren’t as strong as I’d hoped.
- Outcome: Despite hitting it off with the interviewer, I didn’t perform as well as I wanted in the technical aspects.
Preparation Tips:
- Practice mock interviews to get comfortable with the format.
- Brush up on technical concepts relevant to investment banking.
- Work on staying calm under pressure.
Conclusion:
Overall, it was a learning experience. I realized the importance of thorough preparation, especially for technical questions. For future candidates, I’d recommend practicing both behavioral and technical aspects to feel more confident during the interview.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Application Process: The process began with a standard IBD online test, followed by two phone screens. After clearing these, I was invited for two days of interviews, each consisting of multiple one-on-one sessions with different interviewers. The process was well-organized, and the team was responsive throughout.
Interview Rounds:
-
Round 1 - Online Test:
-
Questions Asked: Standard IBD-related questions, likely assessing quantitative and analytical skills.
-
Your Approach: I prepared by reviewing basic financial concepts and practicing timed questions to ensure I could work efficiently under pressure.
-
Outcome: Cleared the test and moved to the next round.
-
Round 2 - Phone Screens (2 Rounds):
-
Questions Asked: Technical questions related to investment banking, such as valuation methods, financial statements, and market trends. Behavioral questions were also included.
-
Your Approach: I brushed up on core technical topics and rehearsed common behavioral questions to articulate my experiences clearly.
-
Outcome: Successfully passed both phone screens.
-
Round 3 - Onsite Interviews (Day 1: 4 Interviewers):
-
Questions Asked: A mix of technical and fit questions. Technical topics included DCF analysis, LBO models, and recent deals. Fit questions focused on teamwork, motivation, and problem-solving.
-
Your Approach: I reviewed my technical notes and prepared concise stories for behavioral questions. I also researched recent deals Deutsche Bank was involved in.
-
Outcome: Felt confident about my performance and advanced to the next day.
-
Round 4 - Onsite Interviews (Day 2: 5 Interviewers):
-
Questions Asked: Similar to Day 1 but with deeper dives into technical topics and more situational questions. Some interviewers also asked about my long-term career goals.
-
Your Approach: I stayed calm and focused, ensuring I answered questions thoroughly and tied my responses back to the role.
-
Outcome: The interviews went well, and I was informed the next day that I received an offer.
Preparation Tips:
- Technical Prep: Focus on core investment banking topics like valuation, financial modeling, and accounting. Practice explaining concepts clearly.
- Behavioral Prep: Prepare STAR (Situation, Task, Action, Result) stories for common behavioral questions.
- Research: Understand Deutsche Bank’s recent deals and market position to tailor your answers.
- Mock Interviews: Practice with peers or mentors to refine your delivery and confidence.
Conclusion:
Overall, the process was smooth and well-structured. I appreciated the responsiveness of the team and the clarity of each stage. If I could do anything differently, I might have spent more time practicing under timed conditions for the online test. For future candidates, my advice is to stay organized, prepare thoroughly, and approach each round with confidence. Good luck!
Company Name: Deutsche Bank
Position: Investment Banking Internship
Location: San Francisco (interviewed remotely from the East Coast)
Application Process: Since my school wasn’t a target school, I applied directly by emailing the recruiter.
Interview Rounds:
-
Round 1 - Phone Interview:
- Questions Asked: Mostly behavioral questions like “Why investment banking?” and “Tell me about a time you worked in a team.”
- Your Approach: I focused on aligning my answers with the skills required for investment banking, such as teamwork and analytical thinking.
- Outcome: Passed to the next round.
-
Round 2 - Phone Interview:
- Questions Asked: More in-depth behavioral questions and a few technical questions like “How do you value a company?”
- Your Approach: I prepared by brushing up on basic valuation methods (DCF, comparables) and tied my answers to real-world examples.
- Outcome: Advanced to the next round.
-
Round 3 - Phone Interview:
- Questions Asked: A mix of technical and fit questions, including “Walk me through an LBO model.”
- Your Approach: I practiced explaining complex concepts simply and used a structured approach to answer.
- Outcome: Moved forward to the Superday.
-
Round 4 - Superday (In-Person):
- Questions Asked: Four rounds of interviews with bankers at different levels. Mostly fit questions like “Why Deutsche Bank?” and situational questions. Some technical questions like “What’s the difference between EBITDA and net income?”
- Your Approach: I emphasized my passion for finance and prepared concise, impactful answers for fit questions. For technicals, I kept my explanations clear and to the point.
- Outcome: Received positive feedback and an offer.
Preparation Tips:
- Practice behavioral questions using the STAR method.
- Brush up on basic technicals like valuation methods and accounting concepts.
- Research the company thoroughly to answer “Why this firm?” convincingly.
Conclusion:
Overall, the process was intense but rewarding. Being from a non-target school, I had to put in extra effort to stand out. My advice is to prepare thoroughly for both technical and fit questions and to network proactively, even if your school isn’t a target.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Location: [Location not specified]
Application Process: Submitted my resume through the school career service.
Interview Rounds:
-
Round 1 - On-Campus Interview:
- Questions Asked: General questions about my resume, interest in investment banking, and a few technical questions related to finance basics.
- Your Approach: I focused on highlighting my relevant coursework and projects, and prepared by reviewing basic financial concepts like valuation methods and market trends.
- Outcome: Passed this round and was invited for on-site interviews.
-
Round 2 - On-Site Interview (Technical):
- Questions Asked: More in-depth technical questions, including DCF analysis, LBO modeling, and recent market trends. Also, a case study to analyze a company’s financial health.
- Your Approach: I practiced modeling beforehand and stayed updated with recent financial news. For the case study, I structured my analysis clearly and walked the interviewer through my thought process.
- Outcome: Advanced to the final round.
-
Round 3 - On-Site Interview (Behavioral & Fit):
- Questions Asked: Behavioral questions like teamwork experiences, handling tight deadlines, and why Deutsche Bank. Also, a few fit questions about company culture.
- Your Approach: I used the STAR method for behavioral questions and researched Deutsche Bank’s values to align my answers.
- Outcome: Received positive feedback and an offer for the internship.
Preparation Tips:
- Brush up on technical finance concepts, especially valuation methods.
- Practice case studies and modeling exercises.
- Stay updated with financial news and trends.
- Prepare for behavioral questions using the STAR method.
Conclusion:
Overall, the process was rigorous but rewarding. I could have practiced more case studies to feel even more confident. My advice is to prepare thoroughly for both technical and behavioral aspects and to stay calm during the interviews.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Location: San Francisco (interviewed remotely from the East Coast)
Application Process: Since my school wasn’t a target school for Deutsche Bank, I reached out directly via email to the recruiter to apply for the internship.
Interview Rounds:
-
Round 1 - Phone Interview:
- Questions Asked: Mostly behavioral and fit questions like “Why investment banking?” and “Why Deutsche Bank?”
- Your Approach: I focused on aligning my passion for finance with Deutsche Bank’s global presence and culture.
- Outcome: Passed to the next round.
-
Round 2 - Phone Interview:
- Questions Asked: More in-depth fit questions and a few technicals like “Walk me through a DCF.”
- Your Approach: I kept my answers concise and structured, ensuring I hit the key points of a DCF without rambling.
- Outcome: Advanced to the next round.
-
Round 3 - Phone Interview:
- Questions Asked: A mix of technicals (e.g., “How do you value a company?”) and situational questions (e.g., “Tell me about a time you worked in a team.”).
- Your Approach: I used the STAR method for situational questions and kept technical answers clear and to the point.
- Outcome: Moved forward to the Superday.
-
Round 4 - Superday (In-Person):
- Format: Four rounds of interviews with eight bankers at various levels.
- Questions Asked: Mostly fit-focused (e.g., “What motivates you?”) with occasional technicals (e.g., “Explain EBITDA.”).
- Your Approach: I emphasized my enthusiasm for the role and kept technical answers simple but accurate.
- Outcome: Successfully secured the internship offer!
Preparation Tips:
- Practice fit questions extensively—Deutsche Bank values cultural fit.
- Brush up on basic technicals like valuation methods and accounting concepts.
- Mock interviews helped me refine my delivery and confidence.
Conclusion:
Overall, the process was intense but rewarding. I learned the importance of being concise and authentic in my responses. For future candidates, I’d recommend networking early and preparing thoroughly for both technical and behavioral questions.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Location: [Not specified]
Application Process: Applied through the standard IBD online test, followed by phone screens. The process was well-organized and responsive.
Interview Rounds:
-
Round 1 - Online Test:
-
Questions Asked: Standard IBD-related questions to assess foundational knowledge.
-
Your Approach: Prepared by reviewing basic investment banking concepts and practicing similar online tests.
-
Outcome: Passed and proceeded to the next round.
-
Round 2 - Phone Screens (2 rounds):
-
Questions Asked: Technical questions related to financial modeling, valuation, and market trends. Behavioral questions about teamwork and problem-solving.
-
Your Approach: Focused on clear and concise answers, using the STAR method for behavioral questions. For technical questions, relied on prior internship experience and coursework.
-
Outcome: Advanced to the next stage of interviews.
-
Round 3 - Onsite Interviews (Day 1 - 4 interviewers):
-
Questions Asked: In-depth technical questions, case studies, and situational judgment scenarios. Some interviewers also asked about my interest in Deutsche Bank and the IBD division.
-
Your Approach: Stayed calm and structured in responses, ensuring to tie answers back to real-world examples. For case studies, walked through my thought process step-by-step.
-
Outcome: Moved forward to the final round.
-
Round 4 - Onsite Interviews (Day 2 - 5 interviewers):
-
Questions Asked: More advanced technical questions, including LBO modeling and DCF analysis. Behavioral fit questions and discussions about my long-term career goals.
-
Your Approach: Demonstrated enthusiasm for the role and the bank. For technical questions, ensured accuracy and clarity in explanations.
-
Outcome: Awaiting final decision, but the process concluded smoothly.
Preparation Tips:
- Reviewed investment banking interview guides and practiced technical questions.
- Brushed up on financial modeling and valuation techniques.
- Prepared answers for common behavioral questions using the STAR method.
- Researched Deutsche Bank’s recent deals and market position to tailor my responses.
Conclusion:
Overall, the interview process was well-structured and efficient. The interviewers were professional and engaging. If I could improve anything, I would practice more case studies to refine my problem-solving speed. For future candidates, I recommend thorough preparation on both technical and behavioral fronts, as well as staying updated on industry trends.
Company Name: Deutsche Bank
Position: Investment Banking Internship
Location: [Location not specified]
Application Process: Applied through the company’s official recruitment portal. The process involved submitting a resume and cover letter, followed by an initial screening call.
Interview Rounds:
-
Round 1 - Associate Interview:
-
Questions Asked:
- Walk me through your resume.
- Why investment banking?
- Technical questions: How would you value a company?
-
Your Approach:
- Focused on highlighting relevant experiences and tying them to my interest in investment banking.
- For the technical question, I used the DCF method and explained it step-by-step.
-
Outcome: Passed and moved to the next round.
-
Round 2 - VP Interview:
-
Questions Asked:
- More behavioral: Describe a time you worked in a team under pressure.
- Why Deutsche Bank?
- Market-related question: What’s a recent deal that caught your attention?
-
Your Approach:
- Used the STAR method for the behavioral question.
- Researched Deutsche Bank’s recent deals and shared my thoughts on one.
-
Outcome: Successfully advanced to the final round.
-
Round 3 - Director Interview:
-
Questions Asked:
- High-level behavioral: Where do you see yourself in 5 years?
- How do you handle feedback?
- Light technical: Explain the difference between equity and debt.
-
Your Approach:
- Kept answers concise and aligned with long-term career goals.
- For the technical question, provided a clear and simple explanation.
-
Outcome: Received positive feedback and an offer.
Preparation Tips:
- Brush up on technicals like valuation methods and accounting basics.
- Research the company’s recent deals and news.
- Practice behavioral questions using the STAR method.
Conclusion:
The process was rigorous but well-structured. The key was balancing technical knowledge with strong behavioral responses. I’d advise future candidates to prepare thoroughly for both aspects and stay updated on market trends.