Getting Started

What you need to know, where do you begin and how do you focus your job search?

Firstly you'll want to do a little research on the industry and think about whether a career in an investment bank is right for you.. Take a look at the "how to prepare" article in this section for some research tips. For certain, you shouldn't go into banking just for the money, the lifestyle is to demanding. To do well and excel in this world, you will need to really enjoy the work itself as well as the rewards.

You begin your job search, and, from what you've heard so far, you want to give investment banking a shot. But there's one small problem: You're not exactly sure what an investment bank does, so convincing the recruiter you're perfect for the job is gong to be a challenge.

Investment Banking isn’t one specific service or function. It's an umbrella term for a range of activities. At Deutsche Bank these activities are grouped into divisions and each division has opportunities for graduates. Research these areas thoroughly before making your decision.

To do this firstly you need to talk to people working in investment banks. You can do this by attending presentations and other events. A listing of the global Deutsche Bank presentations can be found in 'Events'. When you go to presentations make sure you talk to the business representatives, ask them questions and make an impression.

At university, the best sources of information are people who have spent a summer internship at an investment bank. Your alumni network should also be useful. Read lots of career guides and profiles in the 'Meet our People' section is an excellent source of information.

Competition is fierce and you'll need to be resourceful and persistent. Doing a summer internship in an investment bank is the best possible way of finding the right fit for you, as well as being that all important foot in the door.

And once you've have talked to all the people you can and read as much information as possible you're ready to prepare for the online application.

Our Process

The Deutsche Bank Recruiting Process

Deutsche Bank’s recruiting process is designed to help us identify and hire the very best people available in the fairest manner possible. If you want to work for us, and you have the right capabilities and experience, you will find that our process will give you a chance that is equal to those of all others we consider for positions.

However, we also ask you to consider your application carefully. Your career choice is incredibly important and there are many industries and employers to consider. Before accepting our offer we want you to be sure that you feel as excited about working for us as we are about having you join Deutsche Bank.

Although the precise timeline, number of steps, and evaluation process varies somewhat across our global organization and many divisions, the common elements for most positions at Deutsche Bank include:

Step one: the online application
Step two: in-person interview(s)
Step three: job offer

The Online Application
The first step in Deutsche Bank抯 recruiting process is our online application form (available through our website at www.db.com/careers). All applicants to Deutsche Bank must complete our online application form, regardless of whether or not you attend a school at which we recruit. When you complete the form, you will be asked to indicate your job and regional preferences. You will also be asked to share information about your background and relevant experiences. This is your opportunity to make the case for why you would be an outstanding employee for Deutsche Bank.

On our side, recruiters review every online application that we receive. After they抳e reviewed your online application our recruiters will contact you to let you know whether you’ve been selected to proceed to step two of the interview process.

The Interview Process
If you successfully pass the initial evaluation based upon your online application, you will be invited to interview with a member of our recruiting team. Depending on your geographical location and whether we are recruiting on your campus, we will conduct the interview on campus, in an arranged location (for example, a hotel), or in a Deutsche Bank office. Deutsche Bank targets and recruits for region-specific jobs at a number of key schools in a variety of regions around the world.

The interview process typically consists of one to three rounds of interviews, and can also include quantitative tests, language tests, and case studies. However, the specifics of the process vary depending on the region and the position. For instance, the process for undergraduate candidates for full-time Global Markets Analyst positions in Australia consists of three rounds of interviews and a series of aptitude tests, while the process for full-time Global Corporate Finance Associate positions in the U.K. consists of two face-to-face interviews followed by a 揝uper Saturday?series of final-round interviews in London.

Please check the recruiting details page for the region where you want to work for more details.

Decision Processes
Our recruiters will contact you after each stage of the process to let you know our decision. If you have not selected to move forward, the contact will be via e-mail. If you are selected to move forward to the next step, we will typically call you. We call all candidates who reach the final round of interviews to let them know whether they will be receiving a job offer.

If we don’t select you to interview with us, we will leave your application open until all potential opportunities within your desired position/region are filled in order to ensure you have maximum opportunity for selection.

It is also possible that a recruiter may pass your application to another division if it appears that you would better fit a different position in Deutsche Bank. If the recruiter who receives your forwarded application wishes to proceed with you, we will contact you to set up an interview. If all programs for that region/division are filled, you will receive an email notification that your application has been closed.

When to Apply
The application timetable varies by region and by position. For example, we accept applications for U.K. summer and full-time Associate and Analyst positions starting on September 1, while we accept applications for positions in Germany year-round.

Please check the description of that regional position for details on timetables.

On line Applications

What do you look for in candidate resumes/CVs?

Our online application is the only method of application we accept條evels the resume/CV field to a consistent format that helps us to most effectively review and evaluate your qualifications. But just because our form is standardized, doesn’t mean we want cookie-cutter responses. Look for ways you can differentiate yourself.
· Target your responses to the role you like. Looking to work in our Hong Kong office? Tell us why you will be a good fit. Have you lived/worked in Hong Kong? Do you speak Mandarin? Tell us, we want to know.
· Point to specific ways your experience uniquely qualifies you. If you want to work in Corporate Finance tell us about some of the analysis you conducted at a previous job or for a class project. Want to work in Private Banking? Demonstrate that you are not only a quant jock but also a very competent relationship manager.
· If you are receiving your first university degree and don’t have much work experience, talk about your technical skills, your extra-curricular and leadership roles, and relevant projects you completed in school.
· Make your responses concise. This isn’t an essay exam.
· Feel free to use bullets and brief factual statements.

What are immediate turn-offs on a resume/CV? Turn-ons?

If you spell our company name wrong and admittedly, it is easy to do not expect a call. In fact, spelling errors of any type will be taken very seriously. Avoid anything that smacks of a generic or blanket approach. You抎 be surprised how many obvious cut and paste errors we receive: "I want to work for XYZ Investment Company because Instead, demonstrate with real facts that you have done your homework, and give us examples of why you and Deutsche Bank are a good match.

Additionally, while we want to know who you are and what you’ve done, we have to review hundreds of resumes/CVs every year. Being concise and direct demonstrates your professionalism.

Tips for Maximizing Your Deutsche Bank Online Job Application

Deutsche Bank’s hiring process has been established to accomplish two objectives: to help us find and hire the best possible candidates, and to make sure that we evaluate every candidate fairly. With the number of applications we receive each day this is no small task.

The very first step of our process centers around the online application, available through our website. Every candidate who applies to us must fill out our online application form. While this may seem like a burden, we believe that it is our best way to provide all candidates with a level playing field. Moreover, real people on our team review every application we receive.

No doubt you抳e filled out several online applications already and are familiar with the questions and process. However, we receive and review thousands of applications ourselves, so let us offer you a few tips about how to give yourself the best chance of securing an interview with Deutsche Bank.

Know What to Expect

We can at least try to help you as much as possible with the Deutsche Bank application! Below is a pdf example of our online aplication form. We have put it here to give you the option of familiarising yourself with the form before you start the formal application process. This pdf is a guide only - it may vary from the online version you select in My Application.

In order to apply to Deutsche Bank you must go via My Application which will take you to our online application database. Here you will be taken through steps to select a region, program and division. Once you have submitted your application you will receive a link via email to your own personal virtual centre where you can track the process of your application and sign up for an interview.

Example application form

Don’t Miss the Boat

The online application form is the only gateway to our interview process ?so you really must fill it out if you wish to be considered for a position. You should also carefully note the application dates and timelines which are listed throughout our website. Unfortunately, given the volume of applications we receive, we just cannot extend our deadlines.

In order to make sure you get the process rolling, you may want to start your application now. When you enter the application, you will be asked whether you are a new candidate? (Setting up your application for the first time) or a returning candidate?(updating your application or tracking your progress). Unlike some other online applications, our system allows you to start the application and then come back and change it until you feel ready to submit it. Once you have submitted your information, you will also be able to track the progress of your application online.

What You will Find Online
Once you go to the application form itself, you will be asked to indicate the country and the type of position for which you are applying. We offer two options -- the Analyst application (typically undergraduate or postgraduate degree backgrounds) and the Associate application (typically MBA graduates with some work experience).

The Analyst application can take anywhere from 5-40 minutes to complete depending upon which region you are applying to. The application allows you to discuss your experiences outside of immediate work experience. We strongly encourage candidates for the Analyst program to explore the online application process before submitting their applications. As you go through this aspect of the website, you will find helpful tools such as FAQs, deadlines, and preparation tips that may help you fill out the application.

The application process is shorter for Associate candidates the form typically takes about five minutes to complete. You simply input your contact information and attach your CV/ resume.

What Happens Next

Within 24 hours after submitting your online application, you will receive an e-mail from Deutsche Bank confirming our receipt of the application. Next, Deutsche Bank recruiters will study your application along with those from all other candidates.

They will be looking at your background, your experiences, your relevant scores/grades and other aspects covered in the application in order to determine whether to take the next step and invite you for an interview. Unfortunately, given the number of applications we receive, as well as the high caliber of candidates who seek positions with us, we are not able to proceed with every candidate.

However, you can be assured that a real person will review your application, and, once we have decided about whether or not to proceed to an in-person interview, we will notify you of our decision. If Deutsche Bank is conducting interviews on your campus make sure to contact your career office to learn about any additional steps you might need to take to secure an interview slot.

Some Tips About the Process

As mentioned above, we have established our application and interview process in order to give all candidates an equal and fair shot at the limited number of positions we have available. However, there are a number of things that you can do to help insure that you put your application in the best light possible. Here are a few suggestions:

· Know your goals. Be clear about the area(s) of the company that most interests you -- Global Corporate Finance, Global Markets, etc. and why you think you are a great candidate for that position. We understand that you might be interested in more than one area of the bank, but you抣l probably want to target your application to one or two positions.
· Know Deutsche Bank. Nothing turns a recruiter off quicker than an obvious lack of knowledge about our organization. While we are a global bank with offices in more than 73 countries, not all of our divisions operate in each office. You don’t want to be surprised to learn that we don’t have an appropriate Associate program in our New Zealand and Australian offices when you begin to fill out the application.
· Make your best case. Be sure that your application and CV/resume highlight the things in your background that best explain and demonstrate your qualifications for the position. This could/should include examples from past work, your academic career, extracurricular activities, hobbies, or any other area that is relevant. Since our first cut is based upon a review of your online application, we won’t know anything that you don’t tell us.
· Explain your choice of locations, if necessary. If you are applying for a position in a region outside of your current location, highlight why you want to work in that region. If you speak Chinese or have experience living or working abroad and you want to work in our Shanghai office, document these experiences in your CV/resume
· Follow instructions carefully. We have set up our applications in order to collect information that helps us evaluate you as a candidate. If you don’t follow the instructions, you will hurt your own chances to succeed.
· Use Word (.doc) attachments. If you wish to upload a document, we ask that you use Microsoft Word format. We can also view supporting materials in the Acrobat (.pdf) format.
What to Do If You Have a Problem Applying

There are helplines you can contact to sort out problems.

For online application technical questions:
Please email help@kprime.org

For recruiting related questions:
Germany, call our career hotline at +49 69 910 36221.
US, please email usacampus.teamus@db.com
UK and other European countries please call our hotline +44 207 545 3033

How to Prepare?

How To Conduct Research To Prepare for your Interview

You have secured the interview, read the brochures, surfed the Web, and talked to alums working in Deutsche Bank. How do you ensure a successful interview? The same way you抎 go about doing the job once you are there: with careful preparation, research and attention to detail.

The first step in any successful job search is research. Not only do you need to know about the position and division you抣l be interviewing for, you also need to know about who we are as a company, our characteristics, some of our history, and what differentiates Deutsche Bank from the other institutions in our industry. Why? Because, as we have said before, you will need to convince your interviewer that you are the perfect person for the particular job. Your resume, your answers梚ndeed, your entire persona梞ust henceforth be steeped in Deutsche Bank and finance. Just because you know what a researcher at another investment bank does, your job at Deutsche Bank may be different. Additionally, by doing your research you抣l quickly find out if you are a good fit within Deutsche Bank. It is as important for you to feel comfortable with Deutsche Bank, as it is for us to feel comfortable with you.

If you haven’t done so already, try to get a hold of our annual report and read it. We’re not going to ask you about all of our accounts receivable but you should know how we performed last year. A lot of companies claim to be global, but we really are. Deutsche Bank operates in over 73 countries. You can get all the basic facts and figures from our annual report. You will also be able to impress your interviewer with your knowledge of the company抯 business mix. Everything helps.

Check out what the press has to say about us and review our press releases on the website. Our press releases will give you information about our most recent initiatives, organizational changes, and deals. This information will give you a pretty good idea of the areas of our business that we are looking to expand and insight into our growth strategy.

If you don’t subscribe to the Wall Street Journal, Financial Times, or other relevant business journal, you may want to do so right now. Information is at the crux of everything we do. The deals you structure, products you sell & trade, and the recommendations you make will all be based on how the global markets are performing and whether individual company抯 are profitable. If you plan to work for Deutsche Bank, you抣l need to know how the markets are performing everyday. Your classmates are also a great source for information. See what they have to say about the markets. They may have some great perspectives or insight that can help you in your interview. The more you learn and discuss the issues pretaining to a particular job within Deutsche Bank, the more comfortable you will be speaking about those same topics during your interview.

If you have an opportunity to attend one of our campus events, ensure you do so. This will give you the best insight into our company culture.

Research Tips
Good Sources of Information about Deutsche Bank

Second-year MBAs or final year undergraduates who worked as summer interns in the industry or better still at Deutsche Bank
Associate and Analysts who are alums of your school
Friends of friends who work in finance
Any alums of your school
Industry Insider Guides & Discussion Boards

Other Sources that May Also Be Helpful

Deutsche Bank website
Deutsche Bank representatives at info sessions and career fairs
Day-on-the-job programs ?if they are available at your school
Informational interviews with current employees
Deutsche Bank press releases
Events arranged by business or finance-related societies run by students on campus
Business publications including the Wall Street Journal, Investment Dealers Digest, The Economist, The Week, Financial Times, Institutional Investor, Business Week and others

Interview Checklist

1. Know Yourself

Before you put yourself through our interview process, make sure you know who you are. Know what you want to do and why you want to do it. Understand that people get into financial services for many reasons. This is a challenging career. Make sure you know what your motivations are. You抣l be asked about them.
· Why do you want to be a banker?
· What activities have you done in the past?
· Where have you worked?
· What kind of person are you?
· What are your strengths and weaknesses?
· What do you love and hate?
· Make sure you know your resume

2. Know Deutsche Bank

We have been around for a long time. Know our history as well as the deal we just closed. Although we try to be as fair as possible, every office conducts their interviews slightly differently. Try to learn how they differ.
· What countries do we operate in?
· How many divisions do we have?
· What divisions operate in the region you are interested in?
· What is our organizational structure?
· Who are our senior managers?
· How many people from your school did we hire last year?
· What are some of the more important/news worthy deals we just closed?
· Have you talked to any company representatives/current employees?
· What do recent Deutsche Bank summer interns at your school have to say about us?

3. Know The Industry/Know The Job

We realize that every job has a large learning curve. When you join Deutsche Bank you will take part of a comprehensive training program. However, we expect you to understand some fundamental concepts about the industry and your job.
· Get used to banking lingo. Fixed Income, Cash Flow, Bond
· Follow the large markets. We don’t expect you to know the exact percentage change of a specific stock but we do expect you to know the major trends in some of the large financial markets.
· If you are interviewing for a research position don’t ask when you will start selling or trading.
· Know who the major players are in the industry.
· Have a few questions prepared to demonstrate you have done some research and want more information.

The Interview

What do you look for in candidate resumes/CVs?

Our online application is the only method of application we accept條evels the resume/CV field to a consistent format that helps us to most effectively review and evaluate your qualifications. But just because our form is standardized, doesn’t mean we want cookie-cutter responses. Look for ways you can differentiate yourself.
· Target your responses to the role you like. Looking to work in our Hong Kong office? Tell us why you will be a good fit. Have you lived/worked in Hong Kong? Do you speak Mandarin? Tell us, we want to know.
· Point to specific ways your experience uniquely qualifies you. If you want to work in Corporate Finance tell us about some of the analysis you conducted at a previous job or for a class project. Want to work in Private Banking? Demonstrate that you are not only a quant jock but also a very competent relationship manager.
· If you are receiving your first university degree and don抰 have much work experience, talk about your technical skills, your extra-curricular and leadership roles, and relevant projects you completed in school.
· Make your responses concise. This isn抰 an essay exam.
· Feel free to use bullets and brief factual statements.

What are immediate turn-offs on a resume/CV? Turn-ons?

If you spell our company name wrong and admittedly, it is easy to do not expect a call. In fact, spelling errors of any type will be taken very seriously. Avoid anything that smacks of a generic or blanket approach. You will be surprised how many obvious cut and paste errors we receive: "I want to work for XYZ Investment Company because Instead, demonstrate with real facts that you抳e done your homework, and give us examples of why you and Deutsche Bank are a good match.

Additionally, while we want to know who you are and what you抳e done, we have to review hundreds of resumes/CVs every year. Being concise and direct demonstrates your professionalism.

How do you decide if a candidate advances in the interviewing process?

Number one is academics. Those without stellar records need not apply. Don抰 think omitting your grades will help you slip in. This is an indicator that you抮e hiding something. That said, never underestimate the pull of demonstrating relevant work experience ?in some regions this takes precedence over strong grades. This is not a time to be modest.

If you have banking experience, this is also extremely helpful, and you should emphasize that in the application and during the interview. In any case, we will expect you to have done your homework about Deutsche Bank and the investment banking industry. Knowing (or not knowing) what we are doing, how we are performing, where we operate, and new ventures we抳e initiated says a lot about your desire to get a job with us. Your willingness to do your homework now is a good indicator of the type of employee you will be in the future.

Our interviewers are also looking to see if you抣l be a fit in our culture. Ultimately we抮e trying to figure out 揇o I want to work with this person??The person who interviews you today may very well be your co-worker tomorrow. You will be spending a lot of time with this person every week, so it抯 important that you get along. Try to speak with Deutsche Bank employees before your interview. Go to networking events, or conduct an informational interview if that is available to you to get a sense of our culture. It is as important for you as it is for us to determine whether you抎 fit into Deutsche Bank.

What should a candidate expect in a typical interview?

Be prepared to tell us why you抮e right for Deutsche Bank and why Deutsche Bank is right for you. If you抮e serious about an investment banking career, we understand that you抣l be talking to a lot of firms. But you should understand how Deutsche Bank differs from the pack, and why the particular division to which you抮e applying is a better fit for you than any other similar job in the industry.

If you are an MBA, elementary concepts like discounted cash flow and the weighted average cost of capital should be as familiar as the back of your hand. Also, follow the markets. We may not ask you about the rate on 10 Year U.S. Treasuries but it doesn’t hurt to know.

If you are an undergraduate, you won’t be expected to perform quantitative Olympics at a Derivatives Trader level, but you should be familiar with the basic concepts of valuation. For a role in sales and trading, demonstrate your ability to persuade. For a position in corporate finance or research, you will need to understand financial markets and have a grasp of the basic tools of financial analysis. If you are applying to a role in a non-finance oriented division tell us why you want to work in the financial services industry vs. other industries. Even though you may not be working directly with numbers and the markets, you still need to understand them.

What is the biggest mistake a candidate can make in an interview?

Lack of drive and lack of preparation. The first interview is not the time to ask about our vacation policies or get an education about the difference between buy-side vs. sell-side. Instead, show us you have got a fire in your belly to work here. Sell yourself without reservation. And if you get backed into a corner with a difficult question, don’t cop an attitude. Instead hang in there and try to find a satisfactory response. The financial services industry is not for the faint of heart. Rapid change is the norm and you have to show us that you抳e got the chops and the intelligence to keep up.

Also, make sure you understand the question that was asked. If you don’t understand a question, ask for clarification. We will rather repeat a question than get a completely irrelevant answer.

We also encourage candidates to be prepared to back up claims about their abilities with real life examples.

What are the most effective ways for a candidate to follow up after an interview?

Before you leave, ask your interviewer what the next step is, and when you can expect a response. It is a good idea to get a contact number and ask if you can call. Don’t make a pest of yourself, but if you haven’t heard within the stated time frame, you can feel free to give a follow-up call or better yet, send an email.

A thank you note is always welcome. It is yet another indicator that you really want this job and took the time to acknowledge the people you met. Many of the people you抣l meet during your interview are full-time employees in our various divisions. They are not full-time recruiters. They take time out from their busy schedules to meet and speak with you. Sending your interviewer a thank you note demonstrates your understanding of his or her job. You don’t have to send a handwritten note; an email is great.

What are the qualities necessary for success in your firm and how do you screen for these qualities in your candidates?

We value leadership potential, teamwork, integrity and professionalism. Generally, we look for strong quantitative and analytical skills as well as good communications and selling abilities. We also expect that candidates will be prepared to discuss how to value a company, work with a few numbers without breaking into a cold sweat, and to talk about a negotiation they have experienced. We also want you to understand that careers in investment banking require a large time commitment. If you are looking for a great quality of life balance, at least for the first few years, you may want to reconsider your career goals.

The ability to think globally is also important to us. We have over 69,000 employees in 73 countries. We operate in every major financial market in the world. You should understand how the Japanese market will affect the German market and vice versa.

What is the best way to break into the interview cycle if you’re not on campus?

With our online application system, you can apply from wherever you are, regardless of our campus event schedule. The system allows you to track the process of your application, and if we invite you for an interview, we抣l arrange a convenient location: on campus, at a hotel, or at our offices.