JPMorgan vs Deutsche Bank
Hello. I am in a little bit of a dilemma at the moment and would appreciate advice from some people more experienced than myself. I am a junior in college looking for asummer internshipthat will ideally take me into my full time Job / career when I graduate.
I currently have offers inDeutsche Bank's investment bank in New York and also an offer to do Middle Market Banking and Specialized Industries (commercial banking)at JPMorganChase. Here's the problem. Investment banking is what I want to do, but JPMorgan is my dream firm to work at.
Does anyone have any guidance as I make this decision? I'd appreciate any insight, thank you so much.
EDIT: also was just reached out to for an interview in Barclay's investment bank and have an offer to doIBat DC Advisory
Comments (11)
DBNYC
Depends what you want to do.
The middle market team frequently works with theIBteam on deals and operates basically as a corporate banking team for middle market companies. Exit ops are regularlyMM/UMM private credit but no chance at private equity (idk abt LMMPE).
JPMhasa better name outside of finance and would (possibly?) give a better pipeline to private credit.
DBwould give u better odds if you wanted to doPE. If you had any thought on doingPEtho,DBwould be the better choice.
Basically what the guy above said - most ppl end up leaving for private credit orib. The companies we work with are interesting start ups backed by bigventure capital or privateequity or singledigit billion market cap. Good opportunities all around can't go wrong with either imo.
Source: I work there.
Similar situation would like to hear as well
This must be a joke.DBIBobviously - tf?
I had an offer fromJPMMMBSI as well
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No offence but the two aren't even close. If you want to do investment banking, then join a role in investment banking. Why bother taking a detour when you know what you want to do in the first place?
Corporate / commercial banking isnowheresimilar to what you'll be doing inIB. You might work with investment bankers occasionally, but you're going to be doing very different things.
As a general FYI, there's nothing special toJPMspecifically, andDBis still a very strong name in the US. The differences between working at thedifferentBBsare much smaller than you think. If you're truly dead set on working atJPM, then start atDBand it won't be difficult to lateral after a year if you really wanted to.
DBIB
How technical was your final round with DB?
JPMbetter name obviously but in this case I'd go withDBIB.
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