Pretty high offer rates, although London. Land More Interviews | Detailed Bullet Edits | Proven Process, Land More Offers | 1,000+ Mentors | Global Team, Map Your Path | 1,000+ Mentors | Global Team, For Employers | Flat Fee or Commission Available, Build Your CV | Earn Free Courses | Join the WSO Team | Remote/Flex. Molestiae eum quo non et amet corrupti rerum. Exit Opps Log in or register to post comments 1 Comments ( PE Rank: The Pro 23,866 Oct 11, 2009 - 11:15pm Depends what group you're in numb nuts. Personally, if I were you, I would try to get another offer so that at least you have one more option to consider. Ipsa rem aliquid eius iusto temporibus. Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. 10 Perella Weinberg Partners LP 8,814.4 8.45% 4 If I'm starting this summer at a firm with a great Financial Sponsors group, is it wise to be placed in that group with the current state of the markets? Unfourtnately I'm out of PMs for the day. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value) or Unlock with your social account. Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. So LevFin would fine tune the financing package to be more realistic. (Originally Posted: 10/31/2010). the best groups at DB are LevFin and Sponsors. From my past experience, sponsors did the modeling with boilerplate financing assumptions based on their understand of the company, industry and market and then pulled LevFin in for views on financing. --- What is the GENERAL quality of work whilst working in a Sponsors group? Aut ut dolore soluta sunt aut et explicabo distinctio. Yes DB is still a BB, there's really no other way to categorize the bank. Super unfulfilling and feels like a nuisance, even through I appreciate the importance of risk management. But also maybe not a good representation of what their FT experience will be haha. This means that you covers companies of certain sector versus product coverage. DB is a debt shop and their only real product strength in IB is lev fin. Deal flow is not great according to people I know working there - people generally leave the office very early due to lack of work. Voluptatem rerum voluptatem omnis nemo aut iure. Zalley, I dont think you need to be worrying about exit ops, you'll be lucky if you can keep the gig you somehow got. diana. ms' pe arm competes more heavily with sponsors than merrill or cs does. also consider if the bank has fin sponsors and lev fin as one group or separated. Sed eos ex et quisquam in maxime aut. However, if there is a separate LevFin group, what does FSG do exactly? Ut quia quia dolorem voluptatibus quaerat omnis repellendus. can't speak for other bb's. Could you speak about some of the groups at DB that you are more familiar with in terms of their culture? Therefore that is why you see a lot of lev fin/sponsor coverage groups together. Magni quasi at aperiam non consectetur nihil porro. Could you either PM me or answer these questions for others to see in the future for help? You should talk about the "client set" that you would like to work with. 9 Lazard 9,544.1 9.15% 16 With a new presidency and an impending doom like sense of a upcoming market cycle, is a group like Sponsors a questionable place to begin my banking career - or is that a ridiculous thing to consider and should I lay off the Zero Hedge? Deutsche Bank moved to gut its global ambitions as a trading powerhouse, cutting 18,000 jobs and retreating to its German banking roots in a radical overhaul to try to save itself after years of . 2005-2023 Wall Street Oasis. This has been discussed somewhere here. 2 Goldman Sachs & Co. 33,075.1 31.72% 35 Also, if the groups are comlpletely seperate, LefFin become execution only and you will have limited relationship/interatcion with PE firms. 1 0 . Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. or Want to Sign up with your social account? Natus voluptatibus consectetur dolorum non odit delectus aperiam voluptas. Financial Sponsors - Bank with best group on the street? Its still a coverage group, but the set of companies you cover are private equity shops. 2021 INVESTMENT BANKING PRESTIGE RANKINGS - OFFICIAL. Omnis et consequuntur ducimus eaque. Rank Financial Advisor Transaction Value % of Total Number of Deals Heard from a friend. Dicta quasi velit incidunt occaecati. Most of the people you hear from who joke/rip on DB have either never worked for them or got rejected and are bitter. I realize I didn't answer all your questions, but I hit on the points I found to be important. Aut et vel in sint et nihil. At GS, I would argue go industry group over FSG or Lev Fin. As long as your place has over $1Bn in assets you should be fine. Particularly interested in color pertaining to GS, JPM, BAML, and MS. --- A little about me - I am interested in working with PE firms, and potentially trying to work in PE. Best guess would be not to take JPMorgan's top banks analyst too lightly. How could you have any idea that it is "definitely a great place to work". Autem ut ullam deserunt voluptatem excepturi. - Thanks.). Nesciunt necessitatibus tenetur repellat et velit. This is just inaccurate. In summary, I would go work in Sponsors. 101 Investment Banking Interview Questions, Certified Investment Banking Professional - Director. Compensation in London is very low (so this might also be the case for the US but I'm not sure). Sorry, you need to login or sign up in order to vote. Thanks in advance for any info. All Rights Reserved. Is this still a good group? No problem. Commercial banking at a credit union exit opps (Originally Posted: 04/07/2018). In the fintech/startup space, she could look into peer-to-peer lending. If you have a Savings account with bank and interested to know how to it then following are the steps will have to follow: (1) Fill up the Account Closure Form of Deutsche Bank Account. At the end of the day, relying on firsthand experience like this will help you as much or more than polling people in WSO. I am trying to come up with an answer to "Why Sponsors" if I get asked in an upcoming interview. LevFin and Sponsors (Originally Posted: 08/01/2010). Tenetur nobis laudantium fuga et sint. Accusamus illum dolores fugit corrupti. Ad omnis fugiat quo eligendi quae rerum vel eum. I would love to learn more about their SA program if you don't mind if I ask a couple more questions. Those with modelling experience mostly exit to PE and sometimes to distressed funds. UBS > DB. I am self-employed and don't have pay stubs. Probably 7 times out of 10, FSG is where you want to be, though. I was fortunate enough to network my ass off to get a couple MDs (non-alumni, no prior connections) to really pull for me at Deutsche, so definitely feeling fortunate for the offer. Wouldn't know to comment on exits in US. Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. Sunt blanditiis tempora eligendi maxime ut eaque. What would be the 3 banks out of 10 where LevFin is more desirable than FSG? Sorry, you need to login or sign up in order to vote. it's the reality of the recruiting game and I get why they do itbut it's really not fair. I'm just talking purely in the sense of what kind of experience to expect, what kind of contacts you'll make and what opportunities are possible. Leave work early? Velit itaque velit soluta harum recusandae ut. Zalley's been talking shit ever since he accepted his DB offer. 13 RBC Capital Markets 7,167.0 6.87% 11 Maiores labore tempora distinctio ut laudantium inventore rerum earum. The ones who shit on random banks are always the ones with "incoming" in their name loll, Not incoming anymore and still feel the same way. Haha well said Marcus. Voluptatem ex tempora nisi perspiciatis impedit quae rem. Tempore rerum molestias est. You should always cast a wide net and never think that you're too good for a bank. Laboriosam ipsum minus accusamus et excepturi doloribus. There really isn't a whole lot of discussion on this board about Financial Sponsors. Any thoughts or recommendations for how I can make this move? Best Response. 2005-2023 Wall Street Oasis. How can I prove my income? Don't obsess over exit opps and all that other stuff. 6 Deutsche Bank 2,529,999,999 9 5.6% So, you should persuade them you do nOT want to join PE later on (whether or not it is indeed your intention, does not matter). One, working directly with PE firms hedge funds and portfolio companies. Reply. I just wanted to know what potential exit opps I could jump to within a year or 2 (hopefully my CFA exams would be done by then). bump, any thoughts on current status of lev fin and sponsors grops? Est ipsa blanditiis at et sunt. Love to see the DCA employee throwing monkey shit at the people being realistic about DCA to the person who asked for honest insights, I mean this is every thread for [insert bank name]. Eveniet quidem velit at voluptatibus minus saepe. I would assume that the lbo model is built by the buy side client so what is the contribution of the Sponsors group to the transaction? you should make the thread title more clear if you want feedback .. i thought this thread was about weed. Sit odit et officiis cupiditate. Dignissimos ratione sed sit corporis. It's about that time of the year to get the rankings going. I would also like to add on I've heard of people interning at DB and because of budget cuts no return offers or very few of them are given. Do you think it would be harder to come back full-time in that group compared to others groups? Where the FSG team adds value is the relationship with the sponsor and the knowledge of the specific transaction between acquirer and target. Positives: i hear cs fin sponsors was the top sponsor group to be on the street until people began to leave (getting fired or voluntarily). (1) Accept DB offer ms has relatively strong presence in real estate investments compared to the other two - an industry that seems to have gotten the attention of bx recently. and product bankers would be more focused on Excel-related tasks - but that varies by the deal, the availability of analysts, and so on. At my Bank we have the "LDCMA" guys and we call them quants. @buylmt" yes, it is possible to move from NY to Europe and vice versa. Long time reader and first time poster here. There is minimal, if any, client interaction. Have seen virtually no exits to PE but maybe some to corporate. In general, or are you talking about a particular bank? (2) Interview with other banks Sponsors is coverage, PE, buyside, LBOs. Ipsam perferendis sunt quisquam aut ullam. GE's so high because they just do a ton of really, really small deals, usually not even as lead. I am sure there is a lot of LBO/DCF modeling. Thanks in advance. 12 Apr 2023 . Atque qui facilis dolores nisi. 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