Deutsche Bank Investment Banking Job

Deutsche Bank Investment Banking Job – Frankfurt am Main – According to a press report, Deutsche Bank is reacting to a weak outlook in investment banking. Two CEOs, Anshu Jain and Jürgen Fitschen, wanted to cut 1,000 jobs well in the coming weeks, reported Handelsblatt (Thursday), citing financial groups. Since the fall, the institute has cut 500 jobs in a division that has long been referred to as a money printing machine under its predecessor, Josef Ackermann. Deutsche Bank initially declined to comment on the report.

According to the paper, further job cuts are independent of Deutsche Bank’s new strategic direction, which Jain and Fitchen plan to announce in September. It was “a tactical adjustment, not a change of strategy,” the newspaper quoted an unnamed source as saying; The two new bosses announced the change in an inaugural interview with Manager magazine. The reduction is likely to be announced after the second quarter figures are released on July 31.

Deutsche Bank Investment Banking Job

Deutsche Bank Investment Banking Job

Foreign jobs are said to be most affected, with investment bank Deutsche Bank headquartered in London. Jane managed this area until she went to the top of the house.

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With this step, Deutsche Bank will join the international trend. Major banks around the world are cutting tens of thousands of jobs, particularly in investment banking. Profits have not increased as much since the financial crisis. This is also due to strict regulatory requirements, as well as strong fluctuations in the capital markets and the unresolved euro crisis. Although the year was significantly weaker than 2021 for the investment banking landscape, Deutsche Bank’s bonus pool (i.e. variable pay shares) fell by just 8 percent – not bad compared to the 50 percent decline at Credit Suisse. The number of material risk takers (i.e. executives) also increased by a quarter, from 485 to 594.

There is a gap between Deutsche Bank’s huge profit – 5.6 billion euros, 65 percent higher before taxes than a year ago – and its steady bonus pool. The bank cited “currently uncertain economic outlook”, “rational capital planning and long-term capital sustainability” and its “ambitious spending targets”.

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While there has been speculation in the past about how much money will go into Deutsche Bank’s highly successful fixed income traders, the rest of the investment bank has been mixed. Deutsche Bank’s M&A team managed to keep its revenue stable, but the capital markets divisions performed less competitively, at least in terms of revenue – ECM fell 81 percent, DCM fell 74 percent compared to 2021.

Directors and MDs in some departments, including investment banking, are required to defer 100 percent of bonuses above 500,000 euros ($532,000). Foolish for anyone who wants cash bonuses like those paid at Credit Suisse.

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The overall salary increase at Deutsche Bank is not surprising and reflects what is happening at many banks, including Credit Suisse. The increase in staff at the investment bank is no surprise either – as part of the austerity measures that began in 2019, Deutsche Bank has cut back to the point where it can now hire staff while other banks are reducing the -jobs.

Deutsche Bank’s Material Risk Takers (MRTs) received an average remuneration of 1.6 million euros, which is less than last year (1.8 million euros), but not surprising. What is surprising, however, is that average fixed compensation (salary) for MRTs fell by 17 percent, especially as fixed salaries at Barclays and Standard Chartered increased.

MRTs are key bank employees who “significantly influence the company’s risk profile,” meaning they either oversee a specific department or earn very well (or both). The term is widely used in European banks such as Barclays and HSBC and generally refers to top traders, bankers and senior operational staff.

Deutsche Bank Investment Banking Job

More people earned a salary of more than a million euros at Deutsche Bank in 2021. However, the news was not all good. Most of those earning more than $1 million are at the lower end of the pay scale. Deutsche Bank paid 1.5 million euros less in 2022 than in the previous four years. Good luck with Top Loan Dealers.

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Be careful if you leave a comment at the bottom of this article: all our comments are moderated by people. Sometimes these people may be sleeping or away from their desks, so it may take some time for your response to appear. Ultimately, unless it’s insulting or defamatory (which it won’t be.) In an interview with Business Insider, June Blake and Felix Scharpenberg, both investment bankers at Deutsche Bank, talk about the their day jobs.

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Even though the clichés in the “Bad Banks” series were “grossly exaggerated,” Scharpenberg believed that the series was “purely technically” realistic.

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All-nighters, 100-hour work weeks and never-ending stress: that’s the reputation of being an investment banker. This common image was reinforced by the reports of the young employees of the American investment bank Goldman Sachs, which were published in the press at the beginning of the year. There was talk of extreme work, the amount of work would be 105 hours a week.

The two who did not leave her were June Blake and Felix Sharpenberg. Both are in their early twenties and have been investment bankers at Deutsche Bank in Frankfurt for over a year.

Both of them have been working in the traditional money house since October 2020. They had a different way of getting here. Blake initially trained as a banker at Deutsche Bank. He then studied Business Administration (BWL) at the Frankfurt School of Finance so he could work internationally. Since the university is closely connected to the financial center, many bankers lectured there. “That’s when I got into investment banking,” says Blake. After several internships in the industry, including at the British bank Barclays, he applied again to Deutsche Bank.

Deutsche Bank Investment Banking Job

“After high school, I didn’t immediately realize that I wanted to go into banking,” says Sharpenberg. This only develops during his bachelor’s degree at the University of Applied Sciences in Münster. “I studied business administration and I really liked finance.” He then completed a master’s degree in this field, this time at the University of Münster. “Deutsche Bank organized my first practical event at the university, a seminar and a lot of time to get to know each other,” recalls the young banker. He would speak directly to him. “A junior banker gave me his business card – that’s how I got my first experience at Deutsche Bank.”

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Scharpenberg works in the structured finance division of Deutsche Bank. There, he develops what he calls “tailored financing solutions” for Deutsche Bank clients. Typically, this is financing for a specific purpose, such as the acquisition of a company.

One of his duties as a junior is to support his team in the analysis of client risks. For this, it is provided with materials such as financial data or annual financial statements and, among other things, audit documents from consultants who have “scrutinized” the financial position or the business model of the company.

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In addition, Sharpenberg examines the credibility of the business plan. “Therefore, we are looking at how the financing should be priced so that, for example, the risk of default for the bank is properly taken into account and at the same time the client is not financially overstretched.” On this basis, he prepares internal application documents used by Deutsche Bank – Colleagues in Credit Risk Management can assess whether the associated risk is acceptable.

Blake works as an analyst in the Debt Capital Markets group advising large companies on capital markets transactions. “If, for example, DAX Group needs financing, we advise it on how to go public.” He and his team advise companies on how to structure their bond offerings to make them more attractive to investors.

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A typical job is to introduce the client to the market environment with Blake’s presentations. This includes competitive analysis, current conditions in the financial markets and other important news that may affect the capital markets.

“You have to be stress-resistant in this job,” says Blake. Often you receive different tasks from different team members and you need to prioritize in order to create structure. Key question: How do I organize myself? “Chaos multiplies the stress level,” says the young banker. Also, many documents and emails are sent directly to the client, so be careful here. “Of course, mistakes can always happen. But the goal should still be to remain error-free,” says Blake.

When we talked about the most important topic, working hours, we received very diplomatic answers. “I can’t say when the party ended,” says Blake. When he leaves always depends on the project. “Sometimes it takes longer, but I leave early too if it’s convenient.” What does “long” mean? There was no response to this.

Deutsche Bank Investment Banking Job

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