***Official Summer 2012 & Off Cycle Internship Applications***

Received my offer from Goldman Sachs for a place on their Summer Internship in the Technology division. Very, very happy.
Now just need to start thinking about accommodation - anyone have any advice? (I have no experience of London)

well done man! i think hr said they're gonna give a link to a site which provides info on accommodation for interns

How would u translate this email from DB:

"Congratulations, we would like to invite you to the next stage of the selection process for the Deutsche Bank internship 2012. The next step will consist of a telephone interview with a member of our recruitment team. This interview should take no more than 20 minutes and will involve gathering more information from your CV and a series of questions around essential competencies.

Please email [email protected] with your availability and we will contact you shortly. "

Does this mean email you your availablity and we will cold call you during these times

Or

Email your availability and we will email you back with an phone interview date/time


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it means its up to you to schedule the interview, like say im free monday afternoon so would 1pm be a good time? I would probably schedule it for some time in the next week. First round are usually just comps for DB to check you arent a complete psycho and literally just go through your CV

it means its up to you to schedule the interview, like say im free monday afternoon so would 1pm be a good time? I would probably schedule it for some time in the next week. First round are usually just comps for DB to check you arent a complete psycho and literally just go through your CV

DB Corporate Finance vs Moelis (generalist - M&A/restructuring) I desperately need your help guys, need to decide today!

DB Corporate Finance vs Moelis (generalist - M&A/restructuring) I desperately need your help guys, need to decide today!

Well done on your offers. My take on the pros and cons, for what it's worth:

DB

Pros: BB structures, training, brand name (should you want to jump to buyside or out of finance), dealflow and cemented presence in Europe

Cons: Outlook for BB business model + compensation + hiring plans, uncertainty of which group you'll be placed in, large analyst classes?

Moelis

Pros: Ambitious growth plans, leaner deal teams, certainty of learning M&A and restructuring skills (if that appeals), compensation

Cons: Overly ambitious growth/hiring plans? Not a huge Euro player yet, smaller deals in general (albeit with a few huge mandates), uncertainty of where they'll be a few years down the line, lack of brand recognition outside of finance

Comes down to personal fit I reckon. Do you want to take a bit of a gamble on a growing firm or do you want the safety of a BB experience that will help if you decide banking's not for you? I chose boutique but each to his own. Hope this helps in any way.

Thank you, this is very helpful what were your choices?

Perella Weinberg vs BB (not GS/MS/JPM). Some would agree, some wouldn't. I'm pretty comfortable with my choice though. Anyway, good luck, I'm sure both would be great experiences. Maybe try find out some data on their respective FT conversion rates?

It might be difficult to find events and insights now because they are normally held in October / November. However there's an event search engine for most IBs and they advertise them on their application website, I.e. JPM is here

http://careers.jpmorgan.com/student/jpmorgan/careers/europe/apply

Under 'Learn More' is their events calendar. Anyways are you first year? Spring weeks possibly?

Claredale house is where it's at.

Going to events is quite pointless. There are like 50 people round 1 guy and loads of chinese students asking employees, whom seem quite p*ssed off that they didn't get to go home early, for their buisiness cards. On top of that horrible food (well at the randolph) is carried round on round plates by mere mortals whom only have 5 gcse's between all 4 of them

What I am saying is rather than the presentations go to the dinners and get the BB's to fatten you up!

Well done on your offers. My take on the pros and cons, for what it's worth:

DB

Pros: BB structures, training, brand name (should you want to jump to buyside or out of finance), dealflow and cemented presence in Europe

Cons: Outlook for BB business model + compensation + hiring plans, uncertainty of which group you'll be placed in, large analyst classes?

Moelis

Pros: Ambitious growth plans, leaner deal teams, certainty of learning M&A and restructuring skills (if that appeals), compensation

Cons: Overly ambitious growth/hiring plans? Not a huge Euro player yet, smaller deals in general (albeit with a few huge mandates), uncertainty of where they'll be a few years down the line, lack of brand recognition outside of finance

Comes down to personal fit I reckon. Do you want to take a bit of a gamble on a growing firm or do you want the safety of a BB experience that will help if you decide banking's not for you? I chose boutique but each to his own. Hope this helps in any way.

You maintain a good point but events do have have a lot of benefits and their are far more of them than dinners so its best to go to both. Also you take a very poor attitude towards waiters, I worked part time as a waiter at such events whilst studying and enjoyed it don't dismiss positions you see as beneath yourself.