[jedpea]

(Original post by Bloodbath)
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!

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.

[Zweihander]

(Original post by averagej)
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.

The "BB Business model" is not a con. DB will not be going anywhere the likes of RBS & UBS in the next 5 years as it is a much stronger bank than either of those, and in both cases very little change has occurred within their investment banking divisions. DB Corporate Finance is only going from strength to strength.

Compensation at DB is very competitive and tends to be near top of the street yea on year. I would imagine comp at Moelis is fairly similar. Also, headcount in Corporate Finance is very stable year on year. I don't know anything about Moelis' growth plans, but having only done 4 deals in Europe since the start of 2011, I highly doubt their hiring plans are as ambitious as you make out.

Also I think only being able to do M&A/RX is a actually a con. Moelis is very small in London and only really does M&A, whereas at DB even if you intern in a group you don't like you have the choice of over 20 groups in CorpFin to start your grad role in. The large analyst class is also a positive because it means you'll have a bigger and better social network at work than if you were to work at a boutique. Bigger firm also means more contacts and that can be useful down the line as your career progresses.

Saying Moelis is "Not a huge Euro player yet" is an overstatement - in London it's just a drop in the pond. And its mandates are not that big (average deal value for 2011 at Moelis London was £600m, whereas at DB it was £1.34 bln). Also consider that on big deals Moelis will probably only be brought in as co-manager, as it doesn't even have near the capabilities of the big banks. I am not saying Moels is not a good place to work, I am just saying that your evaluation of the two banks is not accurate.

[Bloodbath]

(Original post by jedpea)
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.

It was a joke LOL

[jedpea]

(Original post by Bloodbath)
It was a joke LOL

I know but do you not think us banker types are fighting enough stereotypes already.

[McKenz]

Hey guys,
Do Deutsche reject straight after few days of the Numerical Test or take some more time? I have done the test quite long while ago, no signs so far.

Thanks.

[EternalBudhist]

(Original post by jedpea)
I know but do you not think us banker types are fighting enough stereotypes already.

So? bankers will always be the way they are and things will never change. If they hate then let them hate and watch the money pile up

[steviewonders]

(Original post by Undergrad2k11)
did u get an email from commerzbank?

Yeah an email

[bulletproof]

Has anyone here had experiences in reneging an offer? What are the steps you'd take, contact first the HR where you signed the offer?

[ToxicFrog]

Was anyone at today's MS AC?

[stevenjohnh]

(Original post by Zweihander)
The "BB Business model" is not a con. DB will not be going anywhere the likes of RBS & UBS in the next 5 years as it is a much stronger bank than either of those, and in both cases very little change has occurred within their investment banking divisions. DB Corporate Finance is only going from strength to strength.

Compensation at DB is very competitive and tends to be near top of the street yea on year. I would imagine comp at Moelis is fairly similar. Also, headcount in Corporate Finance is very stable year on year. I don't know anything about Moelis' growth plans, but having only done 4 deals in Europe since the start of 2011, I highly doubt their hiring plans are as ambitious as you make out.

Also I think only being able to do M&A/RX is a actually a con. Moelis is very small in London and only really does M&A, whereas at DB even if you intern in a group you don't like you have the choice of over 20 groups in CorpFin to start your grad role in. The large analyst class is also a positive because it means you'll have a bigger and better social network at work than if you were to work at a boutique. Bigger firm also means more contacts and that can be useful down the line as your career progresses.

Saying Moelis is "Not a huge Euro player yet" is an overstatement - in London it's just a drop in the pond. And its mandates are not that big (average deal value for 2011 at Moelis London was £600m, whereas at DB it was £1.34 bln). Also consider that on big deals Moelis will probably only be brought in as co-manager, as it doesn't even have near the capabilities of the big banks. I am not saying Moels is not a good place to work, I am just saying that your evaluation of the two banks is not accurate.

Good shout. Interning and starting your career at a BB is vastly superior to at a mid cap/boutique. A lot easier to go BB->Boutique than Boutique->BB.

(Original post by jedpea)
Its all about having your bank sort it for you!

Jed

Hahah Hi Jed. You get sorted in the end? Where you for?

[grad2014]

As a first year student who has a spring week coming up with cs. Can anyone give any advice on what I could be doing to really make my application for next year summer internships count? posting in this thread because im hoping that people who have just been accepted/rejected for internships will be able to give advice on what they did or wished they had done. any information would be much appreciated (post or pm) thanks!

[steviewonders]

(Original post by ToxicFrog)
Was anyone at today's MS AC?

Were you? If so how did it go? I'm still waiting on an invite.

[Raditz]

(Original post by clamped)
That would be useful. Also a Facebook group would be nice.

There is a group search Goldman Sachs Summer Analyst Class of 2012!

Which division you in mate?

R

[clamped]

(Original post by Raditz)
There is a group search Goldman Sachs Summer Analyst Class of 2012!

Which division you in mate?

R

That's really strange. I hadn't seen it before but as soon as I searched Facebook today it came up immediately! I'm in Technology but don't know any more details yet.

[Raditz]

(Original post by grad2014)
As a first year student who has a spring week coming up with cs. Can anyone give any advice on what I could be doing to really make my application for next year summer internships count? posting in this thread because im hoping that people who have just been accepted/rejected for internships will be able to give advice on what they did or wished they had done. any information would be much appreciated (post or pm) thanks!

Just do as many spring weeks as possible and obviously try to convert your no.1 choice into a summer internship (if after your spring week you were not given a summer internship some banks will blacklist you and not consider any more applications from you for that division).

What division you interested in?

R

[i_hate_teeth]

(Original post by Raditz)
Just do as many spring weeks as possible and obviously try to convert your no.1 choice into a summer internship (if after your spring week you were not given a summer internship some banks will blacklist you and not consider any more applications from you for that division).

What division you interested in?

R

Which banks?

[sasasa]

has anyone that was at the DB AC on friday heard back from them?

[Zweihander]

(Original post by Raditz)
Just do as many spring weeks as possible and obviously try to convert your no.1 choice into a summer internship (if after your spring week you were not given a summer internship some banks will blacklist you and not consider any more applications from you for that division).

What division you interested in?

R

That's not true. Spring weeks happen in Easter. Summer apps open in Autumn, banks understand that a candidate can become stronger in that time, and have seen frequent cases of people failing to convert their spring week and then getting a summer offer at the same bank come autumn.

[Raditz]

(Original post by Zweihander)
That's not true. Spring weeks happen in Easter. Summer apps open in Autumn, banks understand that a candidate can become stronger in that time, and have seen frequent cases of people failing to convert their spring week and then getting a summer offer at the same bank come autumn.

I said 'some banks' because i know its true for at least one: JPM- heard this from a recruiter there. but tbf unless they have an automated system if you're good enough on paper and impress at interview you'll probably get in.

[jedpea]

(Original post by sasasa)
has anyone that was at the DB AC on friday heard back from them?

They rang me back on friday to give me an offer which I was very impressed with.