Barclays Capital v Deutsche Bank

Poll

Deutsche Bank or Barclays Capital for Finance summer internship?

Hi

I've applied for summer internships and recieved offers from both Barclays Capital and Deutsche Bank for the Finance division.

Having difficulty deciding which to go for - would welcome suggestions!

From what i've found out, Barcap have functions like product control, financial control as part of their Finance division whereas Deutsche Bank have taken these out and put them into a central utility along with Operations so what is left is more valuations stuff, analytics and director roles but I'm a bit vague on further detail.

Ideally, the aim is to enjoy the internship but of course get an offer for the grad programme.

Barcap is 6-7 weeks, DB 9 weeks.

Which company has a better reputation?

Both offers will expire within a few days so please be quick.

Thank you very much

Reply 1

Ludovic_88

5

do not base any element of your decision on a poll conducted on tsr

Reply 2

rvA1xr

OP

Thanks. I'm more interested in the comments that people make than just a vote.

Reply 3

Frenchous

10

Both firms are good. I guess DB has a better reputation but Barcap has been growing exceptionally fast over the past 30 years. Both firms have their own issues. DB has some of the lowest tier one ratios in the industry and will need to raise capital somehow and Barcap will experience ring fencing and the other measures that the Vickers commission will impose on UK's banking system in the years to come.

All of this is completely irrelevant at the summer internship stage though. You should base your decision mainly on conversion rates and reputation (where DB has the upper hand) and marginaly on salary, location, people you met etc.

Reply 4

Moa

13

Apparently Barcap does not care about interns and rarely makes offers after the internship, but that may be only for Tech departament. I would choose DB.

Reply 5

Teenage Pirate

13

Original post by Frenchous

Both firms are good. I guess DB has a better reputation but Barcap has been growing exceptionally fast over the past 30 years.

lol 30

3 is more realistic

fake edit: actually 3 is a pretty good number

Reply 6

I'mSet

2

Go for Barcap because they're not going to be ****ed in a years time.

Reply 7

steviewonders

DB has the best international name, people say "they're doing good things at Barcap". If it was an internship I would go DB for the name on the CV if it was a full-time offer I would go for Barcap b/c they will be right up there with GS, MS and JPM, DB in 5 years. By up there I mean top 3

Reply 8

The Banker

DB will have a tougher time over the next few years than BarCap due to the eurozone crisis. Barcap have grown into a powerhouse DURING the recession. They will soon be one of the big boys on Wall Street. I would go with BarCap but both are excellent firms. Congrats on having a tough dilemma - it's a good dilemma to have in the current climate.

In terms of intern to offer ratios - only trading has a low one. BarCap had something like 20% as did the other banks due to the FICC massacre over the summer and new legislation being implemented making IBs less reliant on trading for revenue (this is more true in US but is spreading over here too, esp with banks that offer retail and corporate services).

Let us know who you choose!

Reply 9

ChevalBlanc

Isn’t the corporate culture a lot more macho, hardcore and competitive at DB? It’s just hearsay, but if true, it might be worth considering.

Reply 10

fargo89

13

Original post by ChevalBlanc

Isn’t the corporate culture a lot more macho, hardcore and competitive at DB? It’s just hearsay, but if true, it might be worth considering.

People I have spoken to at interviews suggested that the culture is very 'european' compared to the big american BBs, so it is interesting that you have heard differently.

I suppose when companies are this large, there is a lot of variation.

Reply 11

Zweihander

3

Original post by fargo89

People I have spoken to at interviews suggested that the culture is very 'european' compared to the big american BBs, so it is interesting that you have heard differently.

I suppose when companies are this large, there is a lot of variation.

Culture depends on your desk. Generally speaking DB is noticeably more laid back than the American banks though.

Reply 12

Hackett

14

Original post by Zweihander

Culture depends on your desk. Generally speaking DB is noticeably more laid back than the American banks though.

Whats the general culture like at BarCap?

Reply 13

Zweihander

3

Original post by The Banker

DB will have a tougher time over the next few years than BarCap due to the eurozone crisis.

Actually DB has already exited most of its propietary positions and reduced it's exposure to the Eurozone by 90%.

Reply 14

The Banker

Original post by Zweihander

Actually DB has already exited most of its propietary positions and reduced it's exposure to the Eurozone by 90%.

As have most banks both European and non-European. However clients may still prefer to choose a non-European bank for certain financial services. That said, the German economy (looking at figures released today) are still powering through despite the European crisis.

Reply 15

student_london

8

Before the Lehman American acquisition, I would have said DB. But after that, it's got to be BarCap.
They're an absolute powerhouse, when it comes to Rates. But too many people on here still think that the top tier is still GS, Morgan, Citi, etc... Hello, anybody home? Where the f*** have you been for the last couple of years?
:confused:

Reply 16

CityTrader

12

Original post by student_london

Before the Lehman American acquisition, I would have said DB. But after that, it's got to be BarCap.
They're an absolute powerhouse, when it comes to Rates. But too many people on here still think that the top tier is still GS, Morgan, Citi, etc... Hello, anybody home? Where the f*** have you been for the last couple of years?
:confused:

I agree with you that BarCap is strong and getting stronger, however DB is a still a very good name.

Barclays Capital v Deutsche Bank

Deutsche Bank or Barclays Capital for Finance summer internship?

Quick Reply

Related discussions

Latest

Trending

Trending

Articles for you