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    For example does pay vary alot for people who work in say Equity capital markets and M&A. Which parts get the most generally or does it entirely depend on what the bank was strong on that year.
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    (Original post by TomTeeTom)
    For example does pay vary alot for people who work in say Equity capital markets and M&A. Which parts get the most generally or does it entirely depend on what the bank was strong on that year.
    Best paid division = division you perform the best in = division you are most interested in => stop worrying about what the pay differences are as you are still in your first year of uni and start worrying about which division suits your skills and interests the most.
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    Right now? No. Everyone gets paid nothing
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    (Original post by uthinkilltellu)
    Right now? No. Everyone gets paid nothing
    Your inbox is full. nudge nudge hint hint. Thanks
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    (Original post by uthinkilltellu)
    Right now? No. Everyone gets paid nothing
    Many banks have been turning profits in the last 2 quaters so ....
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    It depends on the transactions your group completes. This year, senior ECM bankers will earn more by far. At analyst level, it doesn't really matter what group you are in, you get graded and then all analysts accross the groups get paid according to the same scale.

    By the way, the majority of people in IBD don't work in M&A, ECM or DCM, most work in sector/industry coverage teams.
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    The transactions you work on does affect your grading which in turn affects your bonus. So if you were working in a team where you were involved in many transactions yielding $30mm net IB fees, this will be reflective in your review. And if you didnt fak up, you will likely get a good review (and thus better rank and bonus) compared to someone who only pitched throughout the year (i.e. working in an underperforming team/division). So at the end of the day it does matter which team you work in. I know people who are good analysts in London, worked all year with no transaction experience (been pitching all out) but yet I got a better bonus than them.
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    (Original post by TomTeeTom)
    Many banks have been turning profits in the last 2 quaters so ....
    Trading profits and accounting. M&A revenues and volumes are dire.
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    Thanks for teh few good replies guys. But during my internship at DB i have realised i want to go into trading rather than IBD. Thanks
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    Define your "internship".
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    (Original post by uthinkilltellu)
    Define your "internship".
    DB "I have a dream programme".. So not too bad at all for pre-uni
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    (Original post by uthinkilltellu)
    Define your "internship".
    Its the 'I have a dream program as mentioned by Haz'. Before i went onto it i was split between IBD and trading but now i don't think IBD is for me. It's too boring and I think the trading environment will suit my personality alot more. Anddddddddddd i dont want to work 18 hours a day infront of excel.
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    (Original post by Prince of Zamunda)
    How long is it? And what do you guys do during the day?

    Good choice.
    We've had some training and netwrorking events some excel stuff. shadowing. General intern stuff but obv not as much as the undergrads. It's 4 weeks long. Its a good experience but the dream is GS

    However for now I am leaving this forum. I will return in approximately 2 months to start my spring week apps. I know if i start doing them too early I will be one of those people emailing human resources every other day. Just gonna do some CV building from now till October ( October is a good time to start applying right :o: )
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    (Original post by Prince of Zamunda)
    Cool, good luck. The DB programme, as well as the Rothschild gap year programme seem to be good feeders for the GS spring programmes.
    The Rothschild gap programme is a waste of time, it is glorified temping, you would be far better served on the DB one or accenture/prof services.
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    (Original post by scrubsnamesake)
    The Rothschild gap programme is a waste of time, it is glorified temping, you would be far better served on the DB one or accenture/prof services.
    Much like their summer internship then, eh?


    (joke)
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    (Original post by uthinkilltellu)
    Much like their summer internship then, eh?


    (joke)

    Haha true, I hear they finish before midnight on fridays, ******* slackers.
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    (Original post by scrubsnamesake)
    Haha true, I hear they finish before midnight on fridays, ******* slackers.
    WHAT???!!! But the most exciting time is after 12. That's when you start getting really desparate to finish your work.
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    ugly ibd hours
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    the weak and the feeble, tomteetom. the weak and the feeble.
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    (Original post by uthinkilltellu)
    the weak and the feeble, tomteetom. the weak and the feeble.
    TBH ibd is not me it's too boring. not fast paced.
 
 
 
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