I applied through a recruiter and the process took 3 days - interviewed at Deutsche Bank in November 2013.
Interview Details – No problem, very insightful and thorough
Interview Question – No difficult questions View Answer
I applied through college or university and the process took 4+ weeks - interviewed at Deutsche Bank in November 2013.
Interview Details – Hiring for investment banking associates is done mostly at the top MBA programs. Our class is composed of alumni from Wharton, HBS, Booth, Columbia, MIT, and other top 10 programs. Focus on fit since DB has a strong culture of diversity and passion to pursue perfection in our work. Prepare your answers in advance since the questions are the typical IB interview questions.
Interview Question – Why did you get such a low GMAT? (I have 720) View Answer
Negotiation Details – Offered and accepted on the spot!
I applied through college or university - interviewed at Deutsche Bank in October 2013.
Interview Details – Applied to program in November of sophomore year, heard back in early February and was invited to the first/final round interview at their NY office. They flew me up and it was only 20 minutes. It was a 2:1 interview, with one MD from banking, one MD from Sales. Mostly behavioral questions about team work, leadership and such. One market related question about US and European economy, and your typical why DB, why this program, why finance questions. They did ask about my past experience in finance, but for me that's very limited, which didn't seem to be an issue. Curiosity was the main thing, and that I'd done some research on my end to back up why I was interested in the program.
Interview Question – Tell us something that's not on your resume Answer Question
Negotiation Details – It was an internship - no negotiation.
I applied through a staffing agency and the process took 1 week - interviewed at Deutsche Bank in September 2013.
Interview Details – done quickly and professionally. They did not keep you waiting on their decision.
Interview Question – If you had one year to do anything you wanted to do, any place or anywhere, your finances or financial responsibilities not being an object. What would you do? Answer Question
Negotiation Details – very simple, as range was set up front, and
I applied through college or university and the process took 2 days - interviewed at Deutsche Bank in July 2013.
Interview Details –
* Initial meeting was on campus as part of job fair. Some minor technical questions but mostly a get-to-know you. Was a bit intense just because of the small interview rooms and the number of people waiting, but fine.
* Second interview at DB's Wall St. office. Heard from non-NYC people that the second meeting with video-chat on campus and/or in-person meeting with rep off campus. Two interviewers - one was a technical lead, the other more management. Explain past projects, relevant work experience, what you bring to the table, etc. Obviously a professional interview, but not as intense as you'd expect.
Interview Question – Describe a circumstance in which you discovered an inefficiency with a system and how you remedied it. View Answer
Negotiation Details – None. Summer internship and then offered permanent position. Declined that, but only because of pressing financial need. Would have accepted in different circumstances.
I applied through a recruiter and the process took a day - interviewed at Deutsche Bank in June 2013.
Interview Details –
interview set up thru recruiter who had placed several people on the team.
2 interviews - 1 with team leader, and the other with 2 team members.
urine test upon offer being given.
Interview Question – what are your weaknessess / strengths? Answer Question
Negotiation Details – none...salary of 35,000 was accepted.
I applied through a recruiter and the process took 3 weeks - interviewed at Deutsche Bank in June 2013.
Interview Details –
Interview was set up via a recruiter. I also know someone at DB who said this was a great role. First had a phone interview w/ HR staffer. Went well. Was then invited to the 60 Wall St office and met w/ the department and had 4 individual interviews on first visit. Was invited back for second/final round (on a Wed) and met w/ 3 more including the dept head who was working b/w NY & London. All the interviews went great. Everyone was very pleasant and upfront about what the role involved. On Thursday I get a call from my recruiter saying DB wants to hire me! Great news. Am I willing to do temp to perm? This was never brought up earlier (this was always a day 1 perm placement position). I agree to it but short term - i.e. 90 days. DB agrees. I am asked to come to the office on the following Tuesday (due to Monday presidents day holiday) for drug testing (at a site in NJ) and the orientation in the afternoon. I agree.
I show up on Tuesday promptly on time and everything stops. Security does not have my name on the list. After multiple phone calls, I can't reach any of the 7 people I met w/ last week including the HR rep. By 10 am I'm obviously worried that it will seem I'm so late to first day. I call the recruiter who says to sit tight (I'm still in the lobby!). He calls me back about 30 minutes later. DB has decided to "take a different direction" and not hire me.
They've decided they want all the administration staff on board as long term temps (i.e. endless). This plan is great for them as they never have to provide health benefits, or retirement plan. The recruiter is mortified by this change of events and I'm speechless (while I continue to stand in the lobby at 60 Wall)...
I was very disappointed and horrified at DB's treatment of any new hire. I was asked to join
and showed up. Only now you close the door? Very poor form.
In the long run the DB plan really was to hire very long term temps. Great workers who are on the hook to do a great job while on "probation" w/out health or retirement. Works out great for DB. Recruiter tells me later that DB has changed their process and now temp to perm candidates should expect to be temp for up to and beyond 2 years.
My inside source also confirmed this change - very long term temps as a cost saving method. I'm sorry things worked out this way, I felt like I could have really contributed in a very positive way to the group. However, as a professional adult I need health care and retirement options- I'm willing to wait and prove myself as an employee but not for 2 years. DB would never ask their professional bankers to do this, so why treat admin like second class employees.
I've never heard back from anyone at DB directly.
Interview Question – Nothing unexpected or difficult but many of the questions were process based. How would you proceed forward w/ project work based on X circumstances? Answer Question
Negotiation Details – Only after offering the job did DB say - we'd like this role to be temp to perm... Changes things a bit as they wanted an endless (i.e. no benefits) temp on staff.
I applied through college or university and interviewed at Deutsche Bank.
Interview Details – Submitted my resume through my school's careers site. I was offered an initial phone screen a few weeks after. Some weeks after that the recruiter contacted me to let me know that the feedback was good and they wanted me to have a 2nd round interview with them. That took place in the next couple of days.
Interview Question – Efficiently compute a Fibonacci numbers sequence Answer Question
Very Difficult Interview
I applied through college or university and the process took 2+ weeks - interviewed at Deutsche Bank.
Interview Details – Deutsche had an information session on the university campus about two weeks before their interview date. Good idea to try and mingle with their reps. They ask to apply on their website. The interview was two on one. Very difficult including a technical portion. Thirty minute interview. Ask questions about your résumé, past projects, and group experiences.
Interview Question – Tell me about the God Particle. Answer Question
I applied through college or university and the process took 2+ weeks - interviewed at Deutsche Bank in April 2013.
Interview Details – All three rounds were on campus. After the first rounds, you get a phone call that day and they let you know whether you should show up for the second round the next day. After the final round, if you are their top choice, then they will give you a call within 2-3 days.
Interview Question – I wasn't asked any technical questions. Mostly behavioral, fit questions. You must be likable rather than a genius. But they do ask questions about why you want to work for this bank, why you are interested in this department. Also know the details about the bank overall such as the profits, revenues, one off charges, stock price etc. Answer Question
Negotiation Details – no negotiation
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