3 days of insight into the bank, finding out about the company's values, culture and opportunities. An experience to meet like minded individuals and work on various team projects together. A good opportunity to strengthen interpersonal skills as well as knowledge of the bank. Get to hear from a range of employees from analysts to managers. The experience is mostly listening to speakers but there is also very engaging, with opportunities to get involved.
One week training and two rotations lasting 4 weeks each, alongside HR organised events. The training consisted of learning about different business areas of the bank. Daily tasks are dependent on your rotation. Tasks in credit structuring ABS and direct lending include: writing morning meetings, creating presentation slides for internal use, creating summaries on term sheets, presenting financing solutions, analysing business models, creating excel models - eg. waterfall model, DCF, LBOs, learning about regulation and finance metrics. Expected to network throughout our time in the bank. HR final presentation to a panel of seniors.
I worked closely with analysts and associates on my team on materials for pitches and live transactions. This involved compiling financial data, creating charts, making changes to slides based on comments, etc. I was staffed on live deals and had opportunities to listen in on client meetings, where my responsibility would be to take notes. I also helped out with any ad-hoc tasks that the team happened to need help with, such as market research for a project.
On a day to day basis one has to research specific areas of a firm or industry, ready for a pitch. Further, one has to edit powerpoints and present the information researched in an appealing way to clients. Moreover, data collecting is a key part of the role, to lay the foundations necessary to build up a model for a specific firm. An independent intern project is also undertaken which forms part of the overall assessment.
On my first desk I was looking at cashflow models and analysing creditworthiness of certain subsovereign entities, and on on the second desk I was reading through mathematics research papers and implementing / developing an an outlier detection model in python. You are also expected to network with other desks frequently, and create a final internship presentation from a choice of questions.
On my first rotation, I assisted the desk analysts to analyze the credit quality of distressed issuers through conducting fundamental credit analysis and recovery analysis. The second rotation included idea generation across a spectrum of credit products. Day-to-day tasks include using micorsoft excel and networking with seniors in the bank to gain a more comprehensive insight into what Deutsche Bank has to offer.
Worked in the Technology division and worked with Java Spring/PuTTY/Oracle SQL Developer to update and test different adapters. Worked with a migration team to facilitate the migration from a legacy system to an in-house application, and generated 20+ data reports. Continued to test+maintain+update these reports post-development. Worked in a group project using AI/ML techniques to model certain outcomes in different situations.
I was placed in a software development team and my day-to-day tasks involved working on small development tasks as part of the projects the team was working on. The team met regularly and had daily standups so everyone had an idea of what they would be working on and what their progress had been. As an intern I had the opportunity to be part of multiple pair programming sessions which were very insightful!
We recieved frequent training and seminars from the DB team and had plenty of opportunities to ask questions and learn more about the job/industry. Joining a team in the TDI division, working with them on their existing projects. We had daily scrum meetings, my team used React.js and I had to work on adding functionalities to their projects. Also doing an intern team project on COVID-19 - using data science to analyse the effects of COVID-19 on the American economy.
I would create and provide announcement materials for IPOs and SPACs. I would compile weekly market updates that would be sent out to clients. I worked in origination as well, spending a lot of time on RFPs, relevant discussions, and attending client meetings.
As part of the three day insight, we had talks from department heads, associates and analysts about their own roles and responsibilities in the bank. As well as this, we learnt a lot about Deutsche Bank itself, as a firm; including why it would be a nice place to work in the future. Best of all, we got to experience completing tasks which might be given to us at a mock assessment centre.
Each Day is different. The focus of the spring week is to give you an insight into how Deutche bank works and how they incorporate technology into banking. You had the chance to speak with new grads, MD and other employees aswell as getting hands on with some of the new technology