What does it take to get into a top European investment bank in London this year? Do the new graduate recruits differ from those being hired by U.S. investment banks? We've profiled some of the more impressive recruits from the class of 2016 at Deutsche Bank. This is what you're up against.
Joshua has the formidable double of a 1st class degree from University College London (UCL), where he was a member of the finance society, and a Masters in Finance from HEC Paris. Relatively speaking, these days at least, he has few internships – spending the summer at Nomura in 2014 and then within Deutsche’s global markets division last year. The all-important extra-curricular activities? DJing in some top London nightclubs.
With so many economics and finance graduates going into investment banks this year, Habib’s Masters of Chemical Engineering degree is relatively unusual. He studied at Imperial College London – a happy hunting ground for City investment banks – and interned at Deutsche Bank in summer 2015. However, he also has experience in PwC’s advisory team and within a petrochemicals company, demonstrating that rounded experience helps you stand out from the crowd.
Alexander has a first class degree in Economics from UCL, but also has multiple internships under his belt and – importantly, it seems – acted as a campus ambassador for RBC Capital markets during his second year at university. He’s interned at Deutsche twice – firstly in its Jersey office supporting the risk management division, and then within the TMT investment banking team last year, which led to the eventual offer. He also interned at EY and Standard Chartered.
Haroon is interesting in that he’s one of the new band of front office recruits within Deutsche’s nearshore office in Birmingham. He studied at the University of Birmingham, a college Deutsche has targeted in the past, and graduated with a second class degree in Mathematical Economics and Statistics. He interned within Deutsche’s FX structuring and capital structure advisory across two rotations.
Sam is an example of how early those with their sights set on an investment banking job are starting – he had two stints in banking, at BNP Paribas and Kleinwort Benson, when he was still in secondary school. However, he had two formal internships – one at Spread betting firm Spreadex in 2014 and last summer in Deutsche’s global markets business, which he converted into a full-time role. He has a 1st class Economics degree from London School of Economics (LSE).
Himanshu is another graduate from LSE, with a degree in accounting and finance, but shows the benefits of interning across a wide range of sectors. In the summer of 2015, he interned in HSBC's financial sponsors group, and is one of the select band of new recruits who didn't spend last year at Deutsche. However, he has also interned at Accenture and a macro hedge fund manager. On top of this, he's developed an Android app to help primary school pupils learn and spent a year in Vienna as a promoter for a marketing agency.
Farhad has a degree from the KTH Royal Institute of Technology, but has spent a great deal of time during his studies interning at both investment banks and private equity firms in London and Sweden. He spent seven months, from January to July, as a part-time investment analyst at IK Investment Partners in Stockholm this year after a summer internship in Deutsche Bank’s global industrials group in 2015, during which he secured a full-time offer. He also has internships at Morgan Stanley and ABG Sundal Collier in Sweden under his belt.
David is unusual in that he didn’t intern at Deutsche Bank before securing a full time offer. And, where most new analysts studied Economics or Finance, he has a Bachelors degree in Chemical Engineering from UCL and a Masters from Purdue University. David does have an internship at Goldman Sachs in London, however.
Mickael is now working in London, but as a graduate with a Masters in Finance from EDHEC Business School, has spent much of his time interning in Paris. Off-cycle internships in Credit Suisse’s M&A team, Natixis’ fixed income division and the debt capital markets functions of Deutsche Bank over the past three years add up to a hefty 21 months’ experience before he even started.
Clémentine has a Masters in Management from the Ecole De Management de Lyon, with a focus on corporate finance and other financial services subjects. She also attained a Masters in Banking and Finance from the University of St Gallen in Switzerland. This is coupled with experience as an investment analyst at consultant Prius Partners and at PwC, where she was a junior financial auditor. However, last summer was spent in Deutsche’s TMT team in London, which she converted into a full-time offer.
Rashmi didn’t intern at Deutsche Bank, but still racked up a number of internships across a variety of sectors. He spent two months Abraaj Group working in private equity late last year, and four months last summer working in both research and investment banking at Sri Lanka investment firm John Keells in London. He has three degrees – a bachelors and a Masters in Physical Chemistry from UCL as well as, latterly, a Masters in Accounting and Finance from Imperial College London.
Again, Laura didn’t spend a summer at Deutsche Bank before joining full-time this year, but has acquired a decent amount of experience in off-cycle internships at BNP Paribas in both London and Paris, working in leveraged finance and project finance at the French bank. She has a Masters in Finance, with a major in investment banking and corporate finance, from ESCP Europe.