View latest WetFeet’s Documents. Deutsche Bank in Asia · Read more · Careers in Investment Banking, Edition: WetFeet Insider Guide. Read more . The bank—and what makes it tick ☆ Key jobs at Deutsche Bank in Asia ☆ Corporate culture Website: Deutsche bank in asia Edition. Deutsche Bank (Paperback) / Creator: WetFeet ; ; Books.
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Deutsche Bank (Paperback)
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No copying in any form is permitted. It may not be reproduced, distributed, stored in a retrieval system, or transmitted in any form or by any means, in part or in whole, without the express written permission of WetFeet.
The publisher, author, and any other party involved in creation, production, delivery, or sale of this WetFeet Insider Guide make no warranty, express or implied, about the accuracy or reliability of the information found herein.
To the degree you use this guide or other materials referenced herein, you do so at your own risk. The materials contained herein are general in nature and may not apply to particular factual or legal circumstances. Under no circumstances shall the publisher, author, or any other party involved in creation, production or delivery of this guide be liable to you or any other bqnk for damages of any kind arising from access to, or use of, its content. This guide addresses opportunities in Hong Kong, Singapore, and Tokyo, where nearly all graduates studying at overseas universities will be placed in the region.
When we deuysche Asia in this guide, we are referring to opportunities in all three cities. However, note that Deutsche Bank operates two management structures deytsche the area: Asia, excluding Japan sometimes referred to as Asia ex-Japanand Japan. Of course we look for solid academics and bajk experience, but a lot of our strength also comes from our diversity. There are always new projects, and markets are bznk expanding and changing. In more established banking centers, that detusche not be the case.
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It forces us to be creative. It was like learning to ride a bike. You might fall and scrape your knees, but someone is wetfwet there to help you back up. Deutsche encourages you to try new things, and you become familiar with a broader array of products and clients. Know why you want to work for Deutsche Bank.
Be confident, but not arrogant. Convey a genuine desire to work in Asia, and demonstrate some knowledge of its cultures and markets. You work on bits and pieces, but then you go to meetings and hear your seniors talking to clients about the book you prepared. That means demonstrating interest through hobbies, classes, clubs, and market knowledge. The skills are transferable to Wall Street or any other market. But in the Asian markets, you will get more responsibility, more quickly, so you have to be more independent and more entrepreneurial.
We are even more than an international European bank. We are a global organization. Explain how you are fueled by competition and teamwork.
Explain how your attention to detail and creativity will transfer to helping clients finance their growth. We look for candidates with drive and hunger. I work with history majors and English majors, people from different countries and feutsche who speak different languages.
We work hand in hand as a team, and our diversity makes us stronger. We compete to be the best bank. The internship program is a pipeline into the full-time graduate training program and a recruiter tells us the bank usually fills the majority of full-time positions, though deytsche all, from the internship program.
For remaining openings, recruiters seek qualified students beginning their final year of study. However, inDB began a sizeable recruitment effort in Australia, and that will continue in It also recruits from India, China, Singapore, and Korea. International undergraduates are primarily being recruited for analyst positions in Global Banking and Global Markets.
In Japan, there are some opportunities in support roles such as human resources, operations, and finance. The bank is exploring new markets to source talent for its graduate programs. Internships, which are held during student breaks, are often the best way to secure a full-time analyst or associate position.
While the New York Stock Exchange is well-established at more than years old, the Singapore Exchange is drutsche years young.
While Wall Street bankers follow a path of long-standing traditions, Asian bankers must use innovation to forge ahead and set precedents.
Regardless, Deutsche Bank is positioning itself to respond quickly to markets veutsche again. Wetreet helps that Deutsche Bank is a global institution.
Unlike some of its competitors, such as Citibank, Goldman Sachs, and Morgan Stanley, Deutsche Bank has had an international base from the get-go: The bank opened its first international divisions in China and Japan in As of MarchDeutsche Bank operated in 72 countries and employed more than 1, people in Japan and more than 16, in the rest of dfutsche Asia-Pacific region.
Josef Ackermann is the first non-German to run the bank. It makes us more flexible, versatile, and able to react more quickly. Hierarchy is less prominent because people really listen to different views. For example, the bank decided to stick around after the Asian weyfeet crisis and patiently wait for the right time to ramp up investments.
Inthe ADB predicts that growth will be 3. Insiders bwnk Deutsche Bank are optimistic about the future and the fact that the Asian markets are still growing, albeit at a slower pace than in previous years. We at DB have the people, the balance sheet, and the pipeline to take advantage of this.
In comparison to Europe and the U. The World Bank predicted the Chinese economy would grow 7. Deutsche is poised to ride this wave of growth. Our survival starts with financial stability but it manifests with the stability of our people.
New talent and new ideas are in high demand. The Asian markets are also smaller, leading to more of a startup feeling relative to U. As a result, you can expect to gain a lot of experience in many areas fairly quickly.
Those who prefer a structured environment are advised to look elsewhere. The constant flux will sometimes take you out of your comfort zone, but if you stick with it, the opportunities for growth in Hong Kong, Japan, and Singapore will very likely make the effort worthwhile.
Deutschee look for team players with raw intelligence, agile minds, strong quantitative abilities, passion, and creativity. Most overseas candidates will join the Hong Kong, Tokyo, deutsch Singapore divisions. Seutsche experience of working in each place varies. The country traditionally has been thought of as a closed market, in which Japanese businesses will The Workplace Pacific.
But the reality is that in Asia we now have every product and industry group represented. In Asia, the sheer diversity of the region is huge. Here, the markets are more dynamic, with many more developing economies that are going to get a lot bigger than they are today. The sooner you get here, the better it will be. However, with the growing strength of many Asian economies, a shift is under way in the financial services industry that might give those who start their careers in Asia an advantage.
In your interviews, make sure to ask about the specific opportunities and challenges associated with working in Asia.
There are bannk registered entities in the region, and divisions in 17 markets. At a glance Those concerned about whether their experience will prepare them for banking in more established markets should realize the skill set needed to succeed in Asia, New York, or London is essentially the same.
Indeed, opportunities to work with peers in offshore locations, plus the diversity of the APAC region, provide the ingredients to accelerate your learning.
But after a decade of recovery from a near-complete collapse and a dozen years of opened banking markets, Japan remains the second largest economy in the world and one that, unlike the rest of Asia, operates similarly to large banking centers outside the region.
This has included expanding and enhancing its flow businesses in credit, equities, foreign exchange, and interest deutzche, and expanding advisory services and client coverage, particularly in real-estate investment; technology, media, and telecommunications TMT ; and natural resources.
But this is changing; Japanese banks are becoming more sophisticated and can offer most of what large international banks do. Still, the senior management at Deutsche Bank wetfete optimistic. InDeutsche Securities Deutsdhe.
DSIdeutsfhe Japanese investment banking arm, made strides in bonds, structured and derivative products, real estate, and financial advisory. DSI became the first non-Japanese institution to lead-manage a samurai a yendenominated bond from a non-Japanese issuer by the Korea Development Bank. In OctoberDeutsche Bank overtook Morgan Stanley to be the biggest seller of commercial mortgage-backed securities in Japan. Also, in the second quarter ofDeutsche moved up 22 spots from a year earlier to rank fifth in the Thomson league tables for announced mergers and acquisitions in Japan.
As a young person you can pick up the language and enjoy the unique culture here. Hong Kong has been focused on equity markets and clients in China and the feutsche of northern Asia.
Insiders at Deutsche Bank compare the Asian markets of today to the European markets of 15 years ago. One Deutsche Bank senior staffer is a director of the Singapore Exchange and another is a director of the Singapore Commodity Exchange. At a glance Japanese corporate and wetceet sector, and playing a central role in bringing external capital into Japan and injecting Japanese capital into foreign markets.