Deutsche Bank is a German multinational investment bank. It provides a host of financial services to various companies. The bank’s headquarters are in Frankfurt, Germany. Deutsche Bank has operations spread across 58 countries and was ranked the 21st largest bank in 2021. It has four major branches: corporate banking, investment banking, asset management, and private banking.
Every year, the bank gets a large number of applications for varied roles. However, there are certain things that they focus on and require from all their candidates. Here are three ways you can increase your chances of getting a job at Deutsche Bank.
1. Academic achievement
It is important to have a good academic background for most roles in the finance industry. However, Deutsche Bank has specifically mentioned academic achievement as an important factor for getting hired on their website. They do not require a maths or economics-related degree. However, if you are applying for a role that uses these core subjects, having numerical knowledge is a must.
They assess candidates based on multiple academic factors apart from their GPAs. Some factors they consider are:
- Scholarships
- Honour rolls
- Leading student organizations
- Awards in specific subjects/courses
- GPA
These are areas you can work on while completing your undergraduate degree in college. It is vital to look at your academic performance from a holistic point of view and not only focus on your grades. The Bank is looking for sharp, outstanding minds who genuinely want to work and excel in Deutsche Bank.
By showcasing a solid academic profile, you will portray that you are capable of adapting to the speed and intensity of learning required at the Bank. To increase your chances of getting a job, you must work on your academics and excel in the same.
2. Key behavioral skills
There are certain non-negotiable skills that Deutsche Bank looks for in all candidates. They place high emphasis on collaborative skills. Being able to bring together a diverse group of people and get them to work together is exactly what they are looking for.
They clearly mention on their website:
“There are a number of important attributes we measure through our assessment process, such as key behavioural skills related to working with people and tasks, as well as your core values and motivation. What’s more, you’re passionate about building a career in global banking, and have a deep interest in your chosen field.”
Apart from outstanding team-playing and leadership, communication skills are kept. Many roles at investment banks are client-facing. The candidates are mandatorily required to know English and be fluent in it. German is only required for candidates seeking roles in the country.
Deutsche Bank’s website mentions “hunger to learn” multiple times. This is a clear indicator that this is another non-negotiable factor for the bank. They are seeking people passionate about global banking and those who are curious to learn constantly.
In addition to these intangible skills, they also require knowledge and technical skills. Numeracy, financial analysis, excel, etc. are crucial if you want to get hired at Deutsche Bank. You can enroll in the Investment Banking Course by FMI to kickstart your basic IB knowledge journey. The course includes all the foundational information you will need to get this job!
3. An impressive interview
How you perform in the interview is vital in deciding whether you get the job or not. It is important to ace the Deutsche Bank interview and here are some tips to do that:
- When you are asked, “Why Deutsche Bank?” make sure you focus on the projects/deals they have worked on and how these have done better than their competitors.
- As mentioned before, they are looking for people who can work well in teams. Make sure you highlight this skill when asked about your strengths or when you’re asked for an introduction. Include examples where you have demonstrated these skills because only mentioning them will not be enough.
- Be up to date with everything DB! If you can, talk to their employees before the interview as it will help you get a deeper insight into the bank and its workings. Know the pivotal deals and projects they have undertaken and use this information while answering the questions.
Since most interviews are on video, you are given a little time after each question to prepare. Think over your answer and tweak it to match DB’s requirements.
Conclusion
Deutsche Bank can provide you with great learning and experience for your career. If you follow these tips and scan their website for more, you will drastically increase your chances of getting hired there. Tweak your resume and answers according to what they are looking for, and gain real-time experience through their internships and graduate programmes. Good luck!
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