| Topic Name: |
SSB or JPM or DBAB?? |
| Message Name: |
DB is weaker in the |
| Date Posted: |
02/08/2000 |
| In Reply To: |
don't listen to the last comment.. it won't get you anywhere..
I don't work at DB, at a BB.. but it was a tough choice between the two..
I would recommend DB because it has real forward momentum. The people there are very smart and good.. the only problem is that since the operation is so new, there are "GS contingents", "MS gangs", "Lehman guys".. etc.. but the firm is developing its own distinct culture that I could sense in interviews and from comments from friends..
The firm is tops in Europe and is building a very strong platform in Asia and N. America. DB says it will be "top 5" in about 5 years or so.. take this with a grain of salt and focus on what you want to do..
Working for DB will mean that you are working for one of Europe's most prestigious institutions.. though it is less well known in the U.S.
You will be "building" a company and the great compensation there will be accompanied by much emotional compensation.. being part of something big..
SSB and JPM are very good firms. DB in the U.S. focuses on health care, tech.. etc.. the other 2 have varying positions.. JP Morgan not much in either.. SSB strong in health care, nothing in tech.
Its up to what you want to help do.. just be part of a "good" firm.. they all are.. or help build a leader..
look at the groups and decide by this metric as well.
all are good options, you won't make a mistake.. go where you feel most comfortable and can make the largest impact. |
| Message: |
DB is weaker in the US but they have a strong global presence? Haha. DB has an inflated balance sheet but their market cap is about that of a US regional bank. Guess who dominates M&A in Europe? Huge surprise. It is GS and MS. Now a real surprise - No. 3 (at least for the last couple of years in the SDC rankings) is JP Morgan. They've always had a strong European presence thanks to their commercial banking franchise.
DB last year just barely made the top 10. Same in Equity Capital Markets. Their purchase of the British I-bank Morgan Grenfell (several years before BT) was about the greatest disaster in history. Everybody who could left for other houses. It's not so much left now. An DB's German operations? Well, they got 1547 branches. Now that's impressive.
I don't want to dis anyone here, but up to now it doesn't look like they were making much progress.
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