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Vault Message Board: Investment Banking

Topic Name: Offer Dilemma
Message Name: Hi there, what was K
Date Posted: 05/11/2000
In Reply To: Go for the German Bank. At the end of the day the training programme is worth something. The money at DB is not that great, start at #28000 and you can expect a bonus of #4000 max at end of year. But DB offer other perks that will make up for it. They treat their staff well. The job at ML is good but what if you join and hate it ? Can you reapply for a graduate programme ? Work for DB for a year and then transfer to an American Bank as a 2nd year analyst in IB if you want money. You can expect a salary of $50000 plus a bonus of $35000 at places like DLJ, Bear Stearns, CSFB, GS. I am currently an associate at an American bank. I joined as an analyst at DKB and then moved to my current employers after doing an MBA at LBS. Cnt say which bank I'm at but it is one of the ones listed above and based in the Wharf, so you should be able to guess. I am currently in NY on business, work 70 hours avg per week but have more money in my bank account than I know what to do with, bought a new flat in Harrods Village last month and have ordered a new BMW 3 series convert which I paid for in cash. I dont mean to boast but just to prove what can be achieved. Hope it helps. If you would like to meet for lunch please reply and we'll arrange something.
Message: Hi there, what was KB's bonus like? How did you find working there?

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