Deutsche Bank Interview Process: Rounds, Timeline & Compensation
Michael King, PE Investment Manager ·
Deutsche Bank runs 3 stages: online psychometric and situational-judgment tests (SHL/OPQ), a HireVue video interview, then an in-person Assessment Centre/Superday pairing a case study with back-to-back interviews — typically 3-6 interviewers spanning analysts through MDs. UK and EMEA applications for the following year's summer internship class open earliest among the bulge brackets, typically December or January, and run on a rolling basis — candidates who clear the Assessment Centre often hear back within about a week. US recruiting for the same intake follows its own, considerably earlier cycle, often close to a year ahead of the UK process. In London, first-year analyst base runs roughly £55k-£65k, with total comp around £80k-£120k after bonus — Deutsche Bank pays close to the bulge-bracket median on base but has a reputation for trailing peers like Goldman Sachs and Morgan Stanley on bonus in strong years. That's roughly 20-30% below the New York benchmark of ~$110k-$120k base and ~$180k-$220k all-in, and broadly in line with the Frankfurt benchmark of ~€75k-€80k base plus a 50-60% bonus (~€115k-€125k total).
Interview rounds
3 stages: online psychometric and situational-judgment tests (SHL/OPQ), a HireVue video interview, then an in-person Assessment Centre/Superday pairing a case study with back-to-back interviews — typically 3-6 interviewers spanning analysts through MDs
Typical timeline
UK and EMEA applications for the following year's summer internship class open earliest among the bulge brackets, typically December or January, and run on a rolling basis — candidates who clear the Assessment Centre often hear back within about a week. US recruiting for the same intake follows its own, considerably earlier cycle, often close to a year ahead of the UK process.
Compensation range
In London, first-year analyst base runs roughly £55k-£65k, with total comp around £80k-£120k after bonus — Deutsche Bank pays close to the bulge-bracket median on base but has a reputation for trailing peers like Goldman Sachs and Morgan Stanley on bonus in strong years. That's roughly 20-30% below the New York benchmark of ~$110k-$120k base and ~$180k-$220k all-in, and broadly in line with the Frankfurt benchmark of ~€75k-€80k base plus a 50-60% bonus (~€115k-€125k total).
Notes
Deutsche Bank's 2019 retreat from equities sales and trading shifted its centre of gravity toward advisory and leveraged finance, and it recruits out of both London and Frankfurt rather than a single European hub — interviewers often probe why a candidate wants a European anchor bank over a New York-headquartered peer, and a specific answer beats a generic "global platform" line.
Frequently asked questions
How many interview rounds does Deutsche Bank run?
3 stages: online psychometric and situational-judgment tests (SHL/OPQ), a HireVue video interview, then an in-person Assessment Centre/Superday pairing a case study with back-to-back interviews — typically 3-6 interviewers spanning analysts through MDs
How long does the Deutsche Bank interview process take?
UK and EMEA applications for the following year's summer internship class open earliest among the bulge brackets, typically December or January, and run on a rolling basis — candidates who clear the Assessment Centre often hear back within about a week. US recruiting for the same intake follows its own, considerably earlier cycle, often close to a year ahead of the UK process.
What does Deutsche Bank pay first-year hires?
In London, first-year analyst base runs roughly £55k-£65k, with total comp around £80k-£120k after bonus — Deutsche Bank pays close to the bulge-bracket median on base but has a reputation for trailing peers like Goldman Sachs and Morgan Stanley on bonus in strong years. That's roughly 20-30% below the New York benchmark of ~$110k-$120k base and ~$180k-$220k all-in, and broadly in line with the Frankfurt benchmark of ~€75k-€80k base plus a 50-60% bonus (~€115k-€125k total).