# FORESIGHT(2021): Summer Internship at Deutsche Bank | Karmanya G B

Student Welfare Group, IIT Kharagpur
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Brief Introduction :
I am Karmanya G B, a final year undergraduate student from the Department of Mechanical Engineering. I am from Radhakrishnan Hall of Residence. I joined Deutsche Bank as a Summer Analyst through CDC.
Selection procedure :
Deutsche Bank’s selection process has 2 steps:
1.CV shortlisting: DB (Deutsche Bank) shortlists 15–20 students based on their CVs. They look for a well-rounded CV and any prior knowledge/experience in finance is a brownie point. Although they do not mention an explicit CG criterion, they generally look for CG > 8. At this point, DB also asks for a cover letter in which they want to know why the candidate wants to join DB and conducts a test that consists solely of various scenarios one might face in the office (HR questions)
2.Interviews: DB usually conducts 3 rounds of interviews (this may vary depending on their needs). The rounds will include HR questions, Puzzles, CV-based questions, and test your general understanding of finance and your inclination towards the field.
How to prepare for them?
I would divide the preparation into 3 parts.
Puzzles/Probability: Heard on the Street would be your go-to book for this, as most of the puzzles that DB asks for will be from there. You can also go through other books like Xinfeng Zhou and 50 Challenging Problems in probability.
Finance Knowledge: Ensure that you are very good with macroeconomic concepts; there are crash courses available on YouTube that cover all the essential topics. Try and brush up on the recent trends in business and financial markets. MOOCs or CFA material will help you learn the basic concepts and financial tools.
CV prep: Ensure that you can defend everything in your CV.
Your Project Details
Although I cannot disclose the details of my project due to compliance rules, I can tell you that the internship will be highly beneficial as the first week will be a Bootcamp on financial instruments and derivatives. Throughout the internship, there will be interaction with various business heads and smaller training sessions available to you. All of the assigned projects were directly used by the desk, and I was also given the opportunity to work on active client requests.
Company Culture
Deutsche Bank actively encourages people from different teams to talk to one another and share knowledge. Even as an intern, I could easily set up meetings with any business head and pick their brains with all queries I had. Interns are taken very seriously in the company and even as an intern my opinions were always heard and taken into consideration.
What effect could COVID have in the upcoming internship process?
During my CDC, I believe that DB selected fewer interns than before. However, I would not imagine they would select fewer than 4 interns in the upcoming internship process.
Who should ideally apply for this internship?
Anybody that has an aptitude for finance and is interested in exploring a possible career in the field.
What advice will you give to them?
Make the interviews as interactive as possible. The fact that you have gotten shortlisted means that they already believe you have the skills they are looking for. They just want to know how you think, throughout the internship There allowed and if you are someone, they would like to work with at the interview level.