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Industrial training is the best way to explore the real business world in real time before you get a job. Apart from being monetarily compensated, candidates also get exposure to real business problems and find ways to solve them.
Industrial training is vitally important for professionals like CA, CS, and those who want to work in finance or banking, like MBA or PGDM diploma holders. There are many institutes and companies where there are good internship programs. Banks, or especially investment banks, conduct various industrial training programs.
Established on 10th March 1870, a German investment bank named Deutsche Bank has a wonderful track record and is renowned for its highly productive Deutsche Bank CA industrial training programs.
Industrial Training at Deutsche Bank
They're redefining what it means to be a banker at Deutsche Bank, a CA firm.
Making a positive difference and cultivating new perspectives are their goals and that is why your ideas might have an impact on them. They're always on the lookout for innovative thinkers who are ready to make an impact right away.
An internship at Deutsche Bank can become your first quality taste of life in the corporate environment, and a potential stepping stone to your career success.
As you improve your technical and interpersonal skills, take on real responsibilities, hear from senior leadership through their speaker series, work on real projects, expand your network, and learn first hand how they deliver for their clients, you'll become a part of a collaborative and inclusive workplace.
If you want to shape your career and the perspective of the financial sector, they will provide you with the platform and framework to do so. Expand your information and understand everything that you need to know to build a rewarding career.
This was just a general overview of the general internship experience at Deutsche Bank. Let's cover further important information about the whole process.
Industrial Training Experience at Deutsche Bank
It all starts with an introduction to Deutsche Bank's realm and the technical and soft skills you'll need to succeed. Your training will continue as you work on real-world projects and gain firsthand experience with how we serve our clients.
During your time there, you'll have the opportunity to network widely with exceptionally talented colleagues through activities like community action teamwork days and the speaker series, as well as hear from senior leadership.
You'll thrive in their welcoming, supportive environment, where people are open and approachable. You'll be rewarded for your dedication and hard work with a competitive bank internship salary and benefits package that recognizes your contribution.
How to Apply for Deutsche Bank CA industrial training
Yes, this is what you were waiting for weren't you?
Well, Deutsche Bank CA industrial training can be applied online and many a time they conduct campus placement as well. They go to some of the top colleges in India to hire interns.
One of my friends is currently pursuing his Deutsche Bank CA industrial training and so many of the accounts of the application process come from real experience.
Ok! so let us cover the online application first which is more common and well-chosen. For campus placement, I shall be sharing with you the experience of my friend who pursued an internship there.
I will also be sharing a secret at the end of the article, so keep reading... Haha.
The following notification is from last year for the internship in the Mumbai office. Deutsche Bank conducts internships in various cities.
To apply for the Deutsche Bank Internship Recruitment process (which is nearly the same every year), interested candidates must follow the steps below:
- Apply by clicking the link. (You will be redirected to the official Deutsche Bank career page.)
- "Apply Now" should be selected.
- If you haven't already, register.
- After registering, log in and complete the application form with all the required information.
- If requested, submit all relevant documents.
- Check whether the information entered is correct.
- Submit the application form after verification.
What now?
Once you are done with your application process which somewhere includes your CV as well there will be two more steps.
- CV shortlisting
- Interview
Well now it is time to cover the campus placement process but before that, let us ponder upon more important things such as the eligibility criteria and documents required and some other important things as well.
Yes, I'll be revealing the secret too in a moment, wait for it. For now, let us focus on the Deutsche Bank eligibility criteria. Here are the eligibility criteria for Deutsche Bank CA industrial training:
Deutsche Bank Eligibility Criteria
You must be in your penultimate year (if you are in graduation) and have an excellent academic record in your chosen discipline to work with some of the industry's brightest minds. However, it is your personality and broader skill set that will make you stand out.
They're looking for people who are creative, collaborative, and eager to challenge and adapt. People who are open to new ideas, eager to learn, and interested in pursuing long-term career goals.
Furthermore, you should be enthusiastic about pursuing a career in global banking and should be knowledgeable about your chosen field.
For Indian CA articles, there are special provisions for Deutsche Bank CA industrial training. Fortunately, Deutsche bank is recognized by the chartered accounting body ICAI to be able to provide industrial training to CA students.
Academic or Educational Requirements:
- FRM, PRM, or Risk analysis certification or a bachelor's degree/diploma or equivalent certification or experience working in banking, finance, economics, or business administration would be beneficial to pursue Deutsche Bank CA industrial training.
- Working knowledge of Microsoft Office (including Excel, PowerPoint, and Word), MS Access, and Visual Basic would be advantageous.
- Root cause analysis and a keen eye for detail.
- Ability to work as part of an international team while remaining self-sufficient.
- Communication and project management skills are essential.
General Skills:
- Working in a time-critical environment with a regulatory/audit focus is a general understanding.
- Understanding the basics of operational risk
- Basic knowledge of a financial institution's risk framework
- Knowledge of industry trends and standards, risk management practices, and legal and regulatory changes are a good start.
Other Requirements:
- You should ideally have a background in commerce, economics, finance, management, and/or computer sciences.
- Must have a strong interest in office administration and a basic understanding of it.
- Must be well-structured and organized.
- Must have a strong understanding of ICT (related software, email, internet & MS Office, especially Word and Excel).
- Must have excellent written and oral English skills.
Well, this was a glipse of the Deutsche Bank CA industrial training and its general and basic requirements. The process to apply online along with steps has been mentioned. Many students have attended the intensive training at this bank through campus placement.
Now let us read Deutsche bank's campus placement process.
Well, this is how my friend told me about the process of campus placement. Read it in his words.
The Campus Placement
“Deutsche Bank representatives came to our college campus for hiring interns for various departments including technology, finance, management, and other domains. I am happy that I cleared it and got selected. There were four rounds with frequent intervals. I will let you know the questions which were asked during the campus placement process.”
Round 1:
- Introduce yourself in short.
- Tell me about your experience at this college.
- How do you know about Deutsche Bank?
- How does a business with a positive net income go bankrupt?
- Can you explain to me what is cash flow statement?
- Can a company with financial difficulties show positive cash flow?
Thus after it, there was a small written test and this is how my first round was finished.
Round 2:
It started with a group discussion and a small written test. Then there were some questions.
- How was your last round and are you feeling relaxed?
- What are the effects of an inventory write-down on the three financial statements?
- What do you mean by fair values?
- Give an example of a time when you had multiple choices and explain how you made your decision.
- What Does Cost Accounting? Do you know what the goals of cost accounting are?
This was an elimination round two candidates were eliminated here after this interview. Only the remaining 8 (including me) went for the further rounds which were tougher than these two.
Round 3:
There were ten multiple questions with vignettes. These questions took a lot of time. With these questions, they wanted to evaluate finance as well as reasoning skills along with the time management skills of candidates. Some of the questions were:
- When should a company consider issuing debt instead of equity?
- Can you explain Goodwill?
- What do you mean by Put Option?
- What is your stronghold in the finance domain?
- Why did you choose this company for an internship?
Round 4:
This was the last and final round of the intern hiring process and they eliminated two more candidates here. I and five others were selected for the internship at this bank. This was the round with HR and questions were about general smartness, quick wit, presence of mind, and listening skills.
- “In the middle of a pond is a single lily pad; the lily pad doubles in size every day and the pond is completely covered on the last day of the month (30 days). How long does it take for the pond to be half-covered?”
- Asked me about my family background.
- Where do you see yourself after 5 years from now in case you are selected?
- What motivates you to pursue a career in finance and banking?
“They also gave me chance to ask questions If I have any though I did not ask in the last three-round. I had some questions that I asked at the last round and then after a few hours, I was selected.”
Well, that's it!
As far as the secret is concerned then here it is!
Work hard! and chase your dreams. This is the most important secret for success. The way you were curious about this secret must be the way you should be curious for the knowledge of your domain and success will follow.
finally ….
Deutsche Bank offers excellent opportunities through its well-structured Deutsche Bank hiring process, especially for internships. The bank ensures a comfortable and conducive work environment. Applications for internships can be submitted online or candidates may be selected through campus placements. With a generous stipend ranging from 16000 to 18000 INR per month, the real value lies in the invaluable learning experience and professional growth you gain during your time there.
Hope you find the information useful!
Thanks for Reading!
