Deutsche Bank hiring 25% more new analysts in 2018

REUTERS/Luke
MacGregor

• Deutsche Bank is hiring nearly 800 new university
  graduates globally in 2018, its second highest number ever and
  25% more than last year. 
• The German lender is bringing more analysts in
  corporate finance than in sales and trading. 
• The hiring comes as Deutsche surprised investors last
  week with a higher-than-expected profit for the second quarter
  under new CEO Christian Sewing. 

Deutsche Bank, which has been battling bad news for months, is
now in hiring mode.

German lender has hired almost 800 new university graduates
globally this year, its second highest number ever and 25% more
than last year, according to internal figures seen by Business
Insider and confirmed by a bank spokesman. The bank held
orientation for the class last week. 

The hiring comes as Deutsche surprised investors last week with

news that it plans to report a higher-than-expected profit for
the second quarter under new CEO Christian Sewing. Deutsche

has seen key traders leave in the last few months amid plans
to cut up to 7,000 jobs at the bank by the end of
2019.  

Roughly 27% of Deutsche’s incoming class is made up of bankers,
compared to 16% of traders, providing a window into how the
bank’s strategy is developing. Deutsche’s revenue from stock and
bond trading is down 15% for the second quarter,
compared to big gains from US banks.  

The bank will welcome 774 graduates this year, compared to 619
last year, according to the figures. In 2016, the bank added 813.
This year’s class counts 211 in corporate finance, 177 in
technology and 128 hires in global markets. Technology hires
account for 23% of the class, down from 30% last
year. 

The percentage of women in the class is 40%, up from 37% last
year.