Deutsche Bank Investment Banking Summer Internship Application

by Mai Le | Oct 31, 2012

*** Successful Deutsche Bank Internship Cover Letter contributed by a Cover Letter Library member for Deutsche Bank Investment Banking Division Summer Internship.  ***

Deutsche Bank Internship Cover Letter

October 31, 2012

To whom it may concern,

RE: DEUTSCHE BANK SUMMER INTERNSHIP APPLICATION

My interest in IBD, my passion to work in advisory roles, and my well-rounded skill set working in corporate sectors make me a well-qualified candidate for an internship at Deutsche Bank (DB). This internship will help me to gain a better understanding of your firm’s culture and working ethics, and will be my first step to realise my long-term career here.

My career choice in Investment Banking Division was a result of careful consideration after having worked in many different positions. The Goldman Sachs A Level Girl Program introduced me to Investment Banking as early as my A2 year. However, at that time, I was not quite persuaded that it was for me because of the challenges of working in the male-dominated environment, the long hours, and the difficult economic conditions for IBD. This mindset has changed over time, because I had the chance to experience other less challenging fields, such as Human Resource, which I interned in at Bank of America Merrill Lynch, as well as Retail Banking, which I interned in at HSBC. Since then, I realised that my long-term career needs to be more intellectual, fast-paced and intense than that. In July 2012, I was inspired by Eileen Taylor –MD and Global Head of Diversity at Deutsche, in a panel discussion, that I should not limit my own potential, when I have not even experienced Investment Banking Division firsthand. I recognise I am well prepared to work hard: from all the challenges I have undertaken, I have always worked for longer hours than what was required. From then, I was really motivated to try out the advisory work, especially M&A, therefore I made many speculative applications and cold calls to several financial institutions in Vietnam. By successfully selling my skills and myself to a partner in KPMG, I managed to get a month off-cycle Corporate Finance internship in KPMG with their M&A Team. This experience was really short, intense but fascinating. I was really passionate about the job I did and devoted a lot of time and effort, because of the significant impact I made by working with the small regional M&A team of only five people, handling a vast amount of work. My passion with Investment Banking Division was consolidated from this internship, yet I have not forgotten the first inspiration DB has given. I therefore wish to challenge myself again in this field during the summer internship in DB.

During my internship in different financial institutions, I formed the habit of reading their internal news and got to understand the firm’s strategies and goals. From the three different firms I worked for, one investment bank, one retail bank and one accountancy firm, I have gradually seen the direction of the post-crisis transformation in financial industry. HSBC, BAML and KPMG, despite of exercising different strategies, have generally strategically moved to specialize in profitable products and geographical regions. This industry trend has come in not only because of the regulation changes, but also because of the vision of more profitability and lower cost generated from a more fragmented and specialized financial industry. Relating this to choose the bank I work for, having observed that trend from the rapid transformation of the industry, your strong future performance and potential is what appealed to me. The recent sharp increase in investment banking revenue of DB signals your passion to perform. I believe Deutsche will continue to strengthen the Investment Banking arm, especially in Europe, and gain more market share from other players’ exits. When I was interviewed for Deutsche in April for the Start-up Scholarship, I had the chance to talk to three MDs through the multiple interviews, from which I got many insights into the culture of DB from the thoughtful experiences shared by these seniors. I felt really amazed and touched when Deutsche Bank invited me back to the Flagship Women’s event in July, which was a closed event exclusive mostly for the female DB summer interns. This special invitation made me believe in how much you treasure talents, which has strongly motivated me to embark my career at DB.

Working for Deutsche Bank Investment Banking Division is challenging, as I am well aware, yet I have the right attitude and a well-rounded skill set for what it takes. I am determined to work hard to deliver results, and able to work on multiple projects at once, which is evident from the amount of work experiences I have obtained – many of which happens simultaneously and drove me to manage my time more efficiently along with my academic studies. In term of technical proficiency, I understand having great numerical skills can make me a good analyst, however, aiming to outperform, I have also self-studied Excel and the basic technical foundations for Investment Banking Division prior to my KPMG Corporate Finance internship. Continuing this steep learning curve, I now also take a formally assessed module on Corporate Finance at LSE to enhance this technical foundation by next summer. Beside financial related experiences, I am a well-rounded person who participates in many different non-banking activities, such as volunteering for the Olympics, working for an NGO, teaching in Summer Schools, working in media editing and working for Pearson Plc. on improving students’ learning experiences. These participations not only gave me personal enjoyment and a greater horizon outside the financial world, but also a great network of colleagues and friends who enrich my knowledge and give me many opportunities. Beside academia and all the responsibilities I have taken, I exercise a balanced lifestyle with dancing and watching performing arts, as well as my hobby of filming, for which I won the first prize of British Council’s competition.

I am eager to work for Deutsche Bank Investment Banking as a summer intern and embark on my long-term career path here. I would therefore welcome an opportunity to meet you and discuss my candidacy in more details.

Yours faithfully,

Mai Le

 

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Written By Mai Le

Mai worked for Goldman Sachs in London for many years as an investment banking associate. When she was at LSE, her seniors used to pass her notes of their interviews as well as their cover letters, which helped her tremendously in her job search. This site is a way for her to pay it forward, obtaining qualified materials from her friends and contributors, and building a similar community to pass the resources on to you.

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