How to approach interview questions at Deutsche Bank
Deutsche Bank typically holds two interviews to ensure you are a right fit for the graduate role or internship to which you have applied. Below we provide some example or previous interview questions, based on what past candidates have reported and what we have gleaned from our knowledge of the bank.
There's no guarantee that the bank will ask the questions below, but you can use them as a starting point to prepare for your interviews. It's also advisable that you think about other questions that you could be asked (about your skills, CV and understanding of the job role and industry) and how best to answer them.
Deutsche Bank example question: Why do you want to work for Deutsche Bank?
How to answer: One possible approach here is to mention something that differentiates Deutsche Bank from its competitors and is relevant to the job that you’ll be doing. Why, for example, does working on the trading floor at Deutsche Bank differ to working on the trading floor at one of their competitors?
Potential follow-up question: Why do you want to work in this division?
Deutsche Bank example question: Tell me about a time when you have failed
How to answer: Your approach should be more about what you learned or what you would do differently given the chance, rather than what actually went wrong. Failure is expected – you can learn a lot from having done something incorrectly the first time.
Show that the failure helped you to develop; focus on the skills you’ve improved since that time. For example, if you failed to complete a project before the deadline, how have you improved your time management skills since then?
Potential follow-up question: Tell me about a time when you have exceeded expectations.
Deutsche Bank example question: What happened in the ‘X’ market yesterday?
How to answer: One of the trickier commercial awareness questions, this shows just how up-to-date your knowledge of financial markets needs to be.
‘X’ represents whatever markets are most applicable to the post to which you have applied. If you claim to know about the division you’re applying to, you should at the very least be aware of the markets it operates in.
Your answer should be direct, but not so concise that you fail to express the reasons behind the movements in the markets. Do you understand the factors that affect the markets? Only the best candidates will cover this in their answer.
Potential follow-up question: Why are those things important for Deutsche Bank to be aware of?
Deutsche Bank example question: What is the banking/trading outlook for 2017?
How to answer: This is another commercial awareness question, but asks you to take a broader look and think about how political developments and social issues in the wider world could affect the financial world. (Note: consider factors outside of the UK as well as within it.) For example: if Article 50 is triggered by the UK early in 2017, what would happen to the markets?
Potential follow-up question: How should our division respond to the outlook?
Deutsche Bank example question: What are your strengths?
How to answer: However you describe yourself, you’ll need facts to back up your claims. If you call yourself a quick learner, refer back to something you have picked up quickly on your course. If you’ve been praised by a lecturer or manager for that strength, say so.
If you consider yourself an ideas person, don’t just hang off the term ‘entrepreneur’ but really explain where your ideas come from and give a concrete example of when you have put them into action.
Don’t throw out buzzwords or clichés like &’hard working and driven’. They’ll expect all candidates to be hard working, as a bare minimum.
Potential follow-up question: What skills could you bring to the role?
Deutsche Bank example question: Tell me about a recent piece of news involving Deutsche Bank that has interested you
How to answer: ‘Most recent’ does not necessarily equate to ‘best’. Recent news is relative to the world in which it operates – a recent deal could be in the last week or it could be in the last three months, it all depends on the context in which you present it.
Whatever news you reference – a recent merger, a press release from Deutsche Bank and so on – you should be able to show that you researched this in more detail before coming to interview.
Don’t just regurgitate what you hear in the news; it’s better to give your own analysis of the situation. Make it relevant to the division that you’ve applied to. If you talk about a tax issue when you’re applying for a role in the risk department, then things might look a little odd.
Potential follow-up question: How would you use that information in your daily working life?
Deutsche Bank example question: What have you done in the past that makes you suitable for this role?
How to answer: Once again, this is all about keeping things relevant. Tie in your knowledge of the specifics of your graduate role and match it up with examples from your past.
Ideally you’ll be able to show knowledge of the markets and, at least, a little bit of experience in the tasks that you’ll be doing as part of your job.
In addition to the factual details, you should also be able to emphasise aspects of your character that make you stand out. Show that your attitude and values will fit in with Deutsche Bank and with the division you’ll be working in.
What kind of traders do Deutsche Bank want? Do you need to show a level of patience in your role within operations? Will an inquisitive mind help you in your role? You should be asking yourself all of these questions, and more, if you wish to be properly prepared for this question.
Potential follow-up questions: What skills are vital for the role? How do you see your career developing in the future?