Deutsche Bank

Deutsche Bank internship cover letter tips

Read what the financial press says about Deutsche Bank. But also do some creative online searches.

It’s vital that you make the most of your Deutsche Bank internship cover letter, as your chance of going to the next stage of the firm’s selection process depends on it.

Writing a covering letter for an internship at Deutsche Bank, whether you're applying to the UK, Hong Kong, Singapore or Germany, isn’t a 30-minute job. You’ll need to answer some big questions its recruiters will have in their heads about you in a tight word count, and support your application when you write concisely but interestingly about your work experience. Following that you’re asked to make further statements and make observations about the firm, the role and the profession – again being concise. You’ll have to take time and think carefully about what exactly the bank wants you to put across in your answer and how you can convey the information such tight constraints.

Deutsche Bank intern cover letter tip: research before you write

Not as many candidates as you think will read up on all of the early years employment schemes that Deutsche Bank has – but you do it! Go to the ‘DB discover’ section of the Deutsche Bank’s site (under the ‘Careers’ tab) and get a real sense of what unifies the roles and responsibilities and tasks within the bank, and the attitudes and aptitudes it seeks. Read its sections on corporate culture, netiquette, and what it calls ‘Brandspace’.

Now research the firm more widely. Of course, read what the financial press says about Deutsche Bank. But also do some creative online searches. For instance, ‘Deutsche Bank personality’ and ‘Deutsche Bank values’ can bring up an interesting piece by a journalist seconded to the organisation and a Deutsche Bank employee writing about creating long-term business relationships with clients. All of this background information helps you picture life at the Bank, which is essential when you try to convince it that you’ll fit in.

Deutsche Bank intern cover letter tip: structure what you write

With limited word counts to play with, you may not have the space to follow the traditional four-step STAR (situation, task, action and results) technique in your answers. Consider applying the CAR technique (context, action and results) instead.

Of course, Deutsche Bank wants to know: ‘What makes you a strong candidate for this division, considering the key attributes that would make someone successful in this business?’. Deutsche Bank will expect you to pinpoint more than one of the requisite skills or qualities for the job, so make sure you read the job description and person specification. In a covering letter, you have one or two paragraphs in which to do this.

To answer this question using CAR, view your skill or quality as the context, how you exercised this skill/quality at work, university or elsewhere as the action, and the outcome as the result. You might even be able to combine more than one skill or quality into one ‘CAR’, avoiding the need to write double the amount. For example, if you were discussing how you have the rigour and intellectual determination required to work as an analyst in corporate finance, you could write about how in your dissertation or an extended assignment you were extremely thorough in evaluating and referencing your sources (rigour) and the way in which you contributed to your academic field or advanced your line of argument (intellectual determination).

Deutsche Bank intern cover letter tip: avoid an academic writing style and use these simple English tips

Having spent several years in college and university, where you probably wrote essays aplenty, it may be easy to slip into an academic writing style when writing a covering letter to Deutsche Bank. Don’t do this, as you haven’t got enough space to accommodate it.

It’s essential that you avoid long, unnecessary, highfalutin words and long sentences. You might want to look at how some news headlines capture messages briefly, eg:

  • Teresa May: Brexit means Brexit’ is almost like a bullet point. You could use the same construction to write a statement starting: ‘Decision-making: While volunteering at [X charity] I rewrote volunteer job descriptions…’
  • Another headline is ‘Interest rates cut’. It describes an outcome using a decisive verb. Your equivalent might be ‘customer feedback improved…’ when you describe the fruits of your labour.

The following uses both expressions above in one of a series of bullet points that sell the skills a candidate applying to Deutsche Bank might possess. It’s full of context, action and results:

  • ‘Decision-making: While volunteering at [X charity] I rewrote volunteer job specifications to ensure better experience for customers of the charity. I identified the priorities of the role and I decided what to take over from old job descriptions and what new standards to introduce. This involved consulting with colleagues and the public. The volunteers liked the way I clarified how they established contact with customers, and customer feedback improved.’

Deutsche Bank intern cover letter tip: include one excellent example instead of three mediocre ones

For example, in your cover letter, be selective when briefly mentioning an interest that relate in some way to the bank, division, role or industry. Deutsche Bank supports children’s charities and children’s medical research. Have you raised funds for deprived communities or volunteered for a charity? Activities such as these would certainly be worth mentioning. What was involved? What skills did you develop?

Deutsche Bank intern cover letter tip: choose facts that are specific

If you want your cover letter to stand out and to be remembered, include examples and facts that are specific. So, when you briefly explain the main role of your division of choice, how it contributes to the bank and why you are interested in working in this division, don’t say something general such as: ‘I’m passionate about finance and believe my communication and analytical skills could be put to use in ‘X’ division.’ Instead, be specific.

Whether it’s Asset Management, Global Markets or Corporate Finance, find a few things about the division that truly interest you and relate to your career aspirations, values or ethics. For instance, did you develop an interest in a particular division during a ‘Spring into banking’ programme and since then you have wanted to join the highly collaborative environment and find innovative solutions to problems?

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