• 24 Jul 2009 at 9:27 AM

Comp Watch ’09: Deutsche Bank

By Bess Levin

Zee Germans, just like everyone else, are raising base pay. Supposedly global banking employees were informed yesterday that first years are being bumped to 60k, second years 70k, third years 80k and first year associates 95k. One HY informed us that he and his colleagues are “extremely displeased” with numbers, as they are “insulting low compared to competitors (even Jefferies, for God’s sake).”

Comments (29)

  1. 1
    Posted by guest | July 24, 2009 at 9:30 AM

    fuck off.
    -jef baller

  2. 2
    Posted by guest | July 24, 2009 at 9:31 AM

    kiss my ass and suck my dick, everyone.
    -jefferies analyst

  3. 3
    Posted by guest | July 24, 2009 at 9:35 AM

    i though that the only think below jefferies was hell

  4. 4
    Posted by guest | July 24, 2009 at 9:36 AM

    @3 you know you’re asking for them to come out of the woodwork and defend the shit house now, right? cool.

  5. 5
    Posted by Anal_yst | July 24, 2009 at 9:40 AM

    WTF were 1st years making before the bump?

  6. 6
    Posted by guest | July 24, 2009 at 9:41 AM

    What’s Jeffries like? Is that similar to Stuckeys?

  7. 7
    Posted by wcburrs87 | July 24, 2009 at 9:43 AM

    @5, i want to say 50K + bonus, couldve been 55K.

  8. 8
    Posted by NakedShort | July 24, 2009 at 9:45 AM

    I am still getting a nice breeze in my office from that MFST whiff.

  9. 9
    Posted by guest | July 24, 2009 at 9:49 AM

    At least they don’t work for subnotes at RBS.

  10. 10
    Posted by sourceclosetodiscussions | July 24, 2009 at 9:56 AM

    @naked – I’m with you (btw, mr. softie is the 7th smallest by weight in the dow), but wtf: mr. market is still trying to push this thing higher. tza was actually down this am for a brief moment.

  11. 11
    Posted by NakedShort | July 24, 2009 at 10:05 AM

    @10 I think MSFT may as well triple its dividend and rebrand itself a utility company.

  12. 12
    Posted by guest | July 24, 2009 at 10:07 AM

    @7 thats about as much as a 2nd year assistant makes at my firm.
    PEB

  13. 13
    Posted by guest | July 24, 2009 at 10:15 AM

    Horst: (Sinister) Okay, Mr. Burns, you win. But beware. We Germans aren’t all smiles and sunshine.
    Mr. Burns: (Sarcastic) Oooh, the Germans are mad at me. I’m so scared! Oooh, the Germans! (Hiding behind Smithers) Uh oh, the Germans are going to get me!
    Horst: Stop it!
    Man: Stop, sir.
    Mr. Burns: Don’t let the Germans come after me. Oh no, the Germans are coming after me.
    Man: Please stop the “pretending you are scared” game, please.
    Horst: Stop it! Stop it!
    Mr. Burns: (Pause) No! They’re so big and strong!
    Man: Stop it.
    Horst: Stop it, Mr. Burns.
    Man: Please stop pretending you are scared of us, please, now.
    Mr. Burns: Oh, protect me from the Germans! The Germans–
    Horst: Burns, Stop it!

  14. 14
    Posted by guest | July 24, 2009 at 10:40 AM

    I was at DB in 07-08….that’s exactly what they paid before.

  15. 15
    Posted by guest | July 24, 2009 at 10:41 AM

    Q: Would you rather work for TFA in Compton or Jefferies?
    Tough call.

  16. 16
    Posted by guest | July 24, 2009 at 10:51 AM

    Whats MD base?

  17. 17
    Posted by guest | July 24, 2009 at 11:03 AM

    fwiw, 1st year went from 60k to 65k.

  18. 18
    Posted by NakedShort | July 24, 2009 at 11:14 AM

    @31
    Sometimes you’ve got to squeeze
    Sometimes you’ve got to say please
    Sometimes you’ve got to say hey Im gonna fuuuuuuuck you haaaaaarrrd.

  19. 19
    Posted by guest | July 24, 2009 at 11:19 AM

    So a first year at JPMorgan makes more than a third year at DB?! Way to keep your talent DB, an incredible strategy indeed!!

  20. 20
    Posted by guest | July 24, 2009 at 11:44 AM

    Bess, did you watch Snatch recently?

  21. 21
    Posted by guest | July 24, 2009 at 11:55 AM

    That’s hilarious…that’s what the numbers used to be at C before they got bumped 10k across the board…

  22. 22
    Posted by Becky Boot Fan | July 24, 2009 at 11:58 AM

    I snatch kisses.
    …and vice versa.

  23. 23
    Posted by guest | July 24, 2009 at 12:32 PM

    If you are “extremely displeased” with numbers, banking is probably not a wise career choice. Try pet psychology or sandwich artistry.

  24. 24
    Posted by guest | July 24, 2009 at 12:34 PM

    ya like dags?

  25. 25
    Posted by guest | July 24, 2009 at 2:04 PM

    there is talent in finance?

  26. 26
    Posted by guest | July 24, 2009 at 2:56 PM

    95k for associates? And that’s a “bump”? 100k has been standard for some time.

  27. 27
    Posted by guest | July 24, 2009 at 2:58 PM

    @26 not at Deutsche

  28. 28
    Posted by guest | July 24, 2009 at 3:53 PM

    $100k base for an associate WAS normal but too low now if all base salaries were increased…

  29. 29
    Posted by guest | July 26, 2009 at 8:50 PM

    it’s 60k first year at least

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