First round at the office in London with a VP and Associate - lasted 45 minutes. Very friendly interviewers. Introduced themselves and where they came from. Asked them a few questions about their motivation for joining Deutsche Bank. Why investment banking? Walk me through your CV. Do you follow the markets? Spoke about the recent events and deals which led to a purely technical interview after what was supposed to be a primarily competency based interview. Explain accretion and dilution. DCF How a share price affects stock issuance in an acquisition Cost of debt vs cost of equity How would you invest Why is the Eurozone sluggish What's the global outlook Why do companies launch on the stock market Name me some IPOs How are GDP and the hotel industry correlated Why do companies merge? Barriers to M&A How are deals financed? Asked a few questions on training and rotation. Waiting for 2nd round.

The first round is a 30 min technical interview pretty straight forward all the basics not many follow up questions. They left about 5 min at end for your questions so be prepared for that and to have a conversation