Mastering the Deutsche Bank Video Interview: Your Comprehensive Guide
Intro
In the fast-paced world of finance, securing a position at Deutsche Bank can be a game-changer for your career. The Deutsche Bank Video Interview is a crucial step in the hiring process, designed to assess your skills and fit for the company. This guide will walk you through everything you need to know to ace your interview, providing insights from recent trends and common questions you might encounter.
Fast Facts
Understanding the landscape of Deutsche Bank is vital for crafting compelling answers during your interview. In 2023, the bank reported a net profit of €5 billion, with financial activities totaling over €360 billion. A significant focus is on diversity, with a goal to have 35% of women in senior management roles by 2026. Currently, 28% of directors are female. Additionally, over 11,000 staff members are shareholders, participating in the bank’s share purchase scheme. These facts not only showcase the bank’s financial prowess but also its commitment to internal growth and diversity.
Interview Format
The Deutsche Bank Video Interview is a one-way format, where questions appear on the screen, and you have a set time to prepare and record your response. Typically, you can expect three to six questions, focusing on motivational, competency, and commercial awareness topics. Each answer must be concise, as you have about two minutes to respond, translating to roughly 200 words. Importantly, there is no opportunity to redo your responses, so preparation is key.
Most Common Questions
During the interview, you might encounter a variety of questions designed to test different aspects of your candidacy. Common themes include your motivation to work at Deutsche Bank, your understanding of the role and industry, and your ability to demonstrate relevant skills through past experiences. It’s essential to prepare thoughtful answers that incorporate specific examples and align with the bank’s values and objectives.
Why DB?
When asked why you want to work for Deutsche Bank, it’s crucial to go beyond generic answers. Utilize facts from the bank’s annual report, such as its focus on diversity and internal growth, to tailor your response. Highlight how these align with your personal values or experiences. Avoid clichés like “it’s a big company,” and instead, focus on what specifically attracts you to Deutsche Bank.
Why do you want to do this job?
This question requires a balance between discussing the role and your qualifications. Start by outlining the key responsibilities of the position you’re applying for, then link these to your own skills and experiences. For example, if applying for a finance analyst role, mention your analytical skills and relevant experiences. Use specific examples to demonstrate your competencies and how they are applicable to the job.
Tell me about a recent piece of business news
Staying informed about industry news is crucial. When selecting a piece of news to discuss, focus on something relevant to the division you’re interested in, such as risk management or regulatory changes. It’s not necessary to follow every news outlet; instead, find one or two reliable sources and stay updated through newsletters or summaries. Choose a micro-level event rather than a broad economic trend to ensure depth in your discussion.
How would you describe your work ethic
This question can be approached with the STAR method (Situation, Task, Action, Result), even though it’s not a competency question per se. Begin with a direct statement about your work ethic, such as “I am diligent and results-driven.” Then, provide a specific example that illustrates these qualities, highlighting the actions you took and the positive outcome achieved.
What is the share price of the bank right now? €16.21
Knowledge of the bank’s current share price (€16.21) demonstrates your attention to detail and interest in the financial markets. For roles in the middle or front office, be prepared to discuss more complex financial concepts, like market trends or trading strategies. This shows not only your preparedness but also your genuine interest in the industry.
When working in a team of graduates to prepare a presentation for your superior. One day one of the graduates was ill, how would you decipher what to do if you were not expecting to get the task done on time?
This situational question tests your problem-solving and leadership skills. A good approach is to organize a team meeting to reassess the workload and redistribute tasks. Offer to take on additional responsibilities yourself, demonstrating leadership and commitment to the team’s success. Highlight your ability to motivate the team and ensure the project stays on track despite challenges.
Give an example of when you worked well in a team
A classic competency question that benefits from the STAR method. Describe a specific situation where teamwork was crucial, outline the task at hand, detail the actions you took, and conclude with the positive result achieved. Mention specific team members and roles to add depth to your story, and emphasize how collaboration led to success.
FAQ
- How many questions are in the Deutsche Bank Video Interview? Typically, you can expect three to six questions.
- Can I redo my answers in the video interview? No, you have one chance to record each response.
- What types of questions are asked? Questions generally cover motivational, competency, and commercial awareness topics.
- How should I prepare for the interview? Review the job description, stay updated on industry news, and prepare answers to common interview questions using the STAR method.