Internship DCM - Milan (f/m/x)
Deutsche Bank is hiring an Internship DCM - Milan (f/m/x). Level rates it ; you can apply on Level.
AI in this role
Support debt capital markets transactions while leveraging AI tools to enhance productivity and workflows.
Job Description:
For over 150 years, our dedication to being the Global Hausbank for our clients has been driven by our people – in around 60 countries and across more than 150 nationalities.
Their deep understanding, insights, expertise, and passion help our clients navigate an increasingly complex world – be it in our Corporate Bank, our Private Bank, our Investment Bank or our Asset Management division.
Together we can make a great impact for our clients home and abroad, securing their lasting success and financial security.
The DCM coverage team within Deutsche Investment Bank supports Italian and Greek clients to:
· access the Debt Capital Markets through public and private transactions across different markets and currencies;
· execute Liability Management transactions to manage outstanding debt;
· execute Structured Finance transactions.
This combination of client exposure, subject matter and market movement makes our jobs exciting and extremely diversified. We are a coverage team, which means we talk to clients about their financing needs and opportunities, as well as ESG positioning, and we are constantly looking for funding solutions.
The desk is looking for an intern to join the team. Due to its diversity, the internship is open for people with a strong will to learn and implement constantly changing products/concepts.
Learning Objectives
- Assist in the preparation of presentations, analysis and term sheets, due diligence memos and other documents using MS Office suite.
- Assist with executing a variety of transactions including public and private placements in different markets and currencies.
- Learn about the growing area of finance-focused ESG concepts and metrics.
- Liaise regularly with the legal department, as well as with the syndication desk, and other colleagues in the Debt Capital Markets team.
- Leverage internal relationships to ensure that client focus is on line with our business.
Requirements
- Economic background, at least two years of master’s degree.
- Good knowledge of both English and Italian.
- Strong MS Office suite skills.
- Familiarity to use Bloomberg is a plus.
- Good knowledge of accounting.
- The ability to contribute to creative and tactical marketing solutions.
- Strong communication skills.
- The ability to contribute successfully to a team within a global business environment.
- Entrepreneurial mindset.
- Proven ability to leverage AI tools to enhance productivity, optimise workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs.
Start Date: January 2027, 6 months internship
Monthly expense allowance and meal vouchers are provided
Well-being & Benefits
Emotionally and mentally balanced: We encourage work-life balance and we are committed to providing an environment with your development and wellbeing at its centre. We support you in dealing with life crises, maintaining stability through illness, and maintaining good mental health. We promote a culture where you can openly speak about mental health.
Physically thriving: We support you in managing your physical health by taking appropriate preventive measures.
Socially connected: We strongly believe in collaboration, inclusion and feeling connected to open up new perspectives and strengthen our self-confidence and well-being; we organize conferences, webinar and networking opportunities to share diversity, equity and inclusion contents.
Financially secure: We support you in meeting personal financial goals during your active career and for the future.
We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.
Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.
We welcome applications from all people and promote a positive, fair and inclusive work environment.
How we rate this
Internship DCM - Milan (f/m/x) at Deutsche Bank rates 45 out of 100 for how much of the daily work is AI. That makes it Uses AI (AI Level 2 of 4). The level is about AI in the job, not seniority.
Uses AI. An ordinary role that requires AI tools.
- ●●●● Builds AI80 to 100
- ●●●○ Works on AI60 to 79
- ●●○○ Uses AI40 to 59
- ●○○○ Little AI0 to 39
Levels come from how often the tools, models and workflows of the role are named in the posting itself. Open the description and count.
Prepare for this job
Built from this posting and from similar jobs on Level.
Skills and AI tools this role asks for
Questions you could be asked
- What's a project where you used Ms Office hands-on?
- Walk me through how you've used Bloomberg in your day-to-day work.
- What are the limits of AI Tools that you've run into, and how did you work around them?
- This role expects you to use AI tools as part of the job. Which ones have you used, and for what?
- Tell me about a time an AI tool got something wrong. How did you catch it?
Adapt your resume
- List these exact terms on your resume: Ms Office, Bloomberg, and AI Tools. An applicant tracking system matches the wording, not the idea.
- Attach one line of real, concrete experience to at least one of them. A tool named with nothing behind it rarely survives a human read.
- Put the AI tool in a bullet point about what you did, not just in a skills list. This role treats it as a required part of the job.
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