Deutsche Bank Internship (f/m/x) in FICC Research: Credit Strategy 2026

Location: Frankfurt/Main
Duration: 2–5 months, period to be agreed individually

About your internship:

The Deutsche Bank Internship Programme is designed to help you develop your skills through formal training and continuous support. You’ll quickly gain the confidence to take on real projects by learning first-hand how and what we deliver for clients worldwide. You’ll feel supported by colleagues from across our business and start to develop your professional network.

About FICC Research: Credit Strategy 2026

Deutsche Bank Research is responsible for financial, strategic, and macroeconomic analysis within the Deutsche Bank Group, covering global markets as well as a wide range of investment strategies. We monitor developments, technologies, and innovations relevant to the bank in financial markets, the economy, and society, assess their opportunities and risks, and advise our clients, the bank, and a variety of stakeholders. Deutsche Bank Research produces high-quality, independent analysis and actively contributes to the public discussion on a wide range of topics.

The FICC Research – Credit Strategy team focuses on the analysis of global credit markets across Investment Grade (IG) and High Yield (HY) with team members in London, Frankfurt and New York. We analyse the impact of macroeconomic as well as corporate developments on European and US corporate bond markets. That includes publishing spread forecasts, sector level recommendations and views on credit curves, helping clients to navigate an asset class that is highly sensitive to both risk sentiment and the rates market. We also work closely with Credit Sales & Trading and other stakeholders within the global investment bank.

About your role:

In this Frankfurt based role, you will support the Credit Strategy team in developing market views, strategies, and new ideas. The role’s focus is on European credit, but it will also provide exposure to US credit too. You will work on real-time credit market topics analysing market data, monitoring macro and rates developments. The role requires very strong analytical thinking, attention to detail, an interest in financial markets and good excellent communications skills. You will learn from experienced strategists, develop both professionally and personally, and build a strong foundation for a future career in markets or research.

What we look for:

Our internship equips you with the professional skills needed to start your career. We value creativity and flexibility and are therefore looking for entrepreneurial-minded individuals who can find a platform for self-fulfilment within our diverse culture.

• Approaching the end of a degree in economics, finance, or a related quantitative discipline
• Strong interest in financial markets, especially fixed income and credit
• Solid quantitative foundation and confidence in handling complex numerical data, ideally with sound knowledge in a programming language (Python) knowledge
• Relevant practical experience (banking, capital markets, finance, or related)
• Excellent MS Excel skills and practical experience in developing AI-based tools
• Very strong communication skills and fluency in English (written and spoken)

Your Benefits:

Feeling healthy, engaged, and well-supported, enables us to do our best work and get the most out of life outside of the office. That’s why Deutsche Bank is committed to providing benefits and programmes centred around wellbeing.

• Your further internship benefits:
• Competitive salary
• Flexible working conditions e.g. remote working (depending on role)
• Professional skill training, learning portal
• Regular offers as part of our retention programme for interns (dbSteps Community, networking events)
• Experienced mentor and graduate buddy from day one
• Fast-track in recruiting for the Global Markets (Sales /Trading/Structuring) trainee program given your outstanding performance during the internship

About us and our teams:

Our values define the working environment we strive to create – where our people have a sense of belonging and everyone feels welcomed, respected and can contribute and grow. We know that high-performing teams have different skills, backgrounds, and experiences. We collaborate, encourage and enable open dialogue and diversity of views. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.

We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.

Visit Inside Deutsche Bank to discover more about the culture of Deutsche Bank including Diversity, Equity & Inclusion, Leadership, Learning, Future of Work and more besides.

How to apply:

You'll find a wealth of helpful tools and information on our Employability Hub that will support you with your application, prepare for the assessment processes and adapt to a new working environment. Please visit our Careers Website to apply. Please include the following with your application:
- Your current CV
- Transcripts of records (A-Levels and university)
- Internship/work references
- Certificate of enrolment or a declaration of intent to commence further studies

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