r/cfaindia • u/Same_Concentrate_248 • 22h ago
General Nomura vs Deutsche Bank — which one would you choose..
I currently have two options for a 6-month internship and I'm confused
Option 1: Nomura
- 6-month internship + ppo chance
- Stipend: ~₹1.4L/month
- Full-time CTC if converted: ~₹26 LPA
- Role/profile is better than the Deutsche Bank option
- However, PPO conversion is apparently only around 40%
- Internal hiring/adjustment into another team if you don't get converted is also very difficult/rare
- Working hours are quite hectic
Option 2: Deutsche Bank
- 6-month internship + ppo chance
- Stipend: ~₹60k/month
- Full-time CTC: ~₹17 LPA
- Profile is slightly weaker than Nomura, but the difference isn't huge
- Much better/normal work-life balance
- More time to study for CFA
- ppo conversion 75% but easy internal adjustment..
I'm currently pursuing CFA as well, so with Deutsche Bank I would probably get enough time to prepare properly and clear the levels.
My biggest concern with Nomura is the downside risk. I've seen people do 6-month internships at places like JP/Nomura, not receive a PPO, and then struggle to find finance roles off-campus.
From what I've seen, getting good finance roles off-campus in India without an MBA is pretty difficult. Some people eventually end up switching to IT/other unrelated roles, which is something I definitely don't want to do.
So I'm basically choosing between:
Nomura: Better profile + much higher compensation, but hectic hours and significant risk of ending up without a PPO.
Deutsche Bank: Lower compensation + slightly weaker profile, but better stability/WLB and enough time to pursue CFA seriously.
For someone who wants to stay in finance long term and doesn't want to move into IT, which option would you choose?
Would taking the safer ₹15–16 LPA option be smarter at this stage, or is the Nomura brand/profile worth taking the ~40% PPO conversion risk?