Deutsche Bank Internship Programme - PhD Research Intern - London 2027

Job Description

About the programme:

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 the Division:

Deutsche Bank Research is responsible for economic and financial analysis within Deutsche Bank Group and covers asset allocation and all major industry sectors. Analysing relevant trends for the bank in financial markets, the economy and society, the function highlights risks and opportunities, acting as a consultant for the bank, its clients and stakeholders. Deutsche Bank Research delivers high-quality, independent analysis and actively promotes public debate on economic, fiscal, labour market and social policy issues.

About the role:

Our interns learn about our business through on the job experience, you will gain a significant understanding of the work we do, our team culture, and will develop your research skills through real life application.

The role offers the chance to work in a fast-paced environment and gain meaningful insight into the complexities and expertise of real-world market issues. Meet and work with some of the keenest minds in global Macroeconomics and Finance. Interact daily with teams from across the Bank as well as with clients. Analyse and explain market events, devise models and investment strategies, and assist in the publication of a wide array of Financial Research.

Upon successful completion of the Internship Programme and depending on your performance, you may be offered a full-time role within the Research division or the Rates division (both within the Investment Bank of Deutsche Bank) in 2028.

What we look for:

• You will be a highly motivated PhD student eager to experience the world of finance in Europe at a premier European Investment Bank.
• Preferred subjects include Economics, Finance, Econometrics, Financial Mathematics, and Statistics.
• You will bring a passion for macroeconomics and finance and an excellent command of the English language.
• You should be technically adept and, ideally, have the following skills:
• In-depth training and experience in empirical research;
• The ability to manage large datasets;
• Experience in integrating AI in the research process;
• Good written and verbal communication skills; and
• Solid programming skills (in Python, EViews, or other statistical programming languages)

To be eligible for the 2027 UK/US Research Internship programme you must:

• Complete your studies between 1st May 2026 and 30th November 2027. As the programme is due to start between June 2027 and August 2027, this means you may still be studying when you join the programme. In this case you are still eligible to join provided you have completed all of your exams before your start date and must complete your studies (any remaining coursework and have no outstanding requirements for graduation) by 30th November 2027.
• Have already achieved a 2:1 or First (or equivalent) in your undergraduate degree and a pass/merit/distinction (or equivalent) in your post graduate degree either before you join, or by 30th November 2027.
• Have studied a doctoral-level postgraduate degree (PhD) in a discipline such as Economics, Finance, Econometrics, Financial Mathematics, and Statistics
• Possess no more than 12 months full-time, relevant work experience.

The internship will start between June and August 2027 and will have a duration of 10 weeks.

Benefits and wellbeing: 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. Benefits & Wellbeing – Deutsche Bank Careers (db.com)

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

How to apply: Whether you're fresh out of school or already have some experience, 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 https://careers.db.com/students-graduates/#/graduate/ to apply.

Please note you may only make ONE application per recruitment season in the UK. If you make multiple applications with multiple profiles you may be removed from the recruitment process.

The application deadline for this role is 31st January 2027 at 11:59PM GMT.

Please note we hire on a rolling basis, and we may close the role prior to the deadline if we receive a significant number of applications.

If the role is due to close early, the deadline will be updated 48 hours in advance. Please apply early to ensure your application is considered.

If you are interested in applying to other divisions/roles, please click here and then the United Kingdom tab to view the application opening dates and deadlines.

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