Deutsche Bank Adds 5500 Jobs, Boosts Compensation

Deutsche BankDeutsche Bank has gone one better than other financial institutions.

Deutsche Bank not only added to its head count this year by hiring 5500. Unlike other major banks, it didn't also cut compensation. Instead, reports Kyle Stock in Fins Finance, it boosted it. Deutsche Bank, the German financial institution with branches in the U.S., "has grown its compensation coffers, setting aside $9.6 billion euros to pay its troops in the first nine months of the year."

How to get into Deutsche is much like the way into any major financial institution. You have to be willing - correct that, eager - to study for licensing examinations such as the Series 6 and Series 7. Even administrators who are removed from the money parts of the business usually are licensed. They might also have passed certification examinations in specifialized areas of the business.

The catch-22 is that to sit for the licensing examinations you usually have to be sponsored by a financial institution. Therefore, you first have to become associated with one. That could include being an independent contractor. The most common ways the ambitious create an association is through applying for a sales position or an entry level one such as teller.

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