Deutsche Bank
3.4 of 5 1,024 reviews
www.db.com Frankfurt, Germany 5000+ Employees

Deutsche Bank Reviews

Updated Apr 11, 2014
All Employees Current Employees Only

3.4 1,024 reviews

                             

77% Approve of the CEO

Deutsche Bank Co-Chairmen & CEO Jürgen Fitschen & Anshu Jain

Jürgen Fitschen & Anshu Jain

(235 ratings)

68% of employees recommend this company to a friend
127 Employee Reviews Back to all reviews
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Trade Support Middle Office

Anonymous Employee (Former Employee)
New York, NY

I worked at Deutsche Bank

Pros- Advancement is based on meritocracy.
- Benefits are among the best of it's competitors.
- Compensation is based on performance. High performers are paid well. Low performers are not.

Cons- The internal HR recruiting is not great which makes moving between different groups at DB dependent on individuals but this has improved over the past couple of years
- Promotions can be very political as committees comprised of senior managers outside of evaluatee's organization are part of the process

Advice to Senior Management- Better internal HR website to make openings within the bank more transparent and to promote movement internally
- Make 360 feedback (staff rate their managers) mandatory. The most common reason people leave their position is because of their manager

Yes, I would recommend this company to a friend

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Great plac eto get your career going

Analyst - Technology (Current Employee)
New York, NY

I have been working at Deutsche Bank

Pros- Nice Co-workers
- Nice salads in the cafeteria
- They recognize and support talented people
- Quite diverse in the lower ranks

Cons- Lack of diversity as you move up
- A lot of administrative overhead in getting things done
- Difficult on-boarding process

Advice to Senior ManagementOpen up to the way modern companies like Google treat their employees. Good health / financial benefits is not all we need. Provide spaces to take naps, give free healthy lunches, start a gym in the office, etc. There are many things you could improve on in this regard.

Yes, I would recommend this company to a friend

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Sailing the Financial Seas well

Anonymous Employee (Current Employee)
New York, NY

I have been working at Deutsche Bank

ProsGood management strategy in troubled times

ConsBureaucratic HR processes; followed by poor / rushed communications

Advice to Senior ManagementManagement handling of the company approach during the financial crisis has been right on the money - DB one of the few banks that made it through (relatively) unscathed

Yes, I would recommend this company to a friend

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Review

Anonymous Employee (Current Employee)

I have been working at Deutsche Bank

Prosgreat graduate training, good people, managed to get through the crisis relatively better than other banks, promote top performers quickly

Conscan be long hours, technology not where it should be, internal competition, not as competitive in new york as in Europe

Advice to Senior Managementsometimes things seem to structured, allow for more independence,

Yes, I would recommend this company to a friend

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It's a great shop

Anonymous Employee (Current Employee)
New York, NY

I have been working at Deutsche Bank

ProsIt's a quality operation. The people are generally first-rate, HR functions properly, pay and benefits are good. If you need something you can generally get it.

ConsAs with any bank there are politics to contend with. Compared to many other banks, though, it's got a real emphasis on scrappy meritocracy.

Advice to Senior ManagementIt's obviously hard to give people a lot of proscriptive guidance about what their risk limits are, but calling it "style drift" only if a trader loses money isn't really that smart.

Yes, I would recommend this company to a friend

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Top quality work without the staggering burden of super-egos.

Assistant Vice President (Current Employee)
New York, NY

I have been working at Deutsche Bank

ProsTremendous opportunities for international postings and development of a global focus. Ego tripping strongly dis-incentivized. The company is more proactive in evaluating employee strenghts/interests and seeking out opportunities for development and that perfect next assignment.

ConsCompensation structure and progression strangely rigid. The technology products can be somewhat outmoded, but are getting better. This may seem like a strange personal prejudice, but it's my contention that any organization that stubbornly refuses to move away from using Lotus Notes will never be the best at whatever it does -- we all have our litmus tests, I suppose.

Advice to Senior ManagementCommunication about overall company health (both successes and failures) is becoming increasingly important -- before it turns up in the press. The bank should also be more aggressive in trumpeting some of it's more recent successes post-Lehman, to qualify the inevitably dreary earnings reports that all banks have and will be issuing in the near future.

Yes, I would recommend this company to a friend

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Great Place

Analyst (Current Employee)
New York, NY

I have been working at Deutsche Bank

ProsGreat People, Good Environment, Opportunities abound

ConsLong hours, silo mentality everywhere

Advice to Senior ManagementTrust subordinates

Yes, I would recommend this company to a friend

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Best Place for the Ambitious Young

Operations Specialist (Current Employee)
Jacksonville, FL

I have been working at Deutsche Bank

ProsGood benefits and compensation, opportunity to learn and advance career. Very entrepreneurial. This is really a global company with a very local feeling. The workforce is pretty young compared to other places i have observed which means the company is in tune with the coming generation. The good side about DB is that if you work hard and long, you get very paid and recognized for such efforts. Be warned, this is not a place you can hide. If you are bad at what you do, you won't advance.

ConsLong working hours, no clear leadership structure, and very independent work environment which has its pros and cons. Personally i like these downsides.

Advice to Senior ManagementTransparency

Yes, I would recommend this company to a friend

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I miss working for Deutsche Bank

Junior Research Analyst (Former Employee)
New York, NY

I worked at Deutsche Bank

ProsDB was the most organized out of all of the companies I worked for. They keep up with the times, treat their employees well and there is a lot of opportunity to grow if you're the type of employee who puts 100% of yourself into your career and have something to offer.
They actually use the 5-point plan. They didn't just roll it out and work around it. It proved to be very effective. They utilized all of my skill set and challenged me to grow.

ConsDB is very competitive with talent and you really have to know how to negotiate for the salary you want. Smart on their side, but difficult if you don't know how to negotiate a good compensation package.

Advice to Senior ManagementKeep doing what you're doing.

Yes, I would recommend this company to a friend

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Overall, DB is a really good place to work

Vice President (Current Employee)
New York, NY

I have been working at Deutsche Bank

ProsMany talented people that are very good at what they do
The bank has fared much better than its competition in this current environemnt
Good benefits and perks

ConsToo much outsourcing and off-shoreing

Advice to Senior ManagementDo not continue to see only the paper cost savings associated with moving jobs off shore. Consider the increased reputational and financial risk to the firm and acknowledge that quality will suffer.

Yes, I would recommend this company to a friend

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