Deutsche Bank

  www.db.com
Work in HR? Unlock Free Profile

Deutsche Bank Reviews

Updated Jun 30, 2014
All Employees Current Employees Only

3.4 1,128 reviews

76% Approve of the CEO

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

Jürgen Fitschen & Anshu Jain

(271 ratings)

68% of employees recommend this company to a friend

Review Highlights

Pros
  • Good work-life balance and a global footprint help one explore the corners of the world (in 104 reviews)

  • Change is the only constant - a highly dynamic work environment (in 62 reviews)


Cons
  • The work life balance is crap and if you want to transfer between teams forget it (in 41 reviews)

  • It's very much a grind and long hours and can get quite confrontational (in 45 reviews)

More Highlights
60 Employee Reviews Back to all reviews
Relevance Date Rating
in
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    1 person found this helpful  

    One of the most dysfunctional organizations around

    Director, IT (Former Employee) Cary, NC

    ProsThe software engineers in the local dev center are talented, collaborative, driven, and friendly.

    ConsThe overwhelming bureaucracy of GT prevents the talented engineers from actually delivering useful business solutions. Process, audit, and optics smother engineering capabilities, create huge barriers to productivity, and drain the energy from teams.

    Advice to Senior ManagementGet rid of half of the global GT org -- too many people spend too much time justifying their own existence by getting in the way of the handful of people who actually produce software and systems.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    2 people found this helpful  

    Good pay. Boring work. Bad Management.

    Data (Current Employee) Cary, NC

    ProsPay is very good comparative to the local market.
    Good benefits. Good holiday allowance and 401k.

    ConsEgotistical and ineffective management are out of touch with the majority of staff and seemingly the rest of the organization. A bulk of management on every project with relatively few technologists.

    The center's leadership team strut with arrogance and little care, knowledge or technical capability to provide career management leaving many to be overlooked whilst they cover their backs amongst the head-spinning amount of organization changes.

    Most of the coding challenges are mundane with no aspirations of innovation. New technology is not important here and neither is entrepreneurial spirit. If you can shout the loudest and intimidate the most then you have a chance of doing ok.

    Advice to Senior ManagementLearn from the high performance culture training you provided and reflect on whether you fit what you portray or are just a bad parody. Sadly 90% of our center believe the latter.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Deutsche Bank needs a more diversify product line

    Sythetic Equities Senior Consultant (Former Employee) New York, NY

    ProsWhile working for the International Bank within the US - that learning is at their core. There lots to learn while at DB. A wealth of different types of systems. Many innovative people from which to learn and expand ones knowledge base within the financial indursty (i.e. Hedge fund, broker dealers).

    ConsNo room for growth or movign up the corp. latter. Limited product lines or lack of investment for developing new lines of busness (I.E. Hedge Fund Adm.), Lack of vision by senior management for an Interantional Bank. Emerging Markets is not one of their priorities.

    Advice to Senior ManagementOpen your vision to new product lines, your people are your greatest asset don't waste their talent.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    3 people found this helpful  

    Bad management

    Functional Analyst (Current Employee) Cary, NC

    ProsGood people to work with

    ConsToo much bureaucracy to put up with

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    terrible place

    Anonymous Employee (Current Employee)

    Prosok benefit, but not good as it was used to be;

    Conspoor work-life balance, senior management is terrible, pay is lossy

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    6 people found this helpful  

    Horrendous

    Vice President (Current Employee) Cary, NC

    ProsApart from a good salary, there seems to be nothing worth working for.

    ConsThe Cary location is largely considered a cost lowering place compared to the UK and New York offices. Hence, all the directions come from largely the UK with some from New York. Positions of authority are also reserved from folks who come from the UK with some for people here in the US. If you move from the UK, then you are in good shape, else you need to be part of a clique. It is not important to deliver results if you are in a clique. Politics and nepotism rule the day. Projects and management can change in a hurry. Most of the projects are maintenance projects with the technologies being rather ancient. The word "scrum" is used a a panacea without really understanding how to execute on it.

    Advice to Senior ManagementSteps are rather simple :
    1. Define what each team should look like from an organizational perspective (right now every team has a different composition).
    2. Figure out how to create organic growth.
    3. Identify and get rid of the people who are getting promoted without doing anything just because they are part of the clique.
    4. Create an identity - is this a technology center or a support organization ? Stay on message, one way or another.
    5. Hire people for clearly defined roles.

    Good Luck !

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    5 people found this helpful  

    The axe continues to swing and we remain leaderless

    Assistant Vice President (Current Employee) Cary, NC

    ProsA few intelligent people
    high comparable salaries

    ConsThe center is in a constant state of flux of hire and mostly fire. In the past year almost the entire leadership team has either been fired or departed and what is left is almost constant haggling amongst middle management to own teams and step into dead mens shoes, regardless of being qualified.

    The bank has chosen a SAS import who is completely uninterested in what we are doing and creates authority through fear leaving most quaking and the rest kissing it. Most of us are unclear how this guy does as we take all of our direction from the London domain leads. I'm sure he is as nervous about his own position as we are so he is kissing his respected asses and not delivering utility down to us. Then we have a hired a Chief Development Officer - what Development is this role responsible for and where is the proven calibre?

    Our recent town hall said it all: we want to "reverse the pyramid" which means our management are fixated in adhering to organizational shape over finding the right people then incentivizing the good people to stay.

    This week a further 15 heads were culled, which followed similar exercises over the past 5 months leaving many scared about their future. Why not take a look at why these people didn't achieve success and question whether the organization provides an environment where success is achievable without politics and back-stabbing??

    I do not believe Deutsche Bank understands the locality or the technology profession. Let's say it possibly did at one time, now this is in full reverse. We started with a message of work/life balance, a table tennis table and a relaxed dress code and now the latter being recently stripped so we look nice for our new New York matrix managers who have no clue about what makes technology people tick. North Carolina is not about double-breasted suits, politics and "greed is good" - if we wanted this we would get paid a lot more to live in New York.

    There are so many other technology companies to work for in Raleigh. My entire team is talking aloud about interviewing elsewhere which means this place is heading south.

    Advice to Senior ManagementUnderstand technologists

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    2 people found this helpful  

    What a nightmare!

    Vice President (Current Employee) Jacksonville, FL

    ProsVacation time (not that you can take it). Jacksonville is nice and the people are nice.

    ConsConstant org and strategy changes, no way to make progress or a difference. They tell you that you're empowered and then cut you off at the knees.

    Advice to Senior ManagementStop and think !

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    2 people found this helpful  

    The worst place I have ever worked

    Assistant Vice President (Former Employee) Cary, NC

    ProsPay competitive. Decent banking benefits. 401k, vacation, bonus.
    Some decent people

    ConsThe opportunity was to work as part of a "start-up" building exciting technology which will transform the bank. The reality is completely different. The "work" is mundane, soul destroying GWT development of payment systems within an oversized team with far too many managers who walk around like they own the place.

    The technology stack is so far out of date - yet we are wedded to it because somebody, somewhere decided it was the right thing. It is too 2005 and this is 2014. Wake up!!! Suggesting anything else is pointless as our managers do not own the decisions or are scared to challenge anything.

    I stupidly moved from a real technology company where we had a purpose and the environment was pleasant. I moved for the change in money and the oversold prospects.. I regretted every day since to the point I found another job.

    The craziest thing is that everyone moans about how bad the political situation is and they put up with it for the money only. This explains why the majority of staff are uninspired and lacking passion for the work. The senior team are has-beens and are in no way visionary, even if they like to proclaim they are.

    Any interaction with London or New York feels unpleasant and they control the life-line by giving us just enough or hold a carrot by promising us new work, but only after they have chewed it out and moved onto the next thing.

    The facilities are very poor. The toilets are always smelly, the meeting rooms are scrappy and you have to drive to get food or a coffee.

    Zero training. Agile in a day was pathetic and meaningless when the only work we do is death-marched.

    If we are singularly focused on metrics - take the metric for how many people are happy.

    Advice to Senior ManagementTake the egotistical management team out. Get people who know about coding and are interested in other things than themselves. Walk the talk.

    Focus on people development over hire&fire.

    – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    1 person found this helpful  

    If you don't get any other job in NY, only then should you consider this

    Investment Banking Associate (Current Employee) Jacksonville, FL

    ProsNot sure if there are any

    ConsCareer/Compensation. This is a black hole of hiring analysts/associates and keeping them junior till they have no other option but to leave. The general perception on the street is pretty bad for DBCenter.(Goldman's Salt Lake City office is considered far better)
    Essentially the problem is a lot of Vertical Managers who should be in HR but are making decisions that they do not understand.
    To move up in the organization, it becomes important to be on their good side, rather than do good work.

    Advice to Senior ManagementResign!

    No, I would not recommend this company to a friend

Worked for Deutsche Bank? Contribute to the Community!

Your response will be removed from the review – this cannot be undone.