Deutsche Bank

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  www.deutsche-bank.de

Deutsche Bank Reviews

Updated December 11, 2014
Updated December 11, 2014
1,291 Reviews
3.2
1,291 Reviews
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Deutsche Bank Co-Chairmen & CEO Jürgen Fitschen & Anshu Jain
Jürgen Fitschen & Anshu Jain
339 Ratings

Review Highlights

Pros
  • Good work-life balance and a global footprint help one explore the corners of the world (in 109 reviews)

  • Change is the only constant - a highly dynamic work environment (in 70 reviews)


Cons
  • No work life balance; morale could go down at times (in 47 reviews)

  • a culture of long hours where they aren't required (in 63 reviews)

More Highlights

79 Employee Reviews Back to all reviews

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  1. 1 person found this helpful  

    Deutsche Bank worst investment bank on Wall street

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Project Manager in New York, NY
    Former Employee - Project Manager in New York, NY

    I worked at Deutsche Bank full-time (more than an year)

    Pros

    Good coworkers-- very smart and hard working team

    Cons

    Senior management is terrible. One of the worst run banks on Wall Street. Lots of politics, bullying and backstabbing. Managements is very clicke oriented. Really a bunch of idiots running the regulatory remediation stream.

    Advice to ManagementAdvice

    Middle management is terrible. The senior executives need to get rid of the senior management on regulatory remediation program

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2. 5 people found this helpful  

    A complete disaster

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Assistant Vice President in Cary, NC
    Current Employee - Assistant Vice President in Cary, NC

    I have been working at Deutsche Bank full-time (more than an year)

    Pros

    Pay is above average
    Benefits are good

    Cons

    Originally sold as being a banking office but start-up style, the realisation I made a mistake set in promptly during my first team meeting. The team remained mostly silent as the boss told us the scope of the project had been reduced and the remaining tasks were mundane. Over time I recognized this as modus-operandi and it was something I should not complain about if I wanted to get a bonus.

    The center is operated as a number of disparate teams who rarely collaborate. In essence the building is just a cheaper out-post for London, so fear ruled supreme to not upset our anglo-colleagues otherwise it would not go well for us. There was a lot of sucking up to London which meant we had no discernible identity to speak of.

    The ceiling of career potential was very low. Some people were promoted yet their responsibility would always be lower than the London office. Lots of leadership with no authority.

    No training.
    Uncaring senior management who never interacted with us.
    Lots of horse and pony shows when a London honcho came to town.
    Mass hiring, frequent firing. Seat filling is more important than productivty.
    Office is empty at 5:10 most nights - an indicator of lack of interest by all.

    Advice to ManagementAdvice

    Grow some. Stand up to your London managers. Stop hiring to fill seats and concentrate on quality.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  3. 1 person found this helpful  

    Horrible culture

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Deutsche Bank

    Pros

    Beach location and good weather

    Cons

    Horrible culture, fraternity atmosphere, not smart people

    Advice to ManagementAdvice

    Stop the NY vs. Jax mentality.

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  5. 2 people found this helpful  

    Nearshore Nightmare

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Associate in Jacksonville, FL
    Current Employee - Associate in Jacksonville, FL

    I have been working at Deutsche Bank full-time (more than 5 years)

    Pros

    You get a paycheck and benefits.

    Cons

    The paycheck and benefits are below market. Terrible place to work for educated or experienced professionals.

    Advice to ManagementAdvice

    Upper management and HR are the worst.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  6. 4 people found this helpful  

    Shambolic

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Director in New York, NY
    Former Employee - Director in New York, NY

    I worked at Deutsche Bank full-time (more than 3 years)

    Pros

    In the US they give great benefits, a lot of vacation time and good health insurance.

    Cons

    The place is shambolic. It is constantly re-organising, nothing can get done. There is a lot of internal politics. Any staff you have in big cities are likely to get relocated, which can be good if you are looking for a change of lifestyle and enjoy North Carolina.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  7. 1 person found this helpful  

    Full of old, white-haired scumbags losers living in the past. No upward mobility

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Global Markets Associate in New York, NY
    Former Employee - Global Markets Associate in New York, NY

    I worked at Deutsche Bank full-time (more than 3 years)

    Pros

    Most of the employees are not very bright, so you if you have an average intelligence, you can stand out and do the job.

    Cons

    1.) Senior management don't appreciate hard work from junior employees. They are just there to collect their paycheck, protect their crony friends.
    2.) Software systems are horrible. It's a hodge podge of half baked systems put together by band-aids.
    3.) 90% of the old fogies hate their job and are just there to support their families. It will be another 15-20 years before the old scabs are replaced.

    Advice to ManagementAdvice

    Fire 60% of you rstaff that is 40 and older. They add no value.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8. 7 people found this helpful  

    It's a CURSE' to work at Deutsche Bank in Cary, NC (RUN AWAY)

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Assistant Vice President in Cary, NC
    Former Employee - Assistant Vice President in Cary, NC

    I worked at Deutsche Bank full-time (more than an year)

    Pros

    Global Financial business experience
    Decent salary
    Decent benefits

    Cons

    This DB location in Cary is like an offshore center within US. It's run and controlled by The management in London and New York who care less for people in Cary. Too much blame game, extremely unprofessional and chaotic work environment. They work you like a dog for not that great money. Very very unrealistic expectation. Too much drama to put up with. Extremely high bureaucracy and micro management. They have an Agile process for every project which is extremely stressful. Multiple meetings. Most of them are a waste of time. Too much of process which can get annoying at times. Most people here do not dress well. Doesn't feel like you're working for a big bank. It has a startup feel to it. Some people come to work in jeans, shorts, flip flops on all days.

    Even if you have to take a vacation, it's not easy to get out as most projects are regulatory and they have to meet the timelines.

    Very poor middle management. Instead of pumping your Morale higher, some Managers bring your morale down. The Managers make sure that you don't even have a single minute of free time.

    I've never seen such a stressful and bad work environment ever in my life. Some people are too rude and direct to work with. This is the worst company that I have ever worked with in my life.

    NEVER NEVER NEVER join this bank in Cary, NC.

    Advice to ManagementAdvice

    If you want to be successful then you have to convey the middle management to not micro manage people so much.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9. 7 people found this helpful  

    Take the last train to Jacksonville

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Assistant Vice President in Cary, NC
    Current Employee - Assistant Vice President in Cary, NC

    I have been working at Deutsche Bank full-time (more than an year)

    Pros

    The new facilities are quite nice and becoming increasingly spacious as people leave.
    401k is ok compared to working for the government - though "real" technology companies are better.
    Very slow pace may suit many.
    Easy to hide if you are lazy.

    Cons

    Constant state of flux: Several high-profile departures this year leaving a vacuum for indecision and power broking.
    No support for the center in wider DB - we are the butt of all jokes from our uk counterparts such as "Cary Cracker Jar", "Cary Creche", "Cary Asylum", "Pulled pork-heads", "DB-Rednecks". This might be funny to you but we live here
    No clear strategy - we answer to the newest whip in town. The new whip is in Jacksonville so I guess this is where our jobs are going.
    Low grade senior management team and dishonest/incompetent HR dept.
    Town halls are rubbish - no charisma, no honesty and no action.
    Tooling is poor and you cannot use anything not considered standard.

    Advice to ManagementAdvice

    If your "strategy" is to hire low grade folks the result is going to be low grade.
    Why not tell us our roles are going to Jacksonville instead of promisin

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10. 3 people found this helpful  

    Toxic Environment wouldn't go back even as last resort

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Operations Analyst in Jacksonville, FL
    Former Employee - Senior Operations Analyst in Jacksonville, FL

    I worked at Deutsche Bank full-time (more than an year)

    Pros

    Not one pro to list ...wish I could convert this into more space for cons

    Cons

    Everything about DB is a con

    Management is absolutely horrible and they do not know the process flows or their employees roles and tasks. Reminds me of a sweat shop, they work you till the point of feeling sick. Minimum 60 hour weeks. Jacksonville location likes to bring VP's in from London and eliminate advancement. They come over here and all they care about is production at your expense. They don't care that you have a life or a family.

    AVPs are under qualified and can not help or do anything. In transaction accounting if you ask the management something be ready to get a political I have no idea answer or a wrong answer that you will pay for dearly later.

    Managers like to whisper and gossip about employees and even mock and talk badly about them in front of team members. And if someone quits then they trash talk that person continuously. They blame you for leaving and say it's your fault but yet 80% turn over rate in 12 months tells you there is a problem. Human resources is completely useless they know the issues and do nothing.

    I could go a week and AVPs and VP's that you sit within 10 feet up and they don't acknowledge you or speak to you unless they need or want something.

    Be prepared to do 3-4 person workloads even workloads of higher ranks and not be compensated. I was given a role a pay scale higher with a title change and much more benefits and they told me your getting the job but we can't "promote you" you haven't been here long enough, prove yourself and in 2 years well"promote" you for the role you've been doing.

    This place is toxic and they do not care if you quit they trash you and replace you with someone less qualified.

    If you think your going to get trained your wrong. You will be given broken procedures if you get any and be expected to self train and be expected to make the procedure 100%

    Was told you are aloud to ask questions but you can only ask a specific question one time. If you ask It again your faulted.

    My mid year review was to be done by a deadline in person but they ignored it and texted me at home at 8 pm saying please log in and except your review. I can't leave for vacation until you do. VP's don't even right the reviews they let under qualified AVPs do them with no clue as what to write. I could go on for days but I think you get the picture

    Advice to ManagementAdvice

    Work for you overpaid salary. Get involved and realize there is a major problem in Jacksonville SAS world. It will at some point upset the wrong person and you'll see a lawsuit on your hands. Fix your human resources and make them transparent and trustworthy. Everyone I talk to whether its recruiters or other employers they all laugh when you say I work at DB. And they say can't wait to here your experience....fix your company's integrity.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11. 2 people found this helpful  

    Do Your Research on this Place!!!!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Analyst in Jacksonville, FL
    Former Employee - Analyst in Jacksonville, FL

    I worked at Deutsche Bank full-time (more than an year)

    Pros

    I can't think of any......

    Cons

    I'm not sure if this is enough space but here it goes.

    This was the worst position I've ever had in my life!! It gets me worked up just thinking about it again. For starters let's recap the whole experience. When I began I spent about 2 weeks on the phone with tech support trying to get my computer working with all the necessary programs with no help from managers or colleagues.

    I was given the work of 3 people and when I spoke to management about reducing the load due to stress I was told to manage my time better. This comment sent me through the roof. Others on my team always got their one hour lunch and left right at 5. However, I was there many nights after 8p.m. with none of my colleagues around. When determining who should do what on the team someone made a comment about my salary that I was making "Big Bucks" and more senior people than me were overlooked in being assigned certain tasks.

    The salary wasn't much higher than my previous employer and I was actually making more money at my previous employer, but thought this would be a better opportunity but I was completely wrong. I felt like a fish out of water from day one and when I started getting the hang of things my tasks were increased substantially to make me fail.

    Advice to ManagementAdvice

    Actually care instead of just doing things that hr tells you do to. Don't make sarcastic comments to employees near the bathrooms or anywhere in the building. It's completely unprofessional and DON'T HARASS PEOPLE FOR USING A SICK DAY AND CALL THEM LIARS WHEN THEY RETURN!!!!!!!!!

    You have a role in setting the culture and this is the worst culture I've ever been around not to mention work/life balance.

    Snapping your fingers at employees to finish their work faster doesn't increase productivity, we're not dogs and deserve respect. Hire some more people if you want more done. Pretty sure 60 plus hour weeks aren't normal at most companies year round. Some of us have families and kids.

    Doesn't Recommend
    No opinion of CEO

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