Deutsche Bank Reviews

Updated August 28, 2014
Updated August 28, 2014
1,191 Reviews
3.3
1,191 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Deutsche Bank Co-Chairmen & CEO Jürgen Fitschen & Anshu Jain
Jürgen Fitschen & Anshu Jain
298 Ratings

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

67 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1. 1 person 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 for more than a 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
  2. 2 people found this helpful  

    Vice President

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

    I worked at Deutsche Bank full-time for more than a year

    Pros

    Compensation
    Good people
    Training for investment banking basics

    Cons

    Where creativity and innovation go to die
    Endless bureaucracy and red-tape

    All kidding aside, this is your basic low-cost IT shop with a healthy dose of corporate oversight. Leadership and guidance come mostly from New York and London which leaves simple implementation to Cary. Beware of the all to often weekend releases.

    Advice to ManagementAdvice

    This is not London nor New York. This is Cary. Different expectations, different culture.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3. 4 people found this helpful  

    One of the most dysfunctional organizations around

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

    I worked at Deutsche Bank full-time for more than a year

    Pros

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

    Cons

    The 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 ManagementAdvice

    Get 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.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  4. We want your feedback – Are these company reviews helpful to you?  Yes | No
  5. 5 people found this helpful  

    Good pay. Boring work. Bad Management.

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

    I have been working at Deutsche Bank full-time for more than a year

    Pros

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

    Cons

    Egotistical 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 ManagementAdvice

    Learn 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.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  6.  

    Deutsche Bank needs a more diversify product line

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

    I worked at Deutsche Bank as a contractor for more than a year

    Pros

    While 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).

    Cons

    No 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 ManagementAdvice

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7. 5 people found this helpful  

    Bad management

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

    I have been working at Deutsche Bank full-time for more than 3 years

    Pros

    Good people to work with

    Cons

    Too much bureaucracy to put up with

    Doesn't Recommend
    No opinion of CEO
  8. 8 people found this helpful  

    Horrendous

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

    I have been working at Deutsche Bank full-time for more than a year

    Pros

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

    Cons

    The 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 ManagementAdvice

    Steps 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 !

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  9. 8 people found this helpful  

    The axe continues to swing and we remain leaderless

    • 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 for more than a year

    Pros

    A few intelligent people
    high comparable salaries

    Cons

    The 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 ManagementAdvice

    Understand technologists

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10.  

    terrible place

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Deutsche Bank

    Pros

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

    Cons

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

  11. 2 people found this helpful  

    What a nightmare!

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

    I have been working at Deutsche Bank full-time for more than 3 years

    Pros

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

    Cons

    Constant 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 ManagementAdvice

    Stop and think !

    No opinion of CEO

Worked for Deutsche Bank? Contribute to the Community!

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