Deutsche Bank Reviews

Former Employee – worked at Deutsche Bank full-time for more than a year

Pros – Lots of "free" lunches. The people are great.

Cons – It's like groundhog day in that place. There's no potential for change. There's no concern for improvement or cost savings, other than firing associates. Each branch is completely out of touch with the BSO (NY Office)

Advice to Senior Management – Instill a culture of process improvement! You guys are in the dark ages and you're providing no development opportunity for employees.

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

Former Employee – worked at Deutsche Bank full-time for more than a year

Pros – Many of the co-workers were great to work with.

Cons – First of all, the management there is very bad. Most of them don't have a clue how to manage software and they move up the ladder based on connections instead of competence. They have some big holes in their software process which tends to burn developers out or frustrate them beyond repair. The UK office basically runs the show so the US site feels they don't have much autonomy.

Advice to Senior Management – Quit bringing in crappy management to the site. There has to be a better pool locally that can fill those roles much better, unless they are staying away. They need to attract better projects to the site instead of turning themselves into a major league dumping ground for the entire global company.

No, I would not recommend this company to a friend

Former Employee – worked at Deutsche Bank full-time for more than a year

Pros – The co-workers that understand the difficulty environment. It is always nice to have good honest people to talk to about the inevitable workplace especially after a team meeting with a manager who is shoving unrealistic metrics down our throats or when they announce that a team member is no longer with the firm.

Cons – Management has unrealistic quality & production standards which creates very frequent firing and quitting of employees. The employee's hard work, dedication or experience doesn't count. Deutsche Bank wants robots, not people. An employee is unable to feel secure as one's work is judged each month. If you made a mistake in the past that will never go away no matter how many positives things you contributed to the company.
Technology needs to be improved tremendously. E-mail set up for new hires will take months and management will still compare your productivity even when you asserted that you did not have the tools yet to be competitive.

Advice to Senior Management – Please stop treating employees like cattle. If you realize there is a issue regarding one of your workers please be clear about it by telling him/her how they can improve and not just have everyone guessing what they did wrong after you have fired them.

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

Current Employee – been working at Deutsche Bank full-time for more than a year

Pros – OK benefits, cost of living in jacksonville is cheap (not an excuse for terrible salaries), short commute time.

Cons – The atmosphere throughout most of the Jacksonville site is toxic. Turnover is very high. The only people that stay for very long are those that have given up on something better, local yocals from UNF or some community college that can't find anything better or the lunatics that have taken over the asylum. The underlying cause as far as I can tell is the complete lack of hiring standards and the poor wage. I've seen several recent hires (these are all college grads mind you, or so i've heard) that cannot spell the simplest of words or even know how to use EXCEL. Almost every single job at DB requires one to use excel for 50% of your day or more. Hiring managers will lie to your face during the interview to make you believe you have a shot a moving up through deligence and hard work. You can personally save the bank hundreds of thousands of dollars a year and you'll be lucky to receive a 3% raise at the end of the year. 3% of 33k is garbage. Seems like almost all the middle management has been promoted into their position because they didn't know how to do any actual work and the company didn't know what else to do with them. Also, if you're one of the unlucky ones you can be placed onto a team that requires you to work 60+ hr a week. Of course you cant be required to work that many hours but good luck at ever getting a promotion without it.

Advice to Senior Management – Pay more, pay more, pay more. Promote people based on what they actually accomplish and not based how good friends you are or how long they have been working there.

And for the love of god, grow a pair and can the losers that don't contribute anything,

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

Current Employee – been working at Deutsche Bank

Pros – to gain global experience in your area of work and work with multiple teams globally

Cons – -Bad management overall in NYC (not qualified for work at all) and nothing is being done by the senior management
-HR does not support employees. Most of HR reps are external to the bank and don't want to get involve in anything
-Old, difficult systems and processes to navigate
-A way too much politics in NY office. It is expected to have politics everywhere, but DB NY politics can be champions in it if nothing else

Advice to Senior Management – To get a new multicultural and multinational leaders to follow in NYC. Stop current hiring model - "let me bring a friend of a friend who I like, even I know the friend is not qualified for a job at all".
To focus on people, to build an open team environment and cooperation within all team members as well as other teams

Current Employee – been working at Deutsche Bank

Pros – They paid up to bring in good talent and they always were bringing in league table topping traders and sales desks.

Cons – Mercenary culture. Everyone came in for the money and they will all leave for $5 more elsewhere. No opportunity for advancement or promotion. Only a stepping stone to the next job. Dead end. Toxic management. Snake pit.

Advice to Senior Management – Get your heads examined. You have created a hell hole to work in and a horrible place with enormous turnover.

No, I would not recommend this company to a friend

Former Employee – worked at Deutsche Bank

Pros – If you get a good supporting senior manager stick close to them. They are far and few between.

Cons – Hours. So hard to work with others. Overly technical.Expectations are set too high. Management is management when it should be leadership.

Advice to Senior Management – Wake up.

No, I would not recommend this company to a friend

Former Employee – worked at Deutsche Bank

Pros – Large institution which has all areas of banking and finance, just make sure you are not in the asset management arm.

Cons – Management communication was non-existent with superiour's hording information for their own personal gain. Trading desks were encouraged to not associate with other desks.

Advice to Senior Management – There should be a concerted effort to evaluate managers on at least a yearly basis if there is no communication from the personal to the higher-ups.

No, I would not recommend this company to a friend

Current Employee – been working at Deutsche Bank

Pros – A decent starting place for new graduates to learn the IB

Cons – Management is confused what they are doing

Advice to Senior Management – confused,

No, I would not recommend this company to a friend

Former Employee – worked at Deutsche Bank

Pros – - tuition reimbursement
- tons of pto
- looks good on resume
- inexpensive health care
- overall excellent benefits package
- a good place to gain experience for use at other companies

Cons – - miles of red tape
- management does not trust employees - they literally have to know where you are and what you are doing at all times. I witnessed managers looking through cracks in bathroom stalls to find a person. They keep files with records of when employees come and go throughout the day.
- DB does not empower it's employees - they don't trust their people to get the job done without extreme micromanagement.
- management seems incapable of making effective, timely, decisions.
- dated, 30 year old systems supported by inept IT support (tata consulting)
- Deutsche Bank was involved with the Nazi's
- inconsistent review procedures and expectations
- if you are not tight with your boss you will go nowhere - they will promote from outside.

Advice to Senior Management – Empower your employees. Take more responsibility for your criminal actions of the past.

No, I would not recommend this company to a friend