Deutsche Bank Reviews

Former Employee – worked at Deutsche Bank full-time for more than 7 years

Pros – Access to leading clients, deep resources/capital, strong track record

Cons – Competitive workplace, long hours (even for banking)

Advice to Senior Management – Create better teamwork and camraderie among junior and senior members

Yes, I would recommend this company to a friend

Current Employee – been working at Deutsche Bank full-time

Pros – Nice People but depends on team

Cons – archaic practices, attrition, career growth depends on too many extraneous factors

Current Employee – been working at Deutsche Bank

Pros – Large network, opportunities to change positions

Cons – very political, slow decision making

Former Employee – worked at Deutsche Bank

Pros – Competent people and project management

Cons – Rigid process oriented exceeding requirements

Advice to Senior Management – Less Rigid process orientation would help

Former Employee – worked at Deutsche Bank full-time for more than 3 years

Pros – Entrepreneurial environment allows success but with limitations. If you can bring in wealthy, low-risk clients, this is an okay place for you depending on the branch manager. If you are support staff you may have the opportunity to share commissions but it depends on the brokers you work with who can be generous, stingy, or somewhere in between.

Cons – If you are support staff, there is no room for professional growth. DB will not approve tuition reimbursement. You will not be promoted. DB Private Wealth Management has entrenched operations processes that are inefficient. DB PWM Americas is overly cautious so finding new business can be a challenge at times. Support software for account performance monitoring, trading, or opening new accounts is outdated and slow.

Advice to Senior Management – Invest in your staff and invest in technology. Your competitors are light years ahead.

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

Current Employee – been working at Deutsche Bank full-time

Pros – Good experience, great name to have on resume

Cons – The days of investment banking is gone; company is making less and less money despite making it's employees work the same or more. The industry itself is declining

Advice to Senior Management – Remove the inefficient way of making so called "pitchbooks"; provide employees with decent computer so that it does not crash in the middle of the night; and basically stop ripping clients off by giving wrong advice

Yes, I would 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 10 years

Pros – The people of DB are friendly and hard working

Cons – The infrastructure of DB is very poor. The management has tried to reduce cost by offshoring the jobs or nearshoring the job to low cost locations. Good performers are not rewarded adequately or motivated. If you stay in the bank for a long time, the pay would be below average as the increase is minimal year over year regardless of the performance.

No, I would not recommend this company to a friend

Former Employee – worked at Deutsche Bank full-time

Pros – Decent hours and great benefits.

Cons – Pay was just OK. Senior mgmt not good.

Former Employee – worked at Deutsche Bank full-time

Pros – -Very smart people, both junior and senior level.
-Excellent learning opportunities and mentorship
-Great name to have on resume. It is very competitive to get in.
-International work opportunities for those who want them

Cons – -Very political
-Comp not the best in relation to other firms
-Extremely bureaucratic and slow

Advice to Senior Management – Keep up the good work in trying to reduce complexity and bureaucracy. Internal social networking tool was a great initiative, as are several other projects. Keep the innovative ideas coming.

Yes, I would recommend this company to a friend

Current Employee – been working at Deutsche Bank

Pros – The People are educated and nice - try and make the best of things.

Cons – It is a bit "flat" with bad job growth unless you start very low.

Advice to Senior Management – bring high functions and promote.