Deutsche Bank Reviews

Pros

They encourage a team approach to work and they have a very strong CSR program

Cons

Long hours for an Intern who was also studying for an MBA

Advice to Senior Management

Perhaps cut down the hours to enable the intern to put more focus on studying.

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.

Pros

True meritocracy - you work hard you get rewarded. Entrepreneurial culture, you get to try and explore. Get risk management tools in place

Cons

Bureaucratic - The NY offices did not quite have the open door policy. Management was not transparent as is the case I would imagine at other investment banks

Pros

Benefits package
CSR
Name
Internal job mobility is promoted
Global presence, opportunities available to work in most key deutsche bank hubs

Cons

Poor senior management - Severe lack of direction, some are promoted not on merit but on who they know.

Worryingly, there are some senior managers, especially in technology who are protected by senior MD's. This "allows" them to behave in any manner they wish, resulting in a bullying culture and some very talented people leaving the bank.

Difficult Promotion process - Although in technology there is a more structured promotion process, the management in charge are not always the right people to make the right decisions. Promotions should be based on meritocracy and the persons ability to work at that level. I agree that a SME that struggles to work with others is a difficult candidate to promote and justifiaby needs to improve this aspect if they are to be promoted.
There are many examples of employees who get promoted based on length of service, surely something any tier 1 investment bank should not do if they are to remain competitive.

Advice to Senior Management

Listen to your employess.
Look after your talent before they leave.
Stop protecting senior\middle management that are obviously not fit for the roles they do

Pros

One of the best reasons to work at Deutsche Bank is their benefits package.

Cons

One of the downsides of working at Deutsche Bank is the old school, all boys mentality that still exists.

Advice to Senior Management

Look beyond senior management for guidance.

Pros

The pay package is good and out of chaos opportunities can arise.

Cons

A process for everything (usually several duplicate processes) but few effective processes.

Pros

Extremely talented group of bankers

Cons

Not a good work/life balance

Advice to Senior Management

Keep it up.

Pros

Great colleagues, generous maternity and leave policy

Cons

Depending on the division, a fair level of chauvinism, "old boy" networks and some level of derision from Europe

Pros

Great working environment with interesting people from different backgrounds and culture.
Better than expected work life balance, considering the job nature.
Deutsche bank offers lots of job mobility to its employees

Cons

Work invested into the company often not properly rewarded and recognized by the management.
Salary structure not on par with other countries (especially U.S.) considering that the work load is higher.

Pros

Mobility is important for keeping talented people within the firm and Deutsche practices that philosophy unlike some of its competitors
Benefits are excellent- vacation time, work-life balance, working mother options, volunteering events, etc

Cons

In the last few years, many jobs have been relocated off-shore/near-shore to service centers.
Base salaries are not adjusted to bring employees in line with the market; therefore, sometimes people are forced to leave to see a measurable increase in pay. Loyalty to the firm is not rewarded.