Deutsche Bank Reviews

Pros

Great benefits
Great vacation policy
Big, global company with plenty exposure to colleagues in other countries
Noticeable efforts and perks to employees

Cons

IT Organization is one step below the state of chaos (CMM Level -1)
Many IT managers that are unqualified with little to no IT background
Lack of enterprise wide cognizance-so siloed that it has become a large issue
Weak mid-level management, although executive management is strong
Too many fiefdoms hindering the much needed cross collaboration in providing the right IT solutions
IT Value add - so much money spent on IT with so little to show for it.

Advice to Senior Management

Strengthen your middle management with people dedicated to contributing to the vast ITreorganization efforts and strategy. Get rid of those who are not.

Pros

Very people oriented.
Easy accessibility to senior management.
Good working culture.

Cons

HRs attitute in compensation related turf... Just imagine that a Manager getting a lesser salary than a Analyst !!!!
Forces older employees to quit company.

Advice to Senior Management

Please be fair to employees in their compensation level.....

Pros

Deutsche Bank Global Technology is undergoing transformation to create new enterprise solutions on a global scale, and the Cary development center is a key component to this transformation. This isn't a static environment with highly prescriptive roles. DBGT Cary has excellent opportunities for engineers that are driven, engaged, and supportive of change.

Cons

Engineers that are looking for highly structured, pragmatic methodology will find the environment uncomfortable. Change means that everyone needs to reach beyond their comfort zone to ensure their success.

Advice to Senior Management

Help support improvements to the software development and lab environments. Centralize common environment needs among teams to keep the engineers focused on solution design and implementation.

Pros

Diversity is really kept important

Cons

Micro Managing can sometimes become an issue

Advice to Senior Management

More concentration outside Investment Banking

Pros

Has a very liberal vacation policy
Nice offices
Top tier bank makes it a good resume booster
They pay for after work sports

Cons

The compensation is unfair and unbalanced
Upper management is extremely poor
Very little mobility
Everyone analyst to VP seems unhappy

Advice to Senior Management

Pay people more money, and cut excess slack
Build a better organized team structure
Offer mobility, don't silo divisions
Reward success

Pros

Very reputable name to have on the resume
Definitely valuable, great experience
Offer flexible work environment
Global experience with very talented people
short term project cycles allow you to see results right away

Cons

very hierarchical, you get respect based on your level of seniority
closed environment in terms of access to information that is provided on a need to know basis

Advice to Senior Management

make sure to communicate strategic goals to your teams in a personal way for clarity and motivation rather than just as a hard deliverable with no background.

Pros

knowledge sharing is very good
very good customer service levels
good place for investments ,investment research
good process oriented bank

Cons

employing mediocre staff considering cost at branches
worst work life balance at lower end in operations
always threatening culture

Advice to Senior Management

employ good talented people as products are not great .atleast service levels can be maintained

Pros

Excellent benefits, friendly workforce, opportunity to work with a variety of people on many different projects, largely due to their outsourcing strategy. Met some really likeable people here.

Cons

Very very very poor management. They're trying to reorganise the technology division but are just making it worse. Too much management, too many layers. In fact, it often seems that the place is full of managers. Everybody is trying to become AVP, or VP, or Director, or Managing Director, most of the time without merit. People are promoted for the wrong reasons - for length of service and friendships rather than deliverables - definitely NOT a meritocracy. People are more focussed on promotion and building their own mini-empire rather than delivering well.

They also outsource a lot, and accept work done at a sub-standard level. Most of the management do not understand technology and do not have a handle on quality of work and timelines. They waste a lot of money on this. Most of the technology staff are sub-standard external consultants. This leads to poor results.

People are also free to choose whatever technology they want to get the job done. There are very few standards. The people at the top of the technology division need to ask themselves what they are doing and why such basics standards are not in place.

They need qualified people brought in to change things. People with guts to get rid of the mis-firing management, and greater focus to bring in talented developers who will hold the knowledge long after a project has been delivered.

I cannot stress enough how frustrating it is to see layer after layer of middle management. I do not understand why all the MDs, Directors and VPs are needed, and moreso, what they actually do. Don't get me wrong, there are some very bright people here at all levels, but they are diluted by really poor employees.

They struggle to keep their best staff for many reasons, and tend to hang on to the people who are performing poorly. They should look into why this is if they really want to change technology at the bank.

Advice to Senior Management

Stop promoting your friends, stop all the horse trading that goes on when deciding promotions. Promote only on merit.

Have a flatter structure. Hire better managers. Don't be afraid to sack people who are not performing. Offer training to those you want to keep so that they can actually do the job at hand.

Reward those that do well, and focus on keeping them at the bank. The attrition figures for the high performers are attrocious for a leading bank.

Pros

- Some talented/smart among the bunch.
- Good benefits
- Good upside potiential if you are in the correct area and play by the rules

Cons

- A thick net of politics sorounding IT. Talented people can be held back; meritocracy is a relevant concept here.
- Too many teams doing similar stuff - very obvious lack of cooporation due, again, to politics.

Pros

excellent family work-life balance, excellent benefits, excellent larger scope growth potential, great talent

Cons

lots of time and resources wasted on poor process management. have to deal with pushy, know it alls who feel empowered to act with disdain towards trainees. systems are a serious challenge.

Advice to Senior Management

management at the department level needs to prioritize staying plugged into people, relationships, and processes.