Deutsche Bank Reviews in London, UK Area

Pros

Great team environment, positive recognition of good work, challenging work and opportunity to grow / move into new areas, work with people across the globe on a daily basis in which you are able to gain great cultural exposure, overall a very positive experience!

Cons

Communication across the bank is not always consistent, systems could be more user friendly and up to date, sharing knowledge and working across different business areas does not always go smoothly. Probably facing similar problems to other bank/organizations of its size.

Advice to Senior Management

Encourage more open communication across different business areas within the bank, get rid of lotus notes, and work on creating more globally consistent reporting tools.

Pros

Good work life balance, great learning opportunites, intelligent staff, academics, good trading house, strong IB arm, strong corporate responsibility, global bank

Cons

There is never enough compensation for the junior staff at DB, sometimes there is a lack of recognition from senior management`

Advice to Senior Management

When senior management make decisions that will effect teams within the bank, it would be useful for them to get view points of those working within the teams, as it will directly effect them,

Pros

The large and complex environment offers many challenges and opportunities to deploy new technology.
Many excellent colleagues who work well in cross team issues.

Cons

Poor communication is common.
Lack of a shared strategy.

Advice to Senior Management

People will work better if there is less fear and uncertainty regarding their positions.

Pros

good work/life balance
top bank on the street in a number of asset classes
one bank initiative has started to pay off

Cons

no support for juniors
uncompetitive compensation
career advancement and compensation is based on how close you are to top management

Advice to Senior Management

Communication between management and staff needs improvement.

Pros

great work culture is in the bank and there are lots of learning oppurtunitoes.
People are very nice to wrok with and highly cooperative

Cons

A bit owards beurcratic and system driven. good working hours .People are very nice to wrok with and highly cooperative

Advice to Senior Management

great job done

Pros

Training, good management, appreciation for hard work - work with relatively intelligent people - good money and bonuses

Cons

ermm...extremely long hours, got to have a passion to perform and like working hard - like 12-14 hours/day, working past midnight and weekends ....

No life ....your life will revolve around work

Advice to Senior Management

Promote people who exceed customer expectations ...

Pros

Contains a few very smart people
Large business with lots of potential areas to work
Good training and self-development
Good benefits scheme

Cons

Extremely political
Management have contempt for employees
Promotion and remuneration are based on personal relationships with managers
Poor technology and mis-investment in it
A large number of very poor quality people
Extreme amounts of red-tape

Advice to Senior Management

Learn what people actually do in their jobs rather than assuming that you know and then telling employees the solution. Identify and eliminate crony-ism and either introduce a real meritocracy or stop saying that the business is one. Stop throwing money at technology problems; with endless re-architecture programs that never actually go anywhere.

Pros

Good Employee benefits and some very good people to work with.

Cons

Some 80s style mangers and attitudes still prevail in London despite the corporate hype stated.
If you are in Operations, beware of Offshoring your job to subsdiuaries in Birmingham or Bangalore

Advice to Senior Management

Walk the talk when it comes to being a true meritocracy and have the courage to fire senior mangers with 80s attitudes who empire build by favouring those who support them personally rather than those who are best for the Bank at their jobs.

Pros

In the right team and setting, DB is likely a good part to work...still to be proven for me though

Cons

Too political, back-stabbing and anti-meritocratic environment for anyone in their right mind to like and thrive in. Promotion and compensation seems to be more linked to how close you are to top management than any real ability to provide value to the business. Without there are some good and talented people in there, but in my experience their positive contribution was outweighed by the incompetence and ill will too many other. As you can hear I am less than impressed by DB compared to other Int'l banks I have been with.

Advice to Senior Management

Quit

Pros

well-known name, good the resume

Cons

very long hours, increditble bureocrasy, a lot of office politics, very inefficient infrastructure

Advice to Senior Management

to pay more attention to talant retention, invest into efficient IT, streamline organizational and repoting structure