Deutsche Bank Reviews in New York City, NY Area

Pros

Strong, well run company, employees are given many opportunities to grow internally. Managers are usually quite competent and encourage original thought.

Cons

Try and boost stock price

Advice to Senior Management

Keep up the good work

Pros

Great benefits, flexible schedule, people are OK.

Cons

Opportunity to grow was not always there.

Advice to Senior Management

Keep up the good work.

Pros

-Good salary
-Good benefits
-Very professional environment

Cons

-Very isolated atmosphere
-Favoritism
-Slow growth within company

Advice to Senior Management

Management must take more initiative to creating a "team" environment. While professionalism is important however isolating each worker to a set workload creates favoritism amongst lower managers.

Pros

Balanced worklife, very good development opportunities.

Cons

Compensations slightly below investment banking market

Advice to Senior Management

Just continue your vision.

Pros

As a bulge bracket bank with a truly global scope, Deutsche Bank is able to compete for high-profile investment banking transactions. The firm is extremely generous with its holiday/compensation packages.

Cons

Lack of clarity, on the part of senior management, on the firm's strategy. Promotion guidelines seemed rather arbitrary, and crystallized as a source of discontent amongst employees.

Advice to Senior Management

None

Pros

- Advancement is based on meritocracy.
- Benefits are among the best of it's competitors.
- Compensation is based on performance. High performers are paid well. Low performers are not.

Cons

- The internal HR recruiting is not great which makes moving between different groups at DB dependent on individuals but this has improved over the past couple of years
- Promotions can be very political as committees comprised of senior managers outside of evaluatee's organization are part of the process

Advice to Senior Management

- Better internal HR website to make openings within the bank more transparent and to promote movement internally
- Make 360 feedback (staff rate their managers) mandatory. The most common reason people leave their position is because of their manager

Pros

the pay is great
sometimes the prestige of the name is a good thing, although personally that doesn't give me any satisfaction

Cons

they have been restructuring some business lines and there is very poor communication from senior management to employees about the changes and how they will be affected.

people are generally unfriendly and scheming to do anything they could to advance themselves. i guess this is a given for ibanking

Advice to Senior Management

communicate, communicate and communicate! employees want to know what's going on at the top, especially when it will affect their work content and colleagues.

Pros

more conservative than American banks, so less likely it will go bankrupt.
Management is solid,
benefit is ok as well

Cons

pay is not top, but is ok considering it's a European bank,
very very hard to move inside the bank, i.e. change functions
culture is not very exciting, hey, it's German

Advice to Senior Management

Be more aggressive in terms of expanding business and finding opportunities, also be aggressive of retaining best talents, make certain restrictions loose, so that people can be freed to create value.

Pros

Good use of technology. Don't always have to use Cisco.
Close to home (for me anyway).
Manager let me work from home when needed.

Cons

Manager did not communicate well.
People were not the friendliest and would not invite others to cliques. It felt like High School at times.
High turn-over, new hires did not last long and long timers stuck in ruts.

Advice to Senior Management

Listen to HR more and try to understand why employees keep leaving.

Pros

Great work-life balance
Good people
Great work culture

Cons

Technology can be a little frustrating

Advice to Senior Management

Increase compensation