Deutsche Bank Reviews

Former Employee – worked at Deutsche Bank

Pros – Meritocracy based company with tremendous opportunities for motivated, high achievers willing to relocate. Plenty of resources, great benefits, excellent compensation for high performers. Very diverse and full of very smart people.

Cons – Operating model is heavily offshored making it difficult for onshore managers to succeed. Overly complex, matrix organization structure. Technology infrastructure is inefficient.

Advice to Senior Management – Simplify the operating model.

Yes, I would recommend this company to a friend

Current Employee – been working at Deutsche Bank full-time for more than 3 years

Pros – smart people that care about their roles and contribution to the organisation. Open and friendly atmosphere with a lot of potential career opportunities. Good pay and decent benefits. Interesting Projects with a strong focus on work-life balance.

Cons – empire building amongst upper management. Constant reorgs, that generate unnecessary confusion and angst among staff. No clear direction or consistency in the ultimate technology vision. The bureaucracy is almost comical. Projects on hold for months until budgets are approved.

Advice to Senior Management – stop the power struggles and focus on the necessary goals that need to be accomplished. Rebuild the trust with your staff---they will rise to the occasion. More decisive action in-terms of decision making

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

Former Employee – worked at Deutsche Bank as an intern for less than a year

Pros – A lot of diverse opportunities for growth, if aggressive. Good culture with a global reach.

Cons – If you land a middle/ or back office role, it could be hard to break out into front office. As the corporate stucture seems pretty ridgid

Yes, I would recommend this company to a friend

Current Employee – been working at Deutsche Bank full-time for less than a year

Pros – Dynamic, strong sense of forward motion
Surrounded by high caliber people
Great Wall St location

Cons – Sense of chaos, no clear high level vision or direction

Advice to Senior Management – Focus, Create an environment in which ideas percolate up from all individuals

No, I would not recommend this company to a friend

Former Employee – worked at Deutsche Bank full-time for more than 8 years

Pros – good place to learn products

Cons – very big slow moving organization

Advice to Senior Management – be more flexible

Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

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

Pros – Diversity (you work with people all over the world)
Better balance between personal and professional life compared to other US investment banks
Good working environment and people

Cons – Lots of decisions based purely on politics (often hurting the performance)
Short term thinking on the IT structure - systems badly designed

Advice to Senior Management – Less politics,

Yes, I would recommend this company to a friend

Former Employee – worked at Deutsche Bank as an intern for less than a year

Pros – - Fun work environment
- Great people

Cons – - More than average bureaucracy stifles talent

Yes, I would recommend this company to a friend

Former Employee – worked at Deutsche Bank

Pros – Dependability, reliability, measured growth, clear corporate structure

Cons – Fragmented technology, large governance, minimal culture

Current Employee – been working at Deutsche Bank full-time for more than 3 years

Pros – Work/life balance, face time is not big here
2-week mandatory time off for equity research folks is awesome
Good stability...layoff and mass cuts in the US less likely despite European troubles
Very good global network/resources
Mgmt is trying to bring more structure and resources

Cons – Pay is good when you first get here, but average to below average
Needs to do a better job of incentivizing employees
Needs more team events
No real sense of culture, siloed work environment
No good sense of what is going on in the business globally...lack of cohesion
Too many internal systems and they are old

Advice to Senior Management – Needs to do a better job of incentivizing employees

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

Current Employee – been working at Deutsche Bank full-time for more than 10 years

Pros – Culture great, encourages opportunities and mobility. Smart smart people.

Cons – It mgmt is inconsistent. Belief if trial and error approach to development leads to poor results and poor roi. Emphasis on developers over project managers and the like. If you are a developer they are moving to a low cost center model, where the hubs like new York city and London are not or rarely hiring developers as they are moving to places like north Carolina and Moscow.

– I'm optimistic about the outlook for this company