Deutsche Bank Reviews

Updated August 29, 2014
Updated August 29, 2014
1,188 Reviews

3.3
1,188 Reviews
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Deutsche Bank Co-Chairmen & CEO Jürgen Fitschen & Anshu Jain
Jürgen Fitschen & Anshu Jain
292 Ratings

Review Highlights

Pros
  • Good work-life balance and a global footprint help one explore the corners of the world (in 104 reviews)

  • Change is the only constant - a highly dynamic work environment (in 62 reviews)


Cons
  • The work life balance is crap and if you want to transfer between teams forget it (in 41 reviews)

  • It's very much a grind and long hours and can get quite confrontational (in 45 reviews)

More Highlights

Employee Reviews

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  1.  

    Learned A Lot

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Deutsche Bank full-time for more than 8 years

    Pros

    You will learn a lot here because it offers a challenging environment

    Cons

    More training needs to be provided for using some of systems

  2. 1 person found this helpful  

    Very Flat and Misogynistic Organization run by the Motherland

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Portfolio Analyst  in  San Francisco, CA
    Former Employee - Portfolio Analyst in San Francisco, CA

    I worked at Deutsche Bank full-time for more than 3 years

    Pros

    Good compensation, healthcare, maternity leave benefits

    Cons

    Slow Growth, Limited Product Offering, Myopic Views from Corporate Leadership

    Doesn't Recommend
    Disapproves of CEO
  3.  

    Good experience working in Global Teams

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Deutsche Bank

    Pros

    Challenging work and good people

    Cons

    Career opportunities are limited for lateral movement

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  5.  

    Professional Atmosphere

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Analyst  in  Jacksonville, FL
    Current Employee - Senior Analyst in Jacksonville, FL

    I have been working at Deutsche Bank as a contractor for less than a year

    Pros

    Management listens to your ideas and incorporates them into the departments processes as needed.

    Cons

    Communication still remains a problem across internal teams.

    Advice to ManagementAdvice

    Continue to listen to the employees to implement better process. Encourage monthly communications amongst peers.

    Recommends
    Positive Outlook
    Approves of CEO
  6. 1 person found this helpful  

    not so great environment

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Deutsche Bank full-time for more than a year

    Pros

    good benefits - longer vacation for associates. 6 months of maternity leave, which is the longest i heard on the street. base salary is competitive. reasonably smart jr. level people.

    Cons

    poor work life balance, leadership culture is bad. not so knowledgeable Jr. level managers. training was almost zero. not so great bonus. poor internal mobility structure. unresponsive middle level managers.

  7. 1 person found this helpful  

    Political and cost cutting environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Operations Analyst  in  Jacksonville, FL
    Current Employee - Senior Operations Analyst in Jacksonville, FL

    I have been working at Deutsche Bank full-time for more than 3 years

    Pros

    Work life balance is good, office is close to the beach and Towncenter.

    Cons

    Very difficult to move locations, training is non-existent and Series License is very difficult to get sponsorship.

    Advice to ManagementAdvice

    Pay employees more with bonus packages available for good performance reviews. More management training for senior analyst.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  8.  

    Job security

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Compliance  in  Jacksonville, FL
    Current Employee - Compliance in Jacksonville, FL

    I have been working at Deutsche Bank full-time for more than 5 years

    Pros

    Job security, good benefits, location

    Cons

    Salary, endless overtime hours with no compensation, unrealistic job expectations

    Advice to ManagementAdvice

    Compensation evaluations should be done, the employees are underpaid for the amount of experience they have and the industry they work in.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9.  

    Cumbersome

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Project Manager/Business Analyst  in  New York, NY
    Former Employee - Project Manager/Business Analyst in New York, NY

    I worked at Deutsche Bank full-time for more than a year

    Pros

    Nice Cafeteria. Wall Street Location. Broker/Dealer Trading Desk people were very knowledgeable about the products they trade on a daily basis.

    Cons

    Lack of communication and/or commitment. Rates IT had a very damaged reputation for Not understanding technology, and I couldn't fix that. Everyone afraid to lose their jobs, and won't commit to understanding in-house technology. No SME-Subject Matter Experts. Back stabbing - will take credit for your work, verbal abuses from those less knowledgeable about technology, etc.

    Advice to ManagementAdvice

    Senior Managers should be in charge of the hiring process - Not employees. Employees will NOT Hire qualified people who may pose a threat to their position. Ineffective managers have high turnaround of consultants due to lack of personal insecurity surrounding knowledge-base. DB needs a "Centralized" IT Management Group to ensure individual departments meet criteria "Before" UAT Testing can begin, such as Base-lining and Unit-Testing. These will ensure successful implementation 1st time around, as well as Subject Matter Experts for each in-house proprietary platform in use today.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  10.  

    Interesting

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Director, Risk Officer and Manager  in  New York, NY
    Former Employee - Director, Risk Officer and Manager in New York, NY

    I worked at Deutsche Bank full-time for more than 10 years

    Pros

    It all depends on the boss. With the right boss this shop offers a lot.
    I guess my cons are more or less similar to competitors.
    If you swim down the river it is great. If you question the management you are history.
    I was satisfied until I decided to leave as I made enough money to have a happy life.
    I witnessed other who got the boot and where of course unhappy.

    Cons

    Culture has changed significantly and is the worst I have ever seen.
    Management by fear. Most decisions are not made in the interest of the shareholder.
    I witnessed many illegal transactions and cannot believe that regulators keep their eyes closed although they sit day and night next door in the Wall St office.

    Advice to ManagementAdvice

    Change the management would be my advice as it is ridiculous to have somebody in charge of changing a culture which they had implemented in the past. That simply does not work.

    General advice to young folks:
    If you do not like your boss, you better move on as you will never change him/her.
    Opportunities for young people are manyfold. ;)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11. 1 person found this helpful  

    A company with lots of opportunities, yet a hot mess to work at

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President - Technology  in  New York, NY
    Former Employee - Vice President - Technology in New York, NY

    I worked at Deutsche Bank full-time for more than 5 years

    Pros

    A world-class brand. Some great people. Truly a global bank offering lots of opportunity to work in various continents. Deutsche has beautiful buildings and good looking staff. Everyone is well dressed and professional. It offers world-class finance and banking operations. Opportunity to have exposure to people from all over the world.

    Deutsche bank has a great social responsibility initiatives and is a leader in green energy buildings.

    Cons

    Technology is a hot mess, having grown through numerous acquisitions. Systems are outdated and dysfunctional. As a user, basic day to day tasks such as email, calendar, expenses and time off are a hassle to complete. As someone with administrative responsibilities, it is an extremely difficult environment to get anything done.

    The management structure is a mess, with dotted lines all over the place. All decisions have to be approved by numerous people. It's clear that senior management distrusts lower level management to make appropriate decisions. The issue is made worse by the frequency with which new management is hired from the outside, who lack the necessary background / knowledge to make the appropriate decisions. The result is a complete inability to get anything done.

    The place is a revolving door, at least in the regions.

    Advice to ManagementAdvice

    Provide more structural stability for employees. Limit outside hiring. Develop your existing staff; equip them with skills that will increase their marketability, as opposed to trying to trap them at DB with internal trainings and development programs that are overly limited. The staff will appreciate it and this will likely increase your retention ratio. In addition, it may help you trust them more, a trait which is necessary for proper delegation.

    You need a flatter organizational structure, so that senior management can be appraised of what is going on without generating a need for bureaucratic paperwork in the form of excessive report writing, presentations and calls.

    Take a close look at your back-office, specifically HR and Technology, and ensure that the right responsibilities are assigned in the right places, and (very important) that said responsibilities are aligned with the right incentives.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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