Deutsche Bank Reviews

Updated April 13, 2015
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3.3
48 Reviews
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Deutsche Bank Co-Chairmen & CEO Jürgen Fitschen & Anshu Jain
Jürgen Fitschen & Anshu Jain
14 Ratings

48 Employee Reviews

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  1. Welfare but routine

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Contractor - Anonymous Contractor
    Former Contractor - Anonymous Contractor

    I worked at Deutsche Bank as a contractor

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Reputation and brand image. People are nice. Good work life balance. Medical benefits are above average,

    Cons

    Contractor conversion is hard to come by.

    Advice to Management

    Try harder to retain your talented employees.

  2. Not valuing their top talent

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Singapore (Singapore)
    Current Employee - Anonymous Employee in Singapore (Singapore)

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

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    Pros

    Generally friendly people, open culture. Most staff are highly educated and smart people.

    Cons

    Very strong silo culture in the bank, hard to move across to different business divisions. Management is not always honest and will underpay or not promote if employees do not expressly ask for it.

    Advice to Management

    Be fair to your employees, try harder to retain your talented employees. Clean up the most incompetent parts of the bank which are holding DB back from true greatness: Technology and HR.

  3. Good bank to work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Assistant Vice President in Singapore (Singapore)
    Current Employee - Assistant Vice President in Singapore (Singapore)

    I have been working at Deutsche Bank

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Truly global universal bank to work for.

    Cons

    not innovating fast enough, not good for freshers

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  5. Constantly reorganising...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

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

    Recommends
    Negative Outlook
    No opinion of CEO
    Recommends
    Negative Outlook
    No opinion of CEO

    Pros

    Decent colleagues, good benefits, global exposure, good corporate social responsibility programmes

    Cons

    Low bonus and no salary increment. Promotions can be hard to come by. Too many reorganization.

    Advice to Management

    Clear and concise communication from the management.

  6. 1 year of madness

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Finance Manager
    Former Employee - Finance Manager

    I worked at Deutsche Bank

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Like to work in Silo and being promoted vertically
    Like talking in acronyms all day long
    Like to communicate with others while not understanding a thing but everyone nodding
    Like back to back meeting without a minute in between

    Cons

    No management science, everyone promoted irrespective of their people skills

    Advice to Management

    Need to really build managers before promoting anyone based solely on their technical skills
    There is zero management science

  7. Helpful (1)

    Constant Re-organisation in IT

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Deutsche Bank

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

    Pros

    Very process driven, conservative company.

    Cons

    Aggressive cost cutting in IT yet many expats moving to APAC to take on management roles with limited exposure on asian culture. Career development lacking for locals.

    Advice to Management

    Develop your APAC management team not around the expats.

  8. Overworked, underpaid and ignored in a stagnant culture

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Analyst in Singapore (Singapore)
    Former Employee - Analyst in Singapore (Singapore)

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Surrounded by smart and ambitious people

    Cons

    Ambition dies here, people don't have the flexibility and freedom to realise their potential. DB does not care about your welfare as an individual, while managers relish in pitting employees against each other for not material gain. Low salary compared to the industry.

  9. Agressive environment with poor attitude towards employees

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Assistant Vice President in Singapore (Singapore)
    Former Employee - Assistant Vice President in Singapore (Singapore)

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

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

    Pros

    Reputation and brand image
    Mobility
    Senior Management trying to drive change

    Cons

    Political and hierarchical
    Race discrimination- people stick to their own kind and lack of diversity. Local bank work environment rather than multinational bank.
    Process focused workforce - limited commercial vision
    Poor systems and even worse project management
    Big Bang approach to change rather than well planned and methodical- leads to wasted resources and frustrated employees when projects go live
    Unfriendly
    Zero work life balance

    Advice to Management

    Continue the push for diversity and calling bad behaviours
    On the job training is not working - reinforces bad processes and there is ab underlying unwillingness to change. Need regular shake-ups and proper training for existing and new employees to limit attrition

  10. Helpful (1)

    Extremely laid back, slow to change, great benefits.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Assistant Vice President in Singapore (Singapore)
    Former Employee - Assistant Vice President in Singapore (Singapore)

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

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Best employee benefits package encountered in Singapore. Very family-friendly.

    Cons

    No salary increment and low, low bonus. Promotions are competitive.

  11. Too much reorganization, too much internal competition

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Associate in Singapore (Singapore)
    Former Employee - Associate in Singapore (Singapore)

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

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

    Pros

    Good pay
    Some very smart people
    Pretty diverse in some locations

    Cons

    Constant reorganisation, my team was merged and de-merged and re-merged almost every year
    Astounding amount of internal competition, people busier with taking credit than anything else
    Some extremely stupid people in extremely high places

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