There are newer employer reviews for Deutsche Bank

 

Structured work enviroment

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

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

Pros

The Work-Life balance is excellent compared to peer firms, due to the fast-paced nature of the business there are lots of opportunities to add value for the players looking to be seen/heard, and you will exposure to various levels of management

Cons

Bureaucracy runs rampant which may lead to good idea never coming to fruition or too late once everyone agrees. Recent managment turnover may leave something to be desired for, but only time will tell.

Advice to ManagementAdvice

Focus on what has always made DB on strong force in the market and strive for more creative ways to grow within those business lines.

Recommends
Neutral Outlook
No opinion of CEO

1238 Other Employee Reviews for Deutsche Bank (View Most Recent)

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  1. 4 people found this helpful  

    Terribly mismanaged by new management

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

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

    Pros

    The co-workers that understand the difficulty environment. It is always nice to have good honest people to talk to about the inevitable workplace especially after a team meeting with a manager who is shoving unrealistic metrics down our throats or when they announce that a team member is no longer with the firm.

    Cons

    Management has unrealistic quality & production standards which creates very frequent firing and quitting of employees. The employee's hard work, dedication or experience doesn't count. Deutsche Bank wants robots, not people. An employee is unable to feel secure as one's work is judged each month. If you made a mistake in the past that will never go away no matter how many positives things you contributed to the company.
    Technology needs to be improved tremendously. E-mail set up for new hires will take months and management will still compare your productivity even when you asserted that you did not have the tools yet to be competitive.

    Advice to ManagementAdvice

    Please stop treating employees like cattle. If you realize there is a issue regarding one of your workers please be clear about it by telling him/her how they can improve and not just have everyone guessing what they did wrong after you have fired them.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2. 7 people found this helpful  

    Toxic, soul crushing for anyone with the desire to be in real investment banking

    • 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 full-time (more than an year)

    Pros

    OK benefits, cost of living in jacksonville is cheap (not an excuse for terrible salaries), short commute time.

    Cons

    The atmosphere throughout most of the Jacksonville site is toxic. Turnover is very high. The only people that stay for very long are those that have given up on something better, local yocals from UNF or some community college that can't find anything better or the lunatics that have taken over the asylum. The underlying cause as far as I can tell is the complete lack of hiring standards and the poor wage. I've seen several recent hires (these are all college grads mind you, or so i've heard) that cannot spell the simplest of words or even know how to use EXCEL. Almost every single job at DB requires one to use excel for 50% of your day or more. Hiring managers will lie to your face during the interview to make you believe you have a shot a moving up through deligence and hard work. You can personally save the bank hundreds of thousands of dollars a year and you'll be lucky to receive a 3% raise at the end of the year. 3% of 33k is garbage. Seems like almost all the middle management has been promoted into their position because they didn't know how to do any actual work and the company didn't know what else to do with them. Also, if you're one of the unlucky ones you can be placed onto a team that requires you to work 60+ hr a week. Of course you cant be required to work that many hours but good luck at ever getting a promotion without it.

    Advice to ManagementAdvice

    Pay more, pay more, pay more. Promote people based on what they actually accomplish and not based how good friends you are or how long they have been working there.

    And for the love of god, grow a pair and can the losers that don't contribute anything,

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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