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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 for more than a 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

Other Reviews for Deutsche Bank

  1.  

    Deutsche Bank job growth opportunities

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - OTC Specialist  in  Santa Ana, CA
    Current Employee - OTC Specialist in Santa Ana, CA

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

    Pros

    Minimum micro management with the jobs and projects assigned.

    Cons

    There are not enough growth opportunities.

    Advice to ManagementAdvice

    Communicate resources available for career advancement.

    Doesn't Recommend
    Neutral Outlook
    No opinion 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 for more than a 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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