Deutsche Bank

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Creates second class employees through outsourcing

Anonymous Employee (Former Employee) New York, NY

ProsReasonable salary/benefits and work/life balance. Gives lip service to fostering a diverse work culture. Reasonably smart employees overall.

ConsTook advantage of market conditions and outsourced a group of long-term research employees that they needed but not longer respected to a firm with no experience in the business line, thereby creating a second-class set of de facto DB employees (as employees remained in their same desks/offices, performing the same jobs, but no longer eligible for the same benefits). Anyone who didn't accept the offer from the third rate outsourcing firm was denied severance and terminated. Outsourcing firm has no idea how to run the business line -- completely dependent on the transferred employees to make the transaction work.

Advice to Senior Management"Transferring" long-term employees to an outsourcing firm creates a set of employees who no longer care about the company or its future -- destroys good will.

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

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Diverse, Slow to embrace change, Bureaucratic,

    Vice President Group Audit (Former Employee) New York, NY

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


    Pros: Very diverse workforce globally, technologically upto the mark, sound internal… Cons: Very bureaucratic, slow to change, still controlled by those who value… Advice to Senior Management: Follow your own words - when you say ' Passion for Excellence' you must mean it.… Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company… More

    1 person found this helpful  

    Great Company!

    Operations Analyst (Current Employee) Jacksonville, FL

    I have been working at Deutsche Bank full-time for less than a year


    Pros: As a new college graduate, this position is a great first step into the finance… Cons: Training is hands on and not very organized. I wish they had a two week intensive training program to… More
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