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DB won't invest in its Private Wealth Management Americas business

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

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

Pros

Entrepreneurial environment allows success but with limitations. If you can bring in wealthy, low-risk clients, this is an okay place for you depending on the branch manager. If you are support staff you may have the opportunity to share commissions but it depends on the brokers you work with who can be generous, stingy, or somewhere in between.

Cons

If you are support staff, there is no room for professional growth. DB will not approve tuition reimbursement. You will not be promoted. DB Private Wealth Management has entrenched operations processes that are inefficient. DB PWM Americas is overly cautious so finding new business can be a challenge at times. Support software for account performance monitoring, trading, or opening new accounts is outdated and slow.

Advice to ManagementAdvice

Invest in your staff and invest in technology. Your competitors are light years ahead.

Doesn't Recommend
Positive Outlook
Approves of CEO
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  1. Boon to Jacksonville

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

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

    Pros

    Unequivocal opportunities in mid sized southern US market.

    Cons

    "Nearshore" location is middle ground between hub and offshore, and feels that way.

    Advice to ManagementAdvice

    Invest in technology.

    Recommends
    Positive Outlook
    Approves of CEO
  2. Strong company that allows you to make the career you want.

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

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

    Pros

    Health Benefits, Vacation, 401K. Global Bank, community involvement.

    Cons

    Departments tend to be silo-ed, causing people to have horse blinders and not see the bigger picture of the business or the ability to move easily within the company.

    Advice to ManagementAdvice

    Be supportive of your employees and don't be afraid to lose them to another department, they are looking for career growth-your support will help them grow and in turn show your own skills as a manager.

    Recommends
    Positive Outlook
    Approves of CEO
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