There are newer employer reviews for Deutsche Bank

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)

Doesn't Recommend
Positive Outlook
Approves of CEO
Doesn't Recommend
Positive Outlook
Approves of CEO

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 Support software for account performance monitoring, trading, or opening new accounts is outdated and slow.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 Management

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

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  1. The more you are able to sacrifice your personal happiness and balance, the more you will earn in this company / job

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

    I have been working at Deutsche Bank full-time

    Recommends
    Negative Outlook
    Approves of CEO
    Recommends
    Negative Outlook
    Approves of CEO

    Pros

    Good experience, great name to have on resume

    Cons

    The days of investment banking is gone; company is making less and less money despite making it's employees work the same or more. The industry itself is declining

    Advice to Management

    Remove the inefficient way of making so called "pitchbooks"; provide employees with decent computer so that it does not crash in the middle of the night; and basically stop ripping clients off by giving wrong advice

  2. Great exposure to tech banking and LBOs

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in San Francisco, CA
    Former Employee - Anonymous Employee in San Francisco, CA

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

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Access to leading clients, deep resources/capital, strong track record

    Cons

    Competitive workplace, long hours (even for banking)

    Advice to Management

    Create better teamwork and camraderie among junior and senior members

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