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1 person found this helpful

Great place to start, depending on your managers.

  • 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

Pros

You can learn a lot of skills quickly if you put in your own effort.

Most coworkers are friendly and supportive.

They'll hire just about anybody to do basic analyst roles (including former kindergarten teachers).

Good managers will watch out for you and give you clear assessments of your success and failures.

Depending on your role, you may have great work/life balance (40-42 hr/week) or you might work much longer hours regularly (45-55 hr/week).

Pretty easy to take days off.

Even with cons, it is still a worthwhile company, and has the potential to improve tremendously.

Depending on your role, it can be pretty relaxing.

Cons

Depending on your role, it can be very stressful.

The company is not kind to whistleblowers or people who raise legitimate issues with business practices and ethics.

Unsurprisingly, management and advancement is seniority-based, despite assertions that to the contrary of the environment being a 'meritocracy'.

Horrific technology - they desperately need to update their technology. The current cost-cutting environment does not encourage investment in technology. It takes weeks to months to get access to systems. All employees have this problem, some worse than others. If you need new systems or applications, even critical ones, it still takes weeks or months.Tech support is labyrinthine. Submitting tickets to be updated is difficult, and most employees give up or put off fixes because of frustration with the system (most of the tech support is run out of Indian call centers, which is hit or miss - use local IT whenever possible).

The turnover here is high. Leaving the bank is on most people's minds, even if not said aloud. "Sinking ship" is a phrase used frequently used. The people who enjoy working here tend to feel that way because it is not as bad or stressful as other jobs in the banking industry (ex. Bank of America, Merrill-Lynch) or other industries (ex-military).

Advice to ManagementAdvice

Invest in better technology. Improve tech support ticket system for ease of use. Ethics should be a higher consideration. There is great potential for improvement.

Recommends
Neutral Outlook
No opinion of CEO
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    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President - Technology in New York, NY
    Current Employee - Vice President - Technology in New York, NY

    I have been working at Deutsche Bank full-time (more than 10 years)

    Pros

    Mobility, opportunity to contribute and make a difference

    Cons

    Tough career prospects, no IT strategy

    Recommends
    Neutral Outlook
    No opinion of CEO
  2. Sales Support - Asset Management, limited opportunity for growth, ineffective departmental management

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

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

    Pros

    Good work/life balance, rarely worked late or from home, opportunities to interact with senior investment professionals

    Cons

    Fear-based culture, peers are afraid to point out errors or recommend process improvements, hard work is not rewarded, environment is too casual for those with a drive to succeed, co-workers strove to do as little work as possible and take short-cuts which was what our manager wanted as well. Lack of communication and apathy led to many errors. Not rewarding career-wise.

    Advice to ManagementAdvice

    My manager was afraid of his manager, there was little opportunity to change ineffective policies or suggest changes. I think subordinates should be allowed to blindly review their manager and peers.

    Doesn't Recommend
    No opinion of CEO
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