Deutsche Bank Reviews in Birmingham, England | Glassdoor

Deutsche Bank Birmingham Reviews

Updated September 18, 2017
40 reviews

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Birmingham, England (UK)

3.1
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Deutsche Bank Co-Chief Executive Officer John Cryan
John Cryan
17 Ratings

40 Employee Reviews

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Pros
  • Good work life balance but you need to put in the effort to advance (in 346 reviews)

  • Good work environment, employee development (in 163 reviews)

Cons
  • Good work life balance but you need to put in the effort to advance (in 132 reviews)

  • Long hours some times not always (in 146 reviews)

More Pros and Cons

  1. "Group Technology & Operations"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Group Technology & Operations in Birmingham, England (UK)
    Former Intern - Group Technology & Operations in Birmingham, England (UK)

    I worked at Deutsche Bank as an intern

    Pros

    Very friendly colleagues, Impressive office (Birmingham), Stimulating atmosphere and work culture

    Cons

    Working environment can be stressful and puts its staff under a lot of pressure


  2. Helpful (1)

    "Deutsche Bank, Birmingham"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in Birmingham, England (UK)
    Current Employee - Associate in Birmingham, England (UK)
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I have been working at Deutsche Bank full-time (More than a year)

    Pros

    Good name to work for in Birmingham, nice office/location/good cafe
    Investment banking job without the London travel stress
    Small teams, easier to stand out performance wise.
    Good opportunity if out of a Birmingham uni and haven't got experience, or unaware of what these roles should be paying (which could be half of what they pay in London).

    Cons

    Salaries average for the region - easy to get other non-IB roles in Brum that pay more than DB.
    Limited progression opportunities - small teams, a lot of local hiring so you'll be working with a lot of inexperienced people - people haven't generally moved up from London or moved internationally to the site.
    Major time spent trying to get basics right, working into the evening as time not managed well within the day. You'll be expected to sit there if other people haven't finished and help them.
    VPs not very approachable, and VP/AVPs have large teams to look after, hard to get development from them. They'll also want to hold on to you in their team due to the limited experience around that they can replace you with. VP/AVP could even be very inexperienced, having come from the local market with a non-investment banking background.
    Good regional employer, but not what you'd expect for an IB, if moving with experience from Ldn etc, you might not enjoy it much.
    If you join DB Birmingham, and try to move to London - they'll keep you on your Birmingham salary, very hard to get that changed once in there.

  3. Helpful (2)

    "Big name, Small mindset!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in Birmingham, England (UK)
    Current Employee - Associate in Birmingham, England (UK)
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    I have been working at Deutsche Bank full-time (Less than a year)

    Pros

    - Great progression opportunities
    - Tons of roles at multiple locations worldwide
    - Great exposure to a global audience via projects that span the whole globe
    - Serious push from Senior Management to contribute in non-work activities - volunteering, challenges, charity work etc
    - Good general day-to-day IT for staff usage (not to be confused with the shabby IT architecture)
    - Good company benefits which doesn't cost a penny to a permanent employee

    Cons

    - Lower than expected pay. Equivalent pay in the market for my role is £5k more than what I'm paid here
    - Poor work/life balance - none at all. May be this is just confined to the division I work in, but the house rules are from a bygone era - wearing ties; 5 days from office working; 9-6 hours; expected to sit at desk even when there aren't any tasks to do
    - In addition to your day job, you are expected to do extra activities to be 'visible' to senior management - a subtle term for back kissing
    - Senior managers have a separate office to other employees; seriously, I haven't seen such a set up since an 80s movie
    - If your role doesn't require a mandatory course/leaning, it's very hard and onerous to persuade layers of management about a development opportunity, better off paying for it yourself
    - There is hardly any 'tone from the top' messages. I am yet to be on invited to a session directly addressed by CEO or his direct reports

    Advice to Management

    Train your managers to improve work/life balance by educating them on how to trust their team. It's treated as a luxury to work from home at DB, change this mindset, it helps a lot with productivity, not to mention the cost saving at the office.
    Instead of deterring, encourage your employees to take up development opportunities that are consistent with their target role/position.
    Putting everyone on a 40 hour week irrespective of their role is non-sensical. I have previously worked at organisations where you are in the office/at work if there was a need to be, not just to clock hours. This makes them miserable and prone to jumping ship.


  4. Helpful (1)

    "Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in Birmingham, England (UK)
    Current Employee - Associate in Birmingham, England (UK)
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Deutsche Bank full-time (More than a year)

    Pros

    Good environment, people / offices

    Cons

    Salary, bonuses need rectifying soon

    Advice to Management

    don't hit us again with low bonuses


  5. "Too much nepotism"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Birmingham, England (UK)
    Former Employee - Anonymous Employee in Birmingham, England (UK)
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    CEO seems genuine and focussed on his strategic plans

    Cons

    Promotions based on who you know rather than what you know

    Advice to Management

    A lot of people in organisation are not very efficient focusing more on raising their profile rather than their role. No wonder costs aren't under control. Some people even have very little work. Too easy to coast here.


  6. "Legal Placement"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Birmingham, England (UK)
    Former Employee - Anonymous Employee in Birmingham, England (UK)
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Deutsche Bank full-time

    Pros

    Professional Training. Helpful Team. Real hands on Legal work.

    Cons

    Did not get the chance to explore other teams.


  7. Helpful (1)

    "Good but hard work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Birmingham, England (UK)
    Current Employee - Anonymous Employee in Birmingham, England (UK)
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Big corporate, possibility to work with some of the greatest experts on the market. They will invest in your personal development and encourage you to take opportunity of a huge array of courses to take part in if you wish to grow professionally. Faced paced challenging environment.

    Cons

    Politics,politics and more politics. Training is scarce if not completely inexistent -the culture is very much a "figure it out by yourself culture"...you will need to rely heavily on a network of contacts in order to get the basic information needed to complete tasks. Two years before they will even consider a pay rise or promotion so make sure you negotiate pay properly before signing the contract.Beware your job spec will grow day by day.

    Advice to Management

    Stay close to your team.

  8. "ok to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Birmingham, England (UK)
    Current Employee - Anonymous Employee in Birmingham, England (UK)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Deutsche Bank full-time (More than 5 years)

    Pros

    good premise, some internal job opportunity

    Cons

    no good manager, less opportunity for learning from job


  9. Helpful (2)

    "Inefficient and too many politics"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Vice President Infrastructure in Birmingham, England (UK)
    Former Employee - Assistant Vice President Infrastructure in Birmingham, England (UK)
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    - New CEO is trying to reverse the image of banking instilled by the previous leadership teams.
    - Opportunities to move around different areas of the bank locally and globally.
    - Great benefits.
    - DB encourage their employees to take part in lots of charitable work and allocate time for this.

    Cons

    - Too many politics.
    - Enourage competition between employees rather than creating synergy between them.
    - Too much focus on an individuals profile rather than ability to do the job.
    - Very slow paced in some areas. Work being repeated by numerous employees. Very inefficient.
    - High staff turnover rates.
    - Not a good place to progress fast.
    - A lot of unhappy people at the NCT levels.
    - A lot of employees at AVP level and above are not adding enough value to the business and nobody seems bothered. No wonder they have a cost problem.

    Advice to Management

    - Hire process consultants to review your inefficient processes and work done by multiple people.
    - Remove the deadwood. Too many managers sailing under the radar. Some employees get to a certain level and just happily coast along due to good salary package and benefits.
    - Promote based on ability rather than tenure.
    - Too much competition between locations. Are you not all one bank?
    - Each location wants to grow its teams regardless of some people having little work whilst other areas are overworked. If you want to reduce your high cost profile look at value for money you are offering your business. Produce KPIs for each department/team and compare against industry standards.
    - Culture and values still need work. Hopefully with a new team at the helm this will drive out some of the bad behaviours still being exhibited.


  10. "On the way up"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in Birmingham, England (UK)
    Current Employee - Vice President in Birmingham, England (UK)
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Bright enthusiastic employees and turnaround strategy starting to take hold.

    Cons

    Company in midst of turnaround.


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