Deutsche Bank Reviews | Glassdoor

Deutsche Bank Reviews

Updated June 20, 2017
210 reviews

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Deutsche Bank Co-Chief Executive Officer John Cryan
John Cryan
40 Ratings

210 Employee Reviews

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Pros
  • Very flexible work-life balance (in 322 reviews)

  • Good work environment, employee development (in 151 reviews)

Cons
More Pros and Cons

  1. Helpful (1)

    "Not worth your time. Take your skills elsewhere."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in New York, NY
    Current Employee - Associate in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    No good reason... IMO. Run as fast as you can. Because whatever u do... U gonna get a flat 2% worthless bonus.

    Cons

    All the reasons... Run as fast as you can. ..Because whatever u do... U gonna get a flat 2% worthless bonus.

    Advice to Management

    Review the salaries. Try to bridge the salary gap at the time of bonus - don't just give a flat 2% to everyone just because "you know... DB isn't doing as good as we expected"


  2. Helpful (1)

    "Poor Environment"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in New York, NY
    Former Employee - Vice President in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    I liked my team, for the most part. Our division had a great product offering and, had the firm been healthier, business would have been robust.

    Cons

    This is a lengthy list. The firm started to fall into rough shape, seemingly from the moment I got there in 2015. From senior management resignations, to multiple reorgs, the sale of significant business units and many, many fines, the firm fell into disarray very quickly. This doesn't even touch on preexisting deficiencies with technology, controls and, at least in my department, a remarkable lack of work.

    Advice to Management

    I probably can't say anything they don't already know, but I suppose this is for readers. If you want to cure the awful morale issues, you need to start by being honest with your employees. No, you weren't "delaying" bonus payments, you simply weren't paying them. Saying you aren't aware of any upcoming layoffs, while administering them weeks later - yeah that's a lie (I personally wasn't laid off, I quit). The list goes on. While local management was quite good, it was obvious very early that management in Europe had no idea how to get their arms around the firm's issues without a significant disruption to morale.

  3. Helpful (5)

    "Depressing !! Needs serious and urgent revamp."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President in Cary, NC
    Current Employee - Assistant Vice President in Cary, NC
    Negative Outlook
    Approves of CEO

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

    Pros

    Competitive compensation, Brand name, Global presence

    Cons

    Depressing is the only word that comes to mind while sharing my more than 6 years of experience with this company. Despite being a high performer, there is no scope for growth. DB (especially Cary location) is a big NO NO for people with talent. In fact, they are the most unsuited species for its culture. Most of the power controls are in London and NY and they have vested interests in not letting Cary grow. Someone with good potential is targeted, mistreated, given worthless work and eventually forced to quit by exercising their political might. Most of the management (Directors & VPs) are undeserving loyalist who are only rubber stamps, taking orders from their bosses in NY or London and in return they survive the job (and even get promoted). This is helped by the HB2 hiring freeze and the bank's cost cutting measures which limited the growth in Cary. The technical architects (most of them controlling from London & NY) are highly incapable to even designing basic systems but are given a free hand because of their proximity to those who matter at the cost of quality. You can even find vendors architects & managers dominating and mistreating FTEs only because of support they hold from the powerful. Most of the applications in the bank are outdated and badly designed to handle today's needs. The HR and the senior management is well aware of this but has done nothing except for mentioning it in a couple of town halls & interact sessions. On the contrary, starting last year, even the authority of deciding the recognition award & promotion candidates in Cary was given to London & NY panels. This was a final nail in the coffin for Cary's sovereignty to retain good talent and do what is good for them.
    To conclude, the overall atmosphere in the bank is highly political and counterproductive where talented new joiners will only add to a mass of frustrated zombies found everywhere throughout the centre now-a-days.

    Advice to Management

    If there are any actions taken from your level to fix the system, then nothing has changed at the ground level. Remote control model never works especially where there is conflict of interests. Better initiatives need to be taken to empower local management at every location. There is abundance of good talent in the bank which is currently frustrated and wasted due to politics. Appropriate platform should be provided to help talented employees reach beyond the hurdles created by their respective group management and prove themselves at the larger level. The current Internal mobility process is highly ineffective and mostly ends up with the employee vindictively paying a very high price just for choosing to move to a different project. In the current scenario, ideal talented employees who would act in accordance with our values, would find themselves at the bottom of the performance chart.


  4. "Chaotic Environment"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Finance Professional in New York, NY
    Current Employee - Finance Professional in New York, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Decent salary and 5 weeks vacation. The location on Wall Street is a positive. There are some good people. The cons definitely outweigh the pros.

    Cons

    Terribly chaotic atmosphere. There is more talking than doing, so very little actually gets accomplished. Most anything that happens is for appearance rather than actual result. If something is broken you'll hear every reason in the world why it can't be fixed, so you have to just figure out a way to work around it. MDs and many Ds are incredibly arrogant and cause more problems than they realize. They do not inspire or offer any incentive to make things better.

    Advice to Management

    Break up the company into more manageable pieces. It can't hurt since the current strategy is going nowhere.


  5. "Caveat emptor"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Banking Analyst in San Francisco, CA
    Former Employee - Investment Banking Analyst in San Francisco, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    It can be a means to an end, but not to the level of other bulge bracket investment banking platforms

    Cons

    The franchise is completely unstable, and has degraded over the last few years. You will not even get a meaningful investment banking experience due to senior turnover in the last few years in core verticals (Healthcare / TMT), ongoing litigation concerns, and an inability to compete or attract talent. Your seat is absolutely not guaranteed.

    You WILL be expected to work investment banking hours with an investment banking attitude. You will work for unambitious, incompetent managers that have no genuine care for your development (or sanity). The stock's not undervalued; it's just actually that crappy of a platform. I wish you the best of luck if you commit to DB, because you will certainly need it.

    Cons (bulleted):
    - Bureaucracy and face time
    - Horrible hours that are detrimental to mental and physical health
    - Incompetence and lack of leadership at mid level (Associate & VP)
    - No meaningful deal flow or professional development
    - Massive turnover and layoffs at all levels (incl. junior levels)


  6. Helpful (2)

    "Dysfunctional without the FUN"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - EXECUTIVE ASSISTANT/PA in Jersey City, NJ
    Current Employee - EXECUTIVE ASSISTANT/PA in Jersey City, NJ
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Thank goodness for my coworkers. I would've gone crazy a long time ago. An atmosphere like this allows the malcontents to find each other.

    Cons

    This company is so big that EAs are just used to manage calendars, book meetings and submit expense reports. Before the ban on travel (due to cost cutting measures) I used to get to do that too but no mas as of the past year. Information is disseminated via gossip, not discussions with managers. So many long term employees are just milking the teat - "working" from home, hiring consultants to do their job, not being held accountable for little, yet important things, like not responding to emails. The IT Helpdesk is a disaster because no one actually wants to follow through with anything. All of the in-house systems are counter intuitive so much so that I think they were designed to eff with people. The offices are run down and borderline gross - there is always a light bulb out somewhere - and the people in the Jersey City office do not dress professionally (to say the least). Any office non-EU is treated like a red-headed stepchild and there is an air of superiority wafted over from The Fatherland.

    Advice to Management

    Just shoot this dying horse - it would be a mercy killing.


  7. Helpful (6)

    "Assistant Vice President (Technology)"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President in Cary, NC
    Current Employee - Assistant Vice President in Cary, NC
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Compensation is really nice, 401K benefits, Vacations and the accessibility of the area is nice. With cafe and gym it is perk.

    Cons

    Management lacks vision, leadership, very beauraceatic and influencial. If you are straightforward and like to do your work you would find it hard to work with people who haven't been from investment banking background. Many people are just there without competence, lack of roadmaps and vision makes it pathetic place to work for technologist.

    Advice to Management

    Deustche banks major problem is people itself, mostly those tenured one and not moving from any business practice. The whole reason of having such people tends to make the water dirty with politics, influence, lack of leadership and vision. There is no 360° feedback and often repurcations on reaching to senior management.

  8. Helpful (9)

    "Avp"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Vice President in Cary, NC
    Former Employee - Assistant Vice President in Cary, NC
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    No pros. Highly political.. You can't survive if you are straight forward and want to do your work. Desi managers will eat you like he'll.and will expolit you if you are on visa and misuse their powers. And will micro manage you.. Not at all positive env or meet to work. Higher management is of no use. HR is of no use

    Cons

    Very negative env. If you are on work visa never join these company. They will expolit and harass you like he'll. Local management and hr is of no use. Managers misuse their power. Their culture and values are totally rubbish. There is no use of the benifits if you can't work and have peace of mind.

    Advice to Management

    Whole work culture and envoirnment needs to change.


  9. Helpful (2)

    "Not good"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in New York, NY
    Current Employee - Analyst in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Nothing To be Honest. Everyone wants to leave

    Cons

    Everything. Horrible culture. I am leaving ASAP

    Advice to Management

    go take a sabatical and re-evaluate


  10. "Analyst"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Analyst in Baltimore, MD
    Former Employee - Senior Analyst in Baltimore, MD
    Doesn't Recommend
    Negative Outlook

    I worked at Deutsche Bank full-time (More than 10 years)

    Pros

    Benefits, medical, sick time, vacation, personal, holidays.

    Cons

    The management is horrible, the pay horrible unless you become friends w management, bonus what bonuses.

    Advice to Management

    Management should reward employees on what they do and how much they assist ones who do nothing. Not visa versa.


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