Deutsche Bank Reviews | Glassdoor

Deutsche Bank Reviews

Updated July 24, 2017
444 reviews

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

444 Employee Reviews

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Pros
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More Pros and Cons

  1. Helpful (1)

    "Stop Low balling Empoyees on Pay."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - KYC Analyst in Jacksonville, FL
    Former Employee - KYC Analyst in Jacksonville, FL
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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

    Pros

    Great Management Team in Jacksonville, Florida

    Cons

    Corporate expects you to work long days with no OT. They overload you and expect you to do it all in a day. When I went on as a permeant employee they forced me to show my W2 from previous jobs. Then low balled me in the pay claiming I will get it back in bonus. They offered me $57,000. Once I found another job I left. Doing same exact job now with less work making $68,000. My advice to new employees get your money up front for pay because bonus is non existent and you will be stuck with that pay for years.

    Advice to Management

    Stop low balling employees on pay because they started out temp. You loose talented employees that way.


  2. "Okay for a corporate grind"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Client Service Associate in Century City, CA
    Former Employee - Client Service Associate in Century City, CA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Good benefits and seems like they pay okay. This is probably because of the German ties. At the end of the day, it's still a bank.

    Cons

    Fast paced but unorganized. Management was good with day to day - not so good with long term view.

    Advice to Management

    Find a better way to attract and retain young talent. I saw this place as a revolving door for 18 months. Sad.

  3. Helpful (6)

    "Assistant Vice President - Software Engineer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Software Engineer in Cary, NC
    Former Employee - Senior Software Engineer in Cary, NC
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    Flexibility, work/life balance, good physical work environment, good at finding smart people, a lot of potential to be a great place to work, some managers work hard at career development for their reports

    Cons

    Management blind to poor development team dynamics, excessive compliance training not applicable to role, changes to bonus compensation and pathetic payouts this year have destroyed morale, computing/development environment too restrictive and hurts productivity

    Advice to Management

    Management is good at hiring smart people, but not so good at putting together teams of smart people that can work well together.

    Change the bonus plan to something closer to what it used to be. Working for a low target percentage and then delivering less isn't going to get you happy, motivated workers, especially when they have to deal with excessive barriers to productivity.

    Invest more in IT/project infrastructure so your development staff doesn't have to develop around the shortcomings in the architecture and instead concentrate on delivering real functionality.


  4. Helpful (3)

    "Long term prospects are not great"

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

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

    Pros

    Good benefits (healthcare, 401k, etc.).
    Good annual leave.

    Cons

    Massively bureaucratic.
    Poor promotion prospects beyond a certain level.
    Poor morale.


  5. "Vice President"

    StarStarStarStarStar
    Former Employee - Vice President in New York, NY
    Former Employee - Vice President in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Deutsche Bank (Less than a year)

    Pros

    - Fast Paced
    - Smart Co-Workers
    -Good location

    Cons

    - Upper management lacking
    - Very stressful work environment

    Advice to Management

    - Don't really have any, treat lower level people better


  6. Helpful (5)

    "Software Engineer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Software Developer in Cary, NC
    Current Employee - Software Developer in Cary, NC
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    - you get 18 weeks of paid maternity leave if you have a child
    - If you happen to get on the right team, this is not a bad place to work.
    - Great medical insurance

    Cons

    - 1 week of paternity leave
    - good teams are few and far between
    - Exceptional workers are few and far between
    - medical insurance is pricy
    - Company is stingy with perks. For instance, Christmas celebrations and what not came out of our own pockets, no paid first day lunch, etc.
    - Developers have a lot of red tape to deal with that makes development more difficult
    - Full time developers are treated as if they are another contracting agency by the business
    - not enough bathrooms :)

    Advice to Management

    - Make agile a priority bank wide
    - Remove red tape for developers
    - Stop treating full time developers like contractors


  7. Helpful (2)

    "Senior manager was unqualified"

    StarStarStarStarStar
    • 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 8 years)

    Pros

    Decent culture but changed for the worst over the years. Good vacation policy. Flat organizational structure at least within some of the individual group.

    Cons

    Lack of transparency. Senior management hired from competitors didn't contribute and left as soon as their guarantees expired. Doesn't invest in their most important asset - people. Underpaid relative to the street.

  8. Helpful (1)

    "Vice President"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Jacksonville, FL
    Current Employee - Anonymous Employee in Jacksonville, FL
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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

    Pros

    Convenient location outside of downtown, good opportunities in some areas.

    Cons

    If you are not labeled immediately as a Sr. Mgmt favorite, then move on. You will be stuck forever. Stock is plummeting - no bonuses for last two years and threat of nothing in year three. Massive layoffs and horrible morale.

    Advice to Management

    Tone down blatant favoritism towards those earmarked with potential by Sr. Mgmt.


  9. Helpful (2)

    "don't relocate with them as a voluntary expat"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Developer in New York, NY
    Former Employee - Developer in New York, NY
    Doesn't Recommend
    Negative Outlook

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

    Pros

    work life balance is amazing, especially if you work in Frankfurt. Even in NYC work life balance is better than in London
    They tend to get good talent so you will frequently work with bright people and it's a great way to grow.

    Cons

    Your career is tied to how well your manager likes you. if he packs and leaves, will be hard to advance
    biggest downside is that HR isn't honest about important topics when relocating and offer zero assistance to acclimate for dependents. They also tell you that they don't offer full or half expat packages, only voluntary expats at AVP level which is not true
    another big downside is their tech stack. They hire a bunch of incompetent cheap indian labor at support which means if you are a developer or business analyst, you will bang your head against the wall alot
    indian managers in tech hire indians, despite if candidate is competent or not and have no problem spending thousands sponsoring green cards, it's pretty bad

    Advice to Management

    hire and pay based on competence, get rid of technical debt
    be honest when relocating people


  10. Helpful (2)

    "Decent Environment"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Former Business Analyst in Jacksonville, FL
    Former Employee - Former Business Analyst in Jacksonville, FL
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    -Great people to work with within some teams.
    - Visual surrounds pleasant to eyes.
    -Amazing benefit packages.

    Cons

    1. Management worried more about self not development of employees 2. Pay raises? Joke. 3. To many people preferring FaceTime in office politics instead of making output product better. 4. IT structure is archaic. 5. No clear objectives. 6. No one in management wants to take a lead for change, comfortable in staying in same place, hinders growth.

    Advice to Management

    Step-up of self enclosed world and focus on your people who actually do the work, not those who play kiss up and jockey for face time and give empty results with smiles.


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