Deutsche Bank Reviews | Glassdoor

Deutsche Bank Reviews

Updated September 25, 2017
3,179 reviews

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3.3
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Deutsche Bank Co-Chief Executive Officer John Cryan
John Cryan
618 Ratings

3,179 Employee Reviews

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Pros
Cons
  • Good work life balance but you need to put in the effort to advance (in 133 reviews)

  • long hours especially in corporate finance (in 146 reviews)

More Pros and Cons

  1. Helpful (1)

    "Deutsche bank? Try somewhere else"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President - Technology in New York, NY
    Current Employee - Assistant Vice President - Technology in New York, NY
    Doesn't Recommend
    No opinion of CEO

    Pros

    Compensation is ok.. People are nice and hard working for the most part. DB may be a good way to get your foot into the Investment banking world, but DB isn't a place that you will likely stay.

    Cons

    Management / opportunities for advancement are minimal. Management is only looking out for themselves - which happens elsewhere too but DB Mgmt is not wise enough to see that treating employees well will pay off by getting loyal, hard working people. Instead, it's typical to use someone up, and they'll quit. Then Mgmt has to train someone else to do the job. Advancement is basically nill - you can only really advance if someone higher than you quits (which does happen fairly often but even so, you aren't guarenteed a promotion - even if you deserve it and are very capable of performing the position.

    Advice to Management

    Take a look at what you've got - invest in them so you don't have a high turnover and you'll wind up with some loyal, hard working devoted employees.. Keep treating us the way you do and nothing will change - you'll spend a lot more training new people who are only going to quit in a short period of time anyway.


  2. "Things could be better..."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President Senior Auditor
    Current Employee - Assistant Vice President Senior Auditor
    Recommends
    Approves of CEO

    Pros

    has a good brand name, and there are chances for mobility across different countries and departments should you be interested in moving around

    Cons

    the organization is so large, you can easily get lost in the shuffle.

    Advice to Management

    Need to identifiy and recognize talented and loyal people in order to retain them

  3. "You will find yourself working late hours in a very employee unfriendly environment so I cannot recommend DB."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Hedge Fund Administrator in Carlsbad, CA
    Current Employee - Hedge Fund Administrator in Carlsbad, CA
    Doesn't Recommend
    Disapproves of CEO

    Pros

    - Some positions give you the opportunity to travel. Deutsche Bank has office locations in many countries across the globe.
    - Typical large company benefits. Medical, Dental, Vision
    - 3-4 weeks paid vacation, depending on position.

    Cons

    - You are expected to work very late hours. Not very work - life balance friendly.
    - Salary adjustments and promotions given once a year across the entire bank. No exceptions.
    - Very strict compliance department. You must move all bank, 401k, IRA, etc accounts into Deutsche Bank accounts.
    - Upper management spends needlessly and is not efficient at controlling costs
    - Not employee friendly and management is terribly inefficient.
    - Staff is not rewarded or given credit for hard work / Your performance is not linked to your salary

    Advice to Management

    Please take some time to listen to your employees and compensate them fairly for their hard work and dedication.


  4. "Dissappointing Deutsche Bank"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President Technology
    Current Employee - Vice President Technology
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Good health benefits and global presence for resume

    Cons

    Chaotic environment with no real direction from top management. Ingrained level of MD's and Director's who have become untouchables. Competence is not rewarded, status quo is.

    Advice to Management

    Restructure from the top down. There are many junior people who are sincere and want the bank to succeed, the MD's at the top just want to keep their turf.


  5. Helpful (2)

    "An incredible oppoportunity that turned out to be my worst career move with my worst boss/employer in 15 years."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in New York, NY
    Current Employee - Associate in New York, NY
    Doesn't Recommend
    No opinion of CEO

    Pros

    DB paid for the best talent and it has it. They are the banks greatest asset.

    Cons

    The bank is unable to differiniate talent, assets and egos. It's struggling with globalization and heavy with bureacracy. Additionally, when senior management is frequently seeking out the advice of HR it is a sign that there is something terribly wrong with a company.

    Advice to Management

    Get to know your employees. Not just the other senior managers. Additionally, when employees were taking cuts in the their bonuses, it was very interesting that a senior manager was able to buy into a Cricket Team. I'm sure he's very proud of himself. Though clearly he has no sensitivity whatsoever to the thousands of DB employees and their families who will have to cut corners to make ends meet this year. This might be expected from your average Trader, but not senior management and this type of ego maniac is what rules this institution.


  6. "Not what I thought it would be."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Hedge Fund Administrator in Carlsbad, CA
    Current Employee - Hedge Fund Administrator in Carlsbad, CA
    Doesn't Recommend
    No opinion of CEO

    Pros

    It's definitely a great place to learn about the hedge fund industry.

    Cons

    -The culture has changed overnight after the salary freeze for the coming year(s).
    -Nobody within the office really cares to go the extra mile anymore.
    -Compensation is poor compared to competitors in the industry.
    -Management is decent at best; poor asset management as well as talent retention.
    -Bonuses were minimal due to bad bets.

    Advice to Management

    -Your employees are your best assets. By not paying them anywhere near market rate, the quality of work will be reduced. This will lead to unhappy clients. Once clients start leaving, your bottom line suffers. This is a no-brainer.

    -Send your managers/directors to management school/training. They seem to have no clue in what they're doing when it comes to managing people under them.

    -What will happen when your best employees leave?


  7. "Aggressive, aspiring in the US"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    No opinion of CEO

    Pros

    Top level management are making the right kind of noises about expansion in the US market
    and mid to long term strategy.

    Cons

    -Too much politics
    -Not hiring the right kind of people needed to take the bank forward
    -It's more who you know than what you do to go far

    Advice to Management

    -Be aware of losing good people who are getting sidelined because of unnecessary politics
    -Be wary of too much expansion in terms of headcount, many of the new hires don't necessary add value to the bank

  8. Helpful (4)

    "Deutsche Bank - a good place to acquire skills for use at another company!"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate- Asset Management in Chicago, IL
    Former Employee - Associate- Asset Management in Chicago, IL
    Doesn't Recommend
    No opinion of CEO

    Pros

    - tuition reimbursement
    - tons of pto
    - looks good on resume
    - inexpensive health care
    - overall excellent benefits package
    - a good place to gain experience for use at other companies

    Cons

    - miles of red tape
    - management does not trust employees - they literally have to know where you are and what you are doing at all times. I witnessed managers looking through cracks in bathroom stalls to find a person. They keep files with records of when employees come and go throughout the day.
    - DB does not empower it's employees - they don't trust their people to get the job done without extreme micromanagement.
    - management seems incapable of making effective, timely, decisions.
    - dated, 30 year old systems supported by inept IT support (tata consulting)
    - Deutsche Bank was involved with the Nazi's
    - inconsistent review procedures and expectations
    - if you are not tight with your boss you will go nowhere - they will promote from outside.

    Advice to Management

    Empower your employees. Take more responsibility for your criminal actions of the past.


  9. Helpful (4)

    "DSR Cary is not what they promised !"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst - Technology in Cary, NC
    Current Employee - Analyst - Technology in Cary, NC
    Doesn't Recommend
    Approves of CEO

    Pros

    A decent starting place for new graduates to learn the IB

    Cons

    Management is confused what they are doing

    Advice to Management

    confused,


  10. Helpful (1)

    "Extremely dissatisfied with the level of favoritism and improper use of authority."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    No opinion of CEO

    Pros

    Large institution which has all areas of banking and finance, just make sure you are not in the asset management arm.

    Cons

    Management communication was non-existent with superiour's hording information for their own personal gain. Trading desks were encouraged to not associate with other desks.

    Advice to Management

    There should be a concerted effort to evaluate managers on at least a yearly basis if there is no communication from the personal to the higher-ups.


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