Deutsche Bank Reviews | Glassdoor

Deutsche Bank Reviews

Updated May 21, 2017
1,011 reviews

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1,011 Employee Reviews

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Pros
  • Very flexible work-life balance (in 315 reviews)

  • Good work environment, employee development (in 149 reviews)

Cons
More Pros and Cons

  1. "Used to be better"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • 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
    Negative Outlook
    No opinion of CEO

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

    Pros

    DB has very good compensation and benefits and has a great vacation plan. It used to be a much better place to work before the financial crisis.

    Cons

    Management does not differentiate between talent especially after the financial crisis when it started firing people without much long-term planning.

    Advice to Management

    Nurture talented employees with long range planning and don't take knee jerk actions based on short term financial pressures only.


  2. "Ok place to work."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Durham, NC
    Current Employee - Anonymous Employee in Durham, NC

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

    Pros

    Decent salary, good benefits and work life balance

    Cons

    Lack of growth opportunity, no serious training or mentoring, bad senior management (all talk no action).

    Advice to Management

    Need to give more support. Need to listen more. Empower your people.


  3. "It's pretty good but need to own career here"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Finance in New York, NY
    Current Employee - Finance in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Not much pressure. People value work life balance a lot so you're in the office all night for many days of the week

    Cons

    Many management layers as a foreign bank. You can end up with a manager or two above you oversees who will have limited exposure to get to know you. This can hurt your chances of promotion

    Advice to Management

    Reduce the layers of management.


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  5. Helpful (11)

    "Staff Augmentation! Come here to be bored."

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

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

    Pros

    There's a free fitness center. There's a cafe. You get lots of vacation. In some teams, you can do absolutely nothing, work 5 hours a day and go home. If you are a mediocre developer, if you can get onto a team on the second floor, you might have a long career there. Bonuses used to be good. Salaries are good. Insurance is good. If you can put up with it working here, you'll have a good chance to be poached by a different company.

    Cons

    The office in Cary is filled with incompetent senior managers. The least competent is at the top, followed by the management team. Why? Because they're cast-offs, or imports from elsewhere. The ones in banking don't understand software development, and the ones in software are the people fired from middle management of other companies.

    This is honestly a dead-end if you want a career. They talk about "expert path" for technical people which doesn't exist, at least not in Cary. You will have no autonomy as all the decisions are made in London and NY. Your senior manager is put in place by those same teams nervous about hiring outside of the hubs, so his job is just to work you until you quit and not to make any noise such as picking good software or practices. Your failure provides them cover to not transfer jobs from their location. They have never promoted anyone in Cary to a senior position- the last three directors weren't even from other Deutsche Bank locations; they went outside the company instead of promote one of the more than 100 existing managers or senior developers. There is a serious flight of talent- other companies are easily able to poach people who are competent, able to work under pressure, and worth every penny of their salary. Speaking of which, you used to get a bonus for all the downsides mentioned above. No more. It depends on the performance of the company to get a maximum of 4%. Take a look at the stock and you'll see how unlikely that is. Diversity is overdone- protected groups can't be fired, and no one cares to take the time to hire good talent, they just want to have bodies to fill their hiring quotas. The center head stood up in front of the employees at a town hall and said he's going to hire 50% women. What happened to equal opportunity hiring? Oh and the fitness center and cafe mentioned as "pro" are just 'meh', but I had to say something nice to fill in that box. Which is what you'll do for several hours a week- mandatory training classes for financial stuff which you'll never use as a developer but bureaucracy rules. The HR team is horrible- they live in a little private area, through a card-key door, so you can't interact with them. If you ask them a question, they'll reply with "call the hotline'. Everyone desk is a 'trading desk', meaning they've crammed people into huge open areas with the same double-monitor and phone on the side of the desks with employees 5-wide and back to back. Even call centers have more room. They've got 800+ people in one building that other residents of the office park have closer to 300 in theirs. If you need time to concentrate on working out a difficult debugging or clever software solution: give up. The noise level doesn't allow it (*See working late or weekends comment). This sardine-like setup also has an unfortunate characteristic of if someone skips a shower, everyone knows it.

    Advice to Management

    Keep hiring senior people from outside the company so you can cement your positions without the threat of more competent existing employees being the obvious choice to replace you. In other words- keep not promoting the employees who know both banking and software. Keep working people on weekends and late hours for the non-existent bonus or recognition award so they quit and you get the chance to build an organization of drones.


  6. "VP"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • 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
    Negative Outlook
    Disapproves of CEO

    Pros

    Great people; nice offices and I loved the two week mandatory time away policy

    Cons

    Under pressure so the employee is the biggest loser

    Advice to Management

    Decide where you want to be; invest there and exit the rest


  7. "Operations Analyst - Former Intern"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Operations Analyst in Jacksonville, FL
    Current Employee - Operations Analyst in Jacksonville, FL
    Recommends

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

    Pros

    Global company with growing presence and ability to move to other positions within a year and every year.

    Cons

    Salary lower than Merrill Lynch and less opportunities for personal development than Merrill Lynch, such as ability for all employees to get Series 7 certified if desired which in DB not all employees are allowed).


  8. "Good place to start career"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Global Technology Analyst in Jacksonville, FL
    Current Employee - Global Technology Analyst in Jacksonville, FL
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    Every process is in detail. Well organized company.

    Cons

    Limited room for getting promoted. especially in Jacksonville, FL office.

    Advice to Management

    Please pay more attention to the grad program. After the first year, give the grad a raise or promotion, otherwise, most of the grads will be gone.


  9. "COO for Fixed Income Operations"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • 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
    Negative Outlook

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

    Pros

    Lots of change management projects to be completed

    Cons

    Management focus is very short term and so funding for long term projects difficult/impossible to obtain


  10. "Operations Analyst"

    Star Star Star Star Star
    • 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
    Approves of CEO

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

    Pros

    Good benefits, decent opportunity for internal moves, good work life balance

    Cons

    Lower compensation than rival institutions, lack of transparency from senior management


  11. "Avp"

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

    Pros

    Legal department is well organized and well run.

    Cons

    Not a lot of interest in retaining or compensating employees.


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