Deutsche Bank Reviews | Glassdoor

Deutsche Bank Reviews

50 reviews

Filter

Filter


Employee Reviews

Sort: Popular Rating Date

Pros
  • Very flexible work-life balance (in 294 reviews)

  • Good work environment, employee development (in 143 reviews)

Cons
More Pros and Cons

  1. "Good culture"

    Star Star Star Star Star
    • 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
    Approves of CEO

    Pros

    Great people and international atmosphere.

    Cons

    Demanding hours, terrible systems, and high employee turnover

    Advice to Management

    More campus recruiting to build a stronger company commitment among employees


  2. Helpful (1)

    "Great plac eto get your career going"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst - Technology in New York, NY
    Current Employee - Analyst - Technology in New York, NY
    Recommends
    Approves of CEO

    Pros

    - Nice Co-workers
    - Nice salads in the cafeteria
    - They recognize and support talented people
    - Quite diverse in the lower ranks

    Cons

    - Lack of diversity as you move up
    - A lot of administrative overhead in getting things done
    - Difficult on-boarding process

    Advice to Management

    Open up to the way modern companies like Google treat their employees. Good health / financial benefits is not all we need. Provide spaces to take naps, give free healthy lunches, start a gym in the office, etc. There are many things you could improve on in this regard.


  3. "DB has great work/life balance"

    Star Star Star Star Star
    • 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
    Approves of CEO

    Pros

    The organization follows the European attitudes towards work life balance. Time off and flexible work schedules are usually not a problem. Most of the people are great to deal with.

    Cons

    Compensation is below market rate (at least in IT). Additionally, they are aggressively looking to outsource/off shore any thing they possible can. This leads to very poor moral and a feeling of just trying to get by day-to-day.

    For IT, the center of the universe is London, then Frankfurt, and finally NY. Get use to it.

    Advice to Management

    Instead of always trying to define global standards and initiatives’, that never seem to make it into production (or at least they take a very long time), give regions some autonym to make more decisions. This would enable them to meet the needs of the local business requirements.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. "Deutsche Bank PWM-US"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director - Product Marketing in New York, NY
    Current Employee - Director - Product Marketing in New York, NY
    Approves of CEO

    Pros

    Very committed to women's issues and global microfinance. High quality of people in general. Generous in work/life balance issues.

    Cons

    Private Wealth Management is top heavy. Management is insular. Eurocentric. Pay/bonus is subpar

    Advice to Management

    Stop navel gazing. Intermingle with the masses for ideas.


  6. "Sailing the Financial Seas well"

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

    Pros

    Good management strategy in troubled times

    Cons

    Bureaucratic HR processes; followed by poor / rushed communications

    Advice to Management

    Management handling of the company approach during the financial crisis has been right on the money - DB one of the few banks that made it through (relatively) unscathed


  7. "DB - a solid place to work."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in New York, NY
    Current Employee - Vice President in New York, NY
    Recommends
    Approves of CEO

    Pros

    DB is a seemingly great comany. Senior managment takes its role to develop strategy and communicate to employees very seriously. Generally impressed with the people who I work with or interact with. Compensation is on par or better and the benefits are the best that I have experienced. Lastly, the company takes diversity very seriously.

    Cons

    DB however is a massive firm with over 78k employees. Trying to progress through a firm of this size is difficult without having a great network or through nepotism.

    Advice to Management

    Keep it up.


  8. "Good work culture , high growth potential."

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

    Pros

    Good work Culture
    Information sharing
    Excellent people
    Good work life balance culture

    Cons

    Bad Pay package , you need to be close to your boss to get paid.

    Advice to Management

    Need to bring more transparency around HR processes


  9. "Friendly place, but lack of structure."

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

    Pros

    Collegial, relaxed atmosphere, down-to-earth. Very global focus. You can have a really good experience if you're in the top groups.

    Cons

    Feedback/evaluation system and compensation scheme are unrelated. There is a lack of structure here for developing junior resources and little to no career development for mid-level people--your basically on your own to learn on the job.

    Advice to Management

    Compel MDs to care about junior resource development and get involved in it. Most of them are hands off and solely focused on clients not franchise building.


  10. Helpful (2)

    "Overall, positive experience at Deutsche Bank."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Business Analyst in Chicago, IL
    Former Employee - Business Analyst in Chicago, IL
    Recommends
    Approves of CEO

    Pros

    Deutsche Bank is a good company to work for many reasons. Their compensation (401K, Time off, flexibility, Medical benefits) are quite good. In addition, the atmosphere is quite friendly and relaxed. During my time at the bank, I made a lot of friends and gained a lot of useful knowledge and experience that I will be able to take with me into my next career.

    Cons

    I personally did not have many negative experiences within the Bank. The only downside I did witness was that it was difficult to move up to a higher job title. It normally took years before upper management would promote you. Instead, the Bank was often content to higher someone outside the company for a position versus promoting from within.

    Advice to Management

    My only advice would be to promote employees to a higher position before looking to fill the role outside the Bank. Asking a DB employee to wait years to be promoted versus filling the position with someone from another company should be reviewed.


  11. Helpful (3)

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

    Star Star Star Star Star
    • 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.