Deutsche Bank Reviews in Sydney, Australia | Glassdoor

Deutsche Bank Sydney Reviews

Updated September 5, 2017
7 reviews

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Sydney, Australia Area (Australia)

3.0
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Deutsche Bank Co-Chief Executive Officer John Cryan
John Cryan
1 Rating

7 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. "Group Finance"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Sydney (Australia)
    Former Employee - Anonymous Employee in Sydney (Australia)
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    - Diverse range of roles, and hence opportunities. Onus on the employee to make use of this
    - Bright people
    - Good compensation, though becoming less so relative to peers as time passes
    - Good benefits (additional leave; parental leave)

    Cons

    - Undergoing a period of transition and restructuring. Currently painful for employees
    - Years of negative press and reduced compensation (relative to peers) have impacted staff morale
    - High expectations for staff, in particular to work outside normal business hours. Impacts work-life balance

    Advice to Management

    - Take action on restructuring rapidly and move back to focus on growth


  2. Helpful (1)

    "Middle Office Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Global Markets Associate in Sydney (Australia)
    Former Employee - Global Markets Associate in Sydney (Australia)
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Great global exposure and training courses. the bank will excel your learning curve in the banking industry and you'll get to work with the latest technology in banking.

    Cons

    Tough culture with management driving top down. Surveys are frequent but there doesn't appear to be any changes or progress to the culture.

    Advice to Management

    Create more team bonding activities away from the office and build up the right cultre to keep your employees happy.

  3. "Investment Banking"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Banking Associate in Sydney (Australia)
    Former Employee - Investment Banking Associate in Sydney (Australia)
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Deutsche Bank full-time

    Pros

    Lots of smart and motivated people with diverse backgrounds. International connectivity.

    Cons

    Work life balance. High level of bureaucracy. Technology not the latest.

    Advice to Management

    Better work life balance can be improved. More career coaching and transparency with strategic plans and changes


  4. "Bit of Both"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - NSW in Sydney (Australia)
    Current Employee - NSW in Sydney (Australia)
    Doesn't Recommend
    Neutral Outlook

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

    Pros

    Lots of support and nice people, decent pay.

    Cons

    high level of bureaucracy and you loose learning

    Advice to Management

    Find a way to get rid of red-tape!


  5. "Fantastic during the glory days of big finance, but faltering now."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Network Engineer in Sydney (Australia)
    Current Employee - Network Engineer in Sydney (Australia)
    Neutral Outlook
    Approves of CEO

    I have been working at Deutsche Bank full-time (More than 8 years)

    Pros

    There's always new work and initiatives to keep you busy; you will never be bored for long.

    Cons

    Promotion is very hard unless you are in the US or UK. There is a lot of cronyism.

    Financial governance is getting out of control, and it's becoming hard to even do simple things.

    Advice to Management

    Ensure the we don't lose sight of pragmatism and efficiency when it comes to financial management, and nurture up-and-coming employees by promoting meritocracy.


  6. "Conservative hierachy but good place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Sydney (Australia)
    Former Employee - Anonymous Employee in Sydney (Australia)
    Recommends
    No opinion of CEO

    Pros

    A fair place to work and management really pushed work life balance for the staff. Financially it was paying at or above market.

    Cons

    Hierachical structure of the bank in the finance department was entrenched. Often had to stay late to finish off reports and systems were not the best.

    Advice to Management

    The One-Bank culture being pushed seemed superficial, promotion or movement to other areas of the bank was very political. If job opportunities were issued to all staff in an open manner it would improve and motivate more staff.


  7. "Great company to work for."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Technology Analyst in Sydney (Australia)
    Former Employee - Technology Analyst in Sydney (Australia)
    Recommends
    Approves of CEO

    Pros

    Good people. Good money. Great working environment.

    Cons

    Limited creativity within the company structure.

    Advice to Management

    keep it up.


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