Deutsche Bank Reviews in United Kingdom | Glassdoor

Deutsche Bank UK Reviews

Updated July 19, 2017
401 reviews

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United Kingdom

3.4
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Deutsche Bank Co-Chief Executive Officer John Cryan
John Cryan
82 Ratings

401 Employee Reviews

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  1. "Challenging, good work life balance"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in London, England (UK)
    Current Employee - Analyst in London, England (UK)
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Work life balance is good, you can work from home when it is required. Support is there for training ad well.

    Cons

    Bad infrastructure, the management need to work on the downstream flows and upgrade IT requirements. People are not rewarded, they don't hesitate to remove you.

    Advice to Management

    Award the juniors, remove old systems


  2. "work at DB"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Applications Architect in London, England (UK)
    Former Employee - Applications Architect in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    good people in most teams

    Cons

    opportunities for promotion or career progression quiet limited unless one changes jobs to different area of the bank

  3. Helpful (1)

    "Web Developer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Web Developer in London, England (UK)
    Current Contractor - Web Developer in London, England (UK)
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at Deutsche Bank as a contractor (More than a year)

    Pros

    2 days per week from home

    Cons

    Small impact on choosing technologies. Waited 1 month to start contract, I was promised by recruiters to work there minimum 6 months but they terminated after 3 months cause of project end without informing in advance


  4. Helpful (1)

    "Political"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice-President in London, England (UK)
    Current Employee - Assistant Vice-President in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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

    Pros

    Safe environment where access to senior management is provided to juniors

    Cons

    Hard to drive much needed change. Unclear objective and team mandates drives a lot of political challenges

    Advice to Management

    Cut bureaucracy and make people accountable with clear mandates


  5. Helpful (1)

    "Compliance Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Compliance Analyst in London, England (UK)
    Current Employee - Compliance Analyst in London, England (UK)
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    - Good working hours
    - Really Good salary
    - Growing area - a lot of opportunities for juniors
    - Relaxed environment with nice colleagues

    Cons

    - Due do the difficult times of the company the morale of employees is low
    - Communication with senior management could be improved


  6. "Big name, Small mindset!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in Birmingham, England (UK)
    Current Employee - Associate in Birmingham, England (UK)
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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

    Pros

    - Great progression opportunities
    - Tons of roles at multiple locations worldwide
    - Great exposure to a global audience via projects that span the whole globe
    - Serious push from Senior Management to contribute in non-work activities - volunteering, challenges, charity work etc
    - Good general day-to-day IT for staff usage (not to be confused with the shabby IT architecture)
    - Good company benefits which doesn't cost a penny to a permanent employee

    Cons

    - Lower than expected pay. Equivalent pay in the market for my role is £5k more than what I'm paid here
    - Poor work/life balance - none at all. May be this is just confined to the division I work in, but the house rules are from a bygone era - wearing ties; 5 days from office working; 9-6 hours; expected to sit at desk even when there aren't any tasks to do
    - In addition to your day job, you are expected to do extra activities to be 'visible' to senior management - a subtle term for back kissing
    - Senior managers have a separate office to other employees; seriously, I haven't seen such a set up since an 80s movie
    - If your role doesn't require a mandatory course/leaning, it's very hard and onerous to persuade layers of management about a development opportunity, better off paying for it yourself
    - There is hardly any 'tone from the top' messages. I am yet to be on invited to a session directly addressed by CEO or his direct reports

    Advice to Management

    Train your managers to improve work/life balance by educating them on how to trust their team. It's treated as a luxury to work from home at DB, change this mindset, it helps a lot with productivity, not to mention the cost saving at the office.
    Instead of deterring, encourage your employees to take up development opportunities that are consistent with their target role/position.
    Putting everyone on a 40 hour week irrespective of their role is non-sensical. I have previously worked at organisations where you are in the office/at work if there was a need to be, not just to clock hours. This makes them miserable and prone to jumping ship.


  7. "Support"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Technical Support Engineer in London, England (UK)
    Former Employee - Technical Support Engineer in London, England (UK)
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    OK not too bad tho

    Cons

    Long hours some times not always

  8. "dbPalace"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Release Manager in London, England (UK)
    Former Employee - Release Manager in London, England (UK)

    I worked at Deutsche Bank (More than a year)

    Pros

    Value driven, amazing team and people, good culture, fast paced

    Cons

    Nothing that needs a mention


  9. Helpful (2)

    "Not a bad place to learn about IB but not for the long-term"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President In Control Function in London, England (UK)
    Current Employee - Vice President In Control Function in London, England (UK)
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    Mostly smart and friendly colleagues who try hard to do the right thing.

    Reasonable hours (at least in Infrastructure).

    Still a good brand to have on your CV notwithstanding the never-ending string of scandals!

    Challenging work and opportunity to get hands-on experience and take ownership of matters (at least in Infrastructure).

    Good internal trainings on a broad range of topics.

    New Canary Wharf office is a massive improvement for the London-based folks working in Infrastructure areas (as long as you can stomach the extra commute!).

    Move to virtualised desktops is slowly but steadily making the end-user IT more stable and reliable.

    With many of the major litigations settled, the atmosphere seems to be steadily improving from the crisis that followed Anshu Jain's reign. At least for now, DB is no longer on the blink of extinction.

    Cons

    Extremely bureaucratic. All decision making is painfully slow, and many parts of the bank operate in a very chaotic and often haphazard fashion (at least when looked at form Infrastructure perspective).

    Policies and procedures are unnecessarily complex and inefficient (whoever designed DB's "3LOD" model is just as bad as Anshu Jain and should be hung and drawn in quarter - it has resulted in too many people taking a "blame someone else, it's not my problem" attitude).

    Some parts of Infrastructure is rather top-heavy and once you get to VP/D, there won't be much room for further progression.

    Promotion criteria/timeline is opaque. The claim as to meritocracy does not apply universally across all areas.

    Although John Cryan seems to be trying hard, management is still not open and transparent enough to engender genuine trust from the rank and file of the staff who still keep this wounded behemoth running. The March 2017 comp round could have handled way better if they were simply blunt and honest about it.

    The crap and ridicule DB gets on efinancialcareers/dealbreaker can be rather demoralising at times (even if it can be amusing!)

    Advice to Management

    Remove the silos and make more people accountable - it gets in the way of getting things done.

    Overhaul the over-engineered and unnecessarily complicated 3LOD model - it's stifling the whole DB.

    Get smarter in cutting costs - reduce the excess resources waste. Shifting costs from one cost centre to another or switching fixed headcount to contingent/temporary resource and pretending that there is cost saving is delusional, as evidenced by the costs ratio which remains stubbornly high and ROE which remains stubbornly low.

    Look straight into the mirror long and hard - the areas that really need to be fixed should be obvious.

    If you really want DB to be a truly "global" bank, do something about the entrenched and inflexible German-centric views some people Frankfurt likes to adopt from time to time (they are on the whole a minority, but a significant minority nonetheless).


  10. Helpful (2)

    "Deutsche Bank London"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in London, England (UK)
    Current Employee - Anonymous Employee in London, England (UK)

    Pros

    Collaborative and innovative culture is conducive to development. Cross-functional collaboration is encouraged at all levels.

    Cons

    Cost discipline could be improved, notably in terms of technology development. Bank-wide initiatives should be encouraged and proactively adopted by all departments.

    Advice to Management

    Rationalisation of cost is the primary driver at the moment. This will require careful rebalancing of our portfolio in order not to impact on long term growth.


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