Deutsche Bank - Toxic, soul crushing for anyone with the desire to be in real investment banking | Glassdoor
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Helpful (8)

"Toxic, soul crushing for anyone with the desire to be in real investment banking"

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

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

Pros

OK benefits, cost of living in jacksonville is cheap (not an excuse for terrible salaries), short commute time.

Cons

The atmosphere throughout most of the Jacksonville site is toxic. Turnover is very high. The only people that stay for very long are those that have given up on something better, local yocals from UNF or some community college that can't find anything better or the lunatics that have taken over the asylum. The underlying cause as far as I can tell is the complete lack of hiring standards and the poor wage. I've seen several recent hires (these are all college grads mind you, or so i've heard) that cannot spell the simplest of words or even know how to use EXCEL. Almost every single job at DB requires one to use excel for 50% of your day or more. Hiring managers will lie to your face during the interview to make you believe you have a shot a moving up through deligence and hard work. You can personally save the bank hundreds of thousands of dollars a year and you'll be lucky to receive a 3% raise at the end of the year. 3% of 33k is garbage. Seems like almost all the middle management has been promoted into their position because they didn't know how to do any actual work and the company didn't know what else to do with them. Also, if you're one of the unlucky ones you can be placed onto a team that requires you to work 60+ hr a week. Of course you cant be required to work that many hours but good luck at ever getting a promotion without it.

Advice to Management

Pay more, pay more, pay more. Promote people based on what they actually accomplish and not based how good friends you are or how long they have been working there.

And for the love of god, grow a pair and can the losers that don't contribute anything,

Other Employee Reviews for Deutsche Bank

  1. "A well run company"

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

    I worked at Deutsche Bank full-time (More than 10 years)

    Pros

    Was able to have a career there. Had many jobs throughout the years. It was less formal

    Cons

    Becoming more formal depending on your role. The work life balance was not great.


  2. "Good Company with Plenty of Problems Right Now (New York Office - 60 Wall Street)"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Applications Developer in New York, NY
    Former Employee - Senior Applications Developer in New York, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Traditionally conservative culture. Good technical level of majority of people. All range of products and technologies you can work with.

    Cons

    Due to huge losses in Europe, they lost a lot of people for the last 4 years and the work load for the rest is unbearable now. The pressure increased dramaticallly where the working weeks in some IT groups (in my particular) was over 70 hours/ week including weekends. People are being treated much worst than it was several years ago. Promisses of good bonuses currently is a lie, some departments such as structured securties lost a lot of good managers and is completely mismanaged.

    Advice to Management

    Reevaluate current policy regarding people and enforce internal polices to keep core people.


There are newer employer reviews for Deutsche Bank
There are newer employer reviews for Deutsche Bank

See Most Recent

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