Deutsche Bank - Could be so much better. | Glassdoor
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There are newer employer reviews for Deutsche Bank

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Helpful (15)

"Could be so much better."

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

I worked at Deutsche Bank full-time (More than 3 years)

Pros

If you're on the right team, everything is great. Mobility opportunities, advancement opportunities are plentiful as well - on the right team. Very easy to network with colleagues in other locations to build a personal network that is global. For a strong willed person, it is very easy to flourish.

On the right team, work life balance is perfect. You could not ask for better.

Compensation is great as well for the market, although it will need to be adjusted upwards over the next few years to account for new competitors.

Smart, talented people are the norm.

Very strongly defined set of company values.

Cons

Customer-centricity is the new push as a corporate value, but is little more than lip service on the ground. No KPIs have trickled down from the ExCo as to how this should be measured.

The organization as a whole is too top heavy. Constant emails from different ExCos about people we have no interaction with changing job roles and taking over responsibilities that aren't even obliquely related. This happens almost monthly, to no real benefit.

Constant re-orgs allow incompetent employees to hide and maintain their status. Little to no accountability for teams that manage vendors - the vendors always fail to deliver, and the teams managing them get away with it because of the constant re-orgs.

Tech projects are almost always top heavy. Too many people with no idea about what it takes to build a product involved in the process giving invalid opinions, trying to be the smartest person in the room. Too many meetings, too much design by committee. Projects run over budget and under deliver as a result. Business partners aren't held accountable for the failure and move on to new projects to continue the cycle of ruination.

Obstructionism by teams in other locations doing similar work is common. Land grabs for projects and people occur constantly with the re-orgs, allowing empires to be built. Middle management seems to solely be concerned with owning projects instead of delivering value.

Advice to Management

Pick a strategy and stick to it. Stop re-orgs at the top for a period and clear out the rot underneath. There are plenty of teams under delivering that have hidden for far too long and need to be held accountable. Invest in IP at an institutional level and stop letting vendors drive projects. They always fail. Bring in more talent to innovate, but also train and retain that talent. Continue flogging the dead weight in London and NYC. There is plenty of it that still needs to go, and it's costing you way more than you realize.

Other Employee Reviews for Deutsche Bank

  1. "competitive environment to work there"

    StarStarStarStarStar
    • 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
    Neutral Outlook
    No opinion of CEO

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

    Pros

    the competitive environment makes everyone to make all effort to excel. people there in general are quite nice and professional. The dress formal is quite good to work there.

    Cons

    the organization up-down structure with local and Europe leadership is confusing.

    Advice to Management

    reduce the leverage and increase the capital


  2. "Team environment"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in San Francisco, CA
    Former Employee - Anonymous Employee in San Francisco, CA
    Recommends
    No opinion of CEO

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

    Pros

    Good People, very team oriented

    Cons

    glass ceiling, it is difficult to move up

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

See Most Recent

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