Deutsche Bank
3.4 of 5 1,024 reviews
www.db.com Frankfurt, Germany 5000+ Employees

Deutsche Bank Reviews

Updated Apr 15, 2014
All Employees Current Employees Only

3.4 1,024 reviews

                             

77% Approve of the CEO

Deutsche Bank Co-Chairmen & CEO Jürgen Fitschen & Anshu Jain

Jürgen Fitschen & Anshu Jain

(235 ratings)

68% of employees recommend this company to a friend
1,024 Employee Reviews
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Review Highlights

Pros:
  • "Interesting Projects with a strong focus on work-life balance"
    in 82 reviews
  • "Wide network, really intelligent people, human working environment"
    in 53 reviews
Cons:
  • "The work life balance is crap and if you want to transfer between teams forget it"
    in 34 reviews
  • "Long hours; potential adverse effects on social life and personal relationships;"
    in 49 reviews
  • Show more review highlights

Reviews

  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
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  • Disapproves of CEO

 

Sinking Ship

Anonymous Employee (Former Employee)

I worked at Deutsche Bank full-time for more than 3 years

Pros-Global Bank with strong brand name

ConsManagement continues to retain & pay under-performing staff, and in doing so has not left enough money to pay and incentivize star performers.

Bonus caps, underpayment relative to other banks, and outrageous deferral structures means that DB will not be able to compete for talent.

DB is the only bank which has failed to make any effort to improve lifestyle for employees or even acknowledge the issue.

Summary: You will get paid more at all levels at any other major bank. Business is declining precipitously and morale is extremely low.

Advice to Senior Management--Remove under-performers and expensive MDs who do not produce
--Improve lifestyle & culture given that you have decided to underpay versus all other banks
--Have more awareness of how unhappy the majority of the bank is

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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A great place to start your career

Assistant Vice President - Technology (Current Employee)
Cary, NC (US)

I have been working at Deutsche Bank full-time for more than 3 years

ProsGood pay
Excellent benefits
Opportunities to learn about the business of investment banking
They hire really smart, talented people
People for the most part are very nice and fun to work with
There are a variety of interesting products you might work with

ConsIt is extraordinarily political and almost impossible to get ahead by just quietly doing your job. You have to promote yourself constantly which can be uncomfortable for introverts.
There are some huge egos to contend with in management. If you make one of them mad, it will not go well for you.
There are constant re-orgs and so management and management initiatives change frequently
Lack of consistancy in process
Lack of process
No real knowledge management to speak of. You are told to look at the code and figure out what you need to know.
Heavy bureaucracy means it takes a long time to do anything. The hiring process takes months.
There is a stated initiative aimed at getting rid of the more experienced employees and hiring new graduates and people early in their careers.

Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

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Lean company with lots of cost cutting

Assistant Vice President - Middle Office (Current Employee)
New York, NY (US)

I have been working at Deutsche Bank full-time for more than 3 years

ProsGlobal bank with opportunities across the world. Internal mobility is highly encouraged within most groups.

ConsExtreme cost-cutting. Moving tons of jobs out of NYC, forcing employees who move to take lesser salaries. Systems are horribly archaic.

No, I would not recommend this company to a friend

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Ok company

Assistant Vice-President (Current Employee)
Mumbai (India)

I have been working at Deutsche Bank full-time for less than a year

ProsCompany is decent with good benefits and facilities. However very political organization and lot of beurocracy. Work culture is good.

ConsBurecratic organization and lot of politics. Bonuses are very low in other divisions like finance etc so do not go by their variable pay promise

Advice to Senior Managementincrease bonuses in other functions or tell clearly upfront that bonuses will be low. HR misguides people by telling different bonus amounts

No, I would not recommend this company to a friend

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No scope for career advancement

Anonymous Employee (Current Employee)

I have been working at Deutsche Bank full-time

ProsFriendly colleagues.
Acceptable starting salary.
Good benefits and bonus.
Use the company for experiance and look to move on.

ConsPromotion rules set by HR are too tough.
Lack of career mobility or advancement.

Advice to Senior ManagementPick people based on talent and experiance, and not your favourites.

No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

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Winter Internship

Winter Internship (Former Employee)
Seoul (South Korea)

I worked at Deutsche Bank as an intern for less than a year

ProsWell organized program. You can experience all department even if you work for a certain team.

ConsToo short period.
Since it was not a official summer/winter analyst/associate, the conversion to full-time opportunity was almost zero.

Yes, I would recommend this company to a friend

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Most exclusive springweek of the industry and overall a Pretty good programme for those who want to know what IB is like

Springweek Intern (Former Employee)
London, England (UK)

I worked at Deutsche Bank as an intern for less than a year

ProsGood organisation, friendly recruiters, plenty of networking, was at a very friendly desk

ConsAlmost no social events for the interns

Yes, I would recommend this company to a friend

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Very professional workplace, very competent staff

Compliance Systems Business Analyst (Former Employee)
New York, NY (US)

I worked at Deutsche Bank as a contractor for less than a year

ProsIncredibly smart people work here and there is so much to lean from them. An a personal level, I've found them to be very patient and willing to help with advice and direction when needed. The environment is fast paced but not overwhelming.

ConsStaff can be competitive. With such a talented pool of professionals, standing out is not easy.

Advice to Senior ManagementWhen staff members indicate that they would like to pursue outside training to improve their performance, encourage it.

Yes, I would recommend this company to a friend

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Good Working Environment

Anonymous Employee (Current Employee)

I have been working at Deutsche Bank

ProsFliexible to work at home when needed

ConsMobility isn't as easy as it seems although it's always being promoted.

Advice to Senior ManagementPlease give out better compensation before everyone start leaving

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Positive experience with great colleagues and management

Vice President (Current Employee)
New York, NY (US)

I have been working at Deutsche Bank full-time for more than 5 years

ProsDB has great benefits all around. The Global Markets desk generally have a strong work hard, play hard mentality. Opportunity for fast career advancement.

ConsHad some negative experiences with direct managers who were irrational or unfair and would like to see a better mentoring program for young performers.

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