Deutsche Bank Reviews

Updated 28 August, 2014
Updated 28 August, 2014
1,187 Reviews

3.3
1,187 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Deutsche Bank Co-Chairmen & CEO Jürgen Fitschen & Anshu Jain
Jürgen Fitschen & Anshu Jain
292 Ratings

Review Highlights

Pros
  • Good work-life balance and a global footprint help one explore the corners of the world (in 104 reviews)

  • Change is the only constant - a highly dynamic work environment (in 62 reviews)


Cons
  • The work life balance is crap and if you want to transfer between teams forget it (in 41 reviews)

  • It's very much a grind and long hours and can get quite confrontational (in 45 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Review of Trading role at Deutsche Bank

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

    I have been working at Deutsche Bank full-time

    Pros

    The work in credit trading is quite interesting. In structured products, you will face new challenges and the product offering to the client, hedging strategy will need to be customized and brainstormed time to time.
    Flow trading will require being thorough with the markets and need developing intelligent views on the market. One needs to be smart and proactive in hedging and rebalancing the book which is where you can make the difference to meet your year-end targets.

    Cons

    Increasing regulatory prudence, increased capital requirements, limited risk appetite which limits the opportunites for the banks.
    Hence I have a neutral outlook for future for the investment banking.

    Recommends
    Negative Outlook
    Approves of CEO
  2.  

    Technology Associate

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Technology Associate  in  Singapore (Singapore)
    Current Employee - Technology Associate in Singapore (Singapore)

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

    Pros

    Good compensation. Good corporate culture

    Cons

    technology organisation is too reliant on outsourcing.

    Advice to ManagementAdvice

    Pay more attention to young graduate analysts.

    Recommends
    Negative Outlook
    No opinion of CEO
  3.  

    DeAWM is represented and led by the best in the business.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President  in  Houston, TX (US)
    Current Employee - Vice President in Houston, TX (US)

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

    Pros

    If you are wanting to stretch and grow and realize your potential, DB is an excellent platform to go after it. Salary. Pension. Bonus. Stock Options and value for balance is important.

    Cons

    I have not seen cons. I am an eternal optimist and want the chance to be all I can become. DB is an excellent company.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Worked on a project. work was challenging but too many heads not pulling together caused difficulties.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - IT Migration Team Lead  in  New York, NY (US)
    Former Employee - IT Migration Team Lead in New York, NY (US)

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

    Pros

    The culture there is fine and the people were amiable. Typical banking environment - hectic and pressurized, especially trading floor. Nice corporate perks and good location. Was able to expand knowledge and given an opportunity to grow beyond my original parameters.

    Cons

    long hours; at times unrealistic expectations; overly complex procedures just to perform daily necessary tasks.

    Recommends
    No opinion of CEO
  6.  

    Good career development opportunities for junior staff

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

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

    Pros

    Junior staff will be given plenty of opportunity to develop their careers. Management and colleagues are generally supportive. Investment banking is a very dynamic environment that offers many interesting challenges.

    Cons

    Can be overly bureaucratic. The bank's technology needs major investment, but this investment has recently started. Senior management and the business can be short sighted when planning budgets and projects.

    Advice to ManagementAdvice

    Don't over load staff with too many objectives and initiatives. Pick a few and do them well. Take a longer term view when planning strategic objectives.

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    Great working environment with ample valuable opportunities.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Analyst  in  Seoul (South Korea)
    Current Employee - Analyst in Seoul (South Korea)

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

    Pros

    Best thing about db is that it is big enough franchise with good platform to engage or start a new business in new regions.

    Cons

    The worst was a rather inferior it working environment. Especially the bank does not use microsoft outlook but lotus as its main mail system which is very uneasy to use.

    Advice to ManagementAdvice

    No comment.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Excellent work environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Assistant Vice President  in  New York, NY (US)
    Current Employee - Assistant Vice President in New York, NY (US)

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

    Pros

    Deutsche bank practice equal opportunity in true sense.

    Cons

    Some of system architecture and processes are not best in class. However over last couple of years we have seen significant improvement and Deutsche bank is moving in the right direction

    Approves of CEO
  9. 1 person found this helpful  

    Employer of last resort. Consider another industry.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Jacksonville, FL (US)
    Former Employee - Anonymous Employee in Jacksonville, FL (US)

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

    Pros

    Exposure to many smart people. Fast computer. Good work from home flexibility. The time off policy, if you can use it, is generous. The resume line is nice too, for now. Very smart people are attracted to the DB brand so you get to work with them for a few months or a year or two before they leave, or until you do.

    Cons

    Soft compensation. Tough industry. Unsustainable employment strategy. Lack of strategic direction. Ineffective HR. Lack of expertise: blind leading the blind. Confrontational behaviors, occasional bullying due to competitive rating system. (quiet people with alot of talent but who aren't aggressive don't really get much justice out of the bell curve rating scale) Promotions get held up due to HR not knowing what they are doing. Good people getting burned up. Napoleonic politics. Weak training. Long arbitrary hours and not due to actual needs, but usually due to bureaucracy and inefficiency. Weak technology implementation and SDLC.

    Advice to ManagementAdvice

    Evolve. Mature. Talent will come back and this once great firm could be great again.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  10. 1 person found this helpful  

    Too much change, too little leadership

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

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

    Pros

    Tier 1 Bank
    Good people
    OK Compensation

    Cons

    Too much change at senior management level
    Too much politics
    Promotions based on talking ability not outcomes

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  11.  

    Organisation heavy with Vendors .Do not encourage and promote Technology Professionals

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Assistant Vice President  in  Mumbai (India)
    Current Employee - Assistant Vice President in Mumbai (India)

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

    Pros

    Office Culture is OK .Nothing too exciting . This organisation in India is run by Operations Head with least or minimum participation from IT Leaders

    Cons

    Development Centre for Promotion is eye washer . Mostly people from Operations and IGT get promoted . Global CIO is preaching to be technology focussed but fact is in the current restructuring IGT and Operations Leaders assigned responsibilities to run Technology organisation as CIO's

    Advice to ManagementAdvice

    Remove DC immediately its only doing more loss than anything else . Please have right technology Leaders hired to run technology centres if you really want to get benefits of Insourcing . Worry is current process will only make technology week further and same IGT leaders will say previous structure was better and there will not be any results achieved

    Recommends
    Positive Outlook
    Approves of CEO

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