When it's good, it's really good but when it's bad, hold on. - Vice President Deutsche Bank Employee Review

3.0
Aug 10, 2024
Recommend
CEO approval
Business outlook

Pros

The Jacksonville building at 5201 Gate Parkway is really nice and well kept. They do have a hybrid work location and up until 2024 it was 2 days in office and 3 WFH. This is a global bank, so the opportunities to move around, within Jacksonville, within the US and throughout the globe are there if you know where to look and how to market yourself.

Cons

In the past couple of years (and from what I heard from employees there longer than I was) the annual increases are almost non existent and where they are given to certain people it is not publicly known why. Additionally, like other financial institutions, who you know can make and or break your career and DB is no exception. They frequently change direction in terms of the overall goals for the organization and even your department but rarely if ever fully explain why, so employees are left wondering if the changes made are well thought out. In terms of infrastructure technology wise, it can use a makeover as a lot of systems are antiquated. Compared to other banks I have worked at this one would be middle of the road. Not exactly the worst, but not exactly the best either. Be aware that in most cases you will be working among peers who could potentially manage you from another country or timezone as they love spaghetti and matrix organizations. It sometimes feels that it is to give certain people titles and responsibilities (like being the head of a global function) when in reality they aren't head of anything or leading much less on a day to day basis.In terms of the worst scenarios is when dealing with layoffs. I know that sometimes they happen but when it is done the staff are actually told that they should not tell anyone else about them being laid off and sometimes there is no rhyme or reason. Some are being laid off and walked out same day, some are being given a month or more longer to find a job, then collect severance. For the people left in the building they wonder of course if they are next and the stress level is ultra high. None of it is pleasant but I think they can handle it better.

Explore other reviews about Deutsche Bank

5.0
May 19, 2026
Recommend
CEO approval
Business outlook

Pros

The work-life balance is good and teams are generally relaxed

Cons

The salary could be higher

4.0
Jun 22, 2026
Recommend
CEO approval
Business outlook

Pros

Very collaborative environment with good leadership in most divisions.

Cons

Financial services is in general a very tough and intense field. DB is no different.

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