Deutsche Bank

  www.deutsche-bank.de
  www.deutsche-bank.de

Deutsche Bank Reviews

Updated 28 October 2014
Updated 28 October 2014
1,246 Reviews
3.2
1,246 Reviews
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Deutsche Bank Co-Chairmen & CEO Jürgen Fitschen & Anshu Jain
Jürgen Fitschen & Anshu Jain
320 Ratings

Review Highlights

Pros
  • Good work-life balance and a global footprint help one explore the corners of the world (in 109 reviews)

  • Change is the only constant - a highly dynamic work environment (in 69 reviews)


Cons
  • No work life balance; morale could go down at times (in 45 reviews)

  • a culture of long hours where they aren't required (in 61 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Culture, politics and red step stop great people getting work done

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Project Manager in London, England
    Former Employee - Project Manager in London, England

    I worked at Deutsche Bank as a contractor (less than an year)

    Pros

    Good, hardworking staff and a great compensation package. I had an amazing team who really worked together to try and achieve.

    Cons

    I was very excited when I got the job offer from DB. That excitement was very short lived. When I arrived I found that interdepartmental politics were taking the lead, and not much work getting done. This is one environment where moral is becoming low, and good staff are not able to get there jobs done.

    Advice to ManagementAdvice

    Office culture is suffering at the hands of senior Directors and Managing Directors. There is a lot to learn in terms of leadership and how to motivate staff. Impossible to deliver projects, no outlook, no structure, no drive to get things organised. Put the breaks on and re-evaluate.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2.  

    Typical European bank - lots of bureaucracy, can be painful to get things done

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Front Office Developer in London, England
    Former Employee - Senior Front Office Developer in London, England

    I worked at Deutsche Bank full-time (more than an year)

    Pros

    Some reasonably strong senior developers, the banks's size means it can invest in infrastructure and areas that smaller shops can't

    Cons

    Plenty of mediocre people around across all levels. Lots of red tape and processes to get anything done, within Technology, the focus was on pleasing tech management rather than delivering projects for the desk.

    Advice to ManagementAdvice

    It's understandable that technology goals might not align with short term business goals from the desk, but when this is completely skewed one way, the business relationship suffers and puts desk facing front office teams often in difficult situations.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3.  

    AVP in Global Technology

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Assistant Vice President in London, England
    Former Employee - Assistant Vice President in London, England

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

    Pros

    Relatively stable company to work for (last major round of redundancies had happened a few years before I had joined). Good benefits (good health and pension cover). Decent bonus packages, especially if you happened to be a good performer. Good respected name to have on your CV.

    Cons

    Highly political. Less than ideal place to work for if one wants to learn any new skills (especially in technology, where posturing and BS in industrial scale appeared to dominate the scene). It's possible to make a long-term career out of simply existing and doing very little, losing skills over time.

    Advice to ManagementAdvice

    Cut the BS, cut middle management, reward whoever actually does some sort of work and not the corporate actor types.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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  5.  

    Culture

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

    I worked at Deutsche Bank

    Pros

    Good all round group of people easy to get on with and a somewhat relaxed environment.

    Cons

    Deadlines can be pressured and long hours.

    Recommends
    Neutral Outlook
    No opinion of CEO
  6.  

    Large organisation with some excellent but also at times average employees

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President in London, England
    Current Employee - Vice President in London, England

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

    Pros

    Global powerhouse that has some truly exceptional talent.
    Work-life balance will vary depending on your division/team. For front office function expect 12 hour average working days.
    Top level leadership on the whole appears to have the right intentions but success of implementation remains uncertain.
    From experience DB typically will give young talent the chance to shine.

    Cons

    Despite many of years of integration efforts, teams remain siloed in comparison to other banks.
    - Inter team moves can be extremely challenging (e.g. FX sales to rates trading)
    - Politics can get intense at more senior levels with disproportionate amount of time spent on internal negotiations.
    - Some very aggressive individuals on the trading floor

    Away from the siloes, rest of the "cons" are unlikely different to investment banks.

    Recommends
    Neutral Outlook
    No opinion of CEO
  7.  

    This is one place were it seems employees do not get on very well

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Associate - Technology in London, England
    Former Employee - Associate - Technology in London, England

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

    Pros

    It is a big organisation so I would say it is good to have on your CV

    Cons

    Compensation not very good same story every year

    Doesn't Recommend
    Neutral Outlook
  8.  

    Good Company

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

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

    Pros

    Good environment to work and helpful co-worker

    Cons

    too many re-org in last 5 year and created more confusion

    Neutral Outlook
    Approves of CEO
  9.  

    Good Culture

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Portfolio Manager in London, England
    Current Employee - Portfolio Manager in London, England

    I have been working at Deutsche Bank full-time (less than an year)

    Pros

    Collaborative, productive and supportive environment.

    Great facilities and locations.

    Good opportunities for career growth.

    Cons

    Unprecedented organisational change leading to relocation, redundancy and role change activity, which in turn has a negative effect on staff moral and productivity.

    Advice to ManagementAdvice

    Rethink short-term targets, with the view to longer term gains.

    Recommends
    Neutral Outlook
    Approves of CEO
  10.  

    Great career launch pad

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

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

    Pros

    Great people, great work-life balance, great work environment, the company cares for your personal growth in the firm and on a broader basis, good mentoring

    Cons

    does not have much competitive edge outside of europe, very bureaucratic environment, has seen a lot of changes in structure recently

    Recommends
    Positive Outlook
    Disapproves of CEO
  11. 2 people found this helpful  

    Too many contractors/consultants on absurd market rates.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Associate, Business Analyst in London, England
    Current Employee - Associate, Business Analyst in London, England

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

    Pros

    Technology orientated, visionary (notably in terms of offshoring operations to low-cost centres in India), efficient.

    Cons

    ~ Offshore staff are not SMEs;
    ~ Complex organization with very hard visibility;
    ~ Key staff with operational knowledge not rewarded;
    ~ Too many contractors.

    Advice to ManagementAdvice

    The gap between contracting and fixed-term employment is now so wide many have left to better pastures.

    Recommends
    Neutral Outlook
    No opinion of CEO

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