Deutsche Bank

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

Deutsche Bank Reviews

Updated 23 October 2014
Updated 23 October 2014
1,234 Reviews
3.2
1,234 Reviews
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Deutsche Bank Co-Chairmen & CEO Jürgen Fitschen & Anshu Jain
Jürgen Fitschen & Anshu Jain
316 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.  

    Good people, bad programs and no training

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - PWM in Los Angeles, CA (US)
    Current Employee - PWM in Los Angeles, CA (US)

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

    Pros

    Vacation time is generous, not restrictive with corporate card use to entertain clients/prospects, relatively easy to communicate with senior management, great people.

    Cons

    Archaic systems, e.g. LOTUS NOTES!, no training except for analysts who don't deserve or appreciate it, bonuses are subjective. Bankers not held accountable for overspending or not producing results.

    Advice to ManagementAdvice

    TRAIN THE PEOPLE WHO HAVE BEEN LOYAL AND ARE ASKING FOR IT! REWARD LOYALTY AND MERITS WITH MORE COMPENSATION OR YOU WILL CONTINUE TO LOSE GOOD PEOPLE AND HAVE TO REPLACE THEM WITH MORE EXPENSIVE HIRES.
    WHY HIRE OUTSIDERS AND PAY THEM A LOT MORE THAN THE CURRENT EMPLOYEES?

    Recommends
    Positive Outlook
    No opinion of CEO
  2.  

    All in all it's not too bad, but could be a lot better.

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

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

    Pros

    Work/Family balance is the best. Most of the people I work with are great.

    Cons

    Promotions are slim. constant Performance reviews are 100% crap and useless. Managers change so often how can I get a legit review from my manager when it's change 3 times in a year,

    Advice to ManagementAdvice

    Need to promote more within. Stop restricting currently employees from seeking other positions. Management greatly stifles and frowns on trying to go to another position.

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

    Constantly changing structures ensures nothing actually gets finished

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

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

    Pros

    Good, competitive pay and great benefits. Decent career progression if you work hard and actively seek it. Given a lot of responsibility and autonomy from day one.

    Cons

    Management structures change seemingly daily with no real purpose, clarity, focus, or ultimate goal laid out before the changes are made. As such the work seems aimless and the intentions of the reorgs are 'retro-fitted' to meet personal agendas.

    Recommends
    Neutral Outlook
    No opinion of CEO
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  5.  

    Good place to work

    • Comp & Benefits
    • Work/Life Balance
    • Culture & Values
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Deutsche Bank full-time

    Pros

    Has a good work-life balance

    Cons

    DB gives very low salary package.

    Recommends
  6.  

    some good, some bad

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Production Support Manager in London, England (UK)
    Former Employee - Production Support Manager in London, England (UK)

    I worked at Deutsche Bank full-time (more than 10 years)

    Pros

    A reasonable place to work with some great people.

    Cons

    Management. There are far too many people at director level and above. What they need to do is cull the majority and actually get in some people who can do the work and improve things. Project costs spiral out of control because of the management overheads and management interference.

    Advice to ManagementAdvice

    Walk away. Do your bit and then let others get on with the work.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  7.  

    Deutsche Bank

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

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

    Pros

    Challenging environment to work. So you build up nerve for unorganised environment.

    Cons

    1. Systems are not in good shape. There are a lot of systems to learn before u learn process.
    2. Application are out of date. DB is still using SSR.
    3. Extra pressure on people managers as there are no team leaders. Managers r expected to do TL plus Manager job.
    4. Lot of politics.
    5. Performance evaluation is not transparent.
    6. Human resources department is not efficient at all.
    7. IT dept doesn't know what to do with most of the applications plus they work at a snail's speed to resolve any iT issues.
    8. Getting application for my staff was big headache. It used to take 2 to 3 months for an employee to get full access to required applications. Massive pain area.

    Advice to ManagementAdvice

    It became circus when I was there. Estalished a team then they expected huge amount of cross training then they wanted staff saves then location move. All at once with no time to breath.
    Technological updates are required. People should be focusing on process improvement rather than technology problems.
    Need to make HR and IT dept efficient to help ur people work.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  8.  

    Process Analyst

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

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

    Pros

    Projects on-going for several Departments, very process oriented culture. Some of the project groups are good.

    Cons

    Senior Management is only interested in cost cutting. Onboarding was a mess and extremely disorganized. Less leading the way in IT strategy and more following / catching up to the heard.

    Advice to ManagementAdvice

    Invest in your people and allow them to have a better work/life balance. It's the small things that people like and will keep them happy and more productive in long haul.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  9.  

    Boring People and not much motivation

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Deutsche Bank

    Pros

    Good pay, access to benefits, gym, prestige., great training.

    Cons

    Pretty much everything else. Company is going in decline, lots of cuts especially in technology. The people working there are unmotivated and mostly boring. I'm definitely leaving this place.

  10.  

    Vice President

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

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

    Pros

    Global footprint and diversity of business

    Cons

    Slow promotion process and can be top heavy

  11.  

    Competitive salaries, tough to grow

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

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

    Pros

    Competitive salaries
    Good benefits
    Good lower level work force

    Cons

    Poor management
    Poor systems
    Long hours
    Management does not listen to employees

    Advice to ManagementAdvice

    Listen to your employees. The operational center point belongs to those employees who work on the day to day. Low level managers seem to have little to no clue on the process. Many hours are spent in meeting with a lot of talk, but action needs to take place.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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