Deutsche Bank reviews

3.8

72% would recommend to a friend

(12,818 total reviews)
avatar

Christian Sewing

85% approve of CEO

69% positive business outlook

Deutsche Bank has an employee rating of 3.8 out of 5 stars, based on 12,818 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Deutsche Bank employee rating is in line with the average (within 1 standard deviation) for employers within the Finanzas industry (3.7 stars).

Reviews by job title

13K reviews
1.0
Jul 11, 2012
Recommend
CEO approval
Business Outlook

Pros

OK benefits, cost of living in jacksonville is cheap (not an excuse for terrible salaries), short commute time.

Cons

The atmosphere throughout most of the Jacksonville site is toxic. Turnover is very high. The only people that stay for very long are those that have given up on something better, local yocals from UNF or some community college that can't find anything better or the lunatics that have taken over the asylum. The underlying cause as far as I can tell is the complete lack of hiring standards and the poor wage. I've seen several recent hires (these are all college grads mind you, or so i've heard) that cannot spell the simplest of words or even know how to use EXCEL. Almost every single job at DB requires one to use excel for 50% of your day or more. Hiring managers will lie to your face during the interview to make you believe you have a shot a moving up through deligence and hard work. You can personally save the bank hundreds of thousands of dollars a year and you'll be lucky to receive a 3% raise at the end of the year. 3% of 33k is garbage. Seems like almost all the middle management has been promoted into their position because they didn't know how to do any actual work and the company didn't know what else to do with them. Also, if you're one of the unlucky ones you can be placed onto a team that requires you to work 60+ hr a week. Of course you cant be required to work that many hours but good luck at ever getting a promotion without it.

2.0
Jul 25, 2011
Recommend
CEO approval
Business Outlook

Pros

Great benefits Great vacation policy Big, global company with plenty exposure to colleagues in other countries Noticeable efforts and perks to employees

Cons

IT Organization is one step below the state of chaos (CMM Level -1) Many IT managers that are unqualified with little to no IT background Lack of enterprise wide cognizance-so siloed that it has become a large issue Weak mid-level management, although executive management is strong Too many fiefdoms hindering the much needed cross collaboration in providing the right IT solutions IT Value add - so much money spent on IT with so little to show for it.

2.0
Jul 13, 2020
Recommend
CEO approval
Business Outlook

Pros

They pay very well as a salary instead of a bonus. Their pension contributions are very high, you don't need to contribute yourself. Work life balance can be ok in some teams.

Cons

1) Horrendous incompetence. It is really apparent from the first day. There are an awful lot of people there who make a lot of mistakes or who just can't do their job. It is great that DB want to keep people, but it really is these long-timers that are holding DB back. 2) Many, many people who all think their job is to micromanage you. This is particularly bad in tech. There are VPs who have no idea what a work item is or what it does or what is needed but have spent years in a job where their role was to find someone else to do the work. As a result, these people will grind projects to a halt. 3) With so many VPs in some teams compared to AVPs, there is a problem similar to the NHS "too posh to wash" problem. If there is six VPs and one AVP, none of them will do any work since they don't want to seem downgraded to AVP. it is absolute nonsense. 4) One day you're told to do one thing, the next you are berated for not knowing someone else decided you should be doing something else. Yes, silly culture. 5) Very old and poor quality software in a lot of teams. This is well known, and often a problem with old systems, but at DB it is horrendously bad and a consequence of the incompetence they are also known for. Their systems make no sense, neither does their code. Their low quality VPs that have been there a very long time and have not kept with the latest technology cause this. 6) An astonishing amount of VP level employees. In some teams there will be just one AVP and six or more VPs. Absolute nonsense. A lot of these VPs will have been around for a very long time and not very good at their job. Their knowledge is out of date and they hold newcomers back from introducing new technology or ideas. This is a problem a lot of companies have, but as usual DB simply doesn't respond. 7) There is air of dishonesty in this company which can be seen by the actions of managers and some VPs, and is a reason for the endless negative media reports surrounding them. They do seem to lack integrity and make decisions with complete disregard for the consequences of those affected. This is simply not how companies operate nowadays. Instead mangers should be accountable, decision makers should be accountable - instead their incompetence affects people directly and causes them to lose their job in some cases. This simply shouldn't be tolerated anymore, other companies sorted out problems like this years ago but DB is just not responding.

Viewing 55 - 57 of 12,818 Reviews

Glassdoor has 16,267 Deutsche Bank reviews submitted anonymously by Deutsche Bank employees. Read employee reviews and ratings on Glassdoor to decide if Deutsche Bank is right for you.