Deutsche Bank reviews

The center is in a constant state of flux of hire and mostly fire. In the past year almost the entire leadership team has either been fired or departed and what is left is almost constant haggling amongst middle management to own teams and step into dead mens shoes, regardless of being qualified. The bank has chosen a SAS import who is completely uninterested in what we are doing and creates authority through fear leaving most quaking and the rest kissing it. Most of us are unclear how this guy does as we take all of our direction from the London domain leads. I'm sure he is as nervous about his own position as we are so he is kissing his respected asses and not delivering utility down to us. Then we have a hired a Chief Development Officer - what Development is this role responsible for and where is the proven calibre? Our recent town hall said it all: we want to "reverse the pyramid" which means our management are fixated in adhering to organizational shape over finding the right people then incentivizing the good people to stay. This week a further 15 heads were culled, which followed similar exercises over the past 5 months leaving many scared about their future. Why not take a look at why these people didn't achieve success and question whether the organization provides an environment where success is achievable without politics and back-stabbing?? I do not believe Deutsche Bank understands the locality or the technology profession. Let's say it possibly did at one time, now this is in full reverse. We started with a message of work/life balance, a table tennis table and a relaxed dress code and now the latter being recently stripped so we look nice for our new New York matrix managers who have no clue about what makes technology people tick. North Carolina is not about double-breasted suits, politics and "greed is good" - if we wanted this we would get paid a lot more to live in New York. There are so many other technology companies to work for in Raleigh. My entire team is talking aloud about interviewing elsewhere which means this place is heading south.

Where to begin, you could quite seriously write a dissertation on the poor career quality at this place. I have been in the Jacksonville office for 4 years and have seen countless scenarios of amazing performers being turned down for the ONCE A YEAR promotion process (no you cannot be promoted outside of this annual process) to Associate/AVP etc due to politics and department caps, yet absolute garbage employees being hired for Associate/AVP externally. Your entire job here is soul sucking because you spend all day every day fixing "breaks" between systems that the company is too cheap to properly implement. There is no IT here, only clerks in India with a poorly written manual and a manager demanding they close out the work ticket. Constant reorgs trying to figure out how to fix the myriad of issues yet they only serve to give certain people promotions while the others suffer and are left confused as to who they report to. At the end of the day you just have MORE bosses. Toxic work environment where the managers won't even talk to you or acknowledge your existence unless you quit, then they get upset because once again they have to go through the painful round of hiring a candidate which due to company bureaucracy takes between 3-4 months. If you are applying here don't give notice until just before your start date or you could go without a paycheck for months. A lot of people just quit the department to go to a competitor in town BEFORE bonuses were even paid out, that speaks for the desperation to leave and the sub par quality of bonuses. There is zero recognition for hard/above and beyond work because either your manager will take credit or simply no one cares. Once again only those favorites will get a promotion. Complete mismatch between companies stated values and actual quality of work. The department also makes the foolish mistake of only having one person trained on a unique role so that if you decide to move internally you will be stuck training your replacement for months on end, or if you quit they beg you to train your external replacement, who won't start for months.....Maybe other departments are okay to work for but certainly not product control or whatever they decided to name themselves today. If you are a manager elsewhere looking to hire a DB employee don't look down on the fact that someone here hasn't been promoted, chances are they deserved to be many times over, DB just doesn't promote promotions.... You can't even begin to explain how poor the work environment is here, you just have to witness it. Or maybe ask around.....