Deutsche Bank reviews

3.8

72% would recommend to a friend

(12,813 total reviews)
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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 12,813 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
3.0
Nov 3, 2016
Recommend
CEO approval
Business Outlook

Pros

There's a free fitness center. There's a cafe. You get lots of vacation. In some teams, you can do absolutely nothing, work 5 hours a day and go home. If you are a mediocre developer, if you can get onto a team on the second floor, you might have a long career there. Bonuses used to be good. Salaries are good. Insurance is good. If you can put up with it working here, you'll have a good chance to be poached by a different company.

Cons

The office in Cary is filled with incompetent senior managers. The least competent is at the top, followed by the management team. Why? Because they're cast-offs, or imports from elsewhere. The ones in banking don't understand software development, and the ones in software are the people fired from middle management of other companies. This is honestly a dead-end if you want a career. They talk about "expert path" for technical people which doesn't exist, at least not in Cary. You will have no autonomy as all the decisions are made in London and NY. Your senior manager is put in place by those same teams nervous about hiring outside of the hubs, so his job is just to work you until you quit and not to make any noise such as picking good software or practices. Your failure provides them cover to not transfer jobs from their location. They have never promoted anyone in Cary to a senior position- the last three directors weren't even from other Deutsche Bank locations; they went outside the company instead of promote one of the more than 100 existing managers or senior developers. There is a serious flight of talent- other companies are easily able to poach people who are competent, able to work under pressure, and worth every penny of their salary. Speaking of which, you used to get a bonus for all the downsides mentioned above. No more. It depends on the performance of the company to get a maximum of 4%. Take a look at the stock and you'll see how unlikely that is. Diversity is overdone- protected groups can't be fired, and no one cares to take the time to hire good talent, they just want to have bodies to fill their hiring quotas. The center head stood up in front of the employees at a town hall and said he's going to hire 50% women. What happened to equal opportunity hiring? Oh and the fitness center and cafe mentioned as "pro" are just 'meh', but I had to say something nice to fill in that box. Which is what you'll do for several hours a week- mandatory training classes for financial stuff which you'll never use as a developer but bureaucracy rules. The HR team is horrible- they live in a little private area, through a card-key door, so you can't interact with them. If you ask them a question, they'll reply with "call the hotline'. Everyone desk is a 'trading desk', meaning they've crammed people into huge open areas with the same double-monitor and phone on the side of the desks with employees 5-wide and back to back. Even call centers have more room. They've got 800+ people in one building that other residents of the office park have closer to 300 in theirs. If you need time to concentrate on working out a difficult debugging or clever software solution: give up. The noise level doesn't allow it (*See working late or weekends comment). This sardine-like setup also has an unfortunate characteristic of if someone skips a shower, everyone knows it.

2.0
Dec 3, 2014
Recommend
CEO approval
Business Outlook

Pros

The people, on an individual level are good. The benefits package meets or exceeds everything in the area (especially on vacation / sick policy). Work from home allowance seems flexible, but appears to be at the discretion of your direct manager.

Cons

I was hired under the impression that this was a "Google like" dev workshop, but every time we have a visitor from New York or London, we have to put on suits and ties to pander to our overlords. This center has zero autonomy, and no control over the products we are "in charge" of delivering.

1.0
Sep 22, 2014
Recommend
CEO approval
Business Outlook

Pros

The new facilities are quite nice and becoming increasingly spacious as people leave. 401k is ok compared to working for the government - though "real" technology companies are better. Very slow pace may suit many. Easy to hide if you are lazy.

Cons

Constant state of flux: Several high-profile departures this year leaving a vacuum for indecision and power broking. No support for the center in wider DB - we are the butt of all jokes from our uk counterparts such as "Cary Cracker Jar", "Cary Creche", "Cary Asylum", "Pulled pork-heads", "DB-Rednecks". This might be funny to you but we live here No clear strategy - we answer to the newest whip in town. The new whip is in Jacksonville so I guess this is where our jobs are going. Low grade senior management team and dishonest/incompetent HR dept. Town halls are rubbish - no charisma, no honesty and no action. Tooling is poor and you cannot use anything not considered standard.

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