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
4.0
Jun 13, 2008
Recommend
CEO approval
Business Outlook

Pros

Opportunity to work with talented people around the world on projects with global scope. From Asia, through Europe to South America, there were dedicated resources who made any project interesting and enriching. Very often the projects were leading edge as business lines saw and strove to be first tap new markets with new products, technology and solutions. Resources and technology were also always available as tools in order to conceive or deliver the next generation of products. There was also a strong focus on training and development. Even when budgets were tight, it was possible for budget to attend world class educational sessions.

Cons

Cultural and ideological clashes with management outside of the US. When you have good people who want to work hard and do the right thing, the hardest thing is to step back and let them do it. In this organization, there too often tends to be only one, global, central right way of doing things, even if that's not an ideal fit in certain localities, or even if certain local resources may question direction based on their own not-insignificant expertise. The home office, branch mentality is very common in many organizations, but there is value in overcoming it and opening lines of communication.

3.0
Jun 12, 2008
Recommend
CEO approval
Business Outlook

Pros

The New York office is located on Wall Street. The organization prides itself on being a upstart and gaining a strong foothold in the US market. It has done well in the sub-prime crisis. The pay is comparable to other banks. DB also has a tremendous Social Investments Group. If you are interested in it, they have great opportunities to work with them. Social Investments is one of the few areas in which DB is truly a pioneer. DB since it has been playing catch up in the US market, is always willing to try new business ideas and aggressively courts new clients. This gives ample opportunities to grow.

Cons

Since growth in New York has been haphazard, there are quite a few silos. Do not expect the same cooperation as at Goldman. DB New York also does not yet have a set culture that is distinct. The power center is in London (where Anshu Jain sits), so New York still does not pull its weight. DB is also encumbered by the huge retail operations in Germany, where the culture is very very different. If you want to work for technology, DB has mixed reviews. Some groups value technology, and some just see them as a cost center. Technology in the financial services can be extremely challenging and exciting - things you do day to day have considerable implications. The pay is considerably better than at a tech firm. The work life balance is also terrible and you are always considered a cost center, even if technology drives the revenue.

4.0
Jun 11, 2008
Recommend
CEO approval
Business Outlook

Pros

It seems pretty difficult to differentiate most of the larger investment banks from each other, but I believe Deutsche Bank is well respected on the Street. Salaries are competitive.

Cons

Similar to all banks, but also depending on what group you work in, a 40-hour work week is unrealistic. You get paid well, but you're expected to work long hours to finish the job. You get 5 weeks of vacation time / personal days, but I don't know anyone who would actually be bold enough to use all the allotted vacation time--face time is much more important. Similarly, even though the company offers flex time and working from home arrangements, I'm not sure I would be willing to pursue those options for fear of jeopardizing the quality of my bonus. Lastly, the cubicles are uncomfortably tiny (they are so short they only come up to your neck), so there's not much privacy.

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