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
Aug 28, 2014
Recommend
CEO approval
Business Outlook

Pros

some decent honest people, great place to work if you like to backstab, play the game and use a lot of jargon in your day-to-day life

Cons

Where to begin - please note this is based on working in IT Infrastructure (London office) and so may not be typical of the company as a whole, only my experience of it in this area: - a culture of long hours where they aren't required! Sure we all have times when we have to stay late, or even want to stay to finish off that project or meet that deadline. But here people consciously stay at their desks and chat, go on facebook, make personal calls etc, until 8-9pm, then make a show of sighing and leaving, and come in the next morning (often around 10am due to their 'late night') and tell everyone how they never left until 9pm. And they actually gain promotion on the basis of this!! - constantly driving down costs and reducing teams who do all the work, resulting in teams of 1 or 2 running entire regions, all the while keeping multiple layers of management. As an example, you can have 2 people reporting to a VP, reporting to another VP, reporting to a D, reporting to another D, reporting to an MD, reporting to another MD before you advance to any real level in the company. The amount of money being saved is completely negated by a completely unnecessary hierarchy - completely sexist - no women advance in this area unless they 'look good'. Those who don't have to work hard but never advance - advancement based on friendships and contacts rather than achievement and potential - no clear focus of where they are headed - the same projects and improvements cycle every few years justifying projects and looking to change and improve standards with no real intention to do so - offices falling apart and drive towards 'clear desk policy' whereby all staff work on a stark white open desk with no privacy walls, and have to put all desk and personal items in a locker (no pedastals allowed under desks) result in offices with all the charm and personality of a hospital - the lowest morale of any company I have worked in (over 20 years City/finance experience) - the new CEOs came on board with the amazing idea of reducing Infrastructure by 60%. I know they're not sexy like the traders, but they keep the rest of you running! Don't forget that! - more of an opinion this one, but every single person I encounter where the subject of DB comes up has some sort of bad story - "I know someone who worked there who had a nervous breakdown", "aren't they a terrible company to work for", "I've heard they're bad". Now as I say, this is opinion, but I've never had this for any other place I've worked, and as mentioned above I have 20+ yrs of corporations And this is all that immediately comes to mind. I'm sure if I had a think I could find a lot more!

2.0
Mar 29, 2018

Vice President

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Looks good on your resume.

Cons

Worst culture - very hierarchical, even if seniors know a lot less than the juniors, they will make sure to make the junior staff feel inferior and worthless. Unless you serve as a slave to the senior that works from home almost everyday while you work away 60+ hours a week doing admin work, you're not going to get anywhere. Overall, the bank is stuck 50 years behind. This is not a place for innovation, the recruitment team does a job making it look like a place of desire but do not be fooled. The infrastructure and technology is extremely outdated. The mindset of most senior staff is stuck in the 1950s. They make every effort to ensure not to promote women or minorities.

2.0
Jan 4, 2018
Recommend
CEO approval
Business Outlook

Pros

Great benefits. Good vacation, holidays and decent medical benefits

Cons

Company is struggling to clean up ill will of the past. It is hurting moral.

Viewing 43 - 45 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.