Deutsche Bank reviews

3.8

72% would recommend to a friend

(12,816 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 12,816 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
Sep 26, 2014
Recommend
CEO approval
Business Outlook

Pros

Global Financial business experience Decent salary Decent benefits

Cons

This DB location in Cary is like an offshore center within US. It's run and controlled by The management in London and New York who care less for people in Cary. Too much blame game, extremely unprofessional and chaotic work environment. They work you like a dog for not that great money. Very very unrealistic expectation. Too much drama to put up with. Extremely high bureaucracy and micro management. They have an Agile process for every project which is extremely stressful. Multiple meetings. Most of them are a waste of time. Too much of process which can get annoying at times. Most people here do not dress well. Doesn't feel like you're working for a big bank. It has a startup feel to it. Some people come to work in jeans, shorts, flip flops on all days. Even if you have to take a vacation, it's not easy to get out as most projects are regulatory and they have to meet the timelines. Very poor middle management. Instead of pumping your Morale higher, some Managers bring your morale down. The Managers make sure that you don't even have a single minute of free time. I've never seen such a stressful and bad work environment ever in my life. Some people are too rude and direct to work with. This is the worst company that I have ever worked with in my life. NEVER NEVER NEVER join this bank in Cary, NC.

1.0
Mar 31, 2015
Recommend
CEO approval
Business Outlook

Pros

Pay is pretty good. Certainly better than many of the staff deserve. Plenty of vacation. Private health care A lot of jolly nice people. Some comical characters - faux new jersey gangsters adding a different dynamic to what you expect in a technology office.

Cons

In two words - Low Calibre. Ineptitude runs rampant. Low quality hiring low quality in abundance. Center management woefully out of the depth and seem to be clueless about what we do. Computers and kit last decade. Desktop support is laughably bad - usually resort to getting under the desk to fix ourselves. "Agile" means something very different here: Lots of standing around whiteboards with posties. Ceremony over intended purpose. Town halls are a drag. No relevance and must serve only the ego of the center management who's apparent understanding of technology is utterly tangental to anyone developing software this century. Lots of side-way glances as we sigh WTF in unison. Project delivery is shambolic. Wins are rare as failure is accepted with a shrug. Long-termers stay as they are payed above market rate. Traditional relationship between low cost offshore and rich masters. Unfortunately we are the former so are regarded as a call center in a third world country. Lots of jolly nice people who should not be working in a technology office, but have created niches as "transition project managers" Lots of gossip about the next (then the next) round of redundancies. Apparently lots of people have more lives than cats. Promotion seems to be linked to age. % of staff are fired every year. Candidates are selected through comical darwinism. Secret meetings are called, their desks are cleared whilst they are in the "meeting", asta la vista. Then another meeting is called by management to say firings have stopped, consider yourself lucky and get back to work fast. They try to make this seem compassionate, but everyone is just pleased the wheel of (mis) fortune didn't stop with them. Lots of back stabbing amongst senior management - all fighting to ensure nobody discovers how little work THEY do. Usually the wrong person is whacked. All of the above would make a great comedy show and that would be funny. Living it is another story.

1.0
Mar 30, 2014
Recommend
CEO approval
Business Outlook

Pros

A few intelligent people high comparable salaries

Cons

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.

Viewing 4 - 6 of 12,816 Reviews

Glassdoor has 16,265 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.