Deutsche Bank reviews

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.....

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.