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.