Definitely the worst place I have ever worked! - Assistant Vice President Deutsche Bank Employee Review

1.0
Jul 5, 2019
Recommend
CEO approval
Business Outlook

Pros

There are generally nice people working at the Cary location. The salary is higher than the average in my field compared to other companies. They have a lot of different clubs that you can join to mingle and network. Unlimited sick days. Generous PTO. Very diverse work force.

Cons

401k match at 4% vested 20% each year for 5 years. I used to believe this was to retain workers, but now I am convinced it if 5 years to protect DB from paying out matching when they let people go. The management here is atrocious. It became pretty evident over time my peers and I were "used" by our former manager in order to justify her promotion (she didn't manage us at all). Career development is also non-existent (poor management again) and this company has the feel of an IT sweatshop. Management had no plan for career development and their promotion strategy is an absolute joke. It isn't based on how you perform rather an interview with multiple employees you never worked with before? Training is almost non-existent as well except for regulatory . This is pretty ironic since this company is routinely in the news for it's share of fraudulent and unlawful behavior (fine after fine). DB is part of a bad Germany history that we all know about yet they are all about inclusion (which is good, but strange given that history). Too many H1B visa workers. The on boarding process is nonexistent here so you have to struggle mightily when you first start. When I first started, I was told I would get a guaranteed percentage bonus (never got what I was promised). Annual salary increases were a joke since the bank was doing so poorly. Overall 3 years of little to no bonus and little to no salary increase. Morale is low when the bank stinks from year to year.

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5.0
Apr 20, 2026
Recommend
CEO approval
Business Outlook

Pros

Good wlb and, hybrid culture

Cons

This job is not fully remote

1.0
May 31, 2026
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Location in NYC Class A building

Cons

Incompetent Senior Management in Investment Banking Untrustworthy, lack of purpose Dedication to DB does NOTHING For you They are discriminatory towards anyone over 55 +

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