The axe continues to swing and we remain leaderless - Assistant Vice President Deutsche Bank Employee Review

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.

Explore other reviews about Deutsche Bank

5.0
May 19, 2026
Recommend
CEO approval
Business Outlook

Pros

The work-life balance is good and teams are generally relaxed

Cons

The salary could be higher

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 +

See reviews by: Helpful|Rating|Date|All