Deutsche Bank reviews

IT Organization is one step below the state of chaos (CMM Level -1) Many IT managers that are unqualified with little to no IT background Lack of enterprise wide cognizance-so siloed that it has become a large issue Weak mid-level management, although executive management is strong Too many fiefdoms hindering the much needed cross collaboration in providing the right IT solutions IT Value add - so much money spent on IT with so little to show for it.

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.