What it does: Deutsche Bank is the leading German bank with strong European roots and a global network. The bank focuses on its strengths in a Corporate Bank newly created in 2019, a leading Private Bank, a focused investment bank, and in asset management.
Mission: Deutsche Bank is here to enable economic growth and societal progress through its positive impact.
Size and presence: Deutsche Bank has established strong bases in all major emerging markets, and therefore has good prospects for business growth in fast-growing economies, including the Asia Pacific region, Central and Eastern Europe, and Latin America.
Best known for: We aim to do business responsibly and sustainably that has a positive impact. We support education, enterprise, and communities through our corporate social responsibility. We’re proud that many of our employees take part in civic engagement. We believe art and culture should be open to all. We support young sporting talent too.
The good bits: Very Good working environment and policies.
The not-so-good bits: Senior management is very biased.
Starting with the acquisition of the UK merchant bank Morgan Grenfell in 1989 global expansion culminated in the acquisition of the New York investment bank Bankers Trust, which opened the American market up to Deutsche Bank. In the following years, international investment banking accounted for an ever-increasing share of Deutsche Bank’s business. Globalization brought the capital markets even closer together. The liberalization of economic areas and innovative technologies opened up new growth opportunities. Since then Asia in particular has seen new markets develop at breakneck speed.
In 2008 Deutsche Bank had to overcome the most severe global financial crisis since the Second World War. In subsequent years several cases of rule breaches and misconduct were discovered that damaged the company’s reputation. In early 2017 the Management Board issued a public apology for serious errors, for example in its US mortgage business activities between 2005 and 2007. Deutsche Bank was founded almost 150 years ago as a partner to German companies for their global banking needs. Today it is a leading European bank with global reach. Deutsche Bank provides commercial and investment banking, retail banking, transaction banking, and asset and wealth management products and services. The Deutsche Bank twin towers in Frankfurt 2018 Initial Public Offering of DWS DB Privat- und Firmenkundenbank AG created from the merger of Postbank and Deutsche Bank’s private and commercial clients business The repercussions make it essential to implement changes over the long-term. The aim is to make the bank a pillar of society once again
At Deutsche Bank, we are here to enable economic growth and societal progress through our positive impact. To do this, we build inclusive and diverse teams to drive business results.
We believe talent is found in all cultures, countries, races, ethnicities, genders, sexual orientations, disabilities, beliefs, generations, backgrounds, and experiences. We pursue a working environment where everyone can be authentic and feel a sense of belonging.
Great ideas come from across our bank and we promote a speak-up culture where our people can be heard and turn ideas into impact. We want all individuals to feel welcomed, accepted, respected, and supported. We expect our leaders to build inclusive teams of people with different skills, styles, and approaches to spark innovation. Our leaders strive to empower their teams to contribute their best work. We believe everyone deserves actionable feedback to help them achieve their career goals and succeed based on merit.
Building a diverse and inclusive organization is a continual process. Every policy, practice, and program we put in place gets us closer to meeting our goals. Our most senior leaders are accountable for accelerating the pace of change, particularly with the advancement of women into senior positions. The increase in representation and advancement of underrepresented minorities is also a key priority. Our long-standing advocacy on behalf of the LGBTQI community remains a source of pride and inspiration for us globally.
We offer a range of benefits and programs to support our employees inside and outside of work. For example, our Accomplished Top Leaders Advancement Strategy (ATLAS) program for women Managing Directors boasts a 100 percent success rate of alumni moving into new and more senior roles, including onto the Management Board.
Additionally, we offer flexible working arrangements and job-sharing opportunities. In several countries, we have established a gender-neutral and LGBTQI inclusive parental leave framework exceeding local requirements. We further support working parents by partnering with childcare centers near offices in our major hubs and contribute to the cost of childcare in some locations.
We are proud to have a variety of voluntary, employee-led groups uniting colleagues from different backgrounds, experiences and business areas that inspire and embed inclusion in our daily interactions. Our Employee Resource Groups (ERGs) are driven by a common purpose: to create a better workplace – for everyone. ERGs host events, mentoring programs, learning and development opportunities, topical discussions, and community outreach. Depending on location, our ERG communities support women, LGBTQI (dbPride), people of color, physical and mental wellbeing (dbEnable), caregivers, fathers, generations, and veterans (VOWS – Veterans on Wall Street®).
A choice to be a part of our bank and our industry, or not. These choices are not something we take for granted. It’s why we’re on a journey to build a bank that stands for more. A bank that is focused on sustainable business. That has a positive economic, environmental and social impact. That creates more possibilities for all employees to grow and succeed professionally, whilst leading equally fulfilling lives outside of work.
But we know that there’s still room for improvement, and more work needs to be done to advance diversity and promote inclusion across our business and the wider industry.
Read on to discover how we’re creating opportunities for all employees to grow and develop with us, in an environment where they feel welcomed, accepted, and respected. And how we are supporting our employees’ development, encouraging mobility, and providing mentoring and networking opportunities so that everyone can do their best work and succeed on merit.
We would be nothing without our people. It’s the different perspectives they bring, combined with their everyday brilliance, that drive our business forward and help us make a positive impact the world over. They’re the ones empowering confidence in those around them, inspiring the next generation of leaders, and working to create a truly diverse and inclusive culture. These are their stories.
Learning is a key element of our people strategy. It allows our people to grow, keeps them fit for the future, and helps them develop professionally and personally. We strive to offer you an engaging, personalized, and varied learner experience at every stage of your career with us. With our €70 million investment in employee training in 2019, our commitment to training is plain to see.
Connect2Learn
Connect2Learn is our digital learning platform that offers you on-demand online educational content. Through our digital libraries and partnerships with libraries such as getAbstract, S4K, and Intuition, you‘ll have access to 40 learning topics including 55 immersive virtual classroom experiences in local languages and 3,500 curated videos, articles, podcasts, and TED Talks. And for leaders, we have dedicated resources such as manager guides, coaching cards, and group development resources.
Mentoring
Our mentoring programs are where our people help each other to succeed. We have a range of mentoring programs: Reverse Mentoring is where cross-generational collaboration unlocks the power of perspectives across generations; the Cross-Divisional Program is where employees are supported as they take on their first management role; and the Cross-Company Mentoring Program is where high-potential women already in management positions or highly specialized positions help each other to improve their management skills, develop broader industry knowledge and understand different corporate structures and cultures.
Job Shadowing
Enhance your career by spending a day in someone else’s shoes. Job Shadowing is an informal learning tool that allows employees to spend time with employees from other functions, gaining a new perspective and receiving advice on other specialties. This is currently open to employees in the UK & Germany but will subsequently be available globally.
Leadership Capability Model
We pride ourselves on preparing our leaders to be fit for the future. Our Leadership Capability Model provides our leaders with a consistent vision of how we understand leadership and what we expect from them through on-demand, modular educational content that is personalized to you.
A healthy work-life balance is essential in sustaining a meaningful career. With a range of benefits including flexible time management, we provide the tools you need to manage professional and personal commitments.
Home office flexible work time
We support flexible working, whether that’s working from home, flexible working hours, or even part-time working. However, it is important to note that opportunities will vary depending on your particular role.
Annual leave & more
Employees are entitled to a generous leave allowance (details should be discussed with local recruitment teams). Additionally, paid leave is granted for special events including, wedding/civil partnerships, compassionate leave, paternity leave, or when you’re caring for a sick child. On top of the statutory 36 months of parental leave (Germany), Deutsche Bank offers an extra six months of parental leave – providing you have been with us for more than three years.
Support & Counselling
Whether you need professional help or personal advice: Deutsche Bank offers a comprehensive support network ranging from career advice, mental health support, assistance in finding childcare, or social care for the elderly.
We are committed to fostering a sustainable work environment that focuses on financial, social, mental, and physical wellbeing. With benefits such as preventative health measures, health insurance, sick pay, and opportunities to stay physically fit, we believe that we can make a positive contribution to your overall wellbeing.
Health insurance
You can choose between statutory or a range of private health insurance options. Our statutory health insurance ‘Betriebskrankenkasse BKK’ is available exclusively to Deutsche Bank employees and their families. Aside from shorter waiting times for appointments, BKK provides access to expert medical consultations over the phone and regular health checks.
Health Check & Eye Test
All of our people aged 40 and above are eligible for a health screening every three years; and for our people over 50, it’s every two years. If you work in front of a screen, you’ll receive an annual eye test and up to €200 towards the cost of a pair of glasses.
Sick pay
Beyond statutory sick pay, Deutsche Bank will also cover the difference between your net salary and the statutory sickness benefit allowance. The duration of the sick pay will be dependent on the number of years you’ve worked with us.
We are dedicated to providing you with the maximum financial security we can offer – from special savings schemes to subsidized public transport, we want you to make the most of your finances. In addition to competitive compensation, you’ll enjoy a range of benefits that will help you to thrive.
There is a range of everyday rewards and benefits that are eligible to our employees, ranging from commercial discounts, travel insurance, company car, and travel season tickets (dependent upon the role, and location).
We understand that pensions can be a dry topic; however, here at Deutsche Bank, we are dedicated to simplifying the complexities, so that all of our people can enjoy their lives beyond work. To provide a great foundation for your future, we provide our people with a comprehensive pension scheme that delivers all the security and flexibility you need.