What it does: In India, the bank serves as the hub for many corporate and commercial clients in financing, investment, and wealth management. It supports various private customers and business clients through retail banking.
Mission: The mission statement of Deutsche Bank is to provide high-quality banking services to its customers in various sectors without any interruptions in the financing, and other investment management with a comprehensive product suite. Deutsche Bank aims to become the first point of contact in all financial matters, aspiring to help clients achieve a more sustainable and digitized economy. The core strategy is to expand as a "Global Hausbank".
Size and Presence: Deutsche Bank has over 82,969 employees globally across 58 countries with 156 nationalities. The bank operates branches across 16 cities in India.
Best Known for: Deutsche Bank is best known for being one of the most client-centric banks. It is considered to have a strong focus on financial advisory, fixed income, and currencies. It continues to offer its strategic advice to several corporate clients, which includes market businesses and a highly developed competitor in the wealth management industry, which is considered a top-10 asset manager globally.
The Good Bits: Deutsche Bank is a good startup bank for freshers as it provides interesting and challenging careers for people who can work with talented people in the financing industry. It's a good opportunity to learn about our personal and professional talents by getting exposed to an environment that embraces change, strives for innovation, and recognizes the power of collaboration.
The Not So Good Bits: There is less employee recognition and lower salary increases.
Deutsche Bank‘s Articles of Association were authorized in Berlin on March 10 by the "Royal Decree of His Majesty the King of Prussia". Deutsche Bank was founded in Berlin to promote and facilitate trade relations between Germany and international markets. Its purpose is to build banking businesses of all kinds and develop trade relations with European countries. The founders of the bank are Adelbert Delbrück and the politician and monetary expert Ludwig Bamberger, who are private bankers. Georg Siemens, the first spokesman of the bank's Management Board, and his colleague, Hermann Wallich, were responsible for the bank's development.
The development of the bank has increased drastically and connected Germany to the rest of the world. It developed good relations with Asian countries, as well as European countries, and has had a strong root in the Asia-Pacific for the past 150 years by directing finance for the growth of industries, economies, and markets. In the year 2008, the bank launched its global alternative investment management in India.
Being one of the world's best banks, it has the best culture too. The bank considers every employee responsible for its growth and success. With a good work-life balance, the bank provides its employees with opportunities to grow and succeed professionally. It has its promotion of diversity and inclusion principles across the industry. The bank creates opportunities for all its employees to grow in a positive environment and also supports their development by encouraging mobility and providing mentoring and networking opportunities to be the best and succeed on merit.
They work hard to foster an inclusive culture by encouraging talent and assisting their employees to have successful careers.
Women are strongly encouraged to pursue careers in technical fields. The 'Technology Employee Resource Group' helps women to develop their technical skills like
In Deutsche Bank, the recruitment process happens for four types of people.
The average basic annual salary of a fresher at Deutsche Bank is approximately INR 3 lakh/annum.
The bank explores many CSR projects to impact the lives of many people in India and around the world. Through the youth engagement programme Born to Be, young people, are given a chance to build their lives based on their aspirations. It includes access to quality education, skill-based training, and some basic healthcare activities. This programme benefited around 120,000 young people and children.
Through the ‘Made for Good’ enterprise programme for social good, they do some charity work to know how to use their resources and build their organizations. Deutsche Bank's "In the Community" has helped with the shortage of water in many rural areas, where more than 150,000 people have benefitted from it. They also provide support to the elderly and disabled people in the community.