Incoming DB Aso, any insight on WFH policy ? Would appreciate any and all insight on WFH and culture.
Cheers!
This is for NY office
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Hey there! Based on the most helpful WSO content, it seems that Deutsche Bank has reduced its investment banking coverage in the U.S. to seven sectors from eight, and the Oil & Gas coverage banking has moved to NY. However, there isn't specific information about Deutsche Bank's WFH policy in the NY office.
The culture at Deutsche Bank, particularly in the Houston office, has been described as having some negative aspects, including the culture, pay, and work. But remember, this could vary from office to office and team to team.
As for the general sentiment towards WFH in the investment banking sector, there are discussions about making WFH the default in IB, with the belief that it could lead to happier, healthier, and more fulfilled employees. However, there are also concerns about the loss of indirect knowledge/information absorption that happens in an office setting.
I hope this gives you a bit of insight, even if it's not the exact information you were looking for. Keep in mind that policies can vary greatly between locations and even teams within the same firm. It might be best to reach out directly to your team or HR for the most accurate information. Cheers!
Sources: WFH Should be the Default in IB, Deutsche Bank Closes Houston Office, Cuts ~70 Jobs, DB response to GS survey and WFH culture, Bb/eb WFH policy (may 2022), Wells Fargo vs. Deutsche Bank (non-NY locations): Reputation, Culture, Hours, etc.
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