COMMENT: I love working for Deutsche Bank. My colleagues are delusional about pay

13 March 2019

2 minute read

COMMENT: I love working for Deutsche Bank. My colleagues are delusional about pay

I work for Deutsche Bank and I'm fed up with reading all the complaints from people who don't. If you don't like it here, then leave - go and find a better job with better pay somewhere else. You can't? Oh, what a surprise.

After all the complaints about Deutsche Bank bonuses last week, I'd like to ask my colleagues what they really think they're worth. There's a lot of delusion around this. - For example, there is no way that someone who books $10m selling FX should get the same as someone selling distressed debt. The addressable audience is far bigger for FX, the level of expertise is lower, and the bank's ability to monetize client activity is lower. It's patently ridiculous to pretend this isn't the case. And yet plenty of FX people here (and probably elsewhere) seem to maintain the fiction that they're underpaid.

So, my message to my colleagues is this: take a long hard look at yourself before you complain again. What makes you think you're worth so much? - If you're trading flow FX with Blackrock there is absolutely no way you should be paid on a par with someone originating financing opportunities with corporates.

Stop comparing yourself to other people who are more vital to the organisation and who generate better revenues than you. And then stop whinging about it in public.

Personally, I think Deutsche Bank is a great place to be. If you work in credit trading at any other bank your job will be far, far less interesting. There's a reason people stay at Deutsche Bank. - It remains one of the most inventive banks on the Street and it has the balance sheet to back it up.

So, if you don't like it here, then leave - you won't find a better alternative. And yes, my own bonus was exceptional.

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AUTHORArnie Bruder

Insider Comment

3 comments

Pe
Peter Harris
14 March 2019
Really?
The only thing delusional, is the writer's sense of reality, and the simpleton who thought it was amusing to publish it.
With a Derivatives book of over 1 quadrillion dollars, a ticking hydrogen bomb, which is about to destroy the global economy, on a scale never seen in the history of man.
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An
Anonymous
14 March 2019
LOL Look who's delusional now. You're on a sinking ship. DB is NOT innovative. Did you recently jump on the "waistcoat"/Patagonia vest bandwagon? Bc EVERY OTHER FIRM already has them and has had them for a long time. What a laughingstock. They barely have their sh*t together in the US. I left and found better in the form of a 50% base salary increase with better benefits; it's like a third world country there - they can't even clean the bathrooms properly. No one is proud of the brand anymore. You know what the discuss in exec meetings there? Not how to fix things - the topic somehow always moves to "How do we get internals to stop talking to the media?"
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