Toxic culture - Bulge bracket ethos without the remuneration - Investment Banking Deutsche Numis Employee Review

1.0
11 Feb 2020
Recommend
CEO approval
Business outlook

Pros

Strong broking and research credentials Good office location

Cons

Lacks experience in the mid-tier management High staff turnover (some sector teams in particular) Quarterly appraisals and rankings Culture of facetime

Explore other reviews about Deutsche Numis

2.0
3 Apr 2026
Recommend
CEO approval
Business outlook

Pros

Numis historically had an agile and efficient culture and was a market leader in UK corporate broking and ECM. Some teams are still led by top performing and well respected bankers with good deal flow

Cons

Deutsche Bank acquisition impacted the business model and leadership within Numis have limited control over the direction of the business Culture varies a lot team by team. There are many good bankers and teams with good cultures, however some have been led by poor performing bankers who bring in very few deals or new clients. A minority of teams, typically the worst performing ones, were known to have toxic cultures.

4.0
31 Dec 2025
Recommend
CEO approval
Business outlook

Pros

Great for progression and good for learning

Cons

Internship was too short and didnt provide rotation

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