Vantaggi
An excellent place to launch your career. In today's conditions DB is actually doing alright. Good name, good programs for interns and first year grads. If you received your offer after an internship, you'll be placed in a rotational program for a bit. At the end you'll get to decide what group you liked the most. There are plenty of opportunities to advance to middle management.
Svantaggi
The atmosphere seems too "political". People in middle management are simply stuck in middle management. Everyone in the upper management tier was either someone they brought in from Goldman or some other bank, or they were from the UK. Very few of the Directors and MD's that I've met and worked with rose up through the ranks within DB itself. I don't know if this is true for all divisions. Makes you think you have no future there beyond being a VP.