CIBC

  www.cibc.com
  www.cibc.com

CIBC Reviews

Updated November 29, 2014
Updated November 29, 2014
564 Reviews
3.3
564 Reviews
Rating Trends

Recommend to a friend
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Victor Dodig
3 Ratings

Review Highlights

Pros
  • Good culture with a renewed focus on continuous improvements and work life balance (in 47 reviews)

  • Good benefits for staff: free service charges and discounted rates on loans and mortgages (in 28 reviews)


Cons
  • No work life balance at some departments, with lack of respect for people's vacation (in 18 reviews)

  • They preach accountability but senior management avoids accountability at all costs (in 18 reviews)

More Highlights

99 Employee Reviews Back to all reviews

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  1.  

    Mortgage

    • Work/Life Balance
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at CIBC

    Pros

    Well paid position in company

    Cons

    Very little growth opportunities heer

    Advice to ManagementAdvice

    Make it challenging

  2.  

    Good

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Retail Verification Officer in Scarborough, ON (Canada)
    Current Employee - Retail Verification Officer in Scarborough, ON (Canada)

    I have been working at CIBC full-time (less than an year)

    Pros

    Great company to work for

    Cons

    A lot of gossip in certain departments

  3.  

    Unnecessarily difficult place to work. Branch level.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Customer Service Representative in Toronto, ON (Canada)
    Former Employee - Customer Service Representative in Toronto, ON (Canada)

    I worked at CIBC part-time (more than an year)

    Pros

    Many nice people at work but can be very clique-y. Lots of job experience. Lots of coaching.

    Cons

    Coaching to the point of being annoying. Emphasis on sales, sales, sales. Selling to people who can't afford the products is encouraged. Boring contests that don't pay out. When people win the big across-Canada contests they have to pay a ton of taxes on the prize. Management can be secretive and sneaky There is no privacy for you if you do any banking there,...they talk amongst themselves about your transactions. Lots of high-school drama and gossip. Some places managed better than others. I worked at 2 branches....the management at one of them was phony, mean, and nasty, and the other was fantastic, kind, and well-liked. The payscale compared to other banks is the lowest.

    Advice to ManagementAdvice

    People should be able to do transactions that are private EVEN if they work there. Being professional is better than being mean and rude.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
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  5.  

    CSR

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Vancouver, BC (Canada)
    Current Employee - Anonymous Employee in Vancouver, BC (Canada)

    I have been working at CIBC full-time (more than 8 years)

    Pros

    add some local working experiences. this country always request local experiences when you apply for almost every job.

    Cons

    training is necessary. target is huge and always under supervision. the feeling is not good.

    Advice to ManagementAdvice

    promote oppotunities

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  6.  

    Interesting

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Credit Specialist in Toronto, ON (Canada)
    Former Employee - Credit Specialist in Toronto, ON (Canada)

    I worked at CIBC full-time (more than an year)

    Pros

    You have many opottunities to move inside and progress. People who working with are freindly and nice. Multicultural company. No discremination

    Cons

    Ask you to do many tasks and it is all priority. Poor management, they dont know what exactly want. Very confusing. Poor salary

    Advice to ManagementAdvice

    Improve your process for evaluation and listen opinion from down. Improve salary too

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7.  

    overworked

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Advisor in Regina, SK (Canada)
    Former Employee - Financial Advisor in Regina, SK (Canada)

    I worked at CIBC full-time (more than 5 years)

    Pros

    opportunity to move up in the company

    Cons

    unnessesary constant stress from management

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8.  

    Not A Place for A Great Career

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at CIBC

    Pros

    Nothing but pay and downtown location.

    Cons

    Management does not care about employees' career path. Old boys club.

  9.  

    Stressful work environment, robbery risk.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Services Representative in Windsor, ON (Canada)
    Former Employee - Financial Services Representative in Windsor, ON (Canada)

    I worked at CIBC full-time

    Pros

    Good benefits for staff: free service charges and discounted rates on loans and mortgages.

    Cons

    Low pay, short breaks, stressful environment. Constantly on your back to sell more...even when the client doesn't need a product you are expected to sell something.

    Advice to ManagementAdvice

    Back off .

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  10.  

    After two years, it's been enough.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Project Management in Toronto, ON (Canada)
    Current Employee - Project Management in Toronto, ON (Canada)

    I have been working at CIBC full-time (more than 3 years)

    Pros

    - salary (debatable for some)
    - bonus and raises scheme - though this is debatable as so much relies on management, but a lot is in your control
    - benefits
    - steadiness
    - diversity... but see below

    Cons

    - diversity. It could be better. For minorities, females, handicapped especially those that want to move up...
    - upward mobility. This is tough as the general corporate structure is a pyramid, so there's only so far people can go.
    - leadership. In my department, we have a new VP (about a year). Wonderful person to work with, but no vision.
    - general management. And without going into incendiary details, mostly the reason why i'm leaving. Lack of autonomy, micromanagement, comes off hypocritical (though I don't think they mean to be)

    Advice to ManagementAdvice

    Watch what your staff, especially the younger ones are doing. They need a leader, not a boss. They need to be spoken to with respect.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11.  

    Great opportunity. Poor management. Customer Service Representative.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Customer Service Representative in Calgary, AB (Canada)
    Current Employee - Customer Service Representative in Calgary, AB (Canada)

    I have been working at CIBC full-time (more than an year)

    Pros

    My coworkers are great people. The client relationships I've built in the 2 years I've worked at CIBC are amazing. Excellent hours and stability.

    Cons

    Unfortunately young kids are hired into roles they are not ready for. It's a big gap for CIBC. Management is not very understanding when it comes to your personal life either. If you communicate to your superior that you, in fact, do not want to absorb responsibilities of another role (that you will not properly be compensated for) guess what? It will be pushed on you. Without training. And with 5 people telling you 5 different ways of doing said role.

    Advice to ManagementAdvice

    Stop treating us like a number. If you want us to sell, give us a proper salary and an office. The micromanaging is really ridiculous. It feels like you don't trust your team. Thanks for the vote of confidence. I was hired to build relationships. I've done that extremely well. Please do not try to force us to destroy that by selling.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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