CIBC Reviews

Updated September 21, 2014
Updated September 21, 2014
503 Reviews
3.3
503 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
CIBC President, CEO, and Director Gerry McCaughey
Gerry McCaughey
233 Ratings

Review Highlights

Pros
  • There is considerable work-life balance and the compensation is good (in 41 reviews)

  • Good benefits, employee shares, free employee bank accounts (in 23 reviews)


Cons
  • No work life balance at some departments, with lack of respect for people's vacation (in 14 reviews)

  • They preach accountability but senior management avoids accountability at all costs (in 16 reviews)

More Highlights

149 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Stability but no integrity

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Contractor  in  New York, NY
    Former Employee - Contractor in New York, NY

    I worked at CIBC as a contractor for more than a year

    Pros

    The compensation was fair to good.

    Cons

    The place is permeated with a culture of fear. Management plays games to dodge the regulators and no one seems to have their eye on the big picture of who the bank is supporting and endorsing and what those clients are doing. There is no moral or ethical backbone.

    Advice to ManagementAdvice

    Engage in communication with your staff, and institute a zero tolerance policy regarding loud public verbal abuse of staff by senior members - or by anyone!

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  2.  

    Fairly Good

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at CIBC

    Pros

    Not micro managed by superiors

    Cons

    Their pay scale could be higher

  3.  

    Good for newer employees or those with lots of credentials.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at CIBC full-time

    Pros

    Good banking benefits. Also good brand name recognition with valuable sub-brands (e.g. Wood Gundy). Overall decent compensation although you will often be told you are expensive.

    Cons

    Big push to eliminate many of the experienced/expensive employees from the support areas and replace them with less experienced/expensive generalists.

    No opinion of CEO
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  5.  

    Excellent financial systems and clear guidelines

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

    I worked at CIBC full-time for more than a year

    Pros

    Good pay at market rate, work life balance. Systematic reporting tools, good report planning. Will not just focus on english presentation but rather on the material (meat) of the reports.

    Cons

    Staff relationship not good, no staff gathering, very separate but yet no gossiping (which is good)
    One bad thing is the corporate title is a lot higher than the title in your reference letter (reference check), such as a Senior Finance Manager title used everyday but when you left, they reported you as a Senior Financial Analyst. So your current employer may think you lied about your title in the resume.

    Advice to ManagementAdvice

    Should not outsource your HR too much, very hard to control views and performance.
    Should align corporate title and title recorded in the HR system (where you get your reference check) and the HR system is outsourced.

    Recommends
    Positive Outlook
  6.  

    Good company with lots of opportunity in sales and leadership roles

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at CIBC

    Pros

    Lots of opportunity for promotion if you can achieve aggressive targets/expectations. They offer training programs for certain roles.

    Cons

    The company believes in micromanagement, but calls it supportive leadership. Very high expectations, especially with support roles being eliminated over time. Work,life balance is very challenging, especially in leadership roles. Bonus structure complicated and hard to predict.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  7.  

    It was very challenging and required lots of analytic skills.

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

    I have been working at CIBC as a contractor for less than a year

    Pros

    This experience looks good on resume as it will be step in the bank.

    Cons

    Salary was not up to mark compared to other major banks.

    Advice to ManagementAdvice

    Review salary compared to work done.

    Recommends
    Neutral Outlook
    No opinion of CEO
  8.  

    good

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at CIBC

    Pros

    good working environmental, nice locations

    Cons

    it takes lots of time to start working

  9.  

    FSR

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

    I have been working at CIBC full-time for more than a year

    Pros

    Good people, nice schedule. The training is really good and you can feel that the management care about it.

    Cons

    High pressure, bad software (compass the new software is new and it show) and sadly and most importantly : low salary for fsr2. However it you're able to achieve your goal (hello breakaway) you can be promote pretty fast.

    Advice to ManagementAdvice

    Cibc is a good company for achieving your goals if you're willing to work with a lot of pressure.

    Recommends
    Neutral Outlook
    No opinion of CEO
  10.  

    great contract work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at CIBC

    Pros

    flexible hours that recognize good work

    Cons

    there is tooooo much bureaucracy

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Customer Service Representative

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

    I worked at CIBC part-time for more than a year

    Pros

    Great way to gain sales experience
    Learn how to do many types of transactions
    Good team environment

    Cons

    Model is built too much around achieving sales
    Progress is very slow. If you hold a university degree they wouldn't even consider you for a role more related to your skills unless you slowly work your way through the company (csr->fsr... Etc). Cannot go from a csr to anything else.

    Advice to ManagementAdvice

    Identify the people that have the skills and experience and listen to their needs and allow them to move within roles more easily. I left cibc because I had a commerce degree but when I would apply for any jobs related to my education I received no help and not once I was able to interview for a new role. I ended up leaving for a new job at an investment bank.

    Recommends
    Neutral Outlook
    No opinion of CEO

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