CIBC
3.1 of 5 463 reviews
www.cibc.com Toronto, Canada 5000+ Employees

CIBC Reviews

Updated Jul 10, 2014
All Employees Current Employees Only

3.1 463 reviews

                             

62% Approve of the CEO

CIBC President, CEO, and Director Gerry McCaughey

Gerry McCaughey

(216 ratings)

56% of employees recommend this company to a friend
135 Employee Reviews Back to all reviews
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    Fairly Good

    Anonymous Employee (Current Employee)

    ProsNot micro managed by superiors

    ConsTheir pay scale could be higher

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    Old process hampers productivity

    Anonymous Employee (Current Employee)

    ProsWork perks, Work life balance, management open to suggestions, opportunity to move into other departments.

    ConsOK compensation, slow pace of work, lots of process in place, limited exposure to new technologies.

    Advice to Senior ManagementSpeed up the change.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    CIBC great learning experience but to much politics and the pay isnt great.

    Anonymous Employee (Current Employee)
    Toronto, ON (Canada)

    ProsYou do learn alot, depending on the department the training is amazing or non existent, Large company alot of different departments to move too.

    ConsLow pay compared to the other big 5 banks of course politics depending on which department your in.

    Advice to Senior ManagementHire people for merit not cause you like them or your related to them in some way.

    No, I would not recommend this company to a friend

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    Was not a pleasant work atmosphere

    Anonymous Employee (Former Employee)

    ProsExperience with a great company. Good benefits.

    ConsStuffy work environment and sub par training

    Advice to Senior ManagementHave better communication with new employees during training

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    New blood required

    Director (Former Employee)
    Toronto, ON (Canada)

    ProsWork life balance was great at CIBC, and if you are fortunate enough to be in a pocket with a great people manager it's a great experience.

    ConsYour people manager defines your experience with CIBC, with the number of re-organizations it's likely you'll end up with a less than competent "lifer" at one point or another. The people who have been there for longer than twenty years actively engage in job protection, discrediting new employees and generally display unsavoury behaviours.

    Advice to Senior ManagementAllow the new generation of employees help CIBC achieve success being six of five is no longer good enough for your employees.

    No, I would not recommend this company to a friend

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    Be prepared to "donate" many "volunteer hours" in the branch

    Branch Manager (Current Employee)
    London, ON (Canada)

    Prosloved working with the public, training new staff. Many excellent training programs
    Vank does tend to promote from within

    Consvery agressive targets, reach target then it's increased
    expectation of too many "volunteer hours"
    favouritism in staffing and rewards very obvious

    Advice to Senior Managementstress employee satisfaction, only way to get customer sat

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    COMPANY THAT NEEDS A TOTAL MAKEOVER!!

    Anonymous Employee (Current Employee)
    Toronto, ON (Canada)

    ProsLong standing institution. Good People in the branches. Some managers are very good other are complete opposite.

    ConsThe BIGGEST Problem this organization has - is how they have created silo(s) or divisions within the organization which all compete against each other for business- rather than Working as ONE BANK!! This creates friction and lots of politics within the organization. Senior Management seems to continue to avoid this issue - which is their BIGGEST HURDLE! Competition against other FIs is one thing- but within our own organization- is ABSOLUTELY RIDICULOUS Then sales people are penalized if doing the right thing for a client to move them to another offer. THIS HAS TO STOP. Senior & Executive Mgmt- has to think very Long and Hard on realistic goals and create a shared system for all where everyone works together. Once that happens people become less anxious, start feeling happier and results will start to improve. It is not a rock science. They just need to believe in their employees more.
    Pay structures for staff at front lines- should be revisited- as they cannot continue to expect higher level of performance when you are hiring young kids just out of school. Better mentoring systems should be in place for new hires. The Executive payout ratio vs the employee is absurd and that also needs to change. When management at the TOP takes a vested interest in the entire staff of this company- that's when things will start to turn around!@

    Advice to Senior ManagementCreated automatic sales tracking systems without having to creat so much work on Horizon platform.
     Sales pipeline recorded on horizon yet DVPs continue to want manual tracking. Get the tracking all automated- you will have much less GMs. Get their technology up to speed with the rest of the FIs and you can cut off a lot of top heavy mgmt. Senior Management- needs to start showing they care and understand - as we all are human and have families and lives outside of work.

    No, I would not recommend this company to a friend

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    Its ok

    Senior Financial Services Representative (Current Employee)
    Hamilton, ON (Canada)

    ProsGood pay, office culture drove me crazy.

    ConsAnnoying people, office culture, so annoying.

    Advice to Senior ManagementStop annoying people who drive results.

    Yes, I would recommend this company to a friend

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    Long hours, good colleagues

    Anonymous Employee (Former Employee)
    Vancouver, BC (Canada)

    ProsEnjoyed interaction with clients, fast paced work environment

    ConsThis position required standing at the job for the duration of the day.

    Yes, I would recommend this company to a friend

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    Great learning experience.

    Anonymous Employee (Former Employee)

    ProsOffers opportunities to grow

    ConsThe branch manager is not professional enough

    Yes, I would recommend this company to a friend

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Glassdoor is your free inside look at CIBC reviews and ratings — including employee satisfaction and approval rating for CIBC CEO Gerry McCaughey. All 135 reviews posted anonymously by CIBC employees.