CIBC Reviews

Updated October 17, 2014
Updated October 17, 2014
524 Reviews
3.4
524 Reviews
Rating Trends

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

Review Highlights

Pros
  • Good culture with a renewed focus on continuous improvements and work life balance (in 45 reviews)

  • Good benefits, employee shares, free employee bank accounts (in 26 reviews)


Cons
  • No work life balance at some departments, with lack of respect for people's vacation (in 17 reviews)

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

More Highlights

157 Employee Reviews Back to all reviews

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  1. 1 person found this helpful  

    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 (more than an 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.  

    It was alright. Everyone was professional. No major issues.

    Former Employee - Technical Analyst in Toronto, ON (Canada)
    Former Employee - Technical Analyst in Toronto, ON (Canada)

    I worked at CIBC as an intern (less than an year)

    Pros

    Personal growth: lots of the higher-ups started at CIBC years ago so you can climb up the corporate ladder
    Everyone was a pleasure to deal with; good folks

    Cons

    Training was very condensed.
    Call quality standards are a pain. Can't have dead air for more than 30 seconds. Can't put the client on hold for more than two minutes.

    Recommends
    Positive Outlook
    No opinion of CEO
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  5.  

    Cibc

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

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

    Pros

    Great I'd you work in a friendly branch

    Cons

    Bad communication between departments, system sucks

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

    Good company to work for.

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

    I have been working at CIBC full-time (more than 5 years)

    Pros

    Lots of turnover so opportunity to advance

    Cons

    Not compensated enough for work required

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

    Poor work and balance lifestyle, no programs

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Project Coordinator in Toronto (Australia)
    Former Employee - Project Coordinator in Toronto (Australia)

    I worked at CIBC full-time (more than 8 years)

    Pros

    Large organization where you can move around for experience.

    Cons

    Internal senior promotions are very difficult to achieve. CIBC likes to hire outside for senior management and executive levels.

    Advice to ManagementAdvice

    Have more work and balance programs. Not every employee can start at 8:30am/ jobshare programs/ work from home a couple of days program ... other organizations have established good programs for work flexibility, CIBC is far behind.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  8.  

    Pressured beyond your capacity...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Services Representative II
    Former Employee - Financial Services Representative II

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

    Pros

    Bank account discounts and fees are waived, employee credit card lower rates and other bank product has lower rates for employees.

    Cons

    sales goals and targets are unrealistically high!
    terrible management.
    favouritism with staff.
    Only a portion of medical benefits are paid.
    Sales, sales, sales!

    Advice to ManagementAdvice

    Give your staff reasonable time to absorb the training.
    Do not expect staff to put into practice one training after another, after another, after another.
    Staff are not machines.
    Even machines wear out when too worked out!

    Doesn't Recommend
    No opinion of CEO
  9.  

    work hard but pay low

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

    I worked at CIBC full-time (more than 3 years)

    Pros

    good work environment in downtown

    Cons

    stressful work load, pay lower compared with other banks

    Recommends
    Neutral Outlook
    No opinion of CEO
  10.  

    Like most large size enterprises in Canada - stable and moving slowly.

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

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

    Pros

    Good work-life balance and training opportunities.

    Cons

    It is not a dynamic environment where enhancements are made easy.

    Recommends
    Neutral Outlook
    No opinion of CEO
  11.  

    FSR II

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

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

    Pros

    Good office culture, Fantastic training program

    Cons

    no work life balance, Your growth will lot depend upon your manager

    Recommends
    Approves of CEO

CIBC Photos

Commerce Court (west), where CIBC is headquartered in Toronto (Photo attributed to SimonP - licensed under the CCL Attribution-ShareAlike 3.0 & GFDL, version 1.2)
40 Dundas office
40 Dundas office - common area
Commerce Court (North), where CIBC is headquartered in Toronto (Photo attributed to SimonP - licensed under the CCL Attribution-ShareAlike 3.0 & GFDL, version 1.2)

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