Commonwealth Bank of Australia Reviews

Updated August 25, 2015
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Commonwealth Bank of Australia CEO & Managing Director Ian Narev
Ian Narev
63 Ratings

Pros
  • Work life balance is fair for project work with option of time in lieu for weekend work (in 23 reviews)

  • Lovely people excellent systems and good culture (in 10 reviews)

Cons
  • Still lots of red tape (but less than other Aussie banks out there) (in 9 reviews)

  • Process driven, management, work-life balance (in 5 reviews)

More Pros and Cons

119 Employee Reviews

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  1. Head of Corp FX Sales, Build a major client base of Fortune 500 companies that would partner well with CBA

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director in New York, NY
    Former Employee - Director in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Strong balance sheet and credit rating with smart, energetic personnel, great place to work.

    Cons

    Time zone with HQ, lack of products to sell to Fortune 500 clients.

    Advice to Management

    Continue to be who you are and expand at the right pace


  2. x

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Commonwealth Bank of Australia full-time

    Pros

    job security, competitive salary, breadth of work

    Cons

    slow, lack of career development opportunity

    Advice to Management

    x


  3. Product Owner

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Product Manager in Sydney (Australia)
    Current Employee - Product Manager in Sydney (Australia)
    Recommends
    Neutral Outlook

    I have been working at Commonwealth Bank of Australia full-time (More than 5 years)

    Pros

    lots of places to move internally

    Cons

    a lot of red tape


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Not bad

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Mobile Banker in Sydney (Australia)
    Former Employee - Mobile Banker in Sydney (Australia)
    Approves of CEO

    Pros

    Big company, decent pay. Overall culture is supportive of career development but of course middle management may have other ideas.

    Cons

    Difficult to advance to a different division from certain divisions, eg retail banking is looked down upon by other divisions especially if you have been working in less affluent suburb, which can make it difficult to move to a better position. Once you get into a good division it is easier to move anywhere else you like.


  6. Great time at CBA

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Architect in Sydney (Australia)
    Current Employee - Architect in Sydney (Australia)
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Commonwealth Bank of Australia full-time (More than 5 years)

    Pros

    Leader in technology and innovation compared to the other banks and giving agile practice methodology a red hot go. Communication from the leadership is also consistent

    Cons

    Pay is average compared to other banks Enterprise company will always have some form of inefficiencies and politics. May not be suitable for everyone

    Advice to Management

    Better talent retention as well as training for EMs to be better at coaching that being directive


  7. Client Coverage Group

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Client Coverage in London, England (UK)
    Current Employee - Client Coverage in London, England (UK)
    Recommends
    Positive Outlook

    I have been working at Commonwealth Bank of Australia full-time (More than 3 years)

    Pros

    Nice workplace with supportive and collaborative team members. Lots of team building activities like long lunches and frequent get togethers.

    Cons

    Internal processes are burdensome and sometime lengthy.

    Advice to Management

    Better pay would be good, CBA is not a household name like in Australia and management needs to offers the right incentives to retain talent.


  8. Helpful (1)

    Senior manager

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Commonwealth Bank of Australia full-time

    Pros

    Great work life balance Lots of focus on development Lots of employee benefits

    Cons

    Lower wage than other banks Low talent retention Lots of red tape Poor management in some areas

    Advice to Management

    need younger managers with a different view to balance out old school management


  9. Positive Environment

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Architect in Sydney (Australia)
    Current Employee - Architect in Sydney (Australia)
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Commonwealth Bank of Australia full-time

    Pros

    'Can' is an internal attitude. When working with people they will proactively run with tasks after you engage with them. CBA is far better than other financial institutions I have worked for. Management is extremely customer focussed with genuine concern for doing the right thing by employees and customers. Actively pursue and embrace diversity.

    Cons

    Its a large organisation so can take a fair amount of time to find your way around the structure. The geographical locations are not ideal.

    Advice to Management

    Continue to be fully open and transparent to employees and customers. Look to support the community outside of sport and art sponsorship.


  10. Helpful (1)

    Lots of opportunity, need better change management

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Talent Acquisition Consultant in Sydney (Australia)
    Current Employee - Talent Acquisition Consultant in Sydney (Australia)
    Recommends
    Positive Outlook

    I have been working at Commonwealth Bank of Australia full-time (Less than a year)

    Pros

    Lots of opportunity to learn and get involved in projects outside your immediate job. Flexible work and balanced lifestyle hugely supported for all employees, carers and non-carers. World class technology, very fast paced change, always evolving and highly focused on continuous improvement.

    Cons

    Some areas of the business maintain a 'pay your dues' culture when it comes to promotion and reward for performance. Lacks transparency and well executed change management.


  11. Customer Service Representative

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Commonwealth Bank of Australia full-time

    Pros

    Very good culture overall. Good development opportunities and large network of people to help you get where you need to go! Everyone aligned to a common vision and great focus on the customer

    Cons

    In order to get ahead you need to play the game a little in terms of politics. Remuneration and benefits have decreased over time.



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