CIBC

www.cibc.com

CIBC Reviews in Canada

Updated January 30, 2015
Updated January 30, 2015
588 Reviews
3.3
588 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
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Victor Dodig
17 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

515 Employee Reviews Back to all reviews

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  1. 1 person found this helpful  

    Great learning experience

    • 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 people, lots of community involvement, good pay

    Cons

    Limited opportunities for change/advancement in some areas. Some members of upper management are disrespectful and talk down to others without any consequences because they get business results.

    Advice to ManagementAdvice

    Work on people skills. Treat people with respect and empathy.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Exactly how you think working at a bank should be--aggressive, profit driven with a strong focus on customer service

    • 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

    Pros

    Ample room to move up. If you do well you're rewarded well. Competitive.

    Cons

    As with any large organization, processes take time and there may be faults at times

    Advice to ManagementAdvice

    Work on more customer focused approach to financial services and increase competitiveness. Considering loosening lending policies to increase growth.

    Recommends
    Positive Outlook
    No opinion of CEO
  3.  

    Test analyst

    • 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 place to work for entry level people

    Cons

    Need to do some net working

    Advice to ManagementAdvice

    good culture

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Dry but Learnt Banking

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Associate in Montreal, QC (Canada)
    Current Employee - Associate in Montreal, QC (Canada)

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

    Pros

    - Nice atmosphere
    - Decent co-workers
    - Work/Life Balance
    - The banking world is what you expect but it IS a slog and not very fulfilling.

    Cons

    - Too many meetings.
    - Again, as a bank, it is very conservative so the structure of your day is dictated alot and there is not much creativity.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  6.  

    CSR

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

    I have been working at CIBC

    Pros

    Best Place to Work. in banking..

    Cons

    As CSR also you have to work on sales....!!!

    Advice to ManagementAdvice

    Keep doing the way you are doing.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    PROJECT MANAGER

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

    I worked at CIBC full-time (more than 10 years)

    Pros

    good locations
    decent salary and bonus package
    very structure organization
    willing to listen
    organization is big enough to provide opportunities to move around

    Cons

    the organization is too big to get things done fast
    relatively high political environment
    changes are slow

    Advice to ManagementAdvice

    listen more

    Recommends
    Positive Outlook
    No opinion of CEO
  8.  

    Ok

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

    I have been working at CIBC

    Pros

    Decent wage but no raises. Good initial training. The bank provides a good selection of products to offer its clients.

    Cons

    Unreasonable sales goals. Priorities change all the time. A real lack of ongoing training. Management offers a lot of negative feedback but with no solutions.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  9.  

    Great company, but poor salary and sense of employee importance

    • 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 as a contractor (less than a year)

    Pros

    - Comfortable and enjoyable work environment
    - Great initiatives for employees regarding charity and diversity
    - Effective training

    Cons

    - Relatively low compensation
    - Poor leadership from supervisors and senior management
    - Not much room for growth within the company

    Advice to ManagementAdvice

    - Should implement more initiatives to provide employees with a greater sense of importance

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  10.  

    Happy for the first 5 years, quickly moved up and now stuck.

    • 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 (more than 5 years)

    Pros

    people, trust, teamwork, accoutability, learning

    Cons

    Salary, work life balance, hierarchy, unqualified, tuition.

    Recommends
    Positive Outlook
  11.  

    Domestic focus, lacks direction and strategy

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

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

    Pros

    Very good work life balance
    Direct supervisors do not believe in face time

    Cons

    Minimal transfers between teams or departments
    Unwilling to invest in and develop employees
    Lack of long term direction and vision on the part of senior management
    Opaque bonus structure leads to large gaps between expected and actual payments
    Mid and back office groups include a large percentage of weak performers
    Unwilling to terminate weak performers

    Advice to ManagementAdvice

    Terminate weak performers and pay for profit generating activities.
    Develop a clear strategy of what the bank is aiming to be beyond a low risk bank

    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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