CIBC Mellon

  www.cibcmellon.com
Work in HR? Unlock Free Profile

CIBC Mellon Reviews

Updated August 11, 2014
Updated August 11, 2014
42 Reviews

2.9
42 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
(no image)
Tom S. Monahan
22 Ratings

Employee Reviews

Sort: Popular Rating Date
  1.  

    Great entry level opportunity, but limited growth opportunities

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Custody Administrator  in  London, CA
    Current Employee - Custody Administrator in London, CA

    Pros

    Flexible work schedules for mothers with children

    Cons

    Low pay and limited advancement opportunities

    Advice to ManagementAdvice

    Offer employees better pay

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    Good short term, bleak long-term

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

    Pros

    Great starting position for new graduates. Great tuition assistance benefit. Company senior managers are great by setting up various employee appreciation events.

    Cons

    Repetitive work. Will very likely result in being pigeon-holed. Very difficult to move internally in the company. Internal submission will usually be met with no response or a candidate is already in mind but position must be posted due to HR rules, so applying is generally pointless. Grade scale rule, cannot jump more than 2 grades even if qualified for the position.

    Advice to ManagementAdvice

    Encourage more internally movement. I left the company because after 6 years, I don't see a future with the company. Not that the company isn't great, but I cannot grow in the company even though the company paid a majority of my personal growth with their tuition assistance program.

    Recommends
    Neutral Outlook
    Approves of CEO
  3.  

    The working culture is getting worse

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

    Pros

    Compensation: standard for fund accountant role, though they will start you with 6 monty contract with no benefit.
    Location: you do work in the heart of financial district at Adeblaide and Bay.
    Dress code: not enforced, though it is business casual, management does not care if you wear something lesser of

    Cons

    Promotion and Career advancement: If you are looking for career advancement, this is probably one of the worst place. I know people who has been here for 8 years and still works as a fund accountant. You only get promoted if the other senior fund accountant leaves and there is no one else in your team that worked longer than you. And promotion is not based on your ability and results but with number of years you served. Even if the senior fund accountant does leave and you are next in line, it will take forever for them to approve your promotion.
    Managers are cost oriented and do not care about their employees: don't expect to get your overtime approved just because you put in the extra work each day after hour because they assign you more work/short staffed. You will be overworked, teams are constantly short staffed because it will take them months to replace someone, while others get fed up with being constantly overworked and quit, creating a vicious cycle. Don't expect nice bonus and raise every year. Bonus is around a 1000 after tax and raise is 1-2%.
    Benefit: below standard, you are actually paying part of the benefit yourself, which is deducted from your payroll, RRSP matching is little.
    System: slow and decreases your productivity.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  4. We want your feedback – Are these company reviews helpful to you?  Yes | No
  5.  

    Bad

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    great people to work with

    Cons

    training and organization were poor

  6.  

    Senior Fund Accountant

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

    Pros

    easy job, not much thinking involved

    Cons

    lack of exit opportunities, lack of advancement, low pay versus industry,

    Advice to ManagementAdvice

    smarten up and pay according to industry average, stop outsourcing everything to india

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7.  

    Interview

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

    Pros

    Very nice working environment and friendly coworkers

    Cons

    Long working hours during peak time

    Advice to ManagementAdvice

    None

    Recommends
    Neutral Outlook
    Approves of CEO
  8.  

    It was a formal interview for fund accountant role.

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

    Pros

    Career progression in investment banking.great compensation and training program. Experience will count towards CFA designation.

    Cons

    Working hours will be long. 9:30 to 6:00 but depend on work may have to stay longer.

    Positive Outlook
    Approves of CEO
  9.  

    Great Entry-Level Experience

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

    Pros

    Volunteering events and community outreach which are a good way to reach out into the community, positive atmosphere and culture, very social work environment, supporter of continuous professional development

    Cons

    Not much to say, as many of the positions in the company are a great starting point if you are looking to enter the investment funds industry. Depending on the position, there may be limited advancement opportunities, but the opportunities to develop within the company will allow you to continuously build your skillset.

    Advice to ManagementAdvice

    Interact directly with your staff more often to get their opinion on how to improve, as well as opening up more opportunities to grow a career with the company, or with its parent companies.

    Recommends
    Neutral Outlook
    Approves of CEO
  10.  

    fund accountant

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

    Pros

    fun and repetitive work, co-workers are friendly and compensation is greater than other companies

    Cons

    sometimes you have to work longer hours during peak time

    Recommends
    Positive Outlook
    No opinion of CEO
  11.  

    Fund Accountant

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

    Pros

    Good Location at dt Toronto, good place to start up your career.

    Cons

    Low paid, too causal, long work time

    Advice to ManagementAdvice

    No advice to the management

    Recommends
    Neutral Outlook
    Approves of CEO

Worked for CIBC Mellon? Contribute to the Community!

Your response will be removed from the review – this cannot be undone.