CIBC World Markets

  www.cibcwm.com
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CIBC World Markets Reviews

Updated July 12, 2014
Updated July 12, 2014
55 Reviews

3.2
55 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
CIBC World Markets CEO Richard W. Nesbitt
Richard W. Nesbitt
25 Ratings

Review Highlights

Pros
  • Challenging, financially rewarding, average work-life balance depending on the group (in 6 reviews)

  • Mostly good people to work with (in 5 reviews)


Cons
  • And from my discussions with friends at other Canadian banks the worst of the bunch (in 4 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Great place to work and learn the ropes of banking and lending.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Transaction Manager  in  New York, NY
    Former Employee - Senior Transaction Manager in New York, NY

    Pros

    Its a good place to learn to manage and run your transactions almost as if its your own business - it gives you an insight into Entrepreneurship. I was able to do things my own way close deals the ay i saw fit obviously the realm of company policy. Its also a very relaxed and friendly environment. I was part of the real estate finance group in NY city, which is a very small neat bunch. Great benefits. Good compensation. The harder you worked the more money you made.

    Cons

    Diversity, Long hours, working weekends and late into the night (1am). - its banking so you should expect it.
    Time off - 4 weeks for associates and above and 3 weeks for analysts and administration staff.
    Promotions - It was not very clear how promotion was achieved, except that it was your manager and other MDs that agreed based on your performance and how you worked with everyone else.

    Recommends
    No opinion of CEO
  2.  

    It was a great experience working with the company. I learned a lot while completing my internship with them

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Analyst  in  New York, NY
    Former Employee - Financial Analyst in New York, NY

    Pros

    They appreciated good work. When you stayed over the required hours they noticed and praised you on it. I would recommend them to anyone.

    Cons

    Industry slowed down a bit. Since the worldwide decline in the financial industry all banking slowed down across the globe

    Advice to ManagementAdvice

    None

    Recommends
    Positive Outlook
  3.  

    Good company until culture changed with new mgmt team

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Executive Director  in  New York, NY
    Former Employee - Executive Director in New York, NY

    Pros

    Prior to 2009: Early opportunity for advancement, colleagues

    Cons

    Mgmt hired in 2009 uses termination as a motivational tool, firing someone from each department every year. Creates a culture of fear. 3 people were terminated in 2 years for malfeasance which was a direct result of this mgmt style.

    Advice to ManagementAdvice

    Provide employees with the resources necessary to achieve their goals. A phone and a computer is not a capital markets platform.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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  5.  

    They are a decent employer

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Director  in  New York, NY
    Current Employee - Director in New York, NY

    Pros

    Great with flexibility and timing

    Cons

    reputation and pay are not great

    Advice to ManagementAdvice

    Very slow

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  6.  

    Conservative Bank

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Operations Associate  in  New York, NY
    Former Employee - Operations Associate in New York, NY

    Pros

    Work/Life Balance
    Stability
    Risk Averse Culture
    Innovative
    Opportunistic Management

    Cons

    Salary
    Upward Mobility
    Learning Opportunities
    Senior Management Turnover
    Not growth oriented

    Advice to ManagementAdvice

    Allow employees more autonomy and ability to make decisions. Rotate employees throughout the company to reduce turnover and build relevant business skills.

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    Good quality of life and good co-workers.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Director  in  New York, NY
    Former Employee - Director in New York, NY

    Pros

    Co-workers were nice and fun to be around. Quality of life was seen as a priority. Was able to work from home when needed. Good benefits.

    Cons

    Senior management is based in Toronto. Not a lot of helpful information flowed down from them. It sometimes felt like they were hiding things from the NY office.

    Recommends
    No opinion of CEO
  8.  

    steady

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Associate  in  New York, NY
    Former Employee - Associate in New York, NY

    Pros

    Based on observation, most are happy lifers. In a positive sense, the company is not cut throat, dynamic nor exciting. People seemed content just getting a paycheck. Most start as an Associate then become a director about 4- 5 years. If you are still an Associate after 5 year+, it's apparent that may be your plateau. If the person is in a supervisory role as a Director, interacting with senior management then chances of being an Executive Director is about 10 yrs+. The benefits were good, pay increases were modest. You can continue your education. There is good work / life balance.

    Cons

    Intelligent people seemed to stop trying.

    Reporting & systems were outdated.

    Pay / bonus are modest

    Advice to ManagementAdvice

    Encourage professional growth. It's wrong to have someone as an Associate for 5+years. They need employee training & development program. There are intelligent people who are wasting away because they are not utilitzed up to their potential.

    It seemed wrong for senior management to go out on elaborate meals while there were layoffs.

    Recommends
    Positive Outlook
    Disapproves of CEO
  9.  

    Good while it lasted

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Director  in  New York, NY
    Former Employee - Director in New York, NY

    Pros

    Good management support, facilities, great peers

    Cons

    bank side was second to the broker dealer - after recent sell off of equities business now a shadow of its former self.

    Advice to ManagementAdvice

    keep the talent

    No opinion of CEO
  10.  

    Mixed. Management does not articulate effectively the direction of the firm-

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee  in  New York, NY
    Former Employee - Anonymous Employee in New York, NY

    Pros

    The compensation seems to be fair compared to other wall street firms. Also. the benefits package are above comparable wall -street firms.

    Cons

    Management turn-over are high, which makes them not have effective implementation of strategic iniitiatives. Also, it seems that the management are more reactive rather than proactive.

    Advice to ManagementAdvice

    Management should be more proactive in their strategy rather than being reactive. It seems that they do not have a clear direction or long-term strategy in place. Most of the time they are always changing their direction without a clear rationale on why this came about

    No opinion of CEO
  11.  

    Good people, broad products, good place to learn

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee  in  New York, NY
    Former Employee - Anonymous Employee in New York, NY

    Pros

    The company has a broad range of products and you can get good experience to build your resume.

    Cons

    CIBC is not expanding in the uS

    Recommends
    Approves of CEO

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