CIBC World Markets
3.4 of 5 54 reviews
www.cibcwm.com Toronto, Canada 1000 to 5000 Employees

CIBC World Markets Reviews

Updated Jul 2, 2014

Be The First To
Add Photos

All Employees Current Employees Only

3.4 54 reviews

                             

71% Approve of the CEO

CIBC World Markets CEO Richard W. Nesbitt

Richard W. Nesbitt

(24 ratings)

76% of employees recommend this company to a friend
54 Employee Reviews
Relevance Date Rating
in

Review Highlights

Pros:
  • "Lots of nice peoplee, good training for rotational employees, average to good work-life balance"
    in 5 reviews
  • "The benefits were good, pay increases were modest"
    in 3 reviews
Cons:

Reviews

    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • No Opinion of CEO

     

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

    Senior Transaction Manager (Former Employee)
    New York, NY

    ProsIts 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.

    ConsDiversity, 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.

    Yes, I would recommend this company to a friend

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           

     

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

    Financial Analyst (Former Employee)
    New York, NY

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

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

    Advice to Senior ManagementNone

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • No Opinion of CEO

     

    Good company until culture changed with new mgmt team

    Executive Director (Former Employee)
    New York, NY

    ProsPrior to 2009: Early opportunity for advancement, colleagues

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

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
  • We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Disapproves of CEO

     

    They are a decent employer

    Director (Current Employee)
    New York, NY

    ProsGreat with flexibility and timing

    Consreputation and pay are not great

    Advice to Senior ManagementVery slow

    No, I would not recommend this company to a friend

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Approves of CEO

     

    Conservative Bank

    Operations Associate (Former Employee)
    New York, NY

    ProsWork/Life Balance
    Stability
    Risk Averse Culture
    Innovative
    Opportunistic Management

    ConsSalary
    Upward Mobility
    Learning Opportunities
    Senior Management Turnover
    Not growth oriented

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

    Yes, I would recommend this company to a friend

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Disapproves of CEO

     

    steady

    Associate (Former Employee)
    New York, NY

    ProsBased 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.

    ConsIntelligent people seemed to stop trying.

    Reporting & systems were outdated.

    Pay / bonus are modest

    Advice to Senior ManagementEncourage 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.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • No Opinion of CEO

     

    Good quality of life and good co-workers.

    Director (Former Employee)
    New York, NY

    ProsCo-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.

    ConsSenior 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.

    Yes, I would recommend this company to a friend

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • No Opinion of CEO

     

    Good while it lasted

    Director (Former Employee)
    New York, NY

    ProsGood management support, facilities, great peers

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

    Advice to Senior Managementkeep the talent

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • No Opinion of CEO

     

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

    Anonymous Employee (Former Employee)
    New York, NY

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

    ConsManagement 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 Senior ManagementManagement 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

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Approves of CEO

     

    Good people, broad products, good place to learn

    Anonymous Employee (Former Employee)
    New York, NY

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

    ConsCIBC is not expanding in the uS

    Yes, I would recommend this company to a friend

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
RSS Feed Embed

Worked for CIBC World Markets? Contribute to the Community!

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

Glassdoor is your free inside look at CIBC World Markets reviews and ratings — including employee satisfaction and approval rating for CIBC World Markets CEO Richard W. Nesbitt. All 54 reviews posted anonymously by CIBC World Markets employees.