CIBC World Markets Reviews in Toronto, ON

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

19 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Good company

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

    I have been working at CIBC World Markets full-time

    Pros

    Challenging, financially rewarding, average work-life balance depending on the group

    Cons

    Everybody is a director, not sure if everyone is maximizing client revenues and perhaps drive is the primary reason

    Advice to ManagementAdvice

    Find motivated people with the ability to execute. Often times the prettiest package does not produce the best results

    Recommends
    Neutral Outlook
    No opinion of CEO
  2.  

    An old boys club

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

    I have been working at CIBC World Markets full-time for more than 3 years

    Pros

    Mostly good people to work with

    Cons

    Too political and no sense of direction from top down. Any appointment/promotion above ED level is 101% political.

    Advice to ManagementAdvice

    Be realistic. Some risk taking is required to make money. Have a clear strategy that works - milking the already dried Canadian consumer is not effective... Employees and the market needs clarity about succession. We are totally in a flux right now.

    Recommends
    Positive Outlook
    Disapproves of CEO
  3.  

    Appropriately engaged and lots of learning

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

    I have been working at CIBC World Markets full-time for more than a year

    Pros

    - My market risk team consists of people who have traded in the past and have lots of market/trading experience for an accelerated capital markets learning
    - Fun-loving people and enjoyable culture

    Cons

    - Young joiners are often discredited or ignored, and due to the group you end up on, expectations are imbalanced such that someone might get recognized above you for meeting simpler requirements

    Advice to ManagementAdvice

    - CIBC often attracts talent but doesn't keep talent, should focus on employee growth and allowing them to feel their goals are met via promotional opportunities, raises, etc. rather than constantly hiring from outside to replace talent

    Recommends
    Positive Outlook
    No opinion of CEO
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  5.  

    Project Manager CIBC

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

    I have been working at CIBC World Markets full-time for more than a year

    Pros

    opportunity to grow within the company

    Cons

    no cons to report at the time

    Recommends
    Positive Outlook
    Approves of CEO
  6. 1 person found this helpful  

    Drove the Chevy to the levee but the levee was dry

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

    I worked at CIBC World Markets full-time for more than a year

    Pros

    Lots of nice peoplee, good training for rotational employees, average to good work-life balance

    Cons

    Management change every few years with massive rounds of firing each time, "fit" is not about skills or personality match but favors owed/given, poor reputation compared to other Canadian banks, little promotion opportunity at the mid and senior levels, top-heavy, below average compensation

    Advice to ManagementAdvice

    Stop hiring so many MDs, focus more on developing younger staff instead of lip service, get better HR

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  7.  

    Terrible Senior Management

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

    I have been working at CIBC World Markets full-time for more than 8 years

    Pros

    Some good people, senior bankers etc.

    Cons

    Management is lost, directionless and are too focused on the old boys club and protecting each other than they are of winning. This is evidenced by CIBC WM's rapid decline in the league tables in Canada over the last 4-5 years. Having been around through the management changes I can see why. Alot of people have been let go who were terrific employees, great leaders, and at a more senior level deal makers. People at the senior levels who are part of the 'inner circle' are more yes men. There are literally some md's here who have not brought in deals for years, yet are still employed. Many of the mid to junior staff are simply waiting for the markets to improve to bail. Not a meritocracy at all. More political that merit driven. And from my discussions with friends at other Canadian banks the worst of the bunch.

    Advice to ManagementAdvice

    Merit matters. Start with making your review process transparent. Evaluate MD's on revenues not how long they have been at the firm. Allow mid level staff to actually stretch to achieve vs. being glorified associates. There is a certain point where continuing to lose market share needs to resonate with management, and make them look in the mirror and ask why. Unless of course, revenues don't really matter in evaluation, and what matters is who's your buddy. Again, merit matters.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8.  

    was a fun place to work, not so much anymore

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

    I have been working at CIBC World Markets full-time for more than 10 years

    Pros

    great place to get experience, good people, diverse products, challenging work place

    Cons

    cibc trains people well, but they have a hard time keeping talent. Either they don't pay enough or they don't provide the right opportunities.

    Advice to ManagementAdvice

    encourage accountability.. it happens too much that people at cibc are afraid of stepping up in fear of prosecution.

    Recommends
    Neutral Outlook
    Approves of CEO
  9.  

    Great place to work

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

    I worked at CIBC World Markets full-time for less than a year

    Pros

    - Lots of in-house systems and new systems being developed from inception
    - Lots of responsibility

    Cons

    - Culture of general confusion while working on big projects

    Advice to ManagementAdvice

    - Promote competent persons to management

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Good place to work and lief

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

    I have been working at CIBC World Markets full-time for more than a year

    Pros

    Learn things, friendly, nice, interesting

    Cons

    Slow step, some low efficiency

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Bureaucratic and dishonest

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

    I worked at CIBC World Markets full-time for more than 3 years

    Pros

    One of the bulge bracket IBs

    Cons

    Inept management and too conservative of a business approach

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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