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

CIBC World Markets Reviews in Toronto, ON Canada

Updated Jul 2, 2014

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3.3 18 reviews

                             

73% Approve of the CEO

CIBC World Markets CEO Richard W. Nesbitt

Richard W. Nesbitt

(11 ratings)

76% of employees recommend this company to a friend
18 Employee Reviews Back to all reviews
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    Good company

    Anonymous Employee (Current Employee)
    Toronto, ON (Canada)

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

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

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

    Yes, I would recommend this company to a friend

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    Appropriately engaged and lots of learning

    Market Risk Analyst (Current Employee)
    Toronto, ON (Canada)

    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 Senior Management- 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

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

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    Project Manager CIBC

    Project Manager (Current Employee)
    Toronto, ON (Canada)

    Prosopportunity to grow within the company

    Consno cons to report at the time

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

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    Drove the Chevy to the levee but the levee was dry

    Analyst (Former Employee)
    Toronto, ON (Canada)

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

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

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

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    Terrible Senior Management

    INV Banking (Current Employee)
    Toronto, ON (Canada)

    ProsSome good people, senior bankers etc.

    ConsManagement 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 Senior ManagementMerit 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.

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

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    was a fun place to work, not so much anymore

    Director (Current Employee)
    Toronto, ON (Canada)

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

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

    Yes, I would recommend this company to a friend

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    Great place to work

    Senior Business Systems Analyst (Former Employee)
    Toronto, ON (Canada)

    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 Senior Management- Promote competent persons to management

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

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    Good place to work and lief

    Quant (Current Employee)
    Toronto, ON (Canada)

    ProsLearn things, friendly, nice, interesting

    ConsSlow step, some low efficiency

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

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    Bureaucratic and dishonest

    Fixed Income & Currencies Associate (Former Employee)
    Toronto, ON (Canada)

    ProsOne of the bulge bracket IBs

    ConsInept management and too conservative of a business approach

    No, I would not recommend this company to a friend

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    Trading Credit Risk Managemenyt

    Senior Risk Analyst (Current Employee)
    Toronto, ON (Canada)

    ProsThere are a lot of opportunities to grow and move to trading floor

    ConsThe level of growth is very limited, CIBC is not a very good place to work

    Advice to Senior Managementsenior management should increase the level of compensation and provide educational support to all employees

    Yes, I would recommend this company to a friend

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Glassdoor is your free inside look at CIBC World Markets reviews and ratings in Toronto, ON — including employee satisfaction and approval rating for CIBC World Markets CEO Richard W. Nesbitt. All 18 reviews posted anonymously by CIBC World Markets employees.