CIBC World Markets

  www.cibcwm.com
  www.cibcwm.com

CIBC World Markets Reviews in Toronto, ON

Updated November 5, 2014
Updated November 5, 2014
62 Reviews
3.2
62 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
CIBC World Markets CEO Richard W. Nesbitt
Richard W. Nesbitt
30 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
  • minimal communication and long hours (in 3 reviews)

  • Senior management is based in Toronto (in 3 reviews)

More Highlights

23 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Analyst

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

    I have been working at CIBC World Markets

    Pros

    Many growth opportunities
    Many benefits such as health insurance, share purchase plan! Motivating companies to work for and very focused on client experience

    Cons

    Long hours. Sometimes they hire terrible people to fill quotas which I find is a big waste of money and time for the bank and people working with then

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Great place to work

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

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

    Pros

    A lot of competent people. Stable organization, Decent pay.
    Relatively innovative in the Canadian landscape.
    Teams I worked in are open to new ideas and gives you the opportunity to implement them.

    Cons

    Heavy focus on Canada so may not be the best for international focused ppl

    Advice to ManagementAdvice

    none

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Number 5 bank for a reason

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

    I have been working at CIBC World Markets full-time (more than an year)

    Pros

    Good perks and benefits. Decent trading floor.

    Cons

    Lots of red tape. Tons. Far too many people willing to just sit back and relax in their jobs than get work done. Management is out of sorts and doesnt have a direction.

    Advice to ManagementAdvice

    People with vision and who can get things done. People who arent scared to challenge the status quo (because the status quo is terribly out of date).

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5.  

    Mediocre company with rubbish senior management and no direction.

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

    I worked at CIBC World Markets full-time (more than 5 years)

    Pros

    Not much, pay is average.

    Cons

    Team of senior management who couldn't manage a lemonade stand. (There is a reason the Investment Banking business keeps losing market share).
    Risk management procedure and policy deficiencies that inhibit business.
    Siloed teams that compete for resources; thus creating an us-vs.-them debate
    Unwillingness of other professionals to offer assistance or knowledge share.
    Ever seen a $1B company that doesn't host a Christmas party for their staff, World Matkets hasn't since 2007.

    Advice to ManagementAdvice

    You have lost so many good people that there is no way to fix this sinking ship. But you're content to collect your bonuses.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6.  

    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
  7.  

    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 (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
  8.  

    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 (more than an 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
  9.  

    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 (more than an year)

    Pros

    opportunity to grow within the company

    Cons

    no cons to report at the time

    Recommends
    Positive Outlook
    Approves of CEO
  10. 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 (more than an 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
  11.  

    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 (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

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