Canadian Western Bank Reviews

Updated August 24, 2015
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3.0
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Christopher H. Fowler
8 Ratings

24 Employee Reviews

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  1. Not Much room for Growth

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook

    Pros

    Great Work Environment, Young bank with Great potential.

    Cons

    Not Much room for Growth

    Advice to Management

    Invest in Your people's Aspirations.


  2. Out with the old in with the new

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Commercial Account Manager in Calgary, AB (Canada)
    Current Employee - Commercial Account Manager in Calgary, AB (Canada)
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Canadian Western Bank full-time

    Pros

    relaxed, very short distance in the org chart from bottom to top, opportunity for new lenders to learn everything quick

    Cons

    no accounability, targets are low because they sales are difficult with the existing system, managers are insecure and communication across the board is terrible.

    Advice to Management

    communicate clearly, lip service is not the same as actions


  3. OK.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Various in Vancouver, BC (Canada)
    Former Employee - Various in Vancouver, BC (Canada)
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    Pros

    Relaxed. They usually hire a pretty low standard of employee so it's easy to under-perform. A lot of firing due to general ineptitude.

    Cons

    Worked with them in Vancouver. Vancouver is a career killer finance wise.

    Advice to Management

    Your hiring cycle is terrible, and a direct cause of turnover.


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  5. Good and bad

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Canadian Western Bank full-time

    Pros

    The company provides good work life balance and benefits. I find my work peers good to be with on a day to day basis.

    Cons

    The company doesn't stress promoting from within. They would rather look at hiring externally than giving current employees more senior jobs. There is a real old boys network with upper management. Not a healthy environment there.

    Advice to Management

    Value your current employees and treat them well. When one realizes that they have no future with a company they'll leave and work elsewhere.


  6. Good Company, but limited opportunity

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Account Manager
    Current Employee - Account Manager
    Recommends
    Neutral Outlook

    I have been working at Canadian Western Bank full-time (More than 3 years)

    Pros

    People and culture are supportive and promotes a work life balance

    Cons

    Limited opportunities to work in different locations outside of western Canada and to move into different business lines. After working for a few years most motivated people move on because they feel like they have hit a road block for advancement.

    Advice to Management

    Focus on engaging and developing your people.


  7. accunt manager

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    work- life balance, good benefit

    Cons

    Limited location, hard to build portfolio


  8. Great place to work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Account Manager, EFG in Edmonton, AB (Canada)
    Current Employee - Account Manager, EFG in Edmonton, AB (Canada)
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Canadian Western Bank full-time (More than 3 years)

    Pros

    Not high goals and relax work day

    Cons

    Brokers calling you every ten min to get deal done for them

    Advice to Management

    Keep up the great work


  9. Helpful (3)

    Average Job at below market wages

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Account Manager
    Current Employee - Account Manager
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Canadian Western Bank full-time (More than 3 years)

    Pros

    Good benefits program and RRSP/Share purchase program Promote a good corporate culture (if actually followed by the managers)

    Cons

    Inconsistent management HR Policies are encouraged but not enforced No bonus structure, poor incentive for those who are willing to work hard Below market compensation, not competitive with other financial institutions

    Advice to Management

    Compensation package should be reviewed to be more competitive with market Try to follow the good culture and policies for your staff, show more appreciation for them as they are the key to the overall success of the branch


  10. Does not feel like working at a bank. Very relaxed.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Credit Officer
    Former Employee - Credit Officer
    Recommends
    Positive Outlook
    Disapproves of CEO

    I worked at Canadian Western Bank full-time (Less than a year)

    Pros

    When you talk about corporate culture, this is a shining example of where you would like to work. Big Business corporation that feels closer to your local family owned business. Very caring and friendly work environment.

    Cons

    Can be hard to stay motivated. Banking feels like the closest equivalent to government when it comes to bureaucracy.

    Advice to Management

    Focus on what made you great, but don't be afraid to change. The company is beginning to develop too many middle managers.


  11. Helpful (2)

    Show up on time, put your head down, job for life.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Account Manager in Calgary, AB (Canada)
    Current Employee - Account Manager in Calgary, AB (Canada)
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    I have been working at Canadian Western Bank full-time (More than 3 years)

    Pros

    Great place to learn anything about banking with no pressure. Lots of jobs open all the time. No one ever gets laid off or fired. Very slack work ethic/culture.

    Cons

    No sales incentives, yet they expect employees to produce deals. Base wage is poor for mid-level employees. No bonuses. Stock options only kick in for upper management. The only way to get ahead is to wait and get promoted every 2-4 years only to make $5k more. Most management are internal hires and therefore don't have a clue about how to incentivize employees.

    Advice to Management

    Keep hiring university grads and watching your employees leave to other FI's



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