Canadian Western Bank Reviews

Updated June 27, 2015
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3.1
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Christopher H. Fowler
7 Ratings

21 Employee Reviews

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  1. Good and bad

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

    I have been working at Canadian Western Bank full-time

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    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.


  2. Good Company, but limited opportunity

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

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

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    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.


  3. accunt manager

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

    I have been working at Canadian Western Bank

    Pros

    work- life balance, good benefit

    Cons

    Limited location, hard to build portfolio


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. 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)

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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    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


  6. 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

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

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    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


  7. 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

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

    Recommends
    Positive Outlook
    Disapproves of CEO
    Recommends
    Positive Outlook
    Disapproves of CEO

    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.


  8. Helpful (1)

    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)

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

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    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


  9. Good company overall

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Credit Officer in Vancouver, BC (Canada)
    Former Employee - Credit Officer in Vancouver, BC (Canada)

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

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Good benefits such as medical, RRSP and ESPP. Nice people.

    Cons

    High turnover either due to lack of career progression or politics. Technology is very old.


  10. It's ok

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Canadian Western Bank

    Pros

    fair pay and benefits

    Cons

    noisy work environment,


  11. Helpful (1)

    Good place to start a career.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Account Manager, Commercial Banking in Vancouver, BC (Canada)
    Current Employee - Account Manager, Commercial Banking in Vancouver, BC (Canada)

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

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Easy-going atmosphere, generally most people a down-to-earth and a pleasure to work with, comprehensive training and excellent benefits.

    Cons

    Limited number of lending structures available to clients naturally limits the opportunities to learn on the job, pricing available to clients is generally not competitive in the marketplace which restricts opportunities to grow your portfolio, corporate office is in Edmonton so the opportunities to advance are limited unless you want to live in a terrible and completely unappealing city.

    Advice to Management

    Move your corporate office to Calgary, and expand your offerings past the plain vanilla options,



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