Commerzbank

www.commerzbank.com
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Commerzbank Reviews in City of London, England

Updated November 9, 2014
Updated November 9, 2014
6 Reviews
1.9
6 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Commerzbank Chairman Managing Directors Board Martin Blessing
Martin Blessing
6 Ratings

Review Highlights

Pros
  • the company's policies acknowledge importance of work-life balance (in 19 reviews)

  • Good benefits such as vacation and health benefits (in 4 reviews)


Cons
  • No visibility from senior management (in 5 reviews)

  • Post-merger: continuous cost-cutting with continuous change of focus: first investment banking focus buildout, then cross-selling of IB products (in 4 reviews)

More Highlights

6 Employee Reviews Back to all Reviews

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  1.  

    Swamp

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in City of London, England (UK)
    Former Employee - Anonymous Employee in City of London, England (UK)

    I worked at Commerzbank full-time (more than 3 years)

    Pros

    - excellent professional development policy and generous training budgets
    - fairly relaxed atmosphere and pace for an investment bank
    - the company's policies acknowledge importance of work-life balance

    Cons

    - no actual incentives to be proactive at your workplace
    - be prepared to one very slow to non-existent career progression
    - pay is lower than industry averages
    - you don't have a say in work-life balance policy implementation, an employee is a commodity, management cares about their own agenda exclusively (obviously)

    Advice to ManagementAdvice

    HR and career management policies don't serve employees, because the procedures are too stiff and people implementing them seem to be more concerned about possible repercussions than about giving a valuable advice and support.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2.  

    Analyst on no bonus no benefit contract

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Intern - Trading Graduate Analyst in City of London, England (UK)
    Current Intern - Trading Graduate Analyst in City of London, England (UK)

    I have been working at Commerzbank as an intern (more than a year)

    Pros

    Location in the city, that's it

    Cons

    Rolling intern contracts year after year is not okay. Keeping graduates on graduate contracts without any bonus or benefits for over 2 years. Not letting the graduates and analysts meet clients and go on business trips. Cutting Bloomberg terminals with 50 percent on a trading floor is a bad idea

    Advice to ManagementAdvice

    You lack vision and ability to move your business forward.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  3. 1 person found this helpful  

    Terrible and mediocre place

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in City of London, England (UK)
    Current Employee - Anonymous Employee in City of London, England (UK)

    I have been working at Commerzbank

    Pros

    It's location in the City of London (thanks to the former Dresdner building).

    Cons

    Very bureacuratic
    Totally inflexible
    Back stabbing culture
    Morale is very low
    No room for career growth

    Advice to ManagementAdvice

    Just resign!

    Doesn't Recommend
    Disapproves of CEO
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  5.  

    fairly good experience overall, room for improvement

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Intern in City of London, England (UK)
    Former Employee - Intern in City of London, England (UK)

    I worked at Commerzbank

    Pros

    very decent work-life balance, good working climate

    Cons

    not much of a key player in the industry

    Advice to ManagementAdvice

    give better feedback, more encouraging of motivated interns

    No opinion of CEO
  6.  

    mediocre place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee in City of London, England (UK)
    Former Employee - Anonymous Employee in City of London, England (UK)

    I worked at Commerzbank

    Pros

    not as vicious a place to work as some other banks

    Cons

    the bank as an organisation has limited ambitions
    very inflexible, process driven environment
    poor pay with respect to other banks

    Advice to ManagementAdvice

    the IT side of the business is inflexible and archaic. this leads to less opportunity to innovate on the business side. The recent acquisition of Dresdner bank saw commerzbank keep the lowest common denominator of the two banks infrastructure.

    Doesn't Recommend
    Disapproves of CEO
  7.  

    OK place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in City of London, England (UK)
    Current Employee - Anonymous Employee in City of London, England (UK)

    I have been working at Commerzbank

    Pros

    Smaller firm
    Less aggressive than the big banks

    Cons

    Generally morale seems to be low compared to others

    Advice to ManagementAdvice

    Get your message across better

    No opinion of CEO

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