Commerzbank Reviews

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1.9
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Commerzbank Chairman Managing Directors Board Martin Blessing
Martin Blessing
2 Ratings

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 Pros and Cons

6 Employee Reviews

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  1. Swamp

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in City of London, England (UK)
    Former Employee - Anonymous Employee in City of London, England (UK)
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    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 Management

    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.


  2. Analyst on no bonus no benefit contract

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Intern - Trading Graduate Analyst in City of London, England (UK)
    Current Intern - Trading Graduate Analyst in City of London, England (UK)
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    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 Management

    You lack vision and ability to move your business forward.


  3. Helpful (1)

    Terrible and mediocre place

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in City of London, England (UK)
    Current Employee - Anonymous Employee in City of London, England (UK)
    Doesn't Recommend
    Disapproves of CEO

    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 Management

    Just resign!


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  5. fairly good experience overall, room for improvement

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Intern in City of London, England (UK)
    Former Employee - Intern in City of London, England (UK)
    No opinion of CEO

    Pros

    very decent work-life balance, good working climate

    Cons

    not much of a key player in the industry

    Advice to Management

    give better feedback, more encouraging of motivated interns


  6. mediocre place to work

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in City of London, England (UK)
    Former Employee - Anonymous Employee in City of London, England (UK)
    Doesn't Recommend
    Disapproves of CEO

    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 Management

    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.


  7. OK place to work

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in City of London, England (UK)
    Current Employee - Anonymous Employee in City of London, England (UK)
    No opinion of CEO

    Pros

    Smaller firm Less aggressive than the big banks

    Cons

    Generally morale seems to be low compared to others

    Advice to Management

    Get your message across better



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