Commerzbank Reviews

Updated August 19, 2014
Updated August 19, 2014
84 Reviews

3.0
84 Reviews
Rating Trends

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

Review Highlights

Pros
  • Good work/life balance, with opportunities to contribute (in 17 reviews)

  • easy pace, nice people to work with (in 4 reviews)


Cons
  • Hierarchical structure, long decision making path (in 3 reviews)

  • There is no room to advance to other groups in order to learn new skills (in 3 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Good Organization

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - AVP- RM  in  New York, NY
    Former Employee - AVP- RM in New York, NY

    I worked at Commerzbank full-time for more than 5 years

    Pros

    - Senior Managements willingness to listen.
    - Excellent work/life balance.
    - Good communication/coordination to address client needs.

    Cons

    - Unaggressive in core competencies/capabilities with clients. Though there is a definite lack of product depth, being more pro-active with its core capabilities would greatly benefit the bank and its clients.

    Advice to ManagementAdvice

    - Create a viable US market stradegy and stick with it for more three years.

    Recommends
    Approves of CEO
  2.  

    Nice people to work with but total control exerted by the head office and folks from the head office.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee  in  New York, NY
    Former Employee - Anonymous Employee in New York, NY

    I worked at Commerzbank full-time for more than 8 years

    Pros

    Good benefits including vacation and medical. Good for people who wants a stable and low paying job with less pressure.

    Cons

    Cut costs and not even offer paper cups to visitors, low pay, no state of the art technology, no possibility of growth, zero telecommute tolerance even when governments declare emergency and a very hard CEO who cares only about his bonus by saving every penny instead of advancing and taking a positive approach to life.

    Advice to ManagementAdvice

    Before the management shift happened around 2009, the place was wonderful to work with under a great management team. New management criticizes the old and the policy of increasing revenue by cutting every penny instead of taking a positive approach to growth kills the employee morale and no body gains anything.

    Doesn't Recommend
  3.  

    Is a good place to work depending upon what team you're part of...

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

    I have been working at Commerzbank full-time

    Pros

    Benefits are great as compared to other companies i've worked

    Cons

    There is no room to advance to other groups in order to learn new skills...

    Advice to ManagementAdvice

    If you want to keep the talent you have in order to better the company it would help increasing salaries or bonuses to reflect the person's work. People can only take so much. Reward loyalty instead of taking advantage...

    Doesn't Recommend
    Negative Outlook
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  5.  

    Pleasant environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Administrator  in  New York, NY
    Former Employee - Administrator in New York, NY

    I worked at Commerzbank full-time for more than 5 years

    Pros

    friendly staff makes it easy to come to work and room for growth

    Cons

    dated technology vs. competitors / may take years to be promoted in some areas

    Advice to ManagementAdvice

    promote good employees

    Recommends
    Positive Outlook
    Approves of CEO
  6. 1 person found this helpful  

    Stay as far away as possible

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Human Resources Specialist  in  New York, NY
    Former Employee - Human Resources Specialist in New York, NY

    I worked at Commerzbank full-time for more than 10 years

    Pros

    - Very little, decent benefits and random employee discounts
    - I was able to get a nice severance package
    - Pre -merger this review would have been different

    Cons

    - Read the news about this place and it's only a matter of time before they shut down the North America operation.
    - Very corrupt and unintelligent management.
    - No work from home.
    - Working with other departments is a hassle
    - If you don't have an english or german accent you will get nowhere

    Advice to ManagementAdvice

    - Don't lie to auditors.
    - You are allowed to accept ideas from other people
    - Don't justify no bonuses when you authorized $400 million to the city of Detroit.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7.  

    Good work life balance

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

    I worked at Commerzbank

    Pros

    Good work life balance. Smart strategy to develop international business through cross border referrals. Great cross-border, cross-functional communication.

    Cons

    Slow career development. Slow growth rate in Europe.

    Advice to ManagementAdvice

    More training and career development.

    Recommends
    Positive Outlook
    No opinion of CEO
  8. 1 person found this helpful  

    Good luck

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee  in  New York, NY
    Former Employee - Anonymous Employee in New York, NY

    I worked at Commerzbank full-time for more than 8 years

    Pros

    - Much more vacation time than most companies

    Cons

    -Post merger senior management looks down on almost all employees. Very arrogant. The idea of telecommute baffles them.
    - Dress code down to material of clothing
    - If you don't have an accent you will not get far
    - Employee morale is low. Everyone looking over their shoulder either expecting to get fired or severance.
    - Limited growth

    Advice to ManagementAdvice

    Stop micromanaging skilled managers with pointless $300k+ 'director' positions. Managers are afraid to think for themselves because of this. I've never seen a company go so downhill from a merger. Treat employees like human beings not business objects.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9.  

    No leadership

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  New York, NY
    Current Employee - Anonymous Employee in New York, NY

    I have been working at Commerzbank full-time for more than 10 years

    Pros

    Please let me know if there any

    Cons

    Management decision , no proper communication when it comes to projects

    Advice to ManagementAdvice

    Build revenue, stop laying off people who makes avg. 40-50k and stop hiring more upper management that makes 200k and up

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10.  

    Modern young company

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

    I have been working at Commerzbank as an intern

    Pros

    Modern professional work environment with many benefits.

    Cons

    I cannot think of any negative facts.

    Recommends
    Neutral Outlook
    Approves of CEO
  11.  

    good benefits no carrer advancement

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Assistant Vice President  in  New York, NY
    Former Employee - Assistant Vice President in New York, NY

    I worked at Commerzbank full-time for more than 5 years

    Pros

    good benefits, good people, good hours

    Cons

    Stressful, no management support, no direction

    Advice to ManagementAdvice

    Value people - best asset

    Recommends
    Neutral Outlook
    No opinion of CEO

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