Commerzbank Reviews

Updated October 27, 2014
Updated October 27, 2014
92 Reviews
2.9
92 Reviews
Rating Trends

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Approve of CEO
Commerzbank Chairman Managing Directors Board Martin Blessing
Martin Blessing
42 Ratings

Review Highlights

Pros
  • Good work/life balance, with opportunities to contribute (in 18 reviews)

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


Cons
  • No visibility from senior management (in 4 reviews)

  • sometimes rather slow decision making (in 3 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Good times at Commerzbank.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Vice President in Chicago, IL
    Former Employee - Senior Vice President in Chicago, IL

    I worked at Commerzbank full-time (more than 10 years)

    Pros

    Great potential for advancement. Many different cities to work in.
    Great working conditions, good pay and great vacation and personal days.

    Cons

    Old School German management style. Nothing gets done fast, management must talk about and investigate any suggestion before making any changes

    Advice to ManagementAdvice

    Be more proactive, don't be afraid of change.

    Recommends
    Positive Outlook
    No opinion of CEO
  2.  

    I have worked in this bank for over 5 years in the New York office and this place sucks!

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

    I have been working at Commerzbank full-time (more than 8 years)

    Pros

    1. Small group of people to deal with.
    2. Reasonable working hours.
    3. Above average vacation days and benefits.

    Cons

    1. No pay raise.
    2. Little to no vertical growth
    3. No visibility from senior management.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3.  

    Just do your job and go home

    • 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 (more than 3 years)

    Pros

    Make good friends at work depending on your department. Good benefits such as vacation and health benefits. Good work life balance

    Cons

    No Flexibility or tolerance for working from home even in snow conditions where transportation was unavailable. Promotions or positions are usually filled with Expats from Germany limiting growth of existing employees

    Advice to ManagementAdvice

    Hire from within and communicate with staff.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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  5.  

    excellent - a great ride.

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

    I have been working at Commerzbank as a contractor

    Pros

    benefits are excellent bar - none

    Cons

    politics will ruin this company

    Advice to ManagementAdvice

    get rid of operations they are a very toxic group.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6.  

    Poorly managed US/NY branch by overseas expat mgt. ith no growth nor respect for any top performing US emplyees

    • 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 (more than 3 years)

    Pros

    None; except that walk-up call to all the good conscious US employees to find better home for respectful professional treatment and equal opportunity growth like any other normal institutions

    Cons

    - layers of Brit in top management (who particularly have no / little interest in development of local talented employees) entertwined with layers of Germany top/ mid management in very small branch
    - very immature leadership and rigid management style completely lack of conviction, vision and qualification esp in building and running US business in current US regulatory environment
    - little/ no respect and trust for local employees with jokes about hair styles, dressing code, occasionally work flexibility need due to inclement weather
    - only support the career development those with Brit/ German connectivity at the expense of US employees. Those who are good left for much more respectful firms
    - little comp adv for sure

    Advice to ManagementAdvice

    Hire, develop and trust a Real capable US management team that respects and grows US local employees and understands US regulation.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7. 1 person found this helpful  

    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 (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
  8. 1 person found this helpful  

    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 (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
  9.  

    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
  10.  

    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 (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
  11. 2 people 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 (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

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