Commerzbank Reviews

Updated April 13, 2015
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3.0
130 Reviews
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Approve of CEO
Commerzbank Chairman Managing Directors Board Martin Blessing
Martin Blessing
52 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

Employee Reviews

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  1. Summer Analyst

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

    I worked at Commerzbank as an intern

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Intelligent people, good work environment, great exposure to clients.

    Cons

    Very competitive amongst other colleagues.

  2. Associate Credit Analyst

    • 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 5 years)

    No opinion of CEO
    No opinion of CEO

    Pros

    Knowledgeable and experienced people

    Cons

    Not marketable compensation, low bonuses and slow growth opportunities. Knowledgeable and experienced people are starting to leave or are letting go because of low compensations and cost reductions

  3. Good benefis

    • 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

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

    Pros

    Good benefis are about the only good thing

    Cons

    about the only good thing

    Advice to Management

    wake up and keep the good people before they all leave!!

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


  5. 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)

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    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 Management

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

  6. 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)

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

    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.

  7. 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)

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

    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 Management

    Hire from within and communicate with staff.

  8. excellent - a great ride.

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

    I have been working at Commerzbank as a contractor

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

    Pros

    benefits are excellent bar - none

    Cons

    politics will ruin this company

    Advice to Management

    get rid of operations they are a very toxic group.

  9. Helpful (1)

    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)

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

    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 Management

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

  10. Helpful (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 (more than 5 years)

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    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 Management

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

  11. Helpful (3)

    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)

    Doesn't Recommend
    Doesn't Recommend

    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 Management

    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.

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Commerzbank Tower

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