Commonwealth Bank of Australia

  www.commbank.com.au
  www.commbank.com.au

Commonwealth Bank of Australia Reviews

Updated December 17, 2014
Updated December 17, 2014
161 Reviews
3.7
161 Reviews
Rating Trends

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Commonwealth Bank of Australia CEO & Managing Director Ian Narev
Ian Narev
77 Ratings

Review Highlights

Pros
  • Work life balance is fair for project work with option of time in lieu for weekend work (in 23 reviews)

  • Good culture of promoting within and the opportunities are there (in 10 reviews)


Cons
  • Still lots of red tape (but less than other Aussie banks out there) (in 9 reviews)

  • Work life balance is not good, generally long hours expected (in 5 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    x

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

    I have been working at Commonwealth Bank of Australia full-time

    Pros

    job security, competitive salary, breadth of work

    Cons

    slow, lack of career development opportunity

    Advice to ManagementAdvice

    x

    Recommends
    Neutral Outlook
    Approves of CEO
  2. 1 person found this helpful  

    Working for an Australian Bank

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

    I worked at Commonwealth Bank of Australia

    Pros

    Small Bank with good credit rating. Nice people, good working atmosphere where everyone knows each other and what their job functions is.

    Cons

    You will always be an Australian satellite office that operates in the same manner as home office. Systems are fragmented and outdates.

    Advice to ManagementAdvice

    Integration and updating of systems are definitely needed.

    Recommends
    Neutral Outlook
    No opinion of CEO
  3.  

    Below Average

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

    I worked at Commonwealth Bank of Australia full-time (more than 3 years)

    Pros

    Decent people, nice office and social.

    Cons

    Management is in Sydney. Anyone that can make things happen sits half way around the world. As a result they have a distorted view of what it really takes to succeed in the U.S.

    Advice to ManagementAdvice

    Make a real investment in the U.S. Get rid of the dead weight and straighten out your compensation structure.

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    Conservative bank, nice employer on working condition, EEO and people development

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

    I worked at Commonwealth Bank of Australia full-time

    Pros

    Inclusive, humble and people/leaders are very kind and they value their people, invest on their career and development. Nice working environment and nice team members.

    Cons

    Too conservative sometimes and the risk-taking action/decision is not popular, which may limit the business expansion.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Get ready to become an Aussie

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

    I worked at Commonwealth Bank of Australia

    Pros

    Small office, so you know so much about everyone (good or bad?)

    Cons

    The Aussie way of life, H.O. have a worls away so things get done at a snails pace

    Recommends
    Neutral Outlook
    Disapproves of CEO
  7.  

    Mixed review

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Sydney (Australia)
    Current Employee - Anonymous Employee in Sydney (Australia)

    I have been working at Commonwealth Bank of Australia full-time (less than an year)

    Pros

    -Lots of good people
    -Great opportunities for latest technology
    -High training budget
    -Lots of opportunities to move within the bank

    Cons

    -Many incompetent managers who have been there for 10+ years
    -Inconsistent team culture/work life balance
    -Very political
    -Hot desking

    Advice to ManagementAdvice

    Have managers with more than 1 direct report
    Get senior managers with management experience

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8. 1 person found this helpful  

    Great company, culture and ability to execute

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

    I worked at Commonwealth Bank of Australia full-time (more than 3 years)

    Pros

    The organisation is abundantly clear with its direction, vision and purpose. Staff understand this well, and have the autonomy to operate within these parameters to bring combine innovation and continuous improvement very well.

    Cons

    Adopts the McDonald's model to business. A thin layer of management (thinkers), and a whole lot of doers, often who are underpaid for their skills, capabilities and experience relative to what you can be compensated for elsewhere in the market place

    Advice to ManagementAdvice

    Reconsider unachievable bonus targets and structure.

    Recommends
    Neutral Outlook
    Approves of CEO
  9.  

    It takes time ..

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Commonwealth Bank of Australia

    Pros

    Access to top notch tools

    Cons

    A very complex organisation to work for.

    Advice to ManagementAdvice

    Get some structure in roles

  10. 2 people found this helpful  

    OK - but a conservative company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Executive Manager in Sydney (Australia)
    Former Employee - Executive Manager in Sydney (Australia)

    I worked at Commonwealth Bank of Australia full-time (more than an year)

    Pros

    Great employee value proposition matched to a conservative business model

    Cons

    If you're new, be prepared to wait for recongnition and don't expect a change oriented company

    Advice to ManagementAdvice

    Making some of the initiatives real - senior management are adept at playing the game to get results on them

    Recommends
    Neutral Outlook
    Approves of CEO
  11.  

    Customers first

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Commonwealth Bank of Australia

    Pros

    As cba puts customer first you can be sure that at all times you are working for what is important - the customer
    employees are appreciated for what they do and will always be taken care of

    Cons

    Limited options for roles in other countries.

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