Commonwealth Bank of Australia

  www.commbank.com.au
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Commonwealth Bank of Australia Reviews

Updated August 25, 2014
Updated August 25, 2014
132 Reviews

3.7
132 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Commonwealth Bank of Australia CEO & Managing Director Ian Narev
Ian Narev
61 Ratings

Review Highlights

Pros
  • Good work life balance, showers available at work and secure bike rack (in 17 reviews)

  • Good culture of promoting within and the opportunities are there (in 8 reviews)


Cons
  • Still lots of red tape (but less than other Aussie banks out there) (in 8 reviews)

  • Although a big advocate of work/life balance, in reality a lot of pressure on IT staff to meet deadlines and work over time (in 4 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.  

    Reviews tied to wrong company...look close as to who they worked for!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Does Not Matter
    Former Employee - Does Not Matter

    I worked at Commonwealth Bank of Australia full-time

    Pros

    Colonial First State Global Asset Management is not Colonial Management Group

    Cons

    Colonial Management Group is the worst job I have ever had...back stabbers!!

    Doesn't Recommend
    Negative Outlook
  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 for 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
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  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.  

    Employer of Choice

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

    I have been working at Commonwealth Bank of Australia full-time for more than a year

    Pros

    Amazing opportunities and support found at CBA.
    The culture is very engaging, inclusive and supportive whilst still challenging.
    Training and development is a huge focus and easily accessible for all employees.

    Cons

    There could be more communication and teamwork across different business units. They seem to be very segregated despite the move to cross-collaterate.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Good basic bank - profits from size & incumbency - bureaucratic, not a good fit for smart or ambitious people

    • 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 for more than 5 years

    Pros

    Collegiate atmosphere, less office politics than most peers (still some), reasonable remuneration at the senior levels compared to Australian market. Retail bank has a strong focus on customer satisfaction, and on innovating via digital / online channels.

    Cons

    Frustratingly bureaucratic. Still a lot of deadwood at senior levels, particularly compared to overseas banks. Capabilities of business bankers well behind peers. Change can often be slow and cosmetic, with some staff skilled at passively resisting it in their own roles.

    Advice to ManagementAdvice

    Probably time for generational change in upper management, to catch up with a more dynamic CEO. Encourage more personal risk taking, and measure the results. Lots of potential in the lower ranks, but career survivors in senior management acting as a cap on it.

    Recommends
    Neutral Outlook
    Approves of CEO
  9.  

    Excellent Work Culture

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

    I have been working at Commonwealth Bank of Australia full-time for more than a year

    Pros

    Large diverse organisation providing diverse range of opportunities

    Cons

    Increasingly cost conscious Industry with a focus on productivity

    Recommends
    Neutral Outlook
    No opinion of CEO
  10.  

    Growth potential is there!

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

    I have been working at Commonwealth Bank of Australia full-time for more than 3 years

    Pros

    Can see investments in people and positioned at the forefront of change management. Supportive culture as well.

    Cons

    Still quite bureaucratic and process-driven

    Advice to ManagementAdvice

    Don't fall short concentrating on short-term goals and neglecting the long-term objectives. Invest more in people and leadership development.

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Generally good but sometimes frustratingly bureauocratic

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

    I have been working at Commonwealth Bank of Australia full-time for more than 3 years

    Pros

    Opportunity to work on projects / programs with large scale.
    Best customer-facing technology in the market.
    Innovative and forward thinking.

    Cons

    A culture that accepts a lack of accountability and tolerates repeated failure (and not the fail fast and learn from the experience type of failure), from staff at all levels, makes project delivery extremely challenging.
    Over-specialisation in technology roles means that everything requires lots of people and meetings to get things done - we long for a dev-ops world.
    Internal technology is very dated (Windows XP, for example, is still standard operating system) and

    Advice to ManagementAdvice

    Great vision but need to drive execution - more accountability, less bureaucracy.

    Recommends
    Neutral Outlook
    Approves of CEO

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