Commonwealth Bank of Australia Reviews

Updated June 23, 2015
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3.8
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Recommend to a friend
Approve of CEO
Commonwealth Bank of Australia CEO & Managing Director Ian Narev
Ian Narev
110 Ratings

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

  • Lovely people excellent systems and good culture (in 10 reviews)

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

  • Process driven, management, work-life balance (in 5 reviews)

More Pros and Cons

219 Employee Reviews

Sort: Popular Rating Date
  1. Featured Review

    Helpful (1)

    Why I love working at Commbank!

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

    I have been working at Commonwealth Bank of Australia full-time (More than 5 years)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    A large and diverse organisation which presents ample opportunity for career and personal development. A strong culture genuinely focused on living its values and allowing employees to bring their full self to work….presents an opportunity to work with great people! Innovative and leading the banking market in our use of technology - very exciting for both our employees and customers!

    Cons

    Lots of process and procedures.....but that's banking and we're working hard to make things more simple for our people and customers. This is supported by our culture which promotes people speaking up and continuous improvement.

    Advice to Management

    Keep the focus on leading with vision and values, developing our internal talent and innovating!


  2. Head of Corp FX Sales, Build a major client base of Fortune 500 companies that would partner well with CBA

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

    I worked at Commonwealth Bank of Australia

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Strong balance sheet and credit rating with smart, energetic personnel, great place to work.

    Cons

    Time zone with HQ, lack of products to sell to Fortune 500 clients.

    Advice to Management

    Continue to be who you are and expand at the right pace


  3. Helpful (1)

    Working for an Australian Bank

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

    I worked at Commonwealth Bank of Australia

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    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 Management

    Integration and updating of systems are definitely needed.


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


  5. x

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

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

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

    Pros

    job security, competitive salary, breadth of work

    Cons

    slow, lack of career development opportunity

    Advice to Management

    x


  6. Below Average

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

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

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

    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 Management

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


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

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

    I worked at Commonwealth Bank of Australia full-time

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    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.


  8. Get ready to become an Aussie

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

    I worked at Commonwealth Bank of Australia

    Recommends
    Neutral Outlook
    Disapproves of CEO
    Recommends
    Neutral Outlook
    Disapproves of CEO

    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


  9. High on values and flexibility

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

    I have been working at Commonwealth Bank of Australia part-time (More than 5 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Flexibility encouraged across the board at all levels, genders and for all manor of reasons. CEO leads by example and is value driven. Customer is held in high regard and vision is felt throughout the business.

    Cons

    Large organisation makes quick decisions more difficult but this is being challenged every day. Legacy systems take time to upgrade, but again technology is a high focus and we are leading the way vs our competitors.

    Advice to Management

    Recruitment process is not always as slick as it should be. Process improvements could be gained here with more investment


  10. Life Balance

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

    I have been working at Commonwealth Bank of Australia

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Most teams really do strike a work/life balance
    Wide variety of roles

    Cons

    Very conservative with expenditure costs


  11. Strategy Manager

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

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

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Great culture, innovative, successful, respected

    Cons

    Lack of clarity around pay grades/structures



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