CIBC Asset Management – “Drinking from a firehose”

Pros

Learning state of the art business practices from a high performing shop. Process in place to tutor managers on how to manage (coming from a smaller shop,, this training is so valuable).

Cons

Sink or swim here, a real Darwinian environment. You have it quadruple hard if you come from outside CIBC or another big bank. It takes months to get used to how things work, who/what your resources are... you need to invest time to really become independently competent because people ae too busy to help. And they are hiring like crazy right now...but I also hear they fire like crazy too. Its not a flat organization, very much an active hierarchy even down at the associate/assistant mkt manager/mkt mgr/sr mktg mgr & director)

Advice to Senior Management

Time for a bloodless reorg - don't fire the indians, make the chiefs figure this one out. My department seems organized in a bizarre, organic, this is how it grew way. People are doing things that aren't adding value because its always been done that way, or because no one else wants to do it. Even within my own department, people are producing materials and accessing content or interviewing people that it would be good to share that kind of info for the benefit of all. Many people are bogged down with crap, doing stuff that is aligned more with other positions or areas, but maybe supported better by their own management, so it continues to happen despite common sense. Kind of messy.