Comerica

www.comerica.com
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Comerica - Cutting Its Way to Propsperity?

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Senior Investment Strategist in Costa Mesa, CA
Current Employee - Senior Investment Strategist in Costa Mesa, CA

I have been working at Comerica full-time (more than 3 years)

Pros

Generally nice people with which to work. Core Midwestern values are still quite evident in the corporate culture. If you find the right person, they can be very helpful.

Cons

Company has underinvested in systems in recent years. Training is not a strength of the corporation. Not a sales culture. Corporate lending still drives the organization's bottom line. Holistic wealth management is an aspirational goal for most offices, not a reality. Actions speak louder than words, and "cutting our way to prosperity" has been a running joke for several years.

Advice to ManagementAdvice

Demonstrate a commitmen to geographic expansion. Continue to support field personnel with sufficient staff so that they can focus on developing business and keeping current clients happy. Make sure that salaries are in line with competitive, so as to discourage turnover when economic conditions improve (repeating cycle).

Recommends
Neutral Outlook

235 Other Employee Reviews for Comerica (View Most Recent)

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  1.  

    24 years at Comerica

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - IT Manager in Auburn Hills, MI
    Current Employee - IT Manager in Auburn Hills, MI

    I have been working at Comerica full-time (more than 10 years)

    Pros

    Comerica generally cares about their employees. The is resistance against outsourcing. Working conditions and environments are good to excellent. The company put a lot of focus and training into improving employee behaviors.

    Very low employee turnover in IT.

    Cons

    Process improvement has been identified as a benefit so a lot of work has been done to improve processes. However, we have processed ourselves to death in several areas. Too many processes and controls when they aren't needed just to say the process has been changed with little real measurement of if the change was positive.

    Staff is aging in IT. Many of the key resources are either already at retirement age or very close. Key people have been retiring at an alarming rate as the economy has been improving. industry pressure to do more with less staff have worked against bringing in replacement staff in time to get them trained and up to speed. It also causes problems because some of the senior are twice as productive as junior staff that hasn't completely developed making a one to one replacement not equivalent..

    Advice to ManagementAdvice

    Comerica is highly critical of their managers. Most tend to focus performance reviews on the few things that went wrong and forget about the thousands of things that went right. This is common to the IT corporate culture. It would improve moral and productivity to focus more on achievements than just misses alone.

    Advancement in management is almost non-exsistant for the past several years. Most new managers have been hired from the outside because internal managers and staff are rarely seen as acceptable candidates for promotion versus outside staff without a background at Comerica.

    Recommends
    Positive Outlook
  2.  

    Bank Opportunity

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Customer Service Representative I in Houston, TX
    Former Employee - Customer Service Representative I in Houston, TX

    I worked at Comerica part-time (more than a year)

    Pros

    I was able to get my experience in banking with Comerica Bank. I recommend people to work for a great company that gives back to their employees.

    Cons

    I cannot really complain about Comerica Bank. Overall, was highly satisifed working at Comerica.

    Recommends
    Positive Outlook
    Approves of CEO
There are newer employer reviews for Comerica

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