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      CIBC

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      What are perks and other benefits like at CIBC?

      CIBC reviews

      Recommended for starting career

      Senior processor
      Current employee
      Toronto, ON
      Recommend
      CEO approval
      Business Outlook

      Pros

      Flexibility, Good benefits, bonuses, and work from home 4 out of 5 days a week

      Cons

      Increased amount of workload recently and very little pay raises yearly

      Good

      Sr. team leader
      Current employee
      Toronto, ON
      Recommend
      CEO approval
      Business Outlook

      Pros

      Good benefits with vacation and health insurance and work from home

      Cons

      Micromanaged and behind in personal days offerings compare to other banks

      1

      TOXIC TOXIC TOXIC

      Managing director
      Current employee
      Chicago, IL
      Recommend
      CEO approval
      Business Outlook

      Pros

      A lot of great people who mean well, but overshadowed by the coercive power culture and poor leaders.

      Cons

      - Coercive power culture in which incompetent leaders demand that you meet unreasonable deadlines with limited resources and threaten your compensation, bonus, and benefits if you don't work overtime to deliver. - Leaders never take accountability for their own failures. An SVP in technology silently conducted a layoff (WARN wasn't reported to State of Illinois) to scapegoat individuals for Enterprise issues that originated from the department the same leader was the SVP over for the prior five years. - Zero strategy or direction from the top down. The CEO, Victor Dodig, stepped into his position in September 2014 with the stock trading at ~$45 /share. Ten years later it is trading at ~$48.50 /share, it's way past due for heads to roll! - Leaders acknowledge their is a lack of resources and encourage everyone to pull together and "figure it out", but instead the quality employees figure their way out to better jobs at better organizations. - New hires are often allowed to work fulltime remote; however, if an existing employee requests to transition from hybrid to remote due to life changes, it is an uphill battle that is NOT supported, despite peers being hired with that privilege and provided with higher pay. - HR is oblivious to their own rules and only gets involved if a VP requests their involvement. They've routinely cost employees money with their complete lack of knowledge of internal policies and legal requirements. - Every team is riddled with regulatory findings due to the aforementioned poor leadership, and everything is urgent; however, due to the lack of a comprehensive strategy, the left hand never knows what the right hand is doing and the company continues to spiral out of control and unable to sustain any further growth. - If you're a woman or a person of color, stay away because the executives are a perfect example of an old fashioned boys club.

      6

      Stressful work environment

      Fraud analyst
      Former employee
      Montreal, QC
      Recommend
      CEO approval
      Business Outlook

      Pros

      Good benefits and pension plans

      Cons

      Stressful work environment, poor management, a lot of micromanaging, back to back calls and you get treated like a robot

      1

      Would recommend

      Program manager
      Current employee
      Toronto, ON
      Recommend
      CEO approval
      Business Outlook

      Pros

      Great culture, strong leadership, great partnerships and team support, good benefits and PTO

      Cons

      Large pay wage gap between average employee and executives/CEO

      Director salary

      Director cybersecurity
      Former employee
      Toronto, ON
      Recommend
      CEO approval
      Business Outlook

      Pros

      Good Benefits and pension and stock options

      Cons

      No room to grow, too focus on ESG politics.

      A stable job if they want you around

      Risk business analyst
      Former employee
      Chicago, IL
      Recommend
      CEO approval
      Business Outlook

      Pros

      Benefits are good with great health insurance and a good amount of PTO that’s easily taken

      Cons

      Low salary, technology is woefully behind, lots of employees from pre merger LaSalle Bank that are incompetent, management is only looking out for themselves, bank is very cheap, work is simple and boring

      1

      Good company culture

      Sr business systems consultant
      Current employee
      Toronto, ON
      Recommend
      CEO approval
      Business Outlook

      Pros

      Supportive company, good benefits and work life balance

      Cons

      No clear promotion schedule/ route

      Bad place

      Credit card customer service representative
      Current employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      Good benefits and paid time off

      Cons

      Exhaustion and burnout pay is bad

      L

      Systems administrator
      Current employee
      Montreal, QC
      Recommend
      CEO approval
      Business Outlook

      Pros

      Good work benefits and good management.

      Cons

      Starting salary could be more conpetitive.