CIBC Reviews | Glassdoor

CIBC Reviews

Updated September 18, 2017
168 reviews

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CIBC President & CEO Victor Dodig
Victor Dodig
48 Ratings

168 Employee Reviews

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Pros
Cons
  • work life balance is compromised due to many projects on limited budget (in 54 reviews)

  • Too much pressure on you to achieve sales targets (in 53 reviews)

More Pros and Cons

  1. "Vice President"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Disapproves of CEO

    I worked at CIBC full-time (More than 5 years)

    Pros

    Easy to find a job here because it's a revolving door . Get a job here while you look for a better opportunity .

    Cons

    Trading room is a revolving door. Eventually they fire everyone but senior management . Always has an excuse not to pay bonuses. Not a good place to work.

    Advice to Management

    Re ny office; Senior managers are hiring the people that they are eventually firing. The trading room is a revolving door. Maybe it's time to judge your senior mangers on the management decisions they are making and putting their Jobs on the line based on how their hires work out. Maybe for every exec VP and down that gets fired you make a rule that an MD and up ( preferably higher than MD) gets let go.


  2. Helpful (1)

    "Previous employee"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Retail Branch Employee in Ontario, CA
    Former Employee - Retail Branch Employee in Ontario, CA
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I worked at CIBC full-time (More than a year)

    Pros

    Colleagues and clients made it delightful, benefits stock purchase program

    Cons

    Unrealistic sales targets make it very stressful and high pressure
    HR more to protect companies interest over employee

  3. Helpful (2)

    "CSR"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I worked at CIBC full-time (More than a year)

    Pros

    Coworkers and clients. Assistant Branch Managers were great for the CSR's.

    Cons

    Horrible experience with branch manager. Favouritism was blatant. High pressure sales and numbers to meet. Not necessarily what was best for the clients.


  4. "MA Assistant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at CIBC full-time

    Pros

    Worked at MA's business office. Didn't need to dress in business attire

    Cons

    MA was separate from CIBC
    I have allergies to dogs and the MA insisted on letting the dog sit next to me in the tiny office. She would insist the allergies were from something else.
    Don't expect to leave on time
    Lots of false promises made by the MA (separate from CIBC)
    She cancelled your shift at 11pm the night before then expected you to come in on your day off that was a couple days away.
    Schedule was never fixed and it was expected you worked past your cutoff time.

    Advice to Management

    Please be sure to follow through on promises; this makes CIBC look bad.
    Have a set start and end time
    Don't cancel on your employee less than 10 hrs before the shift is to start
    Try to keep home offices as Profesional as a business office would; without animals


  5. "Manpower Contract Employees"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Transaction Processing Officer in Markham, ON (Canada)
    Former Employee - Transaction Processing Officer in Markham, ON (Canada)
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Environment is not too bad , but can be much better !

    Cons

    Nothing as benefits provided if you are a manpower associate

    Advice to Management

    They have to become more employee focused first before focusing on the client experience, since the employees only deliver the real client experience !


  6. "Senior Financial Service Representative"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Markham, ON (Canada)
    Current Employee - Anonymous Employee in Markham, ON (Canada)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at CIBC full-time (More than 3 years)

    Pros

    Not much to say that is good

    Cons

    Very unethical. Management forces employees to sell certain mutual funds because of higher fees made. Management urges employees to stay away from saving accounts and gics because its generate less revenue for the bank. This is not right

    Advice to Management

    Start being ethical and do what is right for the client. Do not just say it, do it.


  7. Helpful (1)

    "Horrible workplace"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investigator in Midtown Toronto, ON (Canada)
    Former Employee - Investigator in Midtown Toronto, ON (Canada)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at CIBC full-time (More than 10 years)

    Pros

    -Fulltime employees are entitled to benefits

    Cons

    -Poor compensation in relation to workplace expectations which almost always increases
    -Expectations increase year over year setting you up for failure as what was once an exceptional performance becomes the new minimum necessity
    -Rampantly filled with absolutely horrendous management. Its amazing I worked in their Toronto head office for over a decade in various roles and departments, consistently reporting to bottom of the barrel awful managers who've seem to all to commonly slither their way into management roles due to their chain smoking habits and the people they end up meeting from it.
    -Nepotism and favouritism is commonplace here. I've routinely witnessed favoured employees receiving less difficult workloads or assigned simpler special projects and tasks while your stuck bearing the weight of a more complex and difficult workload.
    -A very reactive organization, little planning and preparation creates an unpleasant and unsettling work environment always racing to try to keep things steady and it usually rarely is.
    -Unless your applying to a highly specialized role requiring a very specific educational background , post secondary education or having a university degree matters very little in this organization, as most of the management do not have any formal post secondary education at all and thus place little value in it, choosing to instead to hire who they know or like.
    -Getting promoted is difficult as management 9 out of 10 times will hire who they like not who is the most qualified.
    -An over milking and simply lame corporate pie-the-face rah-rah culture, which most employees can hardly stomach.
    -Volatile work environment. A constant high rate of employee turn over is easily a red flag and a bad sign of an organization that is not a good place to be employed with, people are constantly trying to figure out a way to leave their intolerable and unpleasant jobs. Yes its truly that ugly...
    -I'm sure there's a lot more cons but you get the picture.

    Advice to Management

    None to management. My advice to job seekers is to stay away from this organization - you'll thank me for it.

  8. "Marketing Campaign Data List Team"

    StarStarStarStarStar
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook

    I worked at CIBC full-time

    Pros

    Long Tenured employees, i.e. 2+ years are there for life regardless of competence

    Cons

    - Long Tenured employees lack key skillsets
    - Incompetent leadership
    - Stuck with long, outdated processes
    - Clique environment
    - Unbalance work load across teams leading to overworked unhappy employees on some teams
    - Lack of marketing execution and customer strategies to move up from #5 spot

    Advice to Management

    The wrong employees are in leadership positions - they are clueless of how to execute on the CEO's and product team visions - get rid of them. Long tenured employees should not have as much influence with current and future decisions because they are not aware of modern innovative strategies. Ensure internal hires know the job before bringing them on - while it's good to look out for employees, it is detrimental if they do not know the work. If management truly understands the CEO's vision they will quickly begin assessing the talents of the current database marketing leadership and this department overall


  9. "Digital is great if you're willing to put up with the BS"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director in Toronto, ON (Canada)
    Former Employee - Director in Toronto, ON (Canada)
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at CIBC full-time (More than 8 years)

    Pros

    Exposure, relatively less red tape compared to other Banks, a degree of ownership depending on role. In general, the people you work with regularly are great.

    Cons

    Awful leadership (no vision, little support). Pay is better at other Banks. Hard work isn't always recognized. Digital has become increasingly competitive internally, making trust a huge issue.

    Advice to Management

    Hire leaders, not sole contributors managing a team. Provide a clear vision and let the people you've hired execute it.


  10. "IB Summer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Anonymous Intern
    Former Intern - Anonymous Intern
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at CIBC as an intern

    Pros

    - people are mostly nice, although varies

    Cons

    - firm doesn't think through hiring decisions properly
    - no communication throughout the summer
    - do not take feedback to interns seriously

    Advice to Management

    think through hiring cycles better and care more about your interns


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