CIBC World Markets Reviews | Glassdoor

CIBC World Markets Reviews

Updated June 16, 2017
103 reviews

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3.6
Star Star Star Star Star
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CIBC World Markets CEO Richard W. Nesbitt
Richard W. Nesbitt
43 Ratings

103 Employee Reviews

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Pros
Cons
  • like any other investment bank, long hours (in 8 reviews)

  • Ignorant of work life balance; can be overworked without appropriate comp (in 4 reviews)

More Pros and Cons

  1. "Excellent Experience"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in New York, NY
    Current Employee - Analyst in New York, NY
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Great culture. Analyst are given a tremendous amount of responsibility throughout the entire deal cycle.

    Excellent compensation.

    Cons

    Not a bulge bracket bank.

    Advice to Management

    Continue to hire quality talent. Focus on retention.


  2. "World Markets Employment"

    Star Star Star Star Star
    Current Employee - Associate in Brooklyn, NY
    Current Employee - Associate in Brooklyn, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at CIBC World Markets full-time (More than a year)

    Pros

    Compensation is competitive and the World Markets group is growing so there is opportunity to grow and change roles

    Cons

    Management changes hands quite a bit, especially after recent talent acquisitions - turnover is fairly high and can feel like churn shop

    Advice to Management

    Develop a better program to retain and promote millennial talent - perhaps pair with a mentor or career counselor. Define a clear path to promotion


  3. "Good experience"

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

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

    Pros

    Family like environment and steady-eddy bank

    Cons

    sometimes things happen too slowly and its less competitive for that reason

    Advice to Management

    think more dynamically


  4. "Hire and Fire culture destroyed a great place to work"

    Star Star Star Star Star
    • 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
    Negative Outlook
    No opinion of CEO

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

    Pros

    From 2001 to 2009 this was a great place to work. Management created a collegiate atmosphere that rewarded success and recognized teamwork.

    Cons

    New capital markets' management team in 2009 destroyed a great culture. They continue to employ a hire and fire policy using constant termination as a motivational tool. They do not promote teamwork and expressly stated that it is not something they value. Senior managers manage from a spreadsheet. Those at the bottom get let go no matter the circumstances. Management experimented with a US fixed income sales and trading desk ... it lasted 3 years. No recognition that the platform is sub par and no attempts to upgrade it.

    Advice to Management

    Recognize your own mistakes and upgrade the platform.


  5. "This was a decent place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Real Estate Finance Analyst in New York, NY
    Former Employee - Real Estate Finance Analyst in New York, NY
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Most of the mid-level managers are friendly, relaxed and good to work for. There is a real camaraderie amongst the staff.

    Cons

    Senior management backtracks on instructions sometimes meaning you sometimes aren't sure what the guidelines are for doing your job.


  6. "Director"

    Star Star Star Star Star
    • 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
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    I worked at CIBC World Markets (More than a year)

    Pros

    Well established organization, willing to spend money to update their technology platforms.

    Cons

    Old school structure models with individuals not willing to change their ways of thinking.


  7. "I enjoyed it very much"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate, Invest and Corp in New York, NY
    Current Employee - Associate, Invest and Corp in New York, NY
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at CIBC World Markets full-time (Less than a year)

    Pros

    Great culture, not too much face time. Alot of very interesting people. Very small firm allowed access to senior management.

    Cons

    The firm is run from Canada, which is very conservative. Management in New York wanted to take more risks. Also compensation was bad outside of the darling infra group.


  8. "Great place to work and learn the ropes of banking and lending."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Transaction Manager in New York, NY
    Former Employee - Senior Transaction Manager in New York, NY
    Recommends
    No opinion of CEO

    I worked at CIBC World Markets full-time (More than 3 years)

    Pros

    Its a good place to learn to manage and run your transactions almost as if its your own business - it gives you an insight into Entrepreneurship. I was able to do things my own way close deals the ay i saw fit obviously the realm of company policy. Its also a very relaxed and friendly environment. I was part of the real estate finance group in NY city, which is a very small neat bunch. Great benefits. Good compensation. The harder you worked the more money you made.

    Cons

    Diversity, Long hours, working weekends and late into the night (1am). - its banking so you should expect it.
    Time off - 4 weeks for associates and above and 3 weeks for analysts and administration staff.
    Promotions - It was not very clear how promotion was achieved, except that it was your manager and other MDs that agreed based on your performance and how you worked with everyone else.


  9. Helpful (2)

    "Good company until culture changed with new mgmt team"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Executive Director in New York, NY
    Former Employee - Executive Director in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Prior to 2009: Early opportunity for advancement, colleagues

    Cons

    Mgmt hired in 2009 uses termination as a motivational tool, firing someone from each department every year. Creates a culture of fear. 3 people were terminated in 2 years for malfeasance which was a direct result of this mgmt style.

    Advice to Management

    Provide employees with the resources necessary to achieve their goals. A phone and a computer is not a capital markets platform.


  10. "They are a decent employer"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director in New York, NY
    Current Employee - Director in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I have been working at CIBC World Markets full-time (More than 10 years)

    Pros

    Great with flexibility and timing

    Cons

    reputation and pay are not great

    Advice to Management

    Very slow


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