Commerzbank Reviews in Germany | Glassdoor

Commerzbank Germany Reviews

Updated December 6, 2017
96 reviews

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Germany

3.6
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Commerzbank Chairman of the Managing Board and CEO Martin Zielke
Martin Zielke
18 Ratings

96 Employee Reviews

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Pros
Cons
  • Connection to senior management are exaggeratedly important in career development (in 9 reviews)

  • No future on the investment bank side at this bank (in 9 reviews)

More Pros and Cons

  1. "AVP"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - AVP in Frankfurt am Main (Germany)
    Former Employee - AVP in Frankfurt am Main (Germany)
    Recommends
    Negative Outlook
    Disapproves of CEO

    I worked at Commerzbank full-time (More than 3 years)

    Pros

    Team, Working environment, Challenging tasks

    Cons

    Limited mobility, partially hierarchical structures


  2. "Commercial Banking Intern"

    StarStarStarStarStar
    Former Intern - Anonymous Intern in Frankfurt am Main (Germany)
    Former Intern - Anonymous Intern in Frankfurt am Main (Germany)

    I worked at Commerzbank as an intern

    Pros

    Great experience if you demonstrate self-initiative and interest

    Cons

    Hours can be long at times but not too crazy for banking.

  3. "Good Place to learn"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Internship in Frankfurt am Main (Germany)
    Former Intern - Internship in Frankfurt am Main (Germany)
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Commerzbank as an intern (Less than a year)

    Pros

    Good Culture
    Work-Life-Balance is better than at other Financial institutions
    Learning experience

    Cons

    Salary is below industry average
    International Reputation

    Advice to Management

    -


  4. "Dual Student"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Stuttgart (Germany)
    Former Employee - Anonymous Employee in Stuttgart (Germany)
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Commerzbank part-time (More than 3 years)

    Pros

    -friendly atmosphere
    -given responsibility from the beginning

    Cons

    -slow internal promotion
    -industry position in general


  5. "Probably the worst bank I have ever worked for"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director (Company) in Frankfurt am Main (Germany)
    Former Employee - Director (Company) in Frankfurt am Main (Germany)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Commerzbank (Less than a year)

    Pros

    The work-life balance is good. There is no pressure whatsoever as there are no hard goals. Yearly appraisals are a joke compared with my previous employers. HR is an alibi. Knowledge levels are zero. A lot of people work there who have no real HR knowledge. If you take the bank to court you will usually win as the bank makes elementary mistakes in HR. CBK has lost most of their court cases or settled outside of court.....see press articles.

    Cons

    The salary is way too low from an industry perspective. The only people that start at Coba now can obviously not find a job elsewhere. Bonuses this year were 1.000-3.000 which is obviously a joke. The employees are frustrated behind comprehension. Management has no real strategy. The bank is 17% German state owned and behaves like that. Rainmakers go to real banks. The divisional head of FICC said in Berlin in 2011 " we are not Sparkasse Frankfurt".....a very arrogant comment to make. Today he would be happy to work for Sparkasse Frankfurt.
    NEVER EVER HAVE A CONVERSATION WITH YOUR MANAGER AND HR WITHOUT A MEMBER OF THE WORKERS COUNCIL PRESENT. Otherwise you run the risk of your manager and HR reporting that you said something that you actually never said. This is extremely important, especially in FICC.

    Advice to Management

    Develop a real business strategy, make managers accountable, stop the old-boy society mentality, start paying real salaries to good people.


  6. "Controlling"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Controller in Frankfurt am Main (Germany)
    Current Employee - Controller in Frankfurt am Main (Germany)
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Commerzbank part-time (More than 3 years)

    Pros

    good education
    getting responsibilities quickly
    friendly colleagues

    Cons

    unmotivated employees
    litte reward for performance


  7. "Intern"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Intern in Frankfurt am Main (Germany)
    Former Employee - Intern in Frankfurt am Main (Germany)

    Pros

    team was good. I learn a lot of things in the short time of 3 months during my internship. I can recommend an internship. Obviously it depends on the department, too.

    Cons

    location at train station not so nice. The bank still suffers from the crisis but is on a good way of recovery.

    Advice to Management

    good strategic plan is required

  8. "Interest, Currency & Liquidity Management"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Internship in Dortmund (Germany)
    Former Intern - Internship in Dortmund (Germany)
    Recommends
    Positive Outlook

    I worked at Commerzbank as an intern (Less than a year)

    Pros

    Friendly and professional environment, interesting responsibilities (pricing of hedging tools and other financial derivatives)

    Cons

    Work can get monotonous; company was restructuring process at this point in time, sometimes very unorganized structues;

    Advice to Management

    Catch up with innovation


  9. "Great experience!"

    StarStarStarStarStar
    • Career Opportunities
    • Comp & Benefits
    Former Intern - Intern in Frankfurt am Main (Germany)
    Former Intern - Intern in Frankfurt am Main (Germany)
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Commerzbank as an intern (Less than a year)

    Pros

    Great opportunities in a very friendly environment. I managed to work with some amazing people and learn a lot from the experience. They are very open to questions and helped me with any issue I had. Overall a great experience.

    Cons

    Although the division I worked in was very friendly, the bank was going through a tough time financially, which led to a big restructuring.

    Advice to Management

    Improve communication channels regarding job-related issues. During the time I was there, the bank fired 5000 of its employees and the only means of communication they had, was a short webinar.


  10. "Internship"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Internship in Frankfurt am Main (Germany)
    Former Employee - Internship in Frankfurt am Main (Germany)
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Commerzbank full-time (Less than a year)

    Pros

    - Decent workload average pay
    - Good communication with HR
    - International environment
    - Up to date it infrastructure (at least for the front office)

    Cons

    - no free coffee
    - Reference letter is written in German (I could also not believe it in the first moment...)


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