Commerzbank Reviews | Glassdoor

Commerzbank Reviews

Updated April 22, 2017
275 reviews

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Full-time Part-time

3.2
Star Star Star Star Star
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Approve of CEO
Commerzbank Chairman of the Managing Board and CEO Martin Zielke
Martin Zielke
18 Ratings

275 Employee Reviews

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

  • Connection to senior management are exaggeratedly important in career development (in 8 reviews)

More Pros and Cons

  1. "Vice President"

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

    I have been working at Commerzbank (More than 8 years)

    Pros

    Benefits, vacation days, flexible work schedule, laid back type of environment, not as much pressure as working in different industries

    Cons

    Tons of red tape to get anything done and all proposals need to get escalated to head office or senior management, not a lot of promotion opportunities for those that are not German or English

    Advice to Management

    Retain employees that have been loyal and critical to the success of the bank at the moment, meritocracy should be the slogan of the bank


  2. Helpful (1)

    "Vice President"

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

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

    Pros

    The health and vacation benefits were great. The people were generally friendly and easy to work with. There is opportunity to grow there.

    Cons

    Since I worked in a branch office, we were often given directives from the head office that were difficult to implement. Since our technological, personnel and budgetary resources were limited, it was hard to keep up with management requirements and objectives. Salary increases and bonuses were limited.

    Advice to Management

    Ensure that the same systems and technological advances, and opportunities for training, are available in the branches as well as in the home office.


  3. Helpful (1)

    "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
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Good salary and benefits package. Work is not very hard and not much stress. Could be a good career path if you are German.

    Cons

    Almost everything else. Management is clueless and turns over quite a bit. The U.S. presence is diminishing quite a bit and morale is very low.

    Advice to Management

    Don't lie to your employees. If layoffs are in the picture, let them know as they are going to figure it out anyway. Headquarters does not know everything, especially the U.S. market.


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  5. Helpful (1)

    "Place is falling apart"

    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
    Disapproves of CEO

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

    Pros

    Good benefits 401k. Life to work balance is good here. The place was very good before being rescued by the German government

    Cons

    Place is shrinking fast. Closed most of the London office same thing is happening in NY. Closing down most businesses globally. No future on the investment bank side at this bank.

    Advice to Management

    Try telling the truth. Better then getting the information off Bloomberg news.


  6. "Finance"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Garden City, NY
    Former Employee - Anonymous Employee in Garden City, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Commerzbank (More than 3 years)

    Pros

    People nice to work with; good family/work balance

    Cons

    Scaling down brokerage operations; in downsize mode

    Advice to Management

    Think long term and empower decision making in NY


  7. "fx manager"

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

    Pros

    good team smart people who work hard

    Cons

    downsizing due to lack of direction

    Advice to Management

    none


  8. "Eagles"

    Star Star Star Star Star
    Former Employee - Associate in New York, NY
    Former Employee - Associate in New York, NY

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

    Pros

    Good working hours for family

    Cons

    Jobs moving to head quaters


  9. "Oracle DBA"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    Former Employee - Oracle Database Administrator in New York, NY
    Former Employee - Oracle Database Administrator in New York, NY
    Recommends
    Neutral Outlook

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

    Pros

    Great Benefits, Good Hours, Good Pay

    Cons

    Down sizing due to Out sourcing


  10. Helpful (1)

    "VP"

    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
    Neutral Outlook
    Disapproves of CEO

    Pros

    Generally good benefits (401k match, vacation days), work-life balance

    Cons

    Morale is low - Bank isn't growing and no place to advance; management keeps turning over and strategy changing; NY is basically run from Germany and they are just trying to keep costs low and cut people

    Advice to Management

    Management is basically following German orders so advice won't help


  11. "Special Event Assistant & Coordinator"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Executive Assistant/Special Events Assistant in Los Angeles, CA
    Former Employee - Executive Assistant/Special Events Assistant in Los Angeles, CA

    I worked at Commerzbank (More than 3 years)

    Pros

    Located at Brookfield Place which is nice to escape your cubicle.

    Cons

    Investment banking is not as stable.



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