Commerzbank Reviews | Glassdoor

Commerzbank Reviews

Updated July 31, 2017
32 reviews

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Commerzbank Chairman of the Managing Board and CEO Martin Zielke
Martin Zielke
3 Ratings

32 Employee Reviews

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Pros
  • Sehr gutes Traineeprogramm und auf Wunsch auch eine sehr gute Work-Life-Balance, gutes Arbeitsklima (in 54 reviews)

  • Good working environment, great people and good work life balance (in 11 reviews)

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. Helpful (1)

    "Place is falling apart"

    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
    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.


  2. Helpful (2)

    "Dying Firm"

    StarStarStarStarStar
    • 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
    Disapproves of CEO

    I have been working at Commerzbank (Less than a year)

    Pros

    Good people, good benefits, good hours

    Cons

    Backwards, terrible compensation, low morale

    Advice to Management

    Need a big overhaul, not a series of small bandaids

  3. Helpful (2)

    "Good benefis"

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

    Pros

    Good benefis are about the only good thing

    Cons

    about the only good thing

    Advice to Management

    wake up and keep the good people before they all leave!!


  4. Helpful (1)

    ""The ship is sinking...""

    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
    Negative Outlook
    No opinion of CEO

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

    Pros

    * Benefits are better than what is out there in the banking industry

    Cons

    * Technology is outdated compared to competitors
    * Current loyal employees are waiting to be lay off to get package or already looking for work
    * No pay raises or promotion unless you are connected to upper management
    * Their Information Technology support is a joke. Headed by people who don't listen

    Advice to Management

    Good loyal people already leaving. Why even keep presence in NY? Business not even profitable to have a Christmas party the last 6 years.


  5. Helpful (2)

    "Poorly managed US/NY branch by overseas expat mgt. ith no growth nor respect for any top performing US emplyees"

    StarStarStarStarStar
    • 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
    Disapproves of CEO

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

    Pros

    None; except that walk-up call to all the good conscious US employees to find better home for respectful professional treatment and equal opportunity growth like any other normal institutions

    Cons

    - layers of Brit in top management (who particularly have no / little interest in development of local talented employees) entertwined with layers of Germany top/ mid management in very small branch
    - very immature leadership and rigid management style completely lack of conviction, vision and qualification esp in building and running US business in current US regulatory environment
    - little/ no respect and trust for local employees with jokes about hair styles, dressing code, occasionally work flexibility need due to inclement weather
    - only support the career development those with Brit/ German connectivity at the expense of US employees. Those who are good left for much more respectful firms
    - little comp adv for sure

    Advice to Management

    Hire, develop and trust a Real capable US management team that respects and grows US local employees and understands US regulation.


  6. Helpful (5)

    "Nice people to work with but total control exerted by the head office and folks from the head office."

    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

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

    Pros

    Good benefits including vacation and medical. Good for people who wants a stable and low paying job with less pressure.

    Cons

    Cut costs and not even offer paper cups to visitors, low pay, no state of the art technology, no possibility of growth, zero telecommute tolerance even when governments declare emergency and a very hard CEO who cares only about his bonus by saving every penny instead of advancing and taking a positive approach to life.

    Advice to Management

    Before the management shift happened around 2009, the place was wonderful to work with under a great management team. New management criticizes the old and the policy of increasing revenue by cutting every penny instead of taking a positive approach to growth kills the employee morale and no body gains anything.


  7. "Below par employer"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Disapproves of CEO

    Pros

    People are good to work with at the lower employee level and most of them are hard working.

    Cons

    Pathetic management. Bad leadership. No transparency. They have not done performance evaluations for employees in the last three years and they pay below average salaries. They will not survive if not for the support they receive from the German Government.

    Advice to Management

    Employees are the biggest asset for any company. Respect and treat them well and keep them happy. Introduce 360 degree performance evaluation and be transparent.

  8. "Been there, done that and regret."

    StarStarStarStarStar
    • Work/Life Balance
    • 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

    Pros

    - Work life balance
    - Laid back middle management
    - Great benefits compared to other banks
    - Nice people to work with

    Cons

    - Incompetent senior management
    - Lack of communication from management
    - Slow response to crisis
    - Useless HR

    Advice to Management

    Please recuse yourself from the board. Your employees are suffering.


  9. "Dresdner / Commerzbank still going through merger"

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

    Pros

    -great benefits
    -lots of vacation days
    - there is a great pension and a 4 0 1 k match, hr knowledgeable

    Cons

    -management doesn't know what they are doing
    - mandates are constantly changing so your projects lack focus
    - merger complications

    Advice to Management

    figure out direction


  10. Helpful (2)

    "Client onboarding team London. TERRIBLE management. Clients suffer."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - KYC Analyst in London, England (UK)
    Former Employee - KYC Analyst in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Great to test your patience.

    Cons

    SO many managers and expensive project managers involved in the client onboarding and the majority of them have no KYC experience whatsoever but just like numbers and having a meeting about a meeting to discuss the other meeting.
    Almost weekly changes on how to onboard a client.
    A small army of contracting case approvers who seem to spend more time on their smart phones and online shopping than reviewing a case. Their managers don't care. Its all about the numbers and the games that can be played to boost numbers and appear busy..
    Got to travel a bit and train some new colleagues offshore.
    Some nice people.
    The right people aren't being placed in the right role, i.e if you speak Chinese hire a Chinese speaker and not put the Chinese speakers elsewhere.

    Advice to Management

    Get rid of half the consultants who are using you as a cash cow.
    Sort out that case approval team, they get away with murder.
    Hire experienced compliance staff and not a bunch of contractors who 'embellish' whats on their CV.


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