Commerzbank Reviews | Glassdoor

Commerzbank Reviews

Updated March 27, 2017
267 reviews

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267 Employee Reviews

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Pros
  • Good work life balance in comparison to other Banks (in 50 reviews)

  • Ruhiges Arbeitsklima, nette Kollegen (in 12 reviews)

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. "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.


  3. Helpful (2)

    "Dying Firm"

    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
    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


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  5. Helpful (1)

    "Associate - Markets Division"

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

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

    Pros

    Good, friendly and honest people working here. Very knowledgeable and approachable.

    Cons

    base pay is definitely on the low end and bonus is terrible. Management admits this and will flat out tell you if you don't like it, feel free to go.
    In terms of career advancement, there aren't any within.
    Outdated trading platforms and weak IT infrastructure.

    Advice to Management

    Get rid of the current senior management as they have were grandfathered in and have virtually no idea how to move the markets division in the right direction.


  6. "great work"

    Star Star Star Star Star
    Former Employee - Business Analyst in Chicago, IL
    Former Employee - Business Analyst in Chicago, IL

    I worked at Commerzbank (Less than a year)

    Pros

    Good environment to work with

    Cons

    Weak benefit and salary, tough requirement


  7. Helpful (2)

    "Director"

    Star Star Star Star Star
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Used to be employee friendly; let individuals develop and grow. Used to be possible to train and grow on the job.

    Cons

    Headoffice has no clue of what it means to be a global bank. Board of managing directors lack strategic skills and vision.


  8. Helpful (2)

    "N/A"

    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

    I have been working at Commerzbank full-time

    Pros

    Good benefits. Depending which group you reside will also decide on how you are treated....

    Cons

    No room for growth. Some managers choose not to promote the people reporting to them no matter how well and hard they work in order to complete projects....

    Advice to Management

    Management needs to pay more attention to the people that helped get them there, meaning the workers. Without hardworking individuals they would be nothing....


  9. "Struggling firm, not a bad place"

    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
    Recommends
    Negative Outlook
    Disapproves of CEO

    I worked at Commerzbank (More than 10 years)

    Pros

    HR does a great job of introducing employee engagement initiatives. Some positive teamwork. Good exposure to senior management. Very good benefits.

    Cons

    Challenging business environment related to regulatory compliance wrist-slaps ($1.45bn). Salaries fair, bonuses poor to ok depending on performance.


  10. "Great company to work for"

    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
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at Commerzbank full-time (More than 5 years)

    Pros

    30 day leave after 5 years, 401k 6% dollar match, low healthcare cost to employee

    Cons

    Most projects need to be approved from Frankfurt- mostly long lead time. Rarely allow work from home


  11. Helpful (1)

    "Associate Credit Analyst"

    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
    No opinion of CEO

    I have been working at Commerzbank full-time (More than 5 years)

    Pros

    Knowledgeable and experienced people

    Cons

    Not marketable compensation, low bonuses and slow growth opportunities. Knowledgeable and experienced people are starting to leave or are letting go because of low compensations and cost reductions



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