Commerzbank Reviews | Glassdoor

Commerzbank Reviews

Updated October 18, 2017
320 reviews

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320 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. "Oracle DBA"

    StarStarStarStarStar
    • 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


  2. "good benefits"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Great benefit. Generous vacation days.

    Cons

    It needs to be more efficient in the IT

  3. "Vice President"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Negative Outlook

    I have been working at Commerzbank full-time

    Pros

    Small organization giving opportunity to get exposure to all aspects of the business.

    Cons

    Exiting some business resulting in loss of FTE.

    Advice to Management

    None


  4. Helpful (2)

    "VP"

    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
    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


  5. Helpful (1)

    "Vice President"

    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
    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


  6. "Special Event Assistant & Coordinator"

    StarStarStarStarStar
    • 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.


  7. 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

  8. Helpful (1)

    "Associate - Markets Division"

    StarStarStarStarStar
    • 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.


  9. "great work"

    StarStarStarStarStar
    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


  10. Helpful (2)

    "Director"

    StarStarStarStarStar
    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.


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