Commonwealth Bank of Australia Reviews | Glassdoor

Commonwealth Bank of Australia Reviews

Updated May 27, 2017
735 reviews

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Full-time Part-time

3.9
Star Star Star Star Star
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Commonwealth Bank of Australia CEO & Managing Director Ian Narev
Ian Narev
408 Ratings

735 Employee Reviews

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Pros
  • There is a wonderful work life balance present here that you would not be able to find in other areas (in 89 reviews)

  • Flexible working arrangements are common (in 60 reviews)

Cons
More Pros and Cons

  1. "CBA perspectives"

    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
    Positive Outlook
    Approves of CEO

    Pros

    Strong client culture, great people
    IT is a massive driver of value esp in Retail Bank
    Super Compliant / Rule following company
    Strong product set with deep capability and industry insight
    High ROE and profitability

    Cons

    Home office bias is very strong
    Not the fastest $100 Bn dollar, AAA rated bank
    The promise of unique big data at fingertips remains out of grip

    Advice to Management

    Stay the course


  2. "Chief Compliance Officer"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Chief Compliance Officer in New York, NY
    Former Employee - Chief Compliance Officer in New York, NY
    Recommends
    Positive Outlook

    I worked at Commonwealth Bank of Australia (More than 3 years)

    Pros

    Great work environment and benefits.

    Cons

    Major decisions are made in Australia which don't take into account local considerations.


  3. "Good"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Commercial Analyst in Westlake, OH
    Former Employee - Commercial Analyst in Westlake, OH
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    I got paid up to about $700 a day for just doing apsolutley nothing and it paid of my morgage so yeah

    Cons

    Some of the challenges working here is that you need full protection and security management incase of a theif trying to steal money


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  5. "Head of Corp FX Sales, Build a major client base of Fortune 500 companies that would partner well with CBA"

    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
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Strong balance sheet and credit rating with smart, energetic personnel, great place to work.

    Cons

    Time zone with HQ, lack of products to sell to Fortune 500 clients.

    Advice to Management

    Continue to be who you are and expand at the right pace


  6. Helpful (1)

    "Working for an Australian Bank"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Banker in New York, NY
    Former Employee - Banker in New York, NY
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Small Bank with good credit rating. Nice people, good working atmosphere where everyone knows each other and what their job functions is.

    Cons

    You will always be an Australian satellite office that operates in the same manner as home office. Systems are fragmented and outdates.

    Advice to Management

    Integration and updating of systems are definitely needed.


  7. "Company with great culture and very innovative for such a large enterprise"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Commonwealth Bank of Australia full-time

    Pros

    Culture, interesting work, lots of work

    Cons

    Politics, you have to fight for what you want, not many great managers


  8. "Senior Associate"

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

    I have been working at Commonwealth Bank of Australia full-time

    Pros

    Good work life balance and opportunity to progress career

    Cons

    Bureaucratic, slow decision making processes, salary is lower than market


  9. Helpful (4)

    "Torganization is a good place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Administrative
    Current Employee - Administrative
    Doesn't Recommend
    Neutral Outlook

    I have been working at Commonwealth Bank of Australia full-time (More than 3 years)

    Pros

    Good place to work
    nice people
    flexible hours
    good co workers
    free lunch

    Cons

    Long hours
    mean people
    gossip
    not much education
    low salary

    Advice to Management

    Educate yourself


  10. "Compliance Associate"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends

    I worked at Commonwealth Bank of Australia full-time

    Pros

    Great people and small office in New York. Management from Sydney interested in adapting to US regulatory world.

    Cons

    Distance makes for communication adjustments. Site visits increased as I left job - much needed.


  11. Helpful (2)

    "Not an enjoyable place to work (IT Operations)"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Commonwealth Bank of Australia (More than 5 years)

    Pros

    Good pay, awesome co-workers. Nice offices.

    Cons

    Management doesn't really know or care about keeping employees happy (thereby improving productivity). And endless stream of ladder climbing area managers and barely effective and overworked middle management means that the group is restructured regularly.

    (This relates only to the IT Operations group - possibly the rest of the bank is not as bad).

    I have to stress again, a great working relationship with your fellow colleagues is very much a strong point point of the position.

    Advice to Management

    Pay attention to your employees! Many of them are attracted to the job because of big paychecks. But even after becoming disillusioned - for many that is the only reason they choose to stay. Given a little care, your employees could be superstars instead of clock-punchers.


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