Commonwealth Bank of Australia Reviews | Glassdoor

Commonwealth Bank of Australia Reviews

Updated December 16, 2018
1,256 reviews

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3.9
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Matt Comyn
105 Ratings

Employee Reviews

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Pros
  • "I also take full advantage of the work/life balance offered here to support my volunteering commitments with full backing from managers" (in 163 reviews)

  • "Amazing flexible working and work life balance" (in 101 reviews)

Cons
  • "I have run into some red tape within the organisation that has halted work on projects (although it was finished with approvals)" (in 58 reviews)

  • "Politics as expected within large organisation" (in 49 reviews)

More Pros and Cons

  1. Helpful (2)

    "Review of CBA Digital Team"

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

    I worked at Commonwealth Bank of Australia full-time

    Pros

    Great leadership.
    Good training and development.
    Ok remuneration.
    Good opportunities if you are on leadership track.

    Cons

    Working across the different business units.
    Conflict between departments on responsibilities.
    A very large organisation.

    Advice to Management

    Keep simplifying.
    Find new ways to deliver work horizontally across the organisation.
    Remove impediments for your staff.


  2. Helpful (2)

    "Too much politics"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Worker in New York, NY
    Current Employee - Worker in New York, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Great benefits package, flexible work life balance, good people overall

    Cons

    The executive team sucks! Compensation is extremely low and not at market value, employees are treated based on likes (it’s truly a political game), no real room for growth, you’re often demoted and there’s nothing you can do about it. The bonuses are the worse, never seen anything like it. They sell you on the fact that it’s a great company but it isn’t they work you like a dog. You’re often given short notice to work on projects and told to get it done right away then penalized when it’s not done in a timely fashion. Do yourself a favor a look elsewhere for employment this place sucks!

    Advice to Management

    Change the executive team, they are really tearing the company apart.

    Commonwealth Bank of Australia Response

    Oct 17, 2018

    Thank you for your feedback. We’re sorry to hear about your experience and want to assure you that we take these reports seriously. To raise your concerns anonymously, we encourage you to contact HR... More

  3. "Manager"

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

    I worked at Commonwealth Bank of Australia full-time

    Pros

    Work life balance is great

    Cons

    Appalling finance management don’t know anything about the underlying processes or people


  4. "Manager"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Commonwealth Bank of Australia full-time

    Pros

    Everyone is very collaborative, willing to help, and very intelligent. Good work/life balance. Great location downtown!

    Cons

    Not that I know of.


  5. "Good Benefits"

    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

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

    Pros

    Good pay, good benefits (healthcare, time off, 401k)

    Cons

    Non-transparent leadership, weak culture, very slow moving corporate feel


  6. "Electrician"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Electrical Engineer in Au Sable Forks, NY
    Current Employee - Electrical Engineer in Au Sable Forks, NY
    Recommends
    Negative Outlook
    Approves of CEO

    I have been working at Commonwealth Bank of Australia part-time (More than a year)

    Pros

    To make money for my future

    Cons

    I don't have any downward

    Advice to Management

    Am gonna be a good person


  7. "Great salary, but can get lost in process"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President, Embedded Products in Austin, TX
    Former Employee - Vice President, Embedded Products in Austin, TX
    Recommends
    Positive Outlook
    Disapproves of CEO

    I worked at Commonwealth Bank of Australia full-time (More than a year)

    Pros

    You can learn a lot and apply what you've learned in new roles or in new jobs outside the bank.

    Cons

    Business tries to focus on people and capability but spends much of its efforts on the Eastern seaboard staff members.

    Advice to Management

    Spend more time on understanding the real impact of KPIs - understand what they would do to you.

  8. Helpful (12)

    "Do not recommend"

    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

    I have been working at Commonwealth Bank of Australia full-time (Less than a year)

    Pros

    The hours in most functions are not too bad. Nice enough people on the trading desks/in support functions.

    Cons

    The culture is toxic and by far the worst that I have seen or heard of at any other bank. Everyone wants to leave, but CBA's poor reputation (not even third tier) and the market conditions make it difficult to find a new job in the same field. The company knows this and in turn lowballs bonuses thinking if people leave of their own volition, they wont have to pay severance and if they stay, the company gets away with not paying them. Most employees hired here have either been laid off and out of a job for a while or need to be incentivized by a sign on bonus to join from some place else.

    Additionally, the bank is run by salespeople and management consultants (politics prevails over commercial sense) with little knowledge about the businesses they run. Many of the senior salespeople cannot sell and never get fired because they kiss up to the right managers abroad. They are the only ones in the group who also have access to management in Sydney. As a result, whatever they say is blindly accepted and not questioned at all. Big mistake...

    Also, this is the absolute worst place for young people (under 35yo) who are hungry to work and develop their careers. Their managers will yank a new account from them to claim the revenue under their own name and will not promote anyone past Associate Director level. If someone starts asking for more responsibilities/their own accounts, their managers start making up complaints about their performance and try to push them out of the company. As a result, every single mid-level employee over the past four years has been either let go or convinced to leave.

    Advice to Management

    The New York office requires more management attention because unethical actions are not properly dealt with. Additionally, the employer retaliates against complaints even if they are sourced through the proper channels.

    Commonwealth Bank of Australia Response

    Jun 13, 2017 – Employer Brand Specialist

    At CommBank, we take any reports of unethical behaviour very seriously. Raising this issue through HR Direct would enable us to follow up this matter internally. You can do this by calling... More


  9. "Senior Associate"

    StarStarStarStarStar
    • 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


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

    StarStarStarStarStar
    • 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