Commonwealth Bank of Australia Reviews | Glassdoor

Commonwealth Bank of Australia Reviews

Updated October 13, 2017
65 reviews

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Commonwealth Bank of Australia CEO & Managing Director Ian Narev
Ian Narev
31 Ratings

65 Employee Reviews

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Pros
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More Pros and Cons

  1. Helpful (2)

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

    StarStarStarStarStar
    • 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.


  2. "Good place to work"

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

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

    Pros

    work life balance is good

    Cons

    lack of growth or promotion

  3. "None...., never worked here left the bank it was rubbiah... All lazy a hole"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - NONE in Ingham, VA
    Former Intern - NONE in Ingham, VA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Commonwealth Bank of Australia as an intern (More than 10 years)

    Pros

    Agzuch udbdbddj hxhddjfjc none none noen none none none none none

    Cons

    What can I say I hate u lazy baateda grow up and lower your fees


  4. "Below Average"

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

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

    Pros

    Decent people, nice office and social.

    Cons

    Management is in Sydney. Anyone that can make things happen sits half way around the world. As a result they have a distorted view of what it really takes to succeed in the U.S.

    Advice to Management

    Make a real investment in the U.S. Get rid of the dead weight and straighten out your compensation structure.


  5. "Average place"

    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

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

    Pros

    Offers the standard perks (flex hours, employee discounts)
    Lots of opportunity for new roles
    Decent work/life balance

    Cons

    Flexible hours frowned upon unless you have kids. Pollutes employees with their political and social agenda. Younger employees often lack a voice. Often recruit external leaders with little to no knowledge on the business they manage.

    Advice to Management

    Stop focusing so much time and money on pushing political agendas and work on improving your business for customers and employees


  6. Helpful (3)

    "Culture has changed"

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

    I have been working at Commonwealth Bank of Australia full-time (More than 5 years)

    Pros

    Large company has good ideas on work/life balance. Plenty of money to fund projects. Plenty of opportunities to move around. Good locations in Sydney at least and a new campus style building going up in the Technology Park at Redfern.

    Cons

    Very little pay increases once you are in. Graduates not being looked after anymore. Culture has changed significantly with all the controversy in the papers over the past four or five years. It has worn down staff and many people are disgruntled. No pay increases for a couple of years has made people look outside and many are one the move now that bonuses have been paid (albeit a lot smaller than last year - probably in response to the latest fines hanging over the company's head)

    Advice to Management

    Stop being in the papers and take responsibility for your recalcitrant decisions. Stop believing that everyone is happy in the organisation because they aren't!


  7. Helpful (3)

    "Always looking for someone to blame"

    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
    No opinion of CEO

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

    Pros

    Flexibility, and a genuine commitment to diversity.

    Cons

    Lip service to vision and values - you have to talk about it, but you don't have to do it.

    Advice to Management

    Stop sanitising the messages to the senior management. Tell them what it's really like.

    Commonwealth Bank of Australia Response

    Oct 8, 2017 – Commonwealth Bank

    Thanks for your post. We appreciate you taking the time to provide this feedback. Raising this issue through HR Direct would enable us to follow up this matter internally. You can do this by calling... More

  8. "Relationship Executive, Canberra"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Relationship Manager in Canberra (Australia)
    Former Employee - Relationship Manager in Canberra (Australia)
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

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

    Pros

    Salary is good and there are great employee benefits. Sent to Sydney for 3 days of training which was very beneficial.

    Cons

    A poor office culture combined with a gaol like office has negatively impacted staff morale. Definitely need to 'clean out the dead wood'.

    Advice to Management

    Many employees have been there too long. On one hand this shows 'loyalty' on the other it shows 'stagnation'!


  9. Helpful (8)

    "Incompetent Leadership"

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

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

    Pros

    Good work life balance. 90% of employees are decent intelligent hard working and good fun to work with.

    Cons

    The remaining 10% are unfortunately in leadership roles. Recent media debacles in no way surprise me.

    Advice to Management

    Clear out the incompetent leadership. Half the GMs at least and EGMS and a couple of Group Execs who we all know should not be there.


  10. Helpful (5)

    "Dropped its People and Culture excellence, a culture of poor management and no leadership."

    StarStarStarStarStar
    • 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 full-time (More than 8 years)

    Pros

    A lot of fantastic , smart and genuine people there. most are not managers and have true passion and dedication to make the bank great plus a true customer focused attitude.
    Good technology and flexible working environment.

    Cons

    unfortunately agree with the negative comments posted by others, bank has changed alot over last few years ,some management can be quite toxic and irresponsible, play the blame game and do not inspire anyone but rather drive stress and kill passion. And they get away with it...
    Work your butt off all year and take on extra work on top of your own work and you get rated down and.. .. even better zero bonus .

    Advice to Management

    Hire managers who are leaders and who have people management wisdom rather then self centred political loud mouths.
    Great eadership is a mind set, you either have it or you don't.

    Commonwealth Bank of Australia Response

    Sep 17, 2017 – Commonwealth Bank

    Thanks for your post. We appreciate you taking the time to provide this feedback and have passed it on to the relevant people in the organisation.


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