Commonwealth Bank of Australia Reviews in United States | Glassdoor

Commonwealth Bank of Australia US Reviews

Updated December 9, 2017
10 reviews

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United States

3.7
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Commonwealth Bank of Australia CEO & Managing Director Ian Narev
Ian Narev
5 Ratings

10 Employee Reviews

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Pros
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  1. "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


  2. "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.

  3. Helpful (9)

    "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


  4. Helpful (1)

    "CBA perspectives"

    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
    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


  5. "Chief Compliance Officer"

    StarStarStarStarStar
    • 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.


  6. "Short experience in NYC"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - KYC Officer in New York, NY
    Former Contractor - KYC Officer in New York, NY
    Recommends
    Positive Outlook

    I worked at Commonwealth Bank of Australia as a contractor (Less than a year)

    Pros

    Fantastic international branch office in convenient Midtown Manhattan. Great manager and clear project. Good tools and technology. Offered free fruit everyday, as well as coffee and tea. Fantastic kitchen with ceramic bowls, glass cups, silverware, subzero fridge and a dishwasher.

    Cons

    Hoped to stay longer and be hired full-time

    Advice to Management

    Ask HR to integrate trained contact workers


  7. "Good"

    StarStarStarStarStar
    • 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

  8. "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


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

    StarStarStarStarStar
    • 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


  10. Helpful (1)

    "Working for an Australian Bank"

    StarStarStarStarStar
    • 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.


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