Outsourcing is here to stay - Project Manager CIBC Employee Review

1.0
Aug 31, 2016
Recommend
CEO approval
Business Outlook

Pros

My colleagues are really knowledgeable, and we really learn and help each other. Management is collaborative, but when you go higher up to Director, Senior Director and especially Vice President, they are too removed from the day to day job and responsibilities, so they don't know the details of our jobs and projects. Defined benefit pension, but maybe not for long.

Cons

EVERYTHING is being outsourced currently and in the next 2-3 years. 2,000 jobs lost so far this year, with hundreds more for the rest of this year, and to be repeated for the next few years. The CEO promised to save $600 million, and no surprise the quality and morale have already been hugely compromised. If you are looking for a job in Finance, Technology, HR, and soon Marketing, Admin, you may be able to find a job here, but within a couple of years it will be outsourced to an external vendor, who will then offshore it to India. Apply at your own risk.

Explore other reviews about CIBC

5.0
Jun 1, 2026
Recommend
CEO approval
Business Outlook

Pros

Good flatform to do holistic financial planning for clients. Stock purchase plan with company matching

Cons

There is no commission anymore.

2.0
May 7, 2026
Recommend
CEO approval
Business Outlook

Pros

-People were friendly and would do coffee chats/one-on-one lunches. -Other interns were great. -Base compensation as an analyst is on the higher end.

Cons

-Feedback from intern manager only given at the end of a rotation differed greatly from what team members would directly tell me which was confusing. Makes me think people are only nice on the surface. -Team members prioritized some interns over others in terms of work given and time spent. -Teams in the same product group had wildly different work life balance with some working 70+ hours a week and others working close to 40. -Has high turnover overall due to lower compensation at the Director+ level.

See reviews by: Helpful|Rating|Date|All