Bank most likely to walk into a sharp object - Manager, Commercial Banking CIBC Employee Review

2.0
Jun 19, 2008
Recommend
CEO approval
Business Outlook

Pros

Decent benefits, face time not an issue.

Cons

Where do I begin - bank named "most likely to walk into a sharp object" by well-known local journalist - always seemed to be some scandal blowing up (Enron, customer info being faxed to random 3rd parties, mutual fund trading scandals, etc) that made it hard to present CIBC as an institution with inegrity, lowered morale; management obsessed with process over results, and an unhealthy obsession with 2x2 matrices; people who didn't understand banking or client service put in charge of the commercial bank, coming up with ridiculous strategies to 'grow the business' (which immediately shrank the business). Lots of people around you with hands up for a package.

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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.

1.0
Jul 1, 2026
Recommend
CEO approval
Business Outlook

Pros

The NY location is close to Grand Central Station

Cons

Slow Canadian culture that finds it challenging to meet US regulatory standards. Executives play favorites and gaslight employees, if you voice your opinion, they either silence you or try to manage you out with exaggerated "performance issues"

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