Poor Benefits and Growth prospects - Senior Credit Analyst CIBC Employee Review

1.0
Aug 24, 2022
Recommend
CEO approval
Business Outlook

Pros

- Open to hiring newcomers/less experienced people - Client-focused - Stable Job (being a Big 5 bank the job is stable)

Cons

- Salaries lower than other Big 5 Banks - Benefits are not competitive. - Poor retention policy (Higher rate of people leaving jobs) and no policy to retain staff or effort to understand why are employees leaving. - Worklife balance is difficult with too much work due to the high employee turnover rate. - Lack of growth or career progression within departments - Not an ideal place for young people due to a lack of modern technologies used and modern skills learning is very rare. - Annual increments and adjustments are lower than inflation rates.

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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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