Pros
CIBC offers a competitive salary and benefits compared to its industry. Training is encouraged to be taken to further your career. Culture and diversity is very evident in the makeup of the organization. Organization is very active in the community (i.e. sponsors a variety of community events)
Cons
Constant organization churns that inevitably leads to layoffs. Organization does not seem to have a long term strategy and is highly reactive. Over the last few years, CIBC has taken a lesser role in developing employees (placing the responsibility on the employee instead). CIBC is very process oriented organization to the point where there is more paperwork to fill out then the work itself. As an employee it can be difficult to take pride at this organization for the following reasons: 1. Has fallen from #2 to #5 Canadian Top Bank (with no definitive plans on how to reverse its drop) 2. Marketing is questionable (i.e. their spokesperson is Percy the penguin) 3. The least diverse bank (compared to its peers) - primarily Canada even with recent acquisition of Private Bancorp.
