CIBC reviews

4.0

78% would recommend to a friend

(9,947 total reviews)
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Harry Culham

82% approve of CEO

74% positive business outlook

CIBC has an employee rating of 4.0 out of 5 stars, based on 9,947 company reviews on Glassdoor which indicates that most employees have a good working experience there. The CIBC employee rating is in line with the average (within 1 standard deviation) for employers within the Finanzas industry (3.7 stars).

Reviews by job title

10K reviews
3.0
Oct 26, 2008
Recommend
CEO approval
Business Outlook

Pros

Good hours, but you do have to work saturdays. Usually the relationship between co-workers is good. The hours of course are nice. You can advance with out any education and eventually get well paid jobs if you are patient. The learning is pretty good. I find the management can sometimes be really bad ( at least assistant managers ) ones that should not be there and have huge power trips because they think they are the best thing the CIBC has. Not the best role models. I really worry about the knowledge of the staff because most do not have education and I hate to say it but that is important in many areas when dealing with money.

Cons

To start out the pay is a lot worse then other financial institutions, but the higher up you go CIBC is better the others. They are very stingy and will do whatever they can to not pay you overtime/ lunches etc.. They only give the minimum in break times. A half an hour lunch and that is it. They barely pay for the "no name brand" coffee in the lunch room. You have to pay for your christmas dinner and every other work related party. If you are lucky you can go higher up in the company, but some people try, but never seem to make it. You have to really push and try.

2.0
Oct 17, 2008
Recommend
CEO approval
Business Outlook

Pros

I can't really think of any good reasons to work for CIBC right now.

Cons

Our year-end bonuses will likely be laughable, due to our losses in the sub-prime markets over the last year. My manager is horrible, but I can't really lodge a complaint, as she is friends with our district AVP. Morale is extremey low at the branch I'm working in right now - I transferred from a different branch last year, and to be fair, the working environment was much better, due to the better management style of the branch manager. I'd almost be willing to go back to that branch, even though it means cutting my salary by $10000.00/year.

2.0
Oct 9, 2008
Recommend
CEO approval
Business Outlook

Pros

It's easy to get your foot in the door with CIBC, either as teller earning $11/hr and with (depending on management level of lenience) unlimited sick days or from the plethora of administrative or call center roles available (as high as $17/hr with union in some cases). From there on, earn your designations as anyone would in this industry, CSC, CPH, and eventually CFP and you could be doing reasonable well without much progress until 7+ years into the roles.

Cons

Office politics and the way promotions are handled are areas of concern, especially in clusters of Vancouver where non-performing managers are "promoted" laterally without any significant merits (and in some cases have truly atrocious work performance and even attendance issues). It seems like certain senior management clusters worked together years before and have a tendency of hiring from within - repeat this over time and you have a very lax and unrewarding system to look forward to. Add on time consuming personal feedback form that award seniority over actual dollar revenue generation and you have the resulting drop of CIBC from no2. to where it is sitting now

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