CIBC reviews

4.0

78% would recommend to a friend

(9,962 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 9,962 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
1.0
Jul 14, 2015
Recommend
CEO approval
Business Outlook

Pros

no pros with working at this place. This place pays the least out of the top 5 banks and expects the most.

Cons

They advertised the job as 9-5 but gives you ridiculous targets that can clearly not be met with just 8 hours. In order to meet their targets, you have to stay much longer in order to fulfill your requirements. The more appropriate title for the Financial Service Representative position is telemarketer. They expect their FSRs to make 35 live contact calls weekly and left messages, no pick ups, do not count. They judge you on a system where anything below 50% counts as zero to make you feel worse than you already do. CIBC prides themselves on mobile and telephone banking when those are not real advantages. Simply put, expect a high stress environment sent from the top down with pay that does not justify the work. You would notice that the average tenor of a CIBC bank employee is 1 year and very rarely would you encounter representatives that are properly trained to do investments or mortgages. Their training program gives you the very basic theories of financial planning as it is a entry level retail job but throws you out to the front lines without any real hands on experience. They've self-proclaimed themselves to being a client-centric bank when they haven't made any changes to being that. They're a very heavily product focused company that has a target system that may not necessarily work out in the best interest of clients when their workers are trying to meet their BAS (units measured for sales)

1.0
May 4, 2015
Recommend
CEO approval
Business Outlook

Pros

FSR hired are often don't know what they are doing, high school or college education mostly so definitely less competitive with in the branch. great for your first job with the bank, definitely look for a second bank once you get the experience.

Cons

their culture value is sell everything. give client account more than they need.... what else a bank can offer... products and services.... they push you weekly for sales when 50% of the staff doesn't meet their target, but base salary everyone is pretty much the same... you expect your $500 dollar bonus... don't expect any career advicement. you look for an advancement elsewhere.

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Glassdoor has 11,831 CIBC reviews submitted anonymously by CIBC employees. Read employee reviews and ratings on Glassdoor to decide if CIBC is right for you.