CIBC reviews

4.0

79% would recommend to a friend

(9,990 total reviews)
avatar

Harry Culham

83% approve of CEO

75% positive business outlook

CIBC has an employee rating of 4.0 out of 5 stars, based on 9,990 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 Financial Services industry (3.7 stars).

Reviews by job title

10K reviews
1.0
Jun 7, 2019

Welcome to the Circus Show

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Benefits are good . Good food around area

Cons

No room to grow or learn in department. All task are outsourced. No hands on experience. Always thought about joining a circus as a kid. But this is ridiculous. This is the Ringling Bros. Circus of Banks.

2.0
May 22, 2019

No Accountability

Recommend
CEO approval
Business Outlook

Pros

Decent benefits, great pay, and amazing coworkers. New ideas are usually encouraged.

Cons

There is no accountability with poor employees or managers. A manager can have a reputation of being very verbally abusive and have 4 people (out of their team of 9) leave in the past year because of their abusive management style and HR won't do anything about it. The Bank continues to lose great employees because of the lack of action by HR. The lack of accountability extends to IT where employees have easily lost 2 weeks each of work in the last year due to IT issues. Email was down for 4 days in December. Like how does that even happen at a company of this size? The work environment is super bland since someone had the brilliant idea to paint EVERYTHING beige. Bathrooms are cramped on some floors and some people tend to miss the toilets, quite regularly. It's quite sad... and messy. The bathrooms are also often out of toilet paper and paper towels, at least once a week.

1.0
Aug 5, 2024

TOXIC TOXIC TOXIC

Recommend
CEO approval
Business Outlook

Pros

A lot of great people who mean well, but overshadowed by the coercive power culture and poor leaders.

Cons

- Coercive power culture in which incompetent leaders demand that you meet unreasonable deadlines with limited resources and threaten your compensation, bonus, and benefits if you don't work overtime to deliver. - Leaders never take accountability for their own failures. An SVP in technology silently conducted a layoff (WARN wasn't reported to State of Illinois) to scapegoat individuals for Enterprise issues that originated from the department the same leader was the SVP over for the prior five years. - Zero strategy or direction from the top down. The CEO, Victor Dodig, stepped into his position in September 2014 with the stock trading at ~$45 /share. Ten years later it is trading at ~$48.50 /share, it's way past due for heads to roll! - Leaders acknowledge their is a lack of resources and encourage everyone to pull together and "figure it out", but instead the quality employees figure their way out to better jobs at better organizations. - New hires are often allowed to work fulltime remote; however, if an existing employee requests to transition from hybrid to remote due to life changes, it is an uphill battle that is NOT supported, despite peers being hired with that privilege and provided with higher pay. - HR is oblivious to their own rules and only gets involved if a VP requests their involvement. They've routinely cost employees money with their complete lack of knowledge of internal policies and legal requirements. - Every team is riddled with regulatory findings due to the aforementioned poor leadership, and everything is urgent; however, due to the lack of a comprehensive strategy, the left hand never knows what the right hand is doing and the company continues to spiral out of control and unable to sustain any further growth. - If you're a woman or a person of color, stay away because the executives are a perfect example of an old fashioned boys club.

Viewing 4 - 6 of 9,990 Reviews

Glassdoor has 11,864 CIBC reviews submitted anonymously by CIBC employees. Read employee reviews and ratings on Glassdoor to decide if CIBC is right for you.