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
3.0
Nov 18, 2008
Recommend
CEO approval
Business Outlook

Pros

-large firm with decent job stability -opportunites to grow within the firm -satisfactory compensation -benefits are decents -employee share purchase plan is a benefit -free banking, staff rates on loans, cc's etc

Cons

-large firm, difficult to be noticed amongst the crowd -compensation package, relative to other positions in same field is avg -beaurocracy -seems that mgmnt seems to be disconnected from the avg employee-most likely all large firms feel this -morale, seems to be at a low; i personally work at cibc mortgages and lending, over the past few years things have gone downhill; morale low, nepotism rampant, over worked under paid

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.

Viewing 9973 - 9975 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.