CIBC reviews

4.0

79% would recommend to a friend

(9,990 total reviews)
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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
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

4.0
Oct 9, 2008
Recommend
CEO approval
Business Outlook

Pros

There are chances to get a good year end bonus, if you are a good seller of banking products and the medical/dental package is very good.

Cons

The targets are too high for many employees to reach, so it is increasingly difficult to get a year end bonus. As well, new hires start at a higher salary than those already in the job, and there is no extra income given for years of experience. No matter how well you do, you are always told it is not good enough, so morale is low.

2.0
Oct 1, 2008
Recommend
CEO approval
Business Outlook

Pros

The employee benefits are good. As with any bank, there is lots of room to grow and move careers within the company which is good for an employee who is just starting out in a career.

Cons

Tellers are underpaid compared to the same position at another bank. Management can be difficult to work with.

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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.