Not a good place for a career. - FInancial Services Representative III CIBC Employee Review

2.0
Aug 17, 2010
Recommend
CEO approval
Business Outlook

Pros

Big company with some opportunity, met some really amazing people during my time there. There is job security, not an issue.

Cons

Pay is not competitive, every time you get a promotion you go back on pay. Your responsibilities double but your pay only goes up by an insignificant amount. Very sales drives, which is ok to a certain extent. The problem they don't care about their clients' needs, only the bottom line. Upper management is always changing and with it changes the focus on front line employees, Always implementing new ways of doing business that last only a few weeks. They do not like to promote internally, you get more respect if you are an external applicant. Most branch managers are incompetent with the exception of a few. They like to hire branch managers from externally that are push sales but don't go to them with question when you need help, they will completely ignore you. I have worked with two very incompetent branch managers, their level of maturity and intelligence was a joke, one of them was intimidated by me and admitted it before I left. Embarrassing for a big bank like CIBC.

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5.0
Jun 1, 2026
Recommend
CEO approval
Business Outlook

Pros

Good flatform to do holistic financial planning for clients. Stock purchase plan with company matching

Cons

There is no commission anymore.

1.0
Jul 1, 2026
Recommend
CEO approval
Business Outlook

Pros

The NY location is close to Grand Central Station

Cons

Slow Canadian culture that finds it challenging to meet US regulatory standards. Executives play favorites and gaslight employees, if you voice your opinion, they either silence you or try to manage you out with exaggerated "performance issues"

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