IBC Bank reviews

3.2

62% would recommend to a friend

(761 total reviews)
avatar

Dennis E. Nixon

73% approve of CEO

65% positive business outlook

IBC Bank has an employee rating of 3.2 out of 5 stars, based on 761 company reviews on Glassdoor which indicates that most employees have a good working experience there. The IBC Bank employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.6 stars).

Reviews by job title

761 reviews
2.0
Sep 29, 2011
Recommend
CEO approval
Business Outlook

Pros

-Guaranteed 40 hrs of pay each week as a full-time employee. -Christmas bonus is disbursed each year. -Receive approx. 7% of annual income as profit sharing (vested after 6 years). -2 weeks paid vacation -Top Sales Achiever banquet gives opportunity for additional annual bonus.

Cons

-Received 1/2 time for all overtime worked. -The management does not value employees with experience. -HR does not make any attempts to gather accurate information about why employees have left. -The management tends to explain away turn-over as a result of poor management, but the bank is unwilling or unable to retain valuable management personnel when a better paying job offer has been made. -Many seemingly valuable employment benefits are offered that turn out to be useless. For instance, the bank offers tuition reimbursement, but you are only eligible if don't have any other financial assistance. -Nepotism is rampant and no attempt is made for transparency in these working relationships. -The recognition programs for performance have requirements that do not relate to employee performance.

4.0
Aug 12, 2011
Recommend
CEO approval
Business Outlook

Pros

Good training, Good growth opportunities,

Cons

below average pay, but benefits are ok

2.0
Jul 29, 2011
Recommend
CEO approval
Business Outlook

Pros

The bonus program is nice but is used as a justification to provide lower than market base pay. If you want to learn the business and then move on this is a good place. The benefits and office space are nice.

Cons

The base pay is low, even for Laredo (South Texas), compared to market but the bonus program is decent (10%). Promotions tend to be based on who Senior Management likes rather than who deserves to be promoted. Turnover is off the charts

Viewing 733 - 735 of 761 Reviews

Glassdoor has 778 IBC Bank reviews submitted anonymously by IBC Bank employees. Read employee reviews and ratings on Glassdoor to decide if IBC Bank is right for you.