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
3.0
Feb 20, 2011

do more

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

- ability to contribute on day 1 - experienced senior management - good insurance - bank has a lot of good people to work with

Cons

- poor pay compared to other financial institutions - senior management is not consistent - high turnover within the bank makes it difficult to operate

3.0
Dec 21, 2010
Recommend
CEO approval
Business Outlook

Pros

IBC Bank I would say is a great place to work if you are entering the banking industry, but it is just that: a doormat. I would not trust them to look out for your promotions, but sometimes they do come along - one person I know got promoted to branch manager after being with the bank a year and a half. The pay is lower than other financial institutions, but I see my job there more as an internship that is teaching me the skills I need to apply in my future career. Some simple pros: - You gain banking experience from a company thats willing to hire you with no experience - Great training staff and materials -You usually work with a great team -You receive positive feedback for jobs well done -You have great hours, compared to many other jobs -They have some amazing programs in place that can help you earn money if you have initiative -You build relationships with customers who value you and your efforts -You grow past what you think that you are capable of -IBC hosts quarter "sellebrations" and an annual Christmas party that are very nicely done All in all, IBC bank is a good first stepping stone. Do not get attached to it, learn to use the bank like they use you and leverage your way into a better job and better career opportunities.

Cons

What is wrong with IBC? Where do I start? There are many things that bother me about this bank. The troubling cons: -IBC assesses to many Overdraft Fees from their customers -They constantly force their employees to call existing customers to try to sell accounts -While sales get paid incentive pay for selling an account, the tellers do not receive any compensation. -Pay is low. In 2010 - If you are a teller you are making roughly $7.50 an hour starting pay. If you are a sales you make around $9.50 starting pay + incentive pay at the end of every month. Many banks pay higher than this. -Goals go up every month. I know one branch that opened around 30 accounts last month. This month they were forced to commit to 100. Nothing is ever enough. -No focus is placed on new money, just new accounts. It is not uncommon for a customer who has been with IBC bank for several years to have 4, 5, or more accounts. Most of which they do not need. -If you do not get at least one account a day, individually, most of the time you are called out. This forces many employees to open multiple personal accounts as well as open accounts for family and friends. -Many accounts are opened for less than $10. You will die laughing that many are for $.01. That's right, one penny. -Slow management decisions, slow promotions, irresponsible leadership.

3.0
Aug 6, 2010
Recommend
CEO approval
Business Outlook

Pros

-Easy to move up when you show ability to meet goals and leadership -Leadership opportunities are up for grabs -Ability to interact with Senior Management

Cons

-Low salary -Senior Mgmt are only concerned that you meet your monthly sales goals -Interoffice politics play a big role on who gets promoted

Viewing 757 - 759 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.