CIBC Reviews | Glassdoor.ca

CIBC Reviews

Updated 22 March, 2017
1,478 reviews

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Full-time Part-time

3.5
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1,478 Employee Reviews

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Pros
  • good work-life balance (if you're not in IT) (in 95 reviews)

  • Good work environment, good management (in 88 reviews)

Cons
  • The hours so work life balance is horrible (in 49 reviews)

  • Too much pressure on you to achieve sales targets (in 50 reviews)

More Pros and Cons

  1. Featured Review

    Helpful (22)

    "Truly rewarding and highly respectable position."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Services Representative II in Mississauga, ON
    Current Employee - Financial Services Representative II in Mississauga, ON
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at CIBC full-time (More than a year)

    Pros

    Excellent support from Managers, NSL- National support line/EHD- Employee help desk, District representatives such as Mutual Funds Specialist, Lending and Mortgage Specialist, Insurance Specialist etc who help you in your role and your overall success. Overall hard work, dedication and motivation with desire to succeed is recognized by management and appreciated. Employee morale in the company is very positive. Targets are achievable especially with tools provided to succeed in your role. FSR is a highly respectable and professional role. You meet really interesting people from all walks of life. Helping clients make important decisions and guiding them through a maze of financial products and services is your role. FSR in reality a Financial Planner or Financial Adviser since you deal with everything such as chequing account, loan, mortgage, mutual funds and credit cards etc. Job stability is high, pay is great and the role in the bank is not a job but a career. This is a sales role so be prepared to sell with passion and confidence because at the end of the day if you are doing what's best for the client, it's not really selling but rather advising. Job is easier when you are in a big branch as there are lot of walk ins and you can capitalize each meeting to meet your sales targets (coming from someone who's worked both in the biggest branch and smallest branch).

    Cons

    As of 2016, the annual sales targets have gone up in terms of Bas unit sales which is mostly from opening new deposit accounts, ovedraft, credit cards etc. However at the same time CIBC is promoting Digital Migration that is any client that walks in to a branch, FSRs are expected to pretty much show them how to do everything online including opening a new account on your phone and applying for a credit card etc. Not too bad if for branch sales people including CSRs if you're in a big branch with lots of walk in but if you're in a small branch, it can make your job extremely hard. You will have to make a lot more calls in the office to get clients into the branch I'd say 2 to 3 hours daily in a small branch as opposed to 1 hour in a big branch.

    Advice to Management

    Nothing really I mean if you do your job and have a set goal of where you want to be, management is very supportive and will help you succeed. Always stay positive and focus on yourself and your career goals if you want to succeed.


  2. "Data Analyst"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Toronto, ON
    Former Employee - Anonymous Employee in Toronto, ON
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at CIBC full-time (More than 5 years)

    Pros

    Excellent use of existing technologies. Good for focused individuals who are experienced. Great work life balance options compared to other Banks

    Cons

    Advancement opportunities are limited compared to other banks. Most senior folks remain in roles for extended periods of time. Compensation for newcomers outweigh the existing employees

    Advice to Management

    Invest in emerging technologies in order to stay relevant. New positions regarding data sciences will benefit different areas for the long term.


  3. "CSR"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at CIBC part-time

    Pros

    Good Benefits and positive work enviornment

    Cons

    As a CSR you have to deal with all kinds of people


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. "A better performance every year"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    Former Employee - Information Security Analyst in Toronto, ON
    Former Employee - Information Security Analyst in Toronto, ON
    Recommends
    Negative Outlook
    Approves of CEO

    I worked at CIBC full-time (More than a year)

    Pros

    great working environment great people around

    Cons

    none i can think of

    Advice to Management

    take a good care of the employees


  6. "Summer Intern"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Approves of CEO

    Pros

    Working environment was very positive

    Cons

    At times the hours were long


  7. "Credit control officer"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Vancouver, BC
    Former Employee - Anonymous Employee in Vancouver, BC
    Recommends
    Positive Outlook
    Disapproves of CEO

    I worked at CIBC full-time (More than 10 years)

    Pros

    Promotes diversity and work/life balance and has fair benefits.

    Cons

    Locations are understaffed and training is minimal and poorly organized.

    Advice to Management

    Spend time training new staff.


  8. "Senior Financial Analyst"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Financial Analyst in Toronto, ON
    Current Employee - Senior Financial Analyst in Toronto, ON
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Fair benefits. Approachable management. Fair career growth opportunities.

    Cons

    Work pressure - some functions understaffed


  9. "Intern"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Great Coop Experience and heavily invested in your development

    Cons

    Sometimes work may not be as challenging


  10. "Financial Services Representative II"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Services Representative II in Victoria, BC
    Current Employee - Financial Services Representative II in Victoria, BC
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at CIBC full-time

    Pros

    Great benefits package and 3 weeks vacation

    Cons

    Too much pressure on you to achieve sales targets

    Advice to Management

    N/A


  11. "Quantitative developer"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Quantitative Developer in Toronto, ON
    Current Employee - Quantitative Developer in Toronto, ON
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at CIBC (More than a year)

    Pros

    Very friendly and good working environment

    Cons

    No Cons about working associated stuffs.



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