CIBC Wood Gundy Reviews

Updated Apr 22, 2020

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3.4
57%
Recommend to a Friend
87%
Approve of CEO
CIBC Wood Gundy President & CEO Victor G. Dodig
Victor G. Dodig
19 Ratings
Pros
Cons
  • "Fat cat IAs get fatter and new hires starve despite more knowledge, competency and credentials(in 6 reviews)

  • "very little support, too many old systems(in 3 reviews)

More Pros and Cons
  1. "The world of Wealth Management"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Investment Representative in Toronto, ON
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at CIBC Wood Gundy full-time for more than 3 years

    Pros

    Great environment and people to work with company wide

    Cons

    Technologically behind in comparison to other firms and the big 5

  2. "Great experience"

    4.0
    Former Employee - Investment Associate in Toronto, ON

    I worked at CIBC Wood Gundy full-time

    Pros

    The company had a great work culture

    Cons

    Long hours were required and once in a blue moon coming in on a weekend

  3. "Little Support"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Corporate Advisor in Toronto, ON
    Recommends
    Neutral Outlook
    No Opinion of CEO

    I have been working at CIBC Wood Gundy full-time for more than 5 years

    Pros

    -They provide decent employee benefits -Friendly co workers

    Cons

    Little support when dealing with difficult clients/situations. Wait times to call back office can be over 30min and many times they provide wrong information.

  4. "Inconsistency"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Investment Advisor Associate in London, ON
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    I have been working at CIBC Wood Gundy full-time for more than 5 years

    Pros

    Each Associate position is unique - in terms of pay, responsibilities, designations, etc.

    Cons

    Paid by the IA, therefore, not as lucrative as should/could be.

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  5. "Overall Great Place To Wrok"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Client Associate in Toronto, ON
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at CIBC Wood Gundy full-time for more than 5 years

    Pros

    lots of room to grow within the corporation, education covered by the firm if wanting to better yourself, close teams within the IA makes for a family environment

    Cons

    Pay Structure in terms of CIBC needs work on, pay from a high paying IA is great however. Technology systems should be updated and work on work life balance addressed and promoted more.

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  6. "IA role"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Associate 
    Doesn't Recommend
    Approves of CEO

    I have been working at CIBC Wood Gundy full-time

    Pros

    Good people at the firm.

    Cons

    Compensation model needs to change. Fat cat IAs get fatter and new hires starve despite more knowledge, competency and credentials.

    Continue reading
  7. "Review of company"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Associate Product Manager in Toronto, ON
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at CIBC Wood Gundy full-time for more than 10 years

    Pros

    Great company to work for

    Cons

    No downsides to this company

  8. "Senior Branch Administrator"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Recommends
    Positive Outlook
    No Opinion of CEO

    I worked at CIBC Wood Gundy full-time

    Pros

    Fast paced, dynamic, and a great place to learn skills and the industry

    Cons

    Tough industry, workload is heavy, constant change due to external factors and regulation.

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  9. "Great place to work"

    4.0
    Former Employee - Sales Assistant in Calgary, AB
    Recommends
    Neutral Outlook
    No Opinion of CEO

    I worked at CIBC Wood Gundy full-time for more than 8 years

    Pros

    Fast paced, exciting, challenging, potential to become Advisor with add'l securities courses

    Cons

    Lots of compliance & regulations, could be stressful

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  10. Helpful (3)

    "A very satisfying job with a team that compensated well."

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Financial Associate in Toronto, ON
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at CIBC Wood Gundy for more than 8 years

    Pros

    Roles are flexible and highly diverse. Every team has a certain level of autonomy to conduct business their own way within corporate guidelines. This allows for growth and room to try different things. Compensation can be very good if you work for a high producing team (revenues)

    Cons

    Corporate culture is not for everyone. This is a heavily regulated industry which makes a lot of tasks very tedious. Also compensation at the base level is low. If you work for a junior advisor or a lower producing team, your income will be impacted.

    Continue reading
Found 51 reviews