CIBC Wood Gundy Employee Reviews about "benefit"
67% would recommend to a friend
(22 total reviews)
Victor G. Dodig
94% approve of CEO
Found 22 of over 135 reviews
Updated Nov 25, 2023
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Top Review Highlights by Sentiment
Excerpts from user reviews, not authored by Glassdoor
- "There is no training and it will take you up to a year to be comfortable with the systems." (in 5 reviews)
- "Even when I had worked weekends for my advisor I got barely anything at such a low salary." (in 3 reviews)
Ratings by Demographics
This rating reflects the overall rating of CIBC Wood Gundy and is not affected by filters.
Reviews about "benefit"
Return to all Reviews- 3.0Jan 18, 2020Corporate AdvisorCurrent Employee, more than 5 yearsToronto, ON
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.
1 - 4.0Jan 26, 2021Client AssociateCurrent Employee, more than 3 yearsToronto, ON
Pros
Good benefits package and offers overall
Cons
internal processes are not very efficient
- 5.0Jul 23, 2023Financial Planning SpecialistFormer Employee, more than 3 yearsMontreal, QC
Pros
Good benefits, independance, remonte work
Cons
Banking atmosphere on selling products
- 5.0Jan 15, 2023Administrative AssistantFormer Employee, more than 1 year
Pros
-Room for growth -Great benefits: health care, share purchase program -Incentive to further education
Cons
-Steep learning curve -Fast paced
- 3.0Apr 20, 2017Client AssociateFormer EmployeeEdmonton, AB
Pros
- Management and HR at the Edmonton branch were friendly and approachable - Funds paid for courses were re-reimbursed (after passing)
Cons
- Low base salary - Defined benefit pension is based on your base salary (not overall compensation) - New associates received higher base salaries than employees who had been there longer - No associates received a raise in base in 2017 - Your experience as an associate is entirely dependent on the financial advisor/ team you work with (my experience was disappointing but other associates I knew had better experiences)
1 - 5.0Aug 12, 2021Customer Service AssociateCurrent EmployeeMississauga, ON
Pros
CIBC Great benefits and incentives
Cons
Salary wages are too low
1 - 4.0May 8, 2018Anonymous EmployeeCurrent Employee, more than 3 yearsToronto, ON
Pros
Good benefits, EPSP and defined benefit pension plan.
Cons
Depending on the team you work for, there may not be any opportunities for growth. Pay was relatively low.
- 4.0Aug 19, 2020Client AssociateCurrent Employee, more than 3 yearsToronto, ON
Pros
CIBC offers many benefits and perks. As a big bank should. You are exposed to many influential and successful clients and coworkers
Cons
CIBC has very strick salary rules as they are on a level system. There is a disconnect when you work for an advisor as CIBC is your employer but you answer to your advisor. However CIBC is the one that pays the salary and the advisor pays the commission. It can be confusing and frustrating to navigate.
- 2.0Mar 9, 2018Client AssociateFormer Employee, more than 1 yearSaint John's Mission
Pros
Possible monthly bonuses from IAs plus annual bonus from CIBC, great health and dental, defined benefit plan, Will pay for almost any industry courses you would like to do while working there Regional and national training conferences
Cons
High pressure environment with continuously increasing work loads, Base salary is a joke considering what is expected of you, Assistants or “associates” often used as scape goats for mistakes, Many IAs treat assistants disrespectfully, Old school mentality as many employees are 50, 60, even 70+ years old
- 3.0Aug 17, 2020Client AssociateCurrent Employee, more than 1 year
Pros
Great benefits and vacation time
Cons
Depends heavily on the team that you work for. Understand your advisors long term goals.
