Not a great opportunity - Letter of Credit Officer CIBC Employee Review

1.0
Jul 12, 2016
Recommend
CEO approval
Business outlook

Pros

Few good benefits. 3-week vacation + 1 week non-paid vacation

Cons

Very cheap corporation. Makes you work for 3 people. At the same time they thank for results, they move the dept. to a warehouse to lower costs. Senior management looks like has no clue about the operations, or prefers to ignore it. Junior management reads positive thinking phrases on morning meetings to motivate the overloaded staff. Prefers to check desks cleanliness to face/solve the real problems. Management relays on gossip to evaluate work individually. No yearly adjustments by inflation (yes, every year you make less money). Complaints if you get sick. No great career opportunities in Montreal.

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5.0
Jun 1, 2026
Recommend
CEO approval
Business outlook

Pros

Good flatform to do holistic financial planning for clients. Stock purchase plan with company matching

Cons

There is no commission anymore.

2.0
May 7, 2026
Recommend
CEO approval
Business outlook

Pros

-People were friendly and would do coffee chats/one-on-one lunches. -Other interns were great. -Base compensation as an analyst is on the higher end.

Cons

-Feedback from intern manager only given at the end of a rotation differed greatly from what team members would directly tell me which was confusing. Makes me think people are only nice on the surface. -Team members prioritized some interns over others in terms of work given and time spent. -Teams in the same product group had wildly different work life balance with some working 70+ hours a week and others working close to 40. -Has high turnover overall due to lower compensation at the Director+ level.

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