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.