Worst job I've ever had - Financial Services Representative CIBC Employee Review

1.0
28 May 2017
Recommend
CEO approval
Business outlook

Pros

Free banking, decent pay & benefits

Cons

The training process lulls you into a false sense of security. You spend a month in the classroom learning how to navigate the most unhelpful, unintuitive computer systems ever. It's all long lunches, potlucks and team-building activities in the classroom. When you do finally get out on the phones, it is a brutally rude awakening. Every minute of your time must be accounted for. Bathroom breaks are discouraged. You get hundreds of company e-mails every day and are given no time to read through them. Management comes up with weird games that pit employees against each other, trying to one-up each other's sales. You are made to listen and critique each other's phone calls. The hours are incredibly long, lunch break is only 30 minutes, unpaid. If ever - god forbid - you're sick, you have to call your manager and then have your phone next to you so that they can call you back and speak to you. They do this to try and determine if people are actually sick. It's incredibly dehumanizing. I've heard stories of supervisors creeping employee's social media accounts and building cases against them if they think that they are abusing the incredibly strict sick day policy. Part of the training process includes uncovering weaknesses and exploiting them - they call these "discovery questions". They engage in predatory lending practices. Employees are disciplined for missing opportunities to sell people credit products, even when it's clear that the person has no use for it or would not be able to responsibly manage it. Absolutely the worst bank. I quit three months in after having to go on antidepressants due to extreme anxiety and depression, and I'm not the only person to have this experience either. I quit without even having another job lined up because I could not even set foot in that place another day. Turnover is extremely high. They hire 200-400 new employees every few months because so many people leave.

Explore other reviews about CIBC

5.0
1 June 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
7 May 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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