Lack of advancement opportunities, bottlenecks, and the image of a slow-changing-underperforming bank in Canada. - Senior Financial Services Representative CIBC Employee Review

2.0
9 Nov 2009
Recommend
CEO approval
Business outlook

Pros

Get your foot in the banking door. Then get out. There are some great colleagues who have stayed in the company for 10+ years, some of the most dedicated people I've seen, some whom never taken a sick day for 20+ years. I think they get a chocolate bar at some point. Seriously. CSC-PFP-CFP - then go make your $60 base as a Financial Advisor or leave for another bank. At a high enough tier most of your clients will leave you for a private wealth firm anyways due to the perceived lack of quality for the group.

Cons

Managers with no merits who take time off and still knocks you on your PMM upon their 3-4 week holiday return. Ha! As long as you have decent ties to SVP's of the area you're pretty much set. The amount of nepotism in the whole area is sickening. In certain districts unless you're wearing a skirt you won't get promoted past branch manager. Ask around! Terrible pay structure where new hires can potentially get paid significantly more than experienced staff who will have to end up training them! Sure that makes sense.

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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