Anonymous - Anonymous employee CIBC Employee Review

2.0
5 Sept 2014
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

friendly staff to work with, co-operative within your own team. good clients, some good senior leaders, good benefits and vacation.

Cons

Sales leaders who just follow orders - no human element of actually leading a team. Overly micro-managed on the sales people, creates tension and frustrations amongst all staff. Always reducing expenses at the lowest level of the Bank- the sales force. should all have one on one support- given the ridiculous sales targets. Outdated systems and cumbersome paper involved in the sales cycle. If you what people to sell and give advice- take away the behind the scenes paper, approval, etc and give them support- so they can continue to produce more. Mgmt attempts to create one team- however each division has its own ridiculous targets- hence continual in-fighting for clients between segments. Clients never really in the right offer. NEW LEADERSHIP - SHOULD TAKE NOTE 100% - to really create One Bank approach stop penalizing staff when a client goes to another segment as it creates frustrations for all staff, including mgrs. Also no room for advancement unless you have a mentor, friend you know, it is not what you know but who you know . Wrong people promoted for management with no people management skills nor leadership skills - since no real succession in moving upwards.

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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.

4.0
17 June 2026
Recommend
CEO approval
Business outlook

Pros

good visibility, good work/life balance (got lucky and am in a good team)

Cons

little to no upward momentum. not enough of a structure to support long term employees with competitive market rates.

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