Internal processes suck... a lot - Financial Advisor CIBC Employee Review

1.0
14 Jan 2022
Recommend
CEO approval
Business outlook

Pros

Autonomy Flexible work hours And not a whole lot else that other banks aren't offering

Cons

Everything Internal processes are broken and time consuming Technology is terrible and slow Advisors are overworked Expectations are unrealistic (even compared to other banks) Promotions are tenure bases, and not based on merit Variable compensation is gone and base bonuses are 12% of base salary compared to well over 30% (and even 100% for top performers in fiscal 2021) in the past The "Imperial Service Offer" is heavily diluted with non-qualifying clients who burden advisors and detract from providing good service to our best clients CIBC's mortgage business sucked for so long now everyones focus is on mortgages and we have forgotten the other parts of our business

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.

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.

See reviews by: Helpful|Rating|Date|All