Company policy forces out employees, Company does not care to build tenure with staff - Branch Manager IBC Bank Employee Review

1.0
14 July 2013
Recommend
CEO approval
Business outlook

Pros

no prior experience needed, training included in hiring, Easy to move up in company since there are always 4-5 manager vacancies at any given time due to low pay and poor work environment.

Cons

Due to extremely low pay and high sales goals keeping knowledgeable staff is very difficult. Staff has goals that continue to increase every 4 months without end, and employment is contingent upon continued performance. This causes entry level employees to be forced out the door around 8-12 months of employment due to ever increasing goals. Pay is easily half of what other banks pay for equal positions. No holidays (IBC is open sundays and almost every holiday, Including July 4th!), and any hour after 40 in a week is paid 1/2 normal pay. Management is constantly over-stressed to meet monthly new account goals but are woefully under-equipped to meet this challenge. Staff is always too new to assist since turnover to so high. Managers and Area managers all seem to care for their employees, but are not given the power to make the necessary changes that would make life tolerable for their employees. For managers in IBC its pretty much a lose-lose scenario, and i would not recommend the job to anyone i actually cared about.

Explore other reviews about IBC Bank

5.0
20 Mar 2026
Recommend
CEO approval
Business outlook

Pros

IBC offers a fun, low stress environment. Management gets along well with frontline employees and always has celebrations for employees.

Cons

Could be low pay but it’s an entry level job and gives you the opportunity to move up.

1.0
22 Apr 2026
Recommend
CEO approval
Business outlook

Pros

You could make really good friends....

Cons

GARBAGE pay for such a high-responsibility position. You’re doing way more than a regular teller, but the compensation does not reflect the workload at all. They advertise “competitive pay,” but every other bank in my area starts on average $4–$5 higher. The only “extra” compensation is micro bonuses for CC referrals, account openings (SALES ONLY — $7 per MAX POINT account), and JDP surveys, ranging from $25–$35 per successful one—good luck consistently hitting those. Be ready for long lines, nonstop pressure, and constant feedback about metrics and performance. It’s a high-stress environment that does not match the pay level. Once you’re cross-trained, expect to be doing the work of both a teller and a sales role while receiving none of the benefits of the sales point system that is supposedly used to justify the structure. Use this job as a stepping stone into banking, but don’t treat it as a long-term option—it’s not worth the stress. Across the industry and even locally, compensation is noticeably higher for similar or even less demanding roles. There’s no real rush or clear structure for advancement, but at least with the periodic mass layoffs used to cut costs and reset staffing back to lower pay levels, there’s technically opportunity to move up during turnover… (you still might be the one getting let go anyway).

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