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The PrivateBank

Acquired by CIBC

Is this your company?

Stay away from the Credit Risk area... - Anonymous employee The PrivateBank Employee Review

1.0
20 May 2016
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

You get a paycheck and benefits

Cons

Working for this place was the worst career decision I ever made. If you are not a part of the good old boys club you don't stand a chance when speaking out against things you see are wrong. Middle management is incompetent as it relates to developing their employees. Instead of learning where disconnects are with employees they rely on individuals that are incapable of leading anyone due to their own personality or character flaws. If they determine that they don't like you they will do any and everything including lie to get you out of there. Unfortunately human resources is a joke because they don't look into any issues or grievances brought to them. Management will literally make false accusations and when asked simple questions to support their accusations they can't give any proof yet HR will still side with the managers. The diversity in this area is almost non existent but they will act as if it is. Gossip runs rampant in this place and it almost seems that if you separate yourself from it you will become an target too. I literally was told that I seemed too cocky because I didn't involve myself (This was pertaining to the gossip). Morale is very low among individuals in this group as management is given complete autonomy to treat their employees like crap. I knew something was wrong as soon as I started because there were red flags from the very first day and because of this I continued interviewing and applying to other companies. Luckily I was able to leave this terrible place in a short amount of time as I received offers elsewhere.

Explore other reviews about The PrivateBank

5.0
2 Aug 2017
Recommend
CEO approval
Business outlook

Pros

Family friendly Incredible hard working co workers Fast paced Strong management Growth company Client focused Flexible work options Interesting place to be

Cons

Uncertainty due to CIBC acquisition makes job security a little scary. Management is older and will be replaced in next three years.

5
avatar
The PrivateBank Response
8y
Thanks so much for your positive comments; I'm glad that you find this to be a great place to work as that's our intention. We know that in times of change there can be uncertainty and as you've said "scary". As I mentioned at the all-team meeting this week, we're really excited about being part of CIBC and we feel that there will be tremendous opportunities to grow and develop in a larger organization. Our leadership team is engaged and excited about the future and we're committed to building something special here in the U.S. with our talented team.
2.0
23 Feb 2012
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Compensation was decent and the competitive nature made for an exciting place to work initially. My boss was generous with time off and I was able to gain exposure to some underwriting and credit training.

Cons

My boss created hostility within other departments by sticking his nose in their business and trying to make their problems his own. We were assigned special projects that never were finished and received little to no direction while in process, and then were criticized when they weren't done the way he wanted. Was micromanaged on a regular basis and had to track all of our activities in meaningless spreadsheet that was merely glanced at whenever my boss decided he had time to kill.

2
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