CIBC Employee Review
It's a bank that says it all
I have not worked there for a very long time. But bank culture is sell, sell, sell. So even if you are taking an admin job, you will be expected to sell. Worked with some very nice people and I think it's great start for college students wanting to gain experience.
Ratings by category
Wages are descent in the upper level but the front line staff, first face to face with customers and the referral of potential business staff should be given more training, respected and valued more and definitely paid more.
Room for advancement
stressful and competitive environment
The company has excellent benefits and you need to be sure to take advantage of them all as they will definitely increase your earnings. It is a very fast paced environment and you need to be comfortable learning on your own as you can never learn or remember all the information you will need to do your job so it is a continual process.
Corp-speak is that CIBC no longer has managers, only leaders. However, leaders are notoriously rare; managers are ubiquitous. I had one leader in the years I worked there; all the rest were managers. Just one example of the difference. The leader to whom I referred would stop, no matter how busy he/she was to ask, and meant it, how are you doing? Can I help? Managers only stop to berate; leaders stop because they care.Hypocrisy. It is said that CIBC cares for its clients, deeply. However ‘caring’ only extends to how many $$ you are worth. For example, the time one must spend to help elderly people who are confused, persons who are angry or the time to input data about POAs and estates (and other such necessary work) is not countable in the numbers BECAUSE THEY DO NOT MAKE REVENUE. The longer a manager has been away from the computer-driven work-life being done by those they say they are leading, the further their knowledge deficit grows. Their narrowed knowledge then allows them to justify piling up workloads on the basis of alleged scientific metrics. And their bonuses and much higher wages encourage them as managers, not leaders.
benefits: once you retire, if you or your spouse get critically ill or die before retirement
Many managers, few leaders.