CIBC Employee Reviews for Financial Advisor
Financial Advisor51 reviews
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Great place to grow and develop as a young professional; works with very notable, high profile, and reputable Canadian clients . Very team-oriented culture. Management open and very approachable — both with respect to day-to-day operations and with to long-term growth initiatives.
You are just a number to drive sales...they don't care if you have covid or anything else...tick the boxes...makes sure the bs metrics add up. If you like micromanagement..you'll love CIBC.
Financial advisor at a branch - the worst job I've ever had in my life. intense pressure, micro-management, low pay, constantly being asked to do additional activity and meaningless tasks which prevent ability to provide client advice, impossible targets, archaic disparate internal systems that impede ability to deliver client solutions, mediocre management, always short-staffed.
Micro management is the way of life. Constant shaming during meetings. Very unhealthy competition causing increased politics in the work environment. Pushing for and forcing sales and it's all about the numbers. Zero work life balance as the management will suck the life out of you and will make you even work when on vacation. Overall it's a terrible place to work
Everything. Good employees quit everyday because of bad management and bad work culture
CIBC a pathetic place to work. The management is totally corrupt. Don’t know the business ethics. Always tries to focus on sale. On the name of retirement planning, CIBC is selling it’s products making fool out of people.
Worst place to work with
This is a high level job where you are given enough training and resources to be successful at your job. You need to be aware of what you are doing and if you wish to be there. I will only recommend this to someone who has a passion for this as it is a very demanding job, but a lot of fun if you have a passion for it
Although the benefits of free banking and staff rates for borrowing are great, management is out of touch with what the sales staff is facing. You are told you are to provide advice to clients and do what is best for them but ultimately you are "graded" on how many units you sold in each meeting you hold.
If you are sales driven and have passion to deliver meaningful advice to your customers then this is one of the best place to work. Keep in mind you have targets to achieve, it's always a good idea to keep up with them on weekly or biweekly basis.
I worked with and for some really great people in this organization. If the upper managements asks were more aligned with their stated philosophy I would likely still be with the organization.
The typical day at work was getting ready to meet 3 or 4 clients per day. There was always lots of tasks to do, from preparing for the next meeting to structuring mortgages for approval. Sales targets were high for both investments and loans. This role requires someone who is excellent at multitasking.