CIBC
Happiness score is 59 out of 100
3.8 out of 5 stars.
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CIBC Employee Reviews for Financial Representative

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If you thrive in a fast paced corporate environment, this is the place for you. But you get to meet great colleagues from different cultures and you can even get motivated to put in your best depending on your personality.
Pros
Diverse workplace
Cons
Fast paced
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Job Work / Life Balance and Salary/Benefits are satisfactory, however I cannot stress enough the importance of REALLY looking at the shortcomings of the other cadres in order to truly put into context the reality of this workplace
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I love working here. They're very supportive, kind and full of great advice for staff. I feel like they really try their very best to be there for us. There is also easy communication to all levels.
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Competitive salary with great benefits. Work can even get stressful at times but managers and work colleagues are friendly. Interview and training process is great and work gets easier with time as you gain experience.
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It was just bad on so many levels. The management was terrible and inept which was really just cascading from the top chain of management. Leaving CIBC for another bank was one of the best moves I've ever made both from a career and personal stance.
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Great leadership team and people first environment. ... I personally have improved my interpersonal skills working in this place. You have the opportunity to learn from different programs and to work with people from different backgrounds that have enriched my work culture. Jobs
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Just another bank. Focus on calls and sales. Work life balance is okay. Salaries are too low, expectations too high. Easy to get in, hard to build a career.
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The job in itself has the potential to be a great job, the pay is good, the insurance / benefits are good. the hours are not great as they are based off of your time as an employee, so if you are a new employee it is likely you will be selected to work late evenings and weekends etc. The only fault I had with this job is the extreme micromanagement. The managers put pressure on the team leaders to make sure theyre teams are excelling and reaching high sales targets, so in turn the team leaders are constantly breathing down your neck and monitoring everything you do through a magnifying glass, I personally found this extremely uncomfortable and stressful.
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CIBC suck the life out of me for 15 years before unfairly getting rid of me because I got too expensive. Annual salary increases were a joke, $450 per year, $500 per year, ridiculous. No cost of living increase.
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CIBC is a standard issue corporate banking ladder. Opportunities for advancement if you want them. Company moves at a glacial pace when trying to implement new ideas.
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It is a high pressure sales job. The environmental is stressful and management is very biased. Agents are encouraged to spend very little time and effort helping anyone who is unlikely to apply for a credit product.
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Happy to be a part of this great organization. It helps you realize your full potential, all my managers have been completely supportive in all my actions
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Local management in my area is great, but senior management is out of touch. Here are some pros and cons. Cons: - lower pay than other banks - there is an attitude at all levels of the bank to "get lost of you don't like it here" - external hires are always paid more than existing staff - EXTREMELY glitchy, poorly designed and antiquated computer systems - terrible business banking team and products (dead-last among Canadian Banks) - constant cuts to "non-productive" support/service roles with tellers and associate/assistants - lack of tenured/knowledgeable staff - constant "gaming" by sales staff to inflate their sales numbers (no one is measured by the same standards) - poor culture that promotes mediocrity and underpays the most talented staff (this is done in a number of ways, primarily bonuses, pay structure and incentive programs) - fewer and fewer teller hours are available (many branches frequently operate with a single teller and no lunch coverage) - lots of inefficiencies with internal systems (for example, mortgage assumptions are done on PAPER and MAILED to head office, all RIFF GIC renewals are done via a manual form that gets processed several days later by the back office, mortgage documents are printed and assembled manually by the lender often taking 30+ minutes, the only way to inquire about a transaction is to order the original paper receipt, among other things). - employees are not valued and are treated like they are expendable (because they are) - client statements are not consolidated in one place (you may have to go to 3-4 different programs - more...
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Very supportive working environment. Casual atmosphere with colleague and management support. There is alot of room for career advancement throughout the various financial banking channels.
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An applicant needs to be tough on this kind of job. stressful as you dont see your client face to face. work accommodation is good thou. I have nothing to say anymore
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Finance is a different world where competition is the norm but the expectations that CIBC gives it employees borders on sadistic. CIBC has the worst Culture of any work place I have ever worked at. They have no care for family life or your health at all other than what numbers your putting through. They hire and blow smoke, saying how well you're going to do after training and what they actually mean is how much money you will make for the bank by using their shady practices. They train people to understand Mutual Funds, TDSR calculations are manipulated, insurances, home buyers plan, and the list goes on...they don't train their employees to understand they train them to sell.....ask your FSR the next time your in to explain the pros and cons of insurance or GIC's vs RSPs.....ask them what your net worth is and what they can offer you to improve it....I bet you will be surprised at how little there people know but how " well" they are doing - winning trips - that is based upon SALES! it is dangerous to sell things you don't understand and most of the FSR's that work for CIBC are there because they are salesmen not bankers!
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I enjoyed working with CIBC where i learned so much about Financial Industry in terms of Loans, Investments, Mortgages. Its a total team effort which helps each other in growth.
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CIBC treats their employees with proper manner. Beyond my expectations. Great working environment with encouraging management. Weekly review for improvement.
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A great place to work. Would recommend to others because CIBC offers you the ability to grow in your career. There is no ceiling to reach there is always ways to grow.
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This is a great environment, in the sense that you meet great people, and you get paid fairly well. But the toll it takes on you mentally was not worth it to me. The place is Extremely sales driven, and you are not required to help the customer with THEIR actual needs, you are only required to help the company meet quotas. You are asked to push products onto clients that you can see don't require it. Like selling a 86 year old woman her 3rd credit card to push her further in debt when she doesn't need it. Be prepared to feel morally tarnished doing this job. If you are okay with selling your soul then go ahead and work here. Also management is no help, all they know how to do is breathe down your neck and make your life stressful.
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Your overall experience depends on your branch, co-worker and manager which is different in each branch. CIBC is best to start up as they have a good training program in place.
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  1. Financial Representative