CIBC
3.8 out of 5 stars.
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CIBC Employee Reviews for Senior Manager

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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.
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Good company to work for. Negotiate strong and hard for a good salary upfront that you will be happy with for at least a couple of years. They start low but can go higher, do not accept “you are the highest in a range”. it is very difficult to increase salary once in a position. Ask upfront what the salary range is.
Pros
Free banking and good employee mortgage rates
Cons
Many layers to navigate
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Working for cibc is easy. Most departments have good leadership team snd within the teams small different culture exhibits..work life balance is not that high may be our salary range is not competitive
Pros
Lots of team events
Cons
Work life balance
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One of the top banks in Canada. Salaries are less competitive as compared to other banks. Less spending on technologies. Good place to work. Good downtown location.
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Good career options. Good internal growth with lots of internal courses available to train and get better. Demanding work environment but good career mentors who will nurture and grow your talent.
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The Good: Benefits, defined benefit pension as part of salary package. Good work life balance. The Bad: Technology and workspaces dated and behind most other large institutions.
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I worked at cibc for 2+ years as a "quant". It was just incredible how stupid the upper management was. They did not know what variance was for, only "average" was important. Average account balance is 1mln $ -> that's ok, who cares that deviation was 2mln ... The culture is dreadful, some fresh B.S. are telling PhDs what to do, and "how to do". "Reporting up" is the most important function of employees, nobody is taking responsibility, "a process for the sake of process", nobody cares about results... I'd suggest laying off 80% of all employees downtown Toronto .. with no effect on business. So unprofessional management, just unbelievable!
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fast paced environment very client focused opportunities to learn and grow i found it difficult to keep up with the pace of change though there was sufficient support to help me along
Pros
respectful workplace
Cons
tba
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We all need to earn a paycheque but please go in with eyes wide open especially if you have options: - It's nice there's a new facility being built, unfortunately it won't solve a lot of the core issues (although a little puzzling why incur a huge real estate cost in office space vs upgrading technology, acquisition,...) - The company is going through major changes through cost cutting under this "clarity", and the new building cost won't help. No ftes are being replaced and funding for initatives, training are constantly cut. Be prepared for sacrifice in the employee/employer relationship - There is a focus on increasing female diversity and corresponding blind metrics on it, and as a reaction males are not being considered for opportunities and end up leaving the company as their next step (after sampling 50 people, 5% women left the company vs 60% men leaving) - A culture with no transparency, the usual nice to face, but you're on the list and don't even know - Everybody agrees at the beginning of initiatives and later find ways to resist the change - compensation is in the bottom 2/5 of the major banks
Pros
Made some good contacts
Cons
Toxic culture and limited opportunities
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Diversity in staff brings advantages of all kinds. Wonderful to work in an environment where everyone wants to meet and exceed customer expectations. conservative in adapting to new technologies.
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CIBC was a good place to work. They are a competitive organization and your job will be quick-paced. They are currently moving away from mainframe systems so those skills are not in demand as much as they once were.
Pros
reasonable pay, good benefits
Cons
large organization, creativity can be stifled
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There are lots of nice people to work with in the group. However, not everyone is qualified to do the job, as CIBC is not able to attract the best talents when offering the below-industry-standard pay. On the flip side it will be easier to shine among the team if you are smart and hard-working individual . Outsourcing initiative causes lots of problem: losing job and experience; Accenture is not performing as it should and cause many accounting errors; retained employee need to cover Accenture's mess in addition to their own assigned work.
Pros
Lot of good people to work with
Cons
high turnover, outsourcing, not competitive pay
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Average Management Team. Some directors care but are a minority. Family ties very important. it is very important who you are related to in order for advancement.
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very political work environment. management is lacking! advancement and opportunity is dependent on "toeing the party line". Original thought and challenging of status quo is not encouraged,
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As all big companies have, there were good peers and not so good peers. Different functional groups were generally cliquey and didn't mix often / well.
Pros
Limited professional development
Cons
As listed in the summary
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Managed a team of hard workers who are willing to work overtime in order to achieve the deadlines. Enjoyed working with all staff across the company. Able to advance my career with training, but sometimes could not find the time to take the training based on the workload.
Pros
Balance of work and lifestyle. Advancement of career.
Cons
Work load of managing team and HR activities
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Great place to build knowledge, personal growth and be part of a great culture. I worked at CIBC for 30 years, what a great place to grow with the company. Trust, Teamwork and accountability are their core values and it will stay with me during my next journey.
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CIBC is a great company that looks after its employees, and works to develop them and offer opportunities. It is a positive environment with lots of respect.
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Productive workplace. Lot of opportunities to grow. Diversity is also given importance. Everyone gets a chance to shine. Good management team. Employees are motivated.
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Very poor and underhanded leadership, not that bright. Typical of most banks, see people as a cost that can be discarded at any time. Salary is also below market as expected.
Pros
Idiot management - easy to fool
Cons
Stupid leadership - go no where environment
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I truly loved my time at CIBC Creditcard Services/ Customer Services. I was allowed to grow and develop my skills, as a Team Manager. I always had a good rapport with the upper management. They were always very supportive. My input was always very respected and they demonstrated a very believable interest in my point of view. I have nothing but positive reviews of my 8 years at CIBC. Thanks
Pros
Very supportive work environment, great management
Cons
Trivial complaints, no cons to really report
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