CIBC Employee Reviews for Senior Manager
Senior Manager32 reviews
Found 32 reviews matching the searchSee all 3,341 reviews
CIBC selected this as a representative review
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.
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.
Free banking and good employee mortgage rates
Many layers to navigate
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
Lots of team events
Work life balance
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!
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
Made some good contacts
Toxic culture and limited opportunities
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.
reasonable pay, good benefits
large organization, creativity can be stifled
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.
Lot of good people to work with
high turnover, outsourcing, not competitive pay
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.
Balance of work and lifestyle. Advancement of career.
Work load of managing team and HR activities
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.
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.
Idiot management - easy to fool
Stupid leadership - go no where environment
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
Very supportive work environment, great management
Trivial complaints, no cons to really report