This was some time ago, your manager dictated the work environment, very target focused and achieving set targets otherwise your penalized. The sales you made were not always recorded correctly, so you had to spend time correcting your targets and justifying.
Culture is changing over the last 2 years or so. Many people are leaving CIBC because the opportunities are better outside of CIBC. They have made many changes to the compensation. There is to much competing responsibilities that they ask of you that is not realistic unless you want to sacrifice quality.
CIBC is excellent place to work and with my long Time stability of over 15 years speaks it all. However I believe CIBC is somewhere behind in few areas such as below: Employee Career orientation programme Client satisfaction
people with different walks of life come and work with a motive to make banking a convenient service for every client. Trust and accountability are the pillars and every employee works towards a better relationship
I would never recommend CIBC going forward to any clients. Please see the pro's and con's section and the following Q and A for a full rebuttle of my time there.
Good pay and benefits, MLGIC selection is strong
Worst software that I have ever used, Help desk support is the industry worst, Mutual Fund returns this year have been embarrassingly low, Awful management that has no idea what is is doing, The training program is embarrassingly bad
Poor leadership skills displayed by mid management. Little career advancement opportunities. Extremely bureaucratic and rigid. Sales takes precedence and nothing else matters, to the point of ruthless product pushing.
CIBC has done some work over the last couple of years to improve pay equity compared to other FIs. They still have a long way to go regarding their culture issues and the desire to tailor their business to a Fintech environment.
Successfully managed a portfolio of high net worth clients. Helped these clients with their complete financial planning by setting up financial goals and helping they successfully reaching them. Had great success with mortgage sales, currently leading my district with mortgage sales. Over 23 Million in mortgage sales for the year 2015. Constantly grew my portfolio of client’s through client referrals and networking. Grew my client portfolio from 65 million to 95 million in the year 2015. Helped client's with their investment needs and provided them with various investments solutions offered by CIBC.
benefits are decent at cibc. very comparable to the big 5, discounts are somewhat better than other FI's. hours of business are being extended, but thats to keep up with competitors. system could use updating though
In past few years work environment has changed drastically. Work under pressure, all about performance and numbers. Management never listens to employees feed back. Always short staff and additional duties distributed to already overwhelmed employees.
As a senior Advisor with nearly 9 years of experience at CIBC, I was looked upon to be a leader among fellow advisors and the core branch team. After moving districts to take on the Advisor role, I was excited to join familiar faces whome I knew were hard workers, supportive leaders, and "go getters". That attitude was projected through me, and I quickly adopted the "can do, will do" mantra that CIBC was looking for. My first year as a Senior Advisor in a new district should have been dedicated to learning, but direct management made me feel very comfortable in my skills and provided positive feedback. Unfortunately, a large shake-up in management occurred into my second year, and advisors across the district felt the changes - not for the best. Wages suffered, and morality came down. We were left wondering what more can we do after many years of successful portfolio building, and helping restore the CIBC brand to a more positive culture to do business. Many requests went unheard and turnover became an issue, as well as less Advisor support vis-a-vis Associates (the latter position became less available and associates were split between two or even three advisors). Year-over-year, clients were impacted by a subpar business culture of cutbacks, a decisive approach geared towards sales rather than being client centric, and restrictions on our ability to meet the progressive demands of client needs. The team environment and ability to count on fellow advisors to share ideas and communicate while problem solving was positive. The people who work in the branches - the "faces" ofplus... CIBC - are great people. I was proud to be a Senior Financial Advisor of a large portfolio of investment and credit products for some esteemed private clientele. I looked forward to working as much as I wanted to in order to keep up with other top advisors, but unfortunately that passion evaporated when direct management showed disinterest in everyone's goals and objectives. The years that past with not standing by client needs will always be an obstacle for CIBC clients, and now that I am a client and not an employee, I feel the burdens when I go into branches to do my own business. I approached each individual with the "find a way to say 'yes' (within reason)", but I often hear "no" from branch reps even for the simplest request (that I regularly have to remind them how to help me with my request).moins
-Hard to balance sales targets and financial planning within work week. -Best part is dealing with people -Licensed to sell third party investments -Diverse products to sell -Always a new product to learn -must take courses each year to keep up with all of the licenses.