Toxic environment - Financial Advisor CIBC Employee Review

1.0
29 Oct 2021
Recommend
CEO approval
Business outlook

Pros

Slightly higher pay than TD

Cons

Toxic environment, high pressure for sales , and most confusing bonus structure that you won’t even know how get it end of year. Senior advisors will dump their mortgage clients on their book , which they already got paid for it , on new advisors book, so when mortgage get paid off of transfer to another banks it comes of from your book and net sales. For example, if you bring $ 5 million new business into your book and $ 10 million mortgages get paid off or transfer out from your book, you are net sales is minus $5million ! And you have to bring another $million to just bring your net sales to $0 lol Funny thing is most of those senior advisors never seen and spoke to clients before , they just got paid for it!!

Explore other reviews about CIBC

5.0
1 Jun 2026
Recommend
CEO approval
Business outlook

Pros

Good flatform to do holistic financial planning for clients. Stock purchase plan with company matching

Cons

There is no commission anymore.

4.0
17 Jun 2026
Recommend
CEO approval
Business outlook

Pros

good visibility, good work/life balance (got lucky and am in a good team)

Cons

little to no upward momentum. not enough of a structure to support long term employees with competitive market rates.

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