Pros
- the only real pro will be the knowledge, experience and workhorse mentality that you will gain from working here - if you're able to succeed in this environment you will be a rockstar anywhere else and will actually be given the proper recognition and pay to go along with it -great support from financial planning consultants and trust department
Kontras
-unealistic targets with no material backing as to how they are determined. Huge variation in the targets of similar portfolios in your area for no apparent reason -many branch managers have little to no finance or investment experience and are suppose to be coaching financial advisors to be more successful in these areas -frontline staff is severely cut and the remaining sales staff is suppose to step in and take over deposit transactions etc which takes up a lot of valuable time. This is not taken into account with regards to breakaway expectations/targets that were rolled out when branches had ample csr coverage. -in addition to above the goal of CIBC is to push clients to online platform and out of branch... Yet fsrs/advisors are being measured and told to bring more and more clients into branch (to show meetings/sales) for things that can be completed over phone or online. -they roll out new software "compass" and new system updates but all it does is slow things down, bog up the sales process and make everyone seem incompetent because of all the bugs and issues that haven't been fixed. Anyone who has real sales experience and who has been properly trained does not require a program to recommend sales opportunities. -leading into next point... TRAIN your employees. So many fsrs/advisors are giving FINANCIAL advice to clients yet don't even comprehend what they are talking about. This WILL catch up with CIBC and its reputation as a reputable bank.