CIBC
CIBC Live Labs employees during a team meeting  

Recognized as one of Canada's Top 100 Employers

Here are some of the reasons why CIBC was selected as one of Canada's Top 100 Employers (2019), Top Employers for Canadians Over 40 (2019) and Greater Toronto's Top Employers (2019) :

  • Along with helping employees save for the future, CIBC provides retirement planning assistance and phased-in work options for those nearing retirement and retiring employees also enjoy peace of mind and may stay enrolled in the bank's health benefits plan with (with shared premiums) and no age eligibility limit -- the bank also maintains a Retiree Advisory Committee, which aims to represent retirees' views on issues affecting them and provide input on policy review and development
  • CIBC is in the midst of constructing a new global head office, aptly named CIBC Square -- the Toronto facility will be home to 14,000 employees and will feature collaborative meeting areas, a conference centre, an acre of green space, onsite fitness facility, and various dining options including casual and market-style eateries as well as white tablecloth dining
  • CIBC regularly celebrates exceptional performance through the Achievers program, which allows employees to send informal e-cards and nominate peers for quarterly awards -- the bank also maintains an annual awards program and hosts award recipients (with a guest) at the annual conference of top performers (previous events hosted in Hawaii as well as a private charter cruise)
CIBC employees at the Live Labs innovation and digital technology centre  

Employer Background

Industry Banking
Established in Canada 1867
Publicly traded yes
Major Canadian hiring locations Toronto ON, Ottawa ON, London ON, Montréal QC, Vancouver BC, Calgary AB, Edmonton AB, Winnipeg MB, Regina SK, Halifax NS, Fredericton NB, Victoria BC
Full-time employees in Canada 36,203
Part-time employees in Canada 4,731
Full-time employees worldwide 38,747
Workforce engaged on a contract basis 2.7%
Average age of employees in Canada 42.3 years
Longest serving employee 62.1 years

Physical Workplace Rating: B+

Commuter amenities subsidized parking, electric vehicle charging stations, secure/sheltered bicycle parking, nearby bike sharing station
Workplace features located in the heart of Toronto's financial district, CIBC's head office in the Commerce Court complex consists of 4 distinct office buildings, including the historically-designated North Tower (opened in 1931 and remained the tallest building in the British Commonwealth until 1962) and the 57-storey West Tower (one of the city's tallest skyscrapers), the outdoor courtyard features a water fountain and is home to a variety of events throughout the year, workplace features corporate art collection on display, direct access to the city's extensive underground PATH walking network, telecommuter workstations, sit-stand workstations, religious observance room, outdoor patio, self-serve lunchroom, and discounts at local restaurants, CIBC is currently developing a new global headquarters (CIBC Square) which will be home to 14,000 employees (the new space will include collaborative meeting areas and a conference centre, an acre of green space, a fitness facility and various dining options including casual and market-style eatery as well as white tablecloth dining)
Employee lounge amenities comfortable seating, television, meeting space on the 56th floor offers breathtaking views and is where executives host over 20,000 employees each year for special events and meetings, branch locations usually feature a private break room with personal computer access
Onsite cafeteria healthy menus, special diet menus
Onsite fitness facility shared-use facility
Other nearby amenities Toronto Central YMCA, Amesbury Community Centre, fitness club, Toronto Harbourfront, daycare, restaurants, shopping mall, Rogers Centre, Scotiabank Arena, Sony Centre for the Performing Arts, Roy Thompson Hall, Four Seasons Centre for the Performing Arts, a variety of post-secondary institutions, St. Lawrence Market

Work Atmosphere & Communications Rating: A+

Employee social committee name numerous employee-led social committees as well as company-sponsored affinity groups
Recent social events company-wide CIBC Employee Appreciation Day, annual children's holiday party (hosted at the Metro Convention Centre with over 2,000 kids in attendance), evening holiday celebration at Christmas for employees and their guests (called the "One Night Party" with dinner, drinks, entertainment and dancing as well as a taxi ride home), the "CIBC 150" celebration alongside the country's birthday last year
Cultural aspects employee sports teams, business casual dress, casual dress Fridays, music while working, concierge services available
Employee communications intranet site, company newsletter, traditional/email suggestion box, internal social media
Other in-house communications Client Connections (weekly stories about clients), Newsfeed (social network), Answers (peer-to-peer help site), intranet-based Cijiji site (internal classified ad site), Amazing Ideas initiative to allow employees to share ideas for improving client experience, dedicated retiree website, Facebook group and social committee

Financial Benefits & Compensation Rating: A+

Outside salary surveys participates in outside salary surveys every 12 months
Employee salary reviews individual salaries are reviewed every 12 months
Long-term savings defined-benefit (DB) pension
Long-term planning retirement planning assistance, phased-in retirement work options, life & disability insurance
Share purchase plan available to all employees
Year-end bonuses available to all employees
Referral bonuses (max) new employee referral bonuses (up to $1,000) for some positions
Signing bonuses available for some positions
Additional financial benefits subsidized home insurance, subsidized auto insurance, low-interest home loans, pet insurance, waived fees, bonus offers and preferred rates on CIBC banking products and transactions, WorkPerks discount program for employees and retirees, which includes savings on a variety of goods and services across Canada, transit discount through the TTC's VIP program, interest-free loans for the purchase of home computer equipment (to $5,000)

Health & Family-Friendly Benefits Rating: B+

Health plan premium as part of the health plan, the employer pays up to 100% of the premiums
Flexible coverage health plan is flexible with adjustable premiums and coverage levels
Minimum hours worked for coverage 15 hours per week
Waiting period there is no waiting period for coverage
Family coverage option yes
Retiree coverage with no age limit yes
Dental coverage routine, restorative, orthodontics
Traditional coverage (e.g. prescription drugs) yes
Other health plan information employee assistance (EAP) plan, semi-private hospital room, physiotherapy, medical travel insurance, homecare, medical equipment and supplies, massage therapy, podiatrist, osteopathy, chiropractor, alternative coverage (e.g. accupuncture, naturopathy)
Additional health and wellness information fertility drug coverage to a lifetime maximum of $3,000, free online Wellness Checkpoint tool that lets employees create personalized health profiles that can be shared with their physician, health spending account amount depends on remaining flex credits, fitness club subsidy available through employee discount program (WorkPerks), online educational video series called LifeSpeak that covers a range of topics from mental health to personal development
Maternity top-up (mothers) up to 100% of salary for 6 weeks
Parental top-up (fathers) up to 100% of salary for 6 weeks
Adoption top-up up to 100% of salary for 6 weeks
Additional family-friendly benefits extended parental leave to unpaid leave, emergency short-term daycare
Alternative work options flexible work hours, shortened work week (fewer hours with less pay), compressed work week, telecommuting, reduced summer hours
Additional family-friendly information "Flexibility@CIBC" program to address how employees work, comprehensive formal "CIBC@Work" program allows employees to design work schedules to help balance their working and personal lives while building a collaborative and innovative culture, employees can take additional time through time off in lieu of overtime pay (1.5 hours earned for every 1 hour of overtime worked), up to 20 days of emergency back-up childcare at various locations across Canada (employees can purchase up to 15 additional days at a reduced rate)

Vacation & Personal Time-Off Rating: B

Vacation note CIBC has multiple employee groups, vacation policies may vary by position
Vacation allowance new employees receive 3 weeks of paid vacation after their first year on the job
Vacation jump vacation increases after 9 years of employment
Maximum vacation allowance employees move to a maximum of 5 weeks of vacation over their career
Personal paid days off employees can schedule 3 personal days off each year, as needed
Unpaid leave maximum 24 months
Additional time-off information bereavement leave of 3 days (up to 10 depending on circumstance), personal leave for training and education purposes (up to 5 days), some employees start with 4 or 5 weeks of paid vacation, depending on the level of their position, employees can apply for short-term leaves of absence (determined on a case-by-case basis), one-time bonus week of vacation after 25 years on the job

Employee Engagement & Performance Rating: A+

Employee performance reviews employees receive individual performance reviews every 12 months
Managers receive performance review training yes
360° feedback option as part of the review process, performance feedback is also solicited from co-workers and other managers familiar with each employee's work
Confidential employee feedback employees can also provide confidential feedback on their manager's performance
Exit interview exit interview option is available for departing employees
Performance recognition individual performance bonuses, on-the-spot rewards, peer-to-peer recognition awards, long-service awards, tailored and unique rewards (i.e. travel), CIBC Achievers program, which allows employees to send informal electronic cards or nominate colleagues for quarterly awards and a $250 prize, annual awards (recipients are invited with a guest to the annual conference of CIBC's top performers, previous events have been hosted in Maui, Hawaii, and even a private charter cruise), Chairman's Council and President's Council recognition programs for CIBC Wood Gundy Investment Advisors
Outside survey period outside consultant surveys are held every 3 months

Training & Skills Development Rating: A+

Career planning in-house career planning services, online employee skills inventory
In-house training initiatives apprenticeship/skilled trades programs, mentoring, in-house training, online training, leadership training, paid internships, subsidies for professional accreditation
Related tuition subsidies employer covers up to 100% of tuition per year
Unrelated tuition subsidies employer covers up to 100% of tuition per year for courses unrelated to current position
Financial bonuses for course completions yes
Unique training & development programs job shadowing program, leadership development program for new executives, Financial Services Leadership Program developed in partnership with York University's Schulich School of Business, the CIBC Women in Financial Services Scholarship program (over $1.5-million to fund 48 scholarships in partnership with the Rotman School of Management and the Richard Ivey School of Business)

Community Involvement Rating: A+

Scope of charitable involvement local, national, international
Employee charitable involvement employees are involved in selection of charities, employees receive paid time off to volunteer
Total employee volunteer hours (on company time) over 200,000 hours last year
Total number of charities supported last year approximately 2,200 charitable and community organizations were supported last year
Some of the community organizations supported Tour CIBC Charles-Bruneau, CIBC 401 Bike Challenge (has raised nearly $2-million for cancer care in the past decade), BC's Children's Hospital, The Princess Margaret Cancer Foundation, Movember, United Way, Canadian Paralympic Committee (official banking partner), Rexall OneWalk to Conquer Cancer
Charitable giving matches employee volunteer hours with company donations
Community highlight A longstanding community leader, CIBC and its employees contributed over $70-million to charitable and community causes across Canada last year, which includes $45-million in corporate donations and $25-million from employee-led fundraising initiatives. Across the country, CIBC sponsors numerous charitable and community initiatives, with many programs tracing their roots to initiatives spearheaded by small groups of employees within the bank, including the "Canadian Cancer Society CIBC Run for the Cure" and "CIBC Miracle Day and Children's Foundation".

Recognized as one of Canada's Top Employers for Young People

Here are some of the reasons why CIBC was selected as one of Canada's Top Employers for Young People (2018):

  • CIBC is a founding partner of NPower Canada, which helps young adults pursue careers in technology -- NPower focuses on supporting students who have household incomes well below the poverty line, are precariously housed, are visible minorities or have multiple barriers to accessing meaningful employment, and offers an extensive 5- to 6-month program that includes classroom work, professional mentoring, and internship and job placement support
  • CIBC offers a number of rotational career programs in a variety of areas, including a Risk Management Development Program, a Commercial Banking Associate Program, a Human Resources Development Program and a Graduates Matter Rotation Program for students in their final year of study for an MBA or related program
  • The bank hosts "Think Tanks" and "Thought Forums" to provide new talent with unique ways of demonstrating their skills -- Thought Forum participants are given a case study and work in groups to showcase creativity, critical thinking and collaboration
Employees preparing to participate in the Tour CIBC Charles-Bruneau  

Highlights

Industry Banking
Major Canadian hiring locations Toronto ON, Ottawa ON, London ON, Montréal QC, Vancouver BC, Calgary AB, Edmonton AB, Winnipeg MB, Regina SK, Halifax NS, Fredericton NB, Victoria BC
Full-time employees in Canada 36,482
Student opportunities summer jobs, co-op opportunities, paid internships
Related tuition subsidies employer covers up to 100% of tuition per year
Career development in-house training, online training, in-house career planning services, mentoring, leadership training, online employee skills inventory, apprenticeship/skilled trades programs
Vacation allowance new employees receive 3 weeks of paid vacation after their first year on the job
Unique initiatives hosts orientation sessions with netWORKS, a youth networking and mentoring initiative for youth facing barriers to employment in the Greater Toronto area, GenNext@CIBC for employees in their 20s and 30s, in partnership with the Canadian Breast Cancer Foundation, issues an annual fundraising challenge to encourage college and university students to learn about breast health and support the breast cancer cause

Recognized as one of Canada's Best Diversity Employers

Here are some of the reasons why CIBC was selected as one of Canada's Best Diversity Employers (2018):

  • CIBC created action plans to improve the gender balance of women in leadership roles and manages a dedicated Women's Network with over 3,000 members spanning chapters across Canada, the United States and the United Kingdom -- the network delivers a variety of professional programming such as speed networking luncheons, career panels, speaker series, and peer mentoring circles
  • In 2015, CIBC announced a pilot partnership with Specialisterne Canada, an organization dedicated to helping individuals on the autism spectrum find meaningful employment -- to date, CIBC has hired 19 individuals through this partnership and has publicly committed to hiring 500 new team members with disabilities
  • Working with the bank's Indigenous Employee Circle, CIBC created a Pathfinder program to offer peer support for new Indigenous employees -- and manages the Dream Makers program to provide Indigenous scholarship recipients with summer employment (for select students)
CIBC employees at the Toronto Pride Parade  

Highlights

Industry Banking
Major Canadian hiring locations Toronto ON, Ottawa ON, London ON, Montréal QC, Vancouver BC, Calgary AB, Edmonton AB, Winnipeg MB, Regina SK, Halifax NS, Fredericton NB, Victoria BC
Full-time employees in Canada 36,482
Formal diversity strategy has a defined strategy to achieve diversity and inclusion goals
Senior executive who oversees diversity initiatives Chief Risk Officer and Senior Executive VP
Formal commitment global diversity and inclusion executive committee, senior executive champion council, diversity segment action committees, business unit diversity and inclusion advisory committees
Employee resource groups Women's Network (3,000 members with chapters in Vancouver, Calgary, Toronto, Montréal, Halifax, New York, the US and the UK), WorkAbility Employee Network (700 members), South Asian Employee Network, Asian Employee Network, Black Employee Network, Hispanic Network, Aboriginal Employee Circle, Pride Network, International Professionals Network, GenNext (for employees in their 20s and 30s)
Diversity training and awareness training on a variety of topics including unconscious bias, accommodation and inclusivity, diversity toolkit for people managers
Diversity highlights Career Access recruitment programs for persons with disabilities, Indigenous peoples, newcomers and LGBT job-seekers, pilot sponsorship challenge to the bank's technology and operations, finance, and risk management groups to encourage executives to mentor and sponsor diverse talent, formal guidelines to support employees as they transition in the workplace (developed in partnership with Pride at Work Canada), 5th annual Assistive Technology Showcase to highlight community partners and technologies to assist persons with physical and non-physical disabilities, annual Diversity Month celebrations, on-reserve banking centres located in urban, rural and remote communities for Indigenous peoples
Some of the diversity-focused partnerships Lime Connect, Toronto Region Immigrant Employment Council (mentoring for new Canadians, over, 1,000 mentoring matches provided), 30% Club (women), Magnet (persons with disabilities), Spinal Cord Injury Ontario, COSTI, Native Women's Resource Centre, Indspire (partnership to support First Nation, Inuit and Métis communities), Start Proud, Canada Company (military employment transition career fair), Triangle Program (Toronto-based high school for queer and LGBT youth)

The Career Directory

CIBC has been selected for The Career Directory, our guide to entry-level recruitment for recent college and university graduates.
A CIBC employee assisting a client

Highlights for New Grads

Industry Banking
Full-time employees in Canada 25,000 to 50,000
Major Canadian hiring locations Toronto ON, Ottawa ON, London ON, Montréal QC, Vancouver BC, Calgary AB, Edmonton AB, Winnipeg MB, Regina SK, Halifax NS, Fredericton NB, Victoria BC
Student opportunities paid internships, summer jobs, co-op opportunities
Training subsidies for professional accreditation, orientation program, online training, in-house training, mentoring, in-house career planning services, leadership training
Other info for new grads Average starting salary ranges widely with position (from $40K to over $85K), depending on the position.
Typical new grad positions Analyst, Associate
Work benefits health benefits for new employees, flexible work hours, telecommuting, employees receive paid time off to volunteer
Vacation allowance new employees receive 3 weeks of paid vacation after their first year on the job

Academic fields recruited

Recruits at these schools


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