Commerzbank reviews

4.1

84% would recommend to a friend

(837 total reviews)
avatar

Manfred Knof

78% approve of CEO

66% positive business outlook

Commerzbank has an employee rating of 4.1 out of 5 stars, based on 837 company reviews on Glassdoor which indicates that most employees have an excellent working experience there. The Commerzbank employee rating is in line with the average (within 1 standard deviation) for employers within the Finanzen industry (3.7 stars).

Reviews by job title

837 reviews
2.0
Feb 11, 2010

Could do better

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

It's big and it's German but that shouldn't be a bad thing. There is a clear opportunity to create a national champion to rival Deutsche Bank.

Cons

The Board are a reasonably competent bunch of guys, but the interim levels of management are of dramatically varying quality. There is little entrepreneurial flair and little interest in institution building.

2.0
Jan 12, 2010

DIfficult atmosphere for former DKIB people

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Bank focuses on german market and commercial banking business so there are opportunities for commercial bankers who are german-speakers and seek to add complexity to their work routine (i.e. get ivestment banking experience). Also good for people who enjoy german corporate culture and are not used to 100 h working week. Plenty opps for promotion as many senor mgmt employees are leaving the bank.

Cons

Many unprofessional people around, poor communication within and between teams; extended integration that's been a complete business failure to date with undfined processes and lack of coordination between departments; daunting atmosphere in investment banking branch as many business are being terminated or not supported as too risky or not-in-the-focus.

2.0
Dec 20, 2009
Recommend
CEO approval
Business Outlook

Pros

> good inflow of human capital after the Dresdner takeover > relatively relaxed environment, relatively shorter hours than the industry > Quite entrepreneurial; people are encouraged to develop new products and lines of business, but on the other hand do not receive official support of recognition for it > Commerzbank has pockets of good businesses, and being in one can be rewarding (not being in one is sheer misery)

Cons

> below-market compensation > very political > Absolutely no respect for employees. Senior management treats the entire division as if it's being done a favor for working for the bank. Important strategic decisions are communicated poorly or not at all > too flat; unable to attract talent from other banks > business model is focused on the German market; very little prospect of growth otherwise > No-can-do mentality, very beaurocratic, with few shining exceptions > below-par support functions (IT etc.) *ensure* daily obstacles to doing business > Recruitement policy (getting people fresh out-of-college and developing them) means there is practically no inflow of experienced people and the business remains "esoteric". > As many departments are under- or not developed (eg brokerage), it is difficult to compete against banks that offer services across the entire IB spectrum

Viewing 832 - 834 of 837 Reviews

Glassdoor has 1,847 Commerzbank reviews submitted anonymously by Commerzbank employees. Read employee reviews and ratings on Glassdoor to decide if Commerzbank is right for you.