Commerzbank reviews

4.1

83% would recommend to a friend

(837 total reviews)
avatar

Manfred Knof

81% approve of CEO

64% 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
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

3.0
Oct 17, 2009
Recommend
CEO approval
Business Outlook

Pros

- Relaxed place to work and deliverables set are not tough at all - Nice and social people

Cons

- Work is sometimes not challenging enough - Payment is ok, but compared to banking sector not great

2.0
Mar 17, 2009
Recommend
CEO approval
Business Outlook

Pros

Getting the name on your resume, and you may learn something if you are in the right deparment. The company seemed very flexible in terms of letting staff take time off for personal reasons, one colleague getting six months off to go on a round the world trip. Good work life balance overall. Also, the company supports employees who wish to further their professional education.

Cons

The Commerzbank is a gerontocratically run institution...gray hair is the key to success here. Generally, there is a highly bureaucratic feel to the place, and there is little scope for autonomous thought. Also, it is a very conservative environment, though I guess no more than you might expect from a German bank. Oh, and salaries are determined according to a general schedule (like the one used for bureaucrats and army personnel in the US).

Viewing 835 - 837 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.