Commonwealth Bank of Australia, India Manager II salaries in India

Likes

Salary only one thing. That too HR reduce your previous organization PF amount and based on that they give 30% hike.

Dislikes

One of the worst organizations. No proper management in Transaction Monitoring. Daily we need to stretch and weekend works. 3+ years project got started but management still say that we are pipeline the project. Think twice before you join to CBA.

Likes

1) Good salary 2) Work-life balance the best i have ever come across 3) People you work with are fun and are very helpful

Dislikes

1) If you have joined here from JP Morgan you will get all the opportunities just because senior management has previously worked with these folks in JP Morgan . 2) Rewards and recognition is not given on performance basis but on the basis of how friendly you're with the senior management, even if you have performed excellent throughout, you won't get the rewards because they will choose their favourite than your performance. 3) Promotions have the same criteria like Reward and recognition if you're their favourite only then you get promoted. 4) There is no proper cafeteria/ canteen you need to step out or order your food. 5) Transport is the worst

Likes

Good package at the time of joining with 25% of variable pay only... later on nothing...

Dislikes

no work-life balance This product-based company in india has worse culture than service-based company Indian management working in this company prefers only those from their region. Whether they work or not, they give all kinds of ratings or promotions quickly. No matter how hard people from other regions work or how many certifications they have, it doesn't matter; at the end, they give negative feedback only. alwasy demotivativation... many sessions conducted on mental health and well-being, but many in management continue to harass their team members. Suggestions to the Management: Since the chapter leads and line managers are engaging in a lot of political games, introduce them to feedback as well, such as 360-degree feedback.

Likes

Good pay, which comes with own risk.

Dislikes

Dangerous workplace which is driven by EM and GM, job safety is not there at all. Great Innovation and change management, however, the pace also creates havoc in work workplace where the job they recruited 6 months ago becomes irrelevant and redundant. For Indian sentiment, this company is too low in rank compared to many American and European companies.

Likes

Good Work life balance. Salary is competitive and 30% annual bonus on CTC which is usually 55-60% of 30%. 21 yearly annual leaves.

Dislikes

“No job security” i will be straight honest with you. 1) Every Post appraisal cycle (which usually July-June)CBA goes through yearly restructuring. And be ready to to get laid off if your dotted reporting line is in Australia. 2) difficult to get promoted even if you have exceeded expectation rating in you PMP. 3)Data maturity is nowhere in the DNA of CBA. 4)CBA india works like a vendor of CBA Australia which is quite evident.