Scotiabank Reviews

Updated April 10, 2015
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3.0
181 Reviews
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Scotiabank President and CEO Brian J. Porter
Brian J. Porter
24 Ratings

181 Employee Reviews

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  1. It's been ok

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Scotiabank

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Some of the hardest working coworkers you will ever have.
    Good reporting structers and clearly laid out objectives.

    Cons

    Jobs can very monotonous.
    Growth can be challenging.

  2. Helpful (1)

    Blue collar investment bank

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Scotiabank full-time (More than a year)

    Doesn't Recommend
    Approves of CEO
    Doesn't Recommend
    Approves of CEO

    Pros

    It's steady, safe, predictable for the most part. Benefits are what you would expect. An atmosphere of humility...for the IB world, anyway. Could be a good fit for the right personalities.

    Cons

    The organization is far from nimble and far from willing to try new things. And, just as anywhere, there are internal politics and fiefdoms.

    Advice to Management

    Although your conservative investment strategy works well, there is no need for the operational side of the business to be equally cautious. Lots of rules and processes could be simplified and streamlined.

  3. Alright experience for entry level job seeked not recommended for professional.

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Scotiabank full-time (More than 5 years)

    Pros

    Working at Scotiabank afforded me plenty of opportunities for training. Great rapport with colleagues... everyone works as a team. The salary is pretty good and we get incentives.

    Cons

    There is a very heavy workload. Lack of opportunity for promotions

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  5. Helpful (1)

    Good work life balance

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Scotiabank

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Training content was in depth. Great people to work with. Senior and district Management genuinely wants to be a part of the learning process with staff.

    Cons

    Pay does not match up with the knowledge expected. Benefits are not great. There is a great learning plan but no time allocated to work on it. Policies are always changing it's hard to keep up to date. Knowledge required for the job is too much for one person.

    Advice to Management

    Allocate time within a work day for training programs. Improve pay and benefits to be competitive with industries in the area.

  6. Too much bureaucracy

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Scotiabank

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    Pros

    The Scotiabank name is a synonym for security.

    Cons

    Making the systems and operations the same for several countries is not effective.

    Advice to Management

    Give more authority to the people in the countries they operate.

  7. It is a great place to enter the banking industry, if you would like to make it a career.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Personal Banking Officer in Saint Thomas, VI
    Current Employee - Personal Banking Officer in Saint Thomas, VI

    I have been working at Scotiabank full-time (More than 8 years)

    Recommends
    Negative Outlook
    No opinion of CEO
    Recommends
    Negative Outlook
    No opinion of CEO

    Pros

    Wonderful people to work with;very family oriented. Everyone makes you feel comfortable when you're new to a branch.

    Cons

    The compensation could be better, and changes in the workplace should be relayed to the staff in a reasonable amount of time.

    Advice to Management

    Practice what you preach!

  8. Happy I did it, but would never do it again.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Analyst in New York, NY
    Former Employee - Analyst in New York, NY

    I worked at Scotiabank full-time (More than a year)

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    Some of the individuals within the bank are extremely intelligent, and they give access to upper management. Similarly, they have international rotational opportunities.

    Cons

    Culture is extremely cutthroat in investment banking and their is no sense of teamwork. Virtually no access to upper management as was once praised.

    Advice to Management

    Take time to train Jrs.

  9. good life work balance

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY

    I have been working at Scotiabank

    Pros

    Very good work life balance. Usually 8~5 working hour. People are nice and easy to get alone with. location is good.

    Cons

    not good IT system. 3 level bank. The management level people think their target is number 3 in any area (not like other bank wants to be number one!)

    Advice to Management

    No too much I can say about it. Please keep the work and life balance, that's what attract people here!

  10. Financial Advisor

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Scotiabank full-time

    Pros

    Lots of opportunity to move up the corporate ladder quickly

    Cons

    Pay scale at Retail banking level not the greatest

  11. A very Stable, conservative bank

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Scotiabank full-time (More than 10 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Once join, can work till retire. Very stable bank. Serfdom layoff.

    Cons

    Low Technology compare to top tier banks. Staff benefits plan not competitive. Can't keep talent people for long.

    Advice to Management

    Invest more in technology. There's a wide range of loyal staff at A56 to A70 who wish to contribute more to the bank but lack of opportunities.

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