Scotiabank Reviews

Updated August 27, 2014
Updated August 27, 2014
500 Reviews

3.5
500 Reviews
Rating Trends

Recommend to a friend
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Scotiabank President and CEO Brian J. Porter
Brian J. Porter
61 Ratings

Review Highlights

Pros
  • work life balance, position title is higher than other Canadian banks (in 66 reviews)

  • Relax work environment, great people and a stable company (in 22 reviews)


Cons
  • The pay is not competitive and there aren't full time positions on the teller line, even few part time (in 8 reviews)

  • Low salary; if you pay peanuts you get monkeys (in 8 reviews)

More Highlights

180 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Good, steady work. Heavy workload for FAs

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

    I have been working at Scotiabank for more than 3 years

    Pros

    Good benefits, and share ownership program.

    Cons

    Workload, technological infrastructure very dated, slow and frustrating.

    Advice to ManagementAdvice

    Invest in technological infrastructure to bring useful tools, and system stability to branches.

    No opinion of CEO
  2.  

    Wonderful

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Assistant Manager Human Resources  in  Christiansted, VI
    Former Employee - Assistant Manager Human Resources in Christiansted, VI

    I worked at Scotiabank full-time for more than 10 years

    Pros

    Team Oriented, successful, integrity, Training and Development, and more.

    Cons

    Not competitive enough to help employees drive successful sales results.

    Advice to ManagementAdvice

    Be more competitive. It will help to drive great sales results. Employees will be more motivated to reach out for the business.

    Recommends
    Approves of CEO
  3.  

    Great Company

    • 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 for more than 8 years

    Pros

    Career advancement , committment to employees, team approach to work and work/life balance

    Cons

    Technolgy systems are old. Long hours

    Advice to ManagementAdvice

    Investment in technology to enhance your employee work product and efficiencies.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Excellent work life balance

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Associate Director  in  New York, NY
    Current Employee - Associate Director in New York, NY

    I have been working at Scotiabank

    Pros

    Excellent work life balance, Excellent benefits and reasonable hours

    Cons

    Very limited US growth, lower salaries compared to competitors

    Recommends
  6.  

    Review

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Associate Director  in  New York, NY
    Current Employee - Associate Director in New York, NY

    I have been working at Scotiabank

    Pros

    Excellent Benefits Excellent Benefits Excellent Benefits

    Cons

    Lower salary than the competition

    Advice to ManagementAdvice

    Raise salary!

    Recommends
    No opinion of CEO
  7.  

    Good, solid bank with pleasant atmosphere.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • 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

    The company is in good shape at a time when the financial sector as a whole is in chaos. Offices and branches around the world mean opportunities for working abroad. There is an atmosphere if healthy competition, without much of the eat-rocks-and-crap-fire, alpha-dog stuff you might find elsewhere.

    Cons

    A fair amount of second-guessing; lots of paperwork; some of the same territoriality you will find in any big organization. Office location next to WTC site will be a downer for some (at least until something is finally built there).

    Advice to ManagementAdvice

    Keep being cautious about risk and capital ratios. Maybe cut back a little on the strategic missives couched in wordy corporatese. When I read these, I'm not convinced that the thinking behind them is entirely clear.

    Recommends
    No opinion of CEO
  8.  

    Strong organizational culture, focus on constant development.

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Scotiabank

    Pros

    Strong emphasis on professional development within positions.

    Cons

    high focus on online training

  9.  

    So far so good.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Personal Banking Officer  in  Whitecourt, AB (Canada)
    Current Employee - Personal Banking Officer in Whitecourt, AB (Canada)

    I have been working at Scotiabank full-time for less than a year

    Pros

    Good company culture, inclusive and embracing of diversity.

    Cons

    A lot of changes are happening at the moment which can be tough to keep up with but it's meant to make the bank more efficient and customer oriented.

    Recommends
    Positive Outlook
    Approves of CEO
  10. 1 person found this helpful  

    Friendly environment, Normal people, Not super geeks that can make you afraid of IT, Compensation is fine

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Co-op Programmer Analyst  in  Toronto, ON (Canada)
    Current Employee - Co-op Programmer Analyst in Toronto, ON (Canada)

    I have been working at Scotiabank full-time for less than a year

    Pros

    Friendly, Enjoyable, Good learning experience

    Cons

    Sometimes deadlines may come very frequent and you wont have time, Compensation is like all other banks

    Advice to ManagementAdvice

    Thank your for giving me a chance to prove myself

    Recommends
    Neutral Outlook
    Approves of CEO
  11. 1 person found this helpful  

    Analyst

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Analyst  in  Toronto, ON (Canada)
    Former Employee - Analyst in Toronto, ON (Canada)

    I worked at Scotiabank full-time for more than a year

    Pros

    Good colleagues, good communication, nice work environment

    Cons

    Low pay, salary, benefits, vacation pay

    Advice to ManagementAdvice

    Should be more professional

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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